Monthly expenses should not be underestimated. But if the applicant is single, he can usually afford the rate well. http://3-4jours.com/good-car-loan-for-bad-credit-get-low-interest-rate-car-loan-bad-credit/ has details
However, for families with children, this salary is not very high.
The most important thing – read quickly
Obtaining car loan with 1300 net is not that difficult. The credit market offers suitable, inexpensive offers from an income proof of $ 1,000.
Do not hesitate to compare and apply now. The application is always completely non-binding for you – you are not obliged to do anything.
Family – Application Problems
Families do not have it easy at banks when there is only one income. With the 1300 USD net income there is money left. But children cost a lot of money. For one thing, they quickly grow out of their clothing.
School trips and excursions also cost extra. So this money can be used up quickly. The small income is a big challenge for the car loan with 1300 net. Because the unscheduled bills quickly blow up every small budget. If there is an additional electricity payment, it will be difficult to pay the loan installment on time. House banks therefore often only offer a very small loan.
Direct bank versus house bank
Many trust their house bank and would like to take out a 1300 car loan on site. However, they often miss the opportunity to save interest costs. The house bank grants a loan to its customers. Only this is usually not the cheapest offer.
Direct banks on the Internet offer attractive conditions. Interest rates that the house bank has difficulty accessing. The house bank should never be the first choice for a 1300 car loan. Not only that the conditions will not turn out so well, it also takes time.
Even the appointment for the preliminary discussion can take time, maybe even half a day of vacation. Customers who choose a direct bank can also submit an application in the middle of the night or at the weekend. To compare and apply for car loans very precisely, comparison portals offer their services. Those who have never taken out a loan can quickly find their way around with a loan calculator.
Don’t underestimate creditworthiness
Many consumers are not worried about their creditworthiness. Until you apply for a car loan with 1300 net. Only then will many realize that they are not as popular customers at a bank as they thought. The credit bureau information is the be-all and end-all when checking the creditworthiness.
A household bill is also important. Because it shows – as a comparison – income and expenditure.
The scoring at credit bureau gives banks an impression of whether or not they have a solvent customer in front of them. Incidentally, approaches to improve creditworthiness are provided by the household accounts. Basically, it’s very easy. Scour the old contracts. Simply cancel unnecessary insurance and contracts.
The monthly income can be changed if a part-time job improves the salary. With the providers of a car loan with 1300 net, the overall impression simply has to be good for it to work. Possible credit hurdles can easily be overcome by a second solvent applicant. The second loan holder compensates for the personal weakness in income.
Stress-free car loan with 1300 net
If there is a negative credit bureau entry, the car loan does not necessarily have to fail. A bank from Liechtenstein is eligible for the loan request. Evidence must be provided of income earned through permanent employment as an employee. For a credit of 3500 USD, a minimum income of 1150 USD net is sufficient. (Singles). For 5000 USD, however, the bank expected 1600 USD proof of income. The highest loan, with 7500 USD, requires a monthly net of at least 1800 USD.
The interest rate is very high at over eleven percent. However, the customer has 40 months to fully repay the car loan at 1300 net.
In addition, he does not have to specify the intended use, so that he may be able to pay an invoice with the money in addition to a used car.