In order to take out a loan in the country, you need economic guarantees that prove your solvency. It is therefore important to have a job, both as an employee and as a self-employed person. The consumer credit law in the country prohibits overindebtedness of customers, which is why every request is analyzed before confirmation and documents such as the last three payslips and a copy of an official document are required. In some cases, an employment and / or rental contract is also required.
The loan with pay slip applies to employees with a passport and foreigners with a residence permit . In fact, employees with a B, C or G permit (with permanent employment of at least 6 months for the B permit and 3 years for the G permit) can also take out a private loan in the country from the same employer.
Calculate your personal budget for the loan with pay slips
Before confirming a loan, financial institutions carry out a personal budget calculation. Various information regarding the applicant’s financial and personal situation is included in the budget and is included in the pay slip.
Factors that influence the budget and thus the decision to grant the loan are: dependent children, allowances or family allowances, maintenance payments. Health insurance costs are also included in the budget if they are not included in the payroll.
Requirements for a loan with pay slip
In summary, the requirements for applying for a loan are as follows:
– To be employed by the same employer for at least 3 months , ie to have passed the probationary period after which the open-ended contract usually comes into force.
– Foreigners with a B permit must have been living in the country for at least 6 months and be employed by the same employer.
- Cross-border commuters with a G permit who do not live in the country require an employment contract that has been valid for at least 3 years with the same company .
Payslips provide essential information to the banks about your current income situation, one of the key determiners of whether your home loan application is approved or not.