The loan agreement
Litebank needs the fully completed credit contract to process the credit request. For online credit, fill out the form directly on the computer. Answer all questions completely and conscientiously. In this case, no further inquiries are necessary, which would delay the payment of the loan.
Proof of income
With online credit you also have to prove how high your monthly income is. If you do not have a current account at Litebank, you are required to provide your bank statements from the past three months. If you have your salary account with Litebank, the bank’s employees can check the relevant documents directly. The loan officer uses the bank statements to check the income that is available to you each month.
Approving the amount of credit you want also depends on the amount of income you can use to ensure payment of the monthly installments. The income that can be credited to the loan includes, for example, your salary and any additional income that may exist. You can prove your salary with the last three salary slips from your employer, of which you also send a copy to the bank.
A copy of the employment contract
A prerequisite for granting Litebank online credit is an employment relationship that has existed with your current employer for at least six months. A permanent employment relationship is also required. This means that the employment contract is not limited, but was concluded for an indefinite period.
There should also be no trial period, as is usually the case in the first months after a new appointment. These are all guarantees that you can meet your loan obligations in the long term. The bank therefore needs a copy of the employment contract to check whether you meet this requirement.
The identity card and the registration confirmation
Of course, the Litebank must check your personal details. It is important for the bank that you are of legal age and that you are permanently resident in Germany. For this reason, you should send a copy of your valid ID card together with the other documents.
If you are not a German citizen, a copy of the residence permit and work permit may also be required. So that the residence can be checked, the Litebank clerks need a confirmation of registration in the form of an invoice. This can be, for example, the last telephone bill or the electricity bill.