With a fast payday loan that you want to close for a day of shopping you can of course borrow less money than if you want to take out a mortgage. And if you want to have extra money within a day to book a small trip, you will also be able to borrow less than if your lender has the time to carry out a comprehensive income check, such as with expensive car insurance. But how much money can you actually borrow for various things? We explain it here as clearly as possible for you.
Small loan for …
If you have seen something nice in the sale, want to buy a birthday present or, for example, book a last minute city trip and can not wait until your wages are back in, you can take out a small fast loan from various providers.
With such a loan for a small extra you can borrow from a few ten to a few hundred euros. Because certain rules apply, a larger amount for such a fast loan is not possible. The maximum is around 750 euros for most lenders. That maximum amount is therefore not dependent on your income.
Borrowing for a vacation
If you want to take out a loan for a holiday, there is no specific maximum for this. If, for example, you are certain to have a generous legacy, you will be able to go to your bank for such a loan. In addition to such cases, the amount of the amount that you can borrow will depend on your financial situation.
If you have enough of a few hundred euros you can take out a mini credit. We have already elaborated on this under the heading ‘how much can I borrow for a small extra’. If you need a few thousand euros, you will have to be able to demonstrate to most lenders that you are able to pay the loan and the additional costs.
A fixed maximum amount therefore does not exist for a loan that you take out for a holiday; it will depend on your own personal situation. For concrete information, it is best to request a free quote from various loan providers.
A car loan
If you want to borrow money for the purchase, and possibly the maintenance, of a car, then in the base the same applies as when applying for a loan for a holiday . Such a loan is also called a personal loan. The amount of the maximum amount that you can borrow depends in the first instance on your own financial situation. If you earn a multiple of the modal annual income, they will even see you at the bank for a car loan. And if you and your partner have to get a benefit, it is virtually impossible to take out a loan for a car somewhere.
To get a clear picture of the maximum that you can borrow, you can best inform the various lenders.
How much mortgage can I get
A mortgage is a special type of loan. There are specific rules for how much you can borrow and the maximum amount will be tailored to your personal situation. In ‘ Borrowing for a house ‘ and ‘ How much mortgage can I get? ‘You can read more about this special form of loan and how much you can borrow for purchasing a home.