A 13000 USD loan is an installment loan that is often asked for. With this loan amount, you can finance not only small but also larger consumer goods. The money is usually enough for a kitchen, home furnishings and in many cases also for a new car or at least a used car. Depending on what you want to use the money for, you have to apply for a dedicated or a freely usable installment loan. Examples of a dedicated installment loan are the car loan and the dealer loan, which can be obtained, for example, in a furniture store or in a technology department store.
You can often not get a 13,000 USD loan abroad, because foreign lenders are often only willing to pay significantly lower amounts of credit to German citizens. They do not request Credit Bureau information and therefore cannot assess the individual status of the borrower’s creditworthiness. Only the income serves as an important indicator for the foreign banks.
In contrast, German banks very often grant loans in the five-digit USD range. 13,000 USD is a conceivable sum. However, you should be aware that your income should be significantly above the garnishment exemption limit or that you should alternatively have a guarantor or a co-applicant at your disposal, otherwise you will most likely not get a loan of this amount. It is also imperative that the Credit Bureau information is faultless and has no negative entries. The bank or the Sparkasse will carry out a corresponding check when applying for a 13000 USD loan.
A basic distinction must be made between a freely usable and an expressly earmarked loan. If you want to buy a car, it makes sense to apply for a car loan either at the bank or at the dealership. Almost all car dealerships offer this option today, with the advantage that the loan is not only available at low interest rates and with favorable terms, but that the financing and purchase of the car can be regulated in the same place, which results in short distances, which are also associated with considerable time savings.
But there are also advantages if you opt for a car loan from a bank or savings bank of your choice. Here you can pay for the desired vehicle in cash, with the consequence that the dealer often offers you high discounts on the entire purchase price.
A freely usable 13000 USD loan must be distinguished from a dedicated loan. It can be used for all consumer goods, a vacation or to compensate for debts or to replace other, older loans. There are also a number of other uses. This is up to you and the bank does not care what you use the money for once it has been approved and paid out.
Application, approval, payment and repayment
You can apply for a $ 13,000 loan from a bank or local savings bank, but also online. The requirements that you have to meet for this are identical in any case. You must also enclose certain documents with the loan application. You can then either submit them to the branch or send them to the lender over the Internet. A review of your documents and your loan application usually does not take long, so that you can expect a binding loan decision within a short time. If this decision is positive, the $ 13,000 loan is usually transferred to the current account of your house bank or to an account of your choice.
The procedure for applying for a loan, credit approval and payment differs only slightly for a dealer loan or a car loan from the procedure for a bank. The money is generally paid out to you in one amount. The repayment usually does not have to start immediately, but only after a few days, weeks or months. Here the bank will work with you to determine exactly when this should be done. The monthly credit installments are always due on the same date within one month and over the entire term of the loan. How long the term is and how high the credit rates are is also an integral part of the loan agreement for a 13000 USD loan. The amount of the rate usually does not change, although the last rate can often differ.