What are the advantages of an installment loan?

What are the advantages of an installment loan?

Taking out loans with instant approval via the Internet is now a matter of course and is enjoying growing popularity. And there are good reasons for that. Installment loans are usually offered at more favorable terms than classic loans. Above all, however, borrowers don’t need much more than a stable internet connection to apply for their dream vacation or a new car from the sofa.
Find the right loan quickly
You will quickly find the right loan

Use our loan calculator to determine your desired rate for the intended loan amount. To do this, simply and securely enter the required data on the PC, tablet computer or smartphone. Then check whether the loan amount, term and conditions really suit your financial needs. If the offer meets your expectations, submit a personal loan request directly online and a few moments later you will receive an immediate confirmation of the conditions.
In just a few minutes you will receive a binding offer of conditions
You will receive a binding offer of conditions within a few minutes

Thanks to the instant confirmation from the bank, you will know after a few moments the conditions under which you can receive the installment loan.
Loan application conveniently from home
You can easily apply for the loan from home

In order for the bank to be able to pay off the loan, it is necessary to conclude a loan agreement. You can also do this from the comfort of your own home, because the electronic transmission of all documents, the online identity check and your qualified electronic signature using a certificate make the time-consuming trip to the bank or post office unnecessary.
Before entering into a loan agreement, the bank must verify the identity of the borrower. With the fully digital application process at Commerzbank, a short video chat via the videoIDENT app for smartphones and tablet computers is sufficient. In contrast to the Post-Ident procedure, with this so-called Video-Ident procedure you no longer have to go to a post office to have your identity confirmed there. Instead, you simply show the front and back of your ID card or passport during a video call with a bank employee. And because you sign the loan agreement digitally with a qualified electronic signature, the entire application process is completed in a short time.
Free use
You decide what you use the money for

The Commerzbank installment loan is a loan with free use. This means that, unlike an earmarked loan, with the Commerzbank installment loan you are free to decide what you want to spend the money on – for example for the long-awaited vacation, a new television, stylish furniture or an upcoming bill from your dentist.
Flexible special payments
You can make special repayments at any time

If you have a savings contract or money suddenly becomes available from another source, special repayments are possible at any time2 – in whole or in part. The advantage for you: early repayments reduce your remaining debt and thus also the duration of the loan. That way, you’ll be debt-free again faster.
Do you still have questions about the installment loan?

If you have any questions about the requirements or conditions of the Commerzbank installment loan, please contact our hotline or an advisor in your local branch.

This offer is aimed at natural persons of legal age with residence and unrestricted tax liability in Germany (tax residents).
Only loans that are taken out in one’s own economic interest are permitted. The loan may only be taken out for private purposes, i. This means that freelancers and traders are not permitted to take out business loans.

A current account with Commerzbank or another German bank through which you receive your salary or your pension.
A permanent residence in Germany.
A sufficient credit rating and a Schufa without negative entries. According to the law, we have to check this before we decide on your installment loan.

Your current identity card or passport.
A white sheet of paper for the signature sample.
Account statements from the last 30 days (from a loan amount of 5,000 euros).
New customers: Salary slips for the last two months.

Commerzbank currently does not offer an installment loan for the self-employed. Your on-site consultant can show you an alternative solution for your financing project.

You have 30 days to legitimize yourself for the loan and to sign the contract using a qualified electronic signature. You will be reminded of the legitimation by email and SMS. After the 30 days have expired, you will need to renew the loan

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