Whoever borrows so much money makes an important decision, the financial consequences of which will accompany him for many years. Loans of this size are used more for business and less private purposes.
Real estate loans are an exception. Another exception is perhaps a retraining measure to combine some loans. A loan of over 100,000 dollars is also not part of the usual loan business that direct banks normally handle.
The granting of such loans is difficult to handle solely on the basis of electronically supported, standardized procedures. Rather, a thorough case-by-case examination will be required.
A 100,000 dollar loan is no longer an ordinary consumer loan
As a rule, lenders cannot simply be satisfied with the silent assignment of salary claims and the signing of the loan agreement by a third party as security. The prerequisite for the award will be the provision of additional collateral such as land charges, securities, life insurance and the like.
In addition, the bank will inquire about the intended use and possibly agree on a purpose limitation. It is important for the bank whether and to what extent the project financed by the loan is suitable as collateral. Credit institutions will be very reluctant to finance a trip around the world with a loan of over 100,000 dollars.
To obtain such a loan for this purpose, the borrower will need to have the exceptional financial strength or excellent collateral, for example, a prime mortgage must be available. Lending is made easier for the bank if the debt-financed investment can serve as security.
If, for example, a very expensive sports car is to be financed, it can serve as security. However, the bank will take into account the loss in value during the term of the loan and may require additional collateral in the case of very large loan amounts.
It looks different from a real estate loan. Real estate is stable in value. If the lending limits are observed, a land charge alone is sufficient as security in all cases, provided the borrower has sufficient creditworthiness. For loans over 100,000 dollars, standardized, easy-to-use procurement guidelines can hardly be issued.
This is what the credit offers of direct banks are based on. It is therefore not surprising that it is difficult to find an Internet bank that offers loans of this magnitude.
100,000 dollars loans online
If you use the form of one of the large comparison portals, you will quickly find that direct banks do not actually bother with loans of 100,000 dollars. There are some loan offers that are not included in most loan calculators, but must be requested directly from the websites of the financial service providers.
Good Finance Bank offers net loan amounts of up to USD 100,000. Long terms of up to 120 months can be agreed upon. If the loan application is made via the financial check comparison calculator, the offers of the direct bank can be compared with those of the competition. For loans over 100,000 dollars, the offers of branch banks should also be taken into account in addition to online offers.
Banks are more likely to meet the needs of long-term customers and offer flexible credit solutions than financial service providers from the Internet, for whom the applicant is a blank slate.
100,000 dollars for civil servants and employees
Civil servants and civil servants can find cheap online loans over USD 100,000 if their pay is high enough.
The E-Money calculator contains the offer of the “Good Credit Bank”. The financial service provider offers loans from 50,000 to 120,000 dollars with terms from 48 months to 144 months. It is obviously a real official loan.
The official loan from the German credit broker can be taken out over a period of up to 240 months.
The maximum amount is 100,000 dollars. The financial service provider points out that slight problems with Credit Checker and return debits on current bank statements do not necessarily preclude lending.
In the case of civil servant loans, it is common for existing old loans to be included in the civil servant loan. The official loan must, therefore, be the sole loan.