Housewife loans are no longer available today. A credit for a housewife is understood to mean a loan for persons without their own income or with only a small income of their own. These can be assigned by banks: at the counter, online or otherwise. There are also private lenders to mention. The person in question includes housewives, house men, single parents and others

In-depth information

  • Examples:
  • Special shapes:
  • pitfalls
  • Bad credit rating
  • Current figures and interest rate developments:

In-depth information


In this sense, loans for housewives are given to people with only a low, such as 450, – Euro jobs, or no income of their own.

    • Bridging financial shortages

A current financial bottleneck might suggest a loan. This could have been caused, for example, by the need to repair or replace a washing machine or a refrigerator. In these cases it is good to be able to resort to a financial bridging in the form of a loan.

    • Income is needed

This type of loan is mainly intended for housewives and housekeepers. For this purpose, the “housewife” will turn directly to a bank or at least only to a credit intermediation, in order to obtain the best possible credit for them. Lending is tied to certain prerequisites, such as an underlying income, which in any case, in any form, must be present. A 450, – euro job should not be enough.

    • Application with spouse

For wives or husbands, it is usually possible to see the spouse’s income. The amount and the security of the regular income are interesting. In these cases, it is best for both spouses to discuss the matter together and make a loan application by mutual agreement, signed by both. They both take the loan together in the case.

    • credit-worthiness

The second option is for a spouse to apply for and receive the loan on their own, but the second person will know and sign the loan; enough income of the second is required.

Likewise, the so-called creditworthiness of the applicant is checked before a loan is granted. This is understood to mean creditworthiness in the form of whether or not payments have occurred in the near and distant past. It is meant, whether a person has fulfilled all payment obligations or not. Punctuality is also respected.
These are the basic requirements for borrowing.



These people are usually not granted high credit . They have to be commensurate with the income. The monthly load capacity must be considered. The repayment amount is determined. This should be low in most cases. Also, the term will usually be longer term to account for these aspects.

Present approximate very low interest examples:

1,000, – € Loan amount 12 months Term from 1,79% effect. APR
84,14 € monthly load
1.000, – € loan amount 18 months duration from 1,79% effect. APR
€ 56.34 monthly load
2.000, – € loan amount 24 months duration from 1.79% effect. APR
€ 84.88 monthly load
2.000, – € loan amount 36 months duration from 1.79% effect. APR
57,09 € monthly load
2.500, – € Loan amount 36 months Term from 1.79% effect. APR
71.36 € monthly load
3.000, – € loan amount 48 months from 1.89% effect. APR
64.92 E monthly load

Special shapes:

    • Without spouse

Since, for example, single-parent fathers and mothers with small children can incur sudden and unexpected costs, it may be possible that a loan is sought. In addition, other single person groups are conceivable. Since in these cases, no income of a spouse is present and thus can not be specified, only the credit-demanding person is available. For them the same applies: it is to indicate the sole own income.

    • Take out credit insurance

Of course, borrowing will be made more difficult by omitting the above. For example, to cover this risk, the bank may require insurance coverage. This can also mean a higher interest rate.

There are also cases of married people, in which the spouse of the consumer also has little or no income of his own; it is therefore out of the question as security. Borrowing is also made more difficult. The hedge of the bank should look similar to the case mentioned above.

    • Increased interest rate for default risk

It also raises the question of whether the spouse wants to agree to the credit or not. It is also conceivable that he should know nothing about borrowing. The best way to speak in problem cases with the bank, which may know about a remedy. Also, other credit institutions or lenders could be requested.

So in order to hedge an increased risk, the bank can in any case demand a higher interest rate, the conclusion of an insurance, among other things.

Vice versa:
The lower this risk for the bank, the less expenses it will charge. This comes naturally to the loan seeker. His monthly financial burdens will be correspondingly low. For this reason, it is very advisable and desired by the banks, or even required to provide one or more guarantors. This is liable in case of default. Guarantors can be life partners, relatives or acquaintances and others. Financial security is required.


For reputable banks, no pitfalls are to be expected. These only grant secured loans on normal terms.

If these credit unsecured and thus for the bank are unsafe, they give these people no loans. Then the credit seeker must turn to a lower class of banks , which require less hedging. This will have a financial impact on interest, fees and other things. This can cause the borrower financial difficulties. He is advised to inquire about everything beforehand.

It looks very bad, even if this class of banks no longer wants to grant credit . After that, a person will turn to other lenders, usually more or less dubious or abroad, in order to still get a loan. In all these cases, it may be advisable to look for any pitfalls.

Bad credit rating

Bad credit rating

As described, lending always depends on a more or less guaranteed income.

Likewise, it depends on the credit rating. In any case, this will be checked by the banks before lending, and by all eligible persons. It says something about the creditworthiness of a person. This is determined from the available data. Usually these are compiled by relevant credit bureaus, preferably by the Private credit.

This will be cheapest with a safe and regular income. It can be assumed in these cases that someone can meet his payment obligations on time and complies.

It is less favorable if this is not the case. The payment moral is wrong. Payments are made only hesitantly, after reminders and are delayed, etc. This does not affect the credit rating.

It is very unfavorable when someone suddenly gets into an emergency and can no longer pay, such as illness, unemployment, divorce. In such cases, perhaps a debt counseling could be helpful in order to still be able to get a loan. Maybe these ways know there.

It is particularly unfavorable if a person has already made an affidavit. In these cases, no credit will normally be given. A person may try to obtain credit from dubious domestic banks, individuals, lenders, foreign banks, and so on.

For these so-called hopeless cases there are still many offers of a “housewife credit without Private credit”. However, such loans are much more expensive.

Pledges are also possible.

Current figures and interest rate developments:

In recent years, lending rates have continued to fall. It makes it easier to get money in the form of a loan. The banks gladly accepted that and lowered the lending rates. That, in turn, delights the consumer as he does not have to dig that deep.

At present, interest rates are at historic lows. It is therefore advisable to use this time for a loan. It is likely that this low-interest phase will eventually come to an end.