Are you interested in a home equity loan? Loan entirely without proof of income or with a small income? With or without Schufa? From a bank or private lenders?
What real offers you can expect, with so-called housewife loans, prerequisites and where risks lurk, the article summarizes compactly.
FAQ on the housewife loan
What is a housewife loan?
The concept of a housewife loan is still based on the earlier classic image of a housewife with no income of her own. It is aimed at people with a weak credit record with difficult or no proof of income.
Housewife loan – what do applicants imagine it to be??
The classic example of lending to housewives, corresponds to the reality of life in the 50s of the last century. At that time, the livelihood was earned exclusively by the man. Housewives did not earn money themselves through their work. They did not have their own bank account, nor did they generate income. Already therefore were considered – the guardians of the hearth – as not creditworthy.
This is important
Financing needs of citizens with weak credit rating existed not only in the post-war years. On the "model of the post-war housewife" are still oriented interested parties who are looking for a housewife loan online. Addressed by the credit for the homemaker feel, unemployed individuals (m/f/d). In addition, applicants with difficult or insufficient proof of income. This applies to the following groups of people, among others:
Due to precarious employment, temporary and loan work, but especially by solo self-employment, the need for housewife loans is large. Obviously suitable credit offers know nearly everyone from the printed advertisement. Loans for non-working wives were advertised (especially in the 80s) through magazines. Advertising advises applicants without proof of creditworthiness to take out a Swiss loan with no credit history.
There are these possibilities to get a loan:
Mini loan without income – housewife loan
An offer for "real housewife credit" of a credit institute – without proven income – actually exists. Ferratum money (based in Malta, phone number from Germany) offers lightning loans online. Lending is not linked to a certain level of income. With the mini loan, the bank trusts the creditworthiness via the Schufa score. Without negative characteristics, proof of income does not matter for lending purposes.
People who need such a loan apply for their mini-loan (without guarantor) within a few minutes via the input mask. The identity is then checked. This works through Verify-U or via videoident within about 30 minutes. An express function is available for the fast loan disbursement. Within 24 hours the bank pays approved lightning loan for housewives.
Minikredit – loan amount, interest rate and repayment
The bank limits the loan amount for first-time applicants to a maximum of 500 euros for a mini loan. Ferratum money gives the APR as 10.36%. This corresponds, with 500 euros loan amount, 4.26 euros interest costs in 30 days. In addition, there are optional fees for express disbursement. Again starting from 500 euros loan amount, the quick disbursement costs 179 euros extra. Applying for two months to balance credit costs an additional 99 in fees.
A mini loan without a guarantor is not a long-term loan. The housewife loan is one of the short-term loans. A window of 15 days, 30 days or 62 days is open for repayment. To apply for two monthly installments to balance the credit means that the repayment of the first installment is due after 31 days.
Mini-loans for people with small salaries
After a housewife loan or loan with little salary, look around mini- and midijobber, but just as often pensioners. Banks often refuse loans with a small salary for lack of seizure of the debtor. At most, if guarantors step in, then regular lenders are willing to grant a loan. Even a regular installment loan with two people is conceivable.
A credit alternative with small monthly income, offer Vexcash and Cashper. Both offers are mini loans. The comparison to the housewife loan of Ferratum money is worthwhile in any case. Large savings potential exists with the optional credit costs, which do not appear in the effective interest rate. The application process and disbursement speed of all providers is comparable. Only set Vexcash and Cashper a minimum income of 500 euros or. 700 euros ahead.
Swiss loans for the housewife – what is real?
Schufafreie Swiss loans, for the non-working spouse, they actually existed. This was long before the euro and the European banking crisis. It was possible to obtain a small loan without your own earned income. A copy of the husband's income tax card served as proof of income for the wife at the time. With today's credit check laws, this is no longer compatible.