Although in terms of distance Germany and Greece are far from Spain, there are few differences that can be established if we compare their economic systems with our country. In fact, in consumer loans, the average bank interest rate for August is 10.69% in Greece, 4.49% in Germany and in Spain by 8.16%, according to the statistics entity of the euro area. The one that goes further than our average is the interest rate in Germany, but what would happen if we investigated personal loans and the differences they present in terms of amounts, conditions, and advantages? Would they be very different? then we check it.
Offers that we can find with personal loans from Germany and Greece
Next, we will show an analysis carried out with the purpose of deciphering, in broad strokes, the main differences that we can find if we ask for personal loans in these three countries. Starting with Germany, if we give as an example the credit institution DKB (Das Kann Bank), it offers us the possibility of obtaining between 2,500 and 50,000 euros enjoying advantages such as being able to return it up to 84 months (7 years), not having any kind of commitment or enjoy a fixed rate of 5 to 20 years.
As for Greece, we can access personal loans of 1,500 to 30,000 euros with Alpha Bank, the second largest bank in the country. This is a loan that we can allocate to any purpose and, in addition, we can return it up to 8 years.
We do not perceive very different characteristics between the personal loans of Spain and those of Germany or Greece in terms of amounts and periods of repayment. One of the tools that help us better perceive the differences between one product or another are the personal loan comparators. Through these, we can obtain a more general vision of all that a financial product can offer us and, depending on the characteristics of each, choose the option that best suits our situation.
Do these personal credits still have the same requirements?
If we decide to ask for payday loan consolidation, we would usually be asked to be 18 years of age, to reside in the country and also to have a regular income- GT site I like. In the case of Greece, the aforementioned entity indicates on its website that the minimum requirement is to reside in the country permanently. In parallel, it indicates that it will be necessary to present our Identity Document, the last year’s tax return, and the last payroll if we wish to access the loan.
In Spain, for example, we can find personal loans that will also require us to contract related products such as insurance, be 18 and in some cases even older or have a payroll registered with the entity, among others.
We see, therefore, that there is little difference in terms of requirements. It is clear that these may vary depending on the entity, but if we ever move to Greece or Germany and need personal loans, we already know that they will not ask us for anything out of the ordinary. In fact, if we want to enter the matter and start to inform us, we can download for free the “Guide to request a personal loan to the bank in 25 questions ” to clear some doubts before launching into the adventure.