It is not as unusual as many think that a loan is taken out during marriage. It happens very often and banks have adjusted to it. In some cases it is not that difficult to get the loan, but only if certain conditions are met. Those who are interested in the loan should pay attention to a few things.
When can a loan be taken out?
Many wonder when a loan can be taken out during marriage. The answer is very simple, because basically it always works if the framework conditions are right. The loan can only be applied for if the creditworthiness is correct. If a spouse wants to apply for a loan that earns the main money, there will be no problems.
However, a spouse often works only slightly or not at all. These people have a hard time getting a loan if they don’t want the spouse to sign the contract.
In such a case, banks always require a guarantor’s signature. However, this does not have to be the spouse, it can also be the best friend or someone from the family. It is only important that the guarantor is solvent and can take over the installments in an emergency.
What documents are required?
If you want to take out a loan during the marriage, you have to submit various documents. The last bank statements, the proof of salary and a consent for the Credit Bureau examination are required. Banks check this information and can then decide whether or not a loan can be taken out during marriage. If it is only a small loan, then there is no need to even specify a purpose.
Is the spouse liable for the loan?
Many think that the loan must always come from the spouse. However, this is only the case if the spouse has signed the loan agreement. If this is not the case, then it is not the credit installments that the spouse has to pay for. The borrower alone or the guarantor is liable for the loan, so that these people must also act if the installments are no longer repaid. The debt is only made by a spouse, who often spends it only on himself. However, if the loan makes purchases that affect both partners, then both must also pay for the debt.