A loan of up to 90,000 dollars – only a few direct banks grant loans of such large amounts. As a result, credit customers have little choice. If you set the known loan calculator to a total of 90,000 dollars, a maximum of three or four offers is listed.
For the self-employed, especially for traders, there is practically no possibility of taking out cheap loans of this amount through credit comparisons. If credit customers turn on an online loan broker, they are more likely to get a loan of over 90,000 dollars.
Credit brokers and comparison portals hardly differ from each other
Both credit brokers and the operators of comparison portals compare various loan offers from their partner banks and present their customers with the cheapest option.
For this, they receive a brokerage fee from the credit banks. However, there is a major difference. While the comparison runs automatically when using a credit calculator, the customer requests are processed manually by good credit intermediaries.
This offers more scope for individual wishes. In many cases, even if an inquiry started via a loan calculator is rejected because it does not fit the specified scheme, a credit broker can still help.
In addition, the loan offering at loan brokers is more diversified. Comparative calculators only almost always provide installment loans only to relatively well-earning employees, civil servants or pensioners, at best still earmarked renovation loans or vehicle financing.
Credit brokers, on the other hand, also include self-employed people among their customers and, in addition to installment loans, also provide real official loans and financing that can be secured with property.
Especially customers who want to apply for larger amounts, such as 90,000 dollars, can benefit from this variety of loan offers.
We recommend the financial service provider
The German credit broker is one of the market leaders in its industry and is considered to be particularly service-oriented and reputable. A high number of customer reviews confirm this assessment.
Credit inquiries, advice, and quotations are free of charge and non-binding for the customer. The credit request itself is neutral. Score values are not affected.
Good Credit helps customers with general purpose loans, government loan products, self-employed loans and mortgage loans
Up to 100,000 dollars can be applied for. A 90,000 dollar loan is at the upper limit but should be possible without any problems. With long terms up to 120 months, the rates can be made bearable. However, long terms mean higher total costs for the loan.
The interest rate depends on creditworthiness. According to the representative example, two-thirds of Good Credit customers receive an annual percentage rate of 8.45% (as of April 2017) or better.
The information is shown for a 5000 dollar loan. To what extent they can be used for loans over 90,000 dollars with long terms is not certain.
General interest rates given by banks and financial service providers serve as a first guide rather than statements about the interest rate burden in individual cases. How much interest a loan customer has to pay is only determined by the specific loan offer.
The mortgage loan offered by Good Credit is not earmarked.
In principle, it is a normal installment loan that is secured with a mortgage. The mortgage loan, therefore, combines the advantages of a real estate loan (long terms, low-interest rates) with those of a general-purpose loan.
This type of loan is ideal for loans of 90,000 dollars. A prerequisite is, of course, an owner-occupied property.
In addition, all special advantages of the mortgage loan can only be used if it can be secured with a prime mortgage.
In addition, Good Credit provides cheap modernization loans for real estate owners without land charges.
With terms of 25 years, however, the loan amount is limited to 60,000 dollars. These loans are earmarked.
Debt financing for civil servants
Good Credit provides two types of credit for civil servants and civil servants:
The civil servant loan is a normal installment loan with particularly low-interest rates and long terms. Terms of up to 240 months are possible.
A civil servant loan is a term loan that is concluded together with a repayment vehicle, for example with life insurance.
At the end of the term, the loan is repaid with the income from the repayment vehicle. The interest for the loan and the contributions for the repayment vehicle must be paid during the term.
The possible amount of a civil servant loan or a civil servant loan depends in particular on the monthly income.
The maximum amount is always a multiple of the net income. As a result, official loans or official loans over USD 90,000 may not be granted if the net income is relatively low.
Loans for the self-employed
Flexible loans are offered for all self-employed, regardless of whether they are traders or freelancers.
Good Credit advertises with loans from the first month of self-employment. Ideally, the last bank statements should be sufficient to prove the income situation.
However, this form of flexibility should no longer be possible with loans of 90,000 dollars.
The acceptance criteria for loans at this level are very likely to be stricter. Nevertheless, applying for a loan from Good Credit should be worthwhile for the self-employed.
Loans for retirees?
It’s no secret that many banks don’t make it easy for seniors to get a loan.
This is especially true for the 70+ generation. At Good Credit, lending is generally possible for seniors up to the age of 75.
Such loans can also be granted without earmarking, risk premiums or additional security. This certainly applies to the usual consumer loans with amounts of up to 20,000 or 30,000 dollars.
It is questionable, however, whether 90,000 dollars in loans for senior citizens will be granted without further ado. Information is available from Good Credit via the hotline.