The state pays child benefit for children who are not yet of legal age. It is intended to provide financial support to parents in the provision and care of their offspring. It is a social benefit that cannot be included in the loan calculations if a loan is taken out. Because child benefit does not count as income and is therefore not recognized as such by banks. There is therefore no pure loan with child benefit. Despite all of this, child support can help you get a loan.
Real income counts
For banks, only real income is decisive when taking out a loan. Child benefit, parental benefit, sickness benefit or even unemployment benefit do not increase creditworthiness and are therefore not included in the calculation. Nevertheless, benefits like child benefit are not bad if you want to take out a child benefit loan. Because they are additional services that are available after borrowing and ensure a good standard of living despite the credit burden. In addition, social benefits may not be seized in the event of default, but only parts of real income.
How to find a good installment loan
There is no pure loan with child benefit. But there are good installment loan offers that can be taken up with a solid income and child support. In order to find these, a comparison is worthwhile, which can be carried out on the Internet with the help of a comparison computer. Only the key data for the loan, which is the basis for the calculation, must be entered in the comparison calculator. The most lucrative offers are then shown without having to ask each bank individually.
A comparison over the Internet thus saves a lot of time. But that’s not enough. If desired, the loan can also be applied for online. And not only with direct banks, which are known to be reached only in this way. The traditional banks with branch operations also offer their loans to us via the Internet, thus allowing borrowing via the Internet. It couldn’t be more convenient, since you are not tied to opening times and appointments to give advice.