Criteria health questions credit

I apparently have to partially revise my previous answer: There seems to be a "risk file" of the insurers, which contains information about policyholders made available to third parties ("Hinweis- und Informationssystem der deutschen Versicherer – kurz HIS") -.-

Yes, and the question is, do banks have access to it or a similar system? Why can HIS actually exist in times of the GDPR? I would have to agree that my data is stored. Or is that stated on page 48 of the small print?

Why can HIS actually exist in times of the GDPR? I would have to agree to my data being stored. Or is that on page 48 of the fine print?

Storing is also possible without consent because there is a legitimate interest of the insurers and the public in preventing insurance fraud. The exact procedure to protect these particularly sensitive data and to restrict access to the necessary minimum was developed together with the data protection authorities. If that reassures you :) Just ask a bank now or go through an intermediary. They know how banks tick. RLV is largely independent of the credit, so I would definitely use an intermediary to have anonymous preliminary inquiries made. We had everything from rejection to a 5% surcharge without reduction of service. Our data was only given to the latter insurer, who ultimately also waived the 5%.

Yes, and the question is, do the banks have access to that or a similar system?

No, the banks do not have access to that. Whether they have their own systems – besides Schufa – I do not know. It has now been sufficiently clarified that the banks do not ask health questions; I do not quite understand the concerns.

A broker was able to tell me directly whether the banks (presumably and bank-specific) would approve or reject based on the financial key data. The bank’s detailed review is completely opaque; you have to go through it. Which documents the banks require varies; a broker also knows that.

And that is exactly my question. From when is that the case. I have heard different things. Some say more than 35% of the net salary is not possible. Others say if you have 1000 euros left to live on, the bank will give the loan. Are there even uniform, transparent regulations or does each bank do it at its discretion?

I was with my brother last week at such a meeting with an intermediary. The question of how much installment one can afford, regardless of what percentage of the net income is affected, depends on many different parameters and the sometimes very different household calculations of the banks. I would arrange a meeting with an intermediary and then see with what installment amount the desired sum is possible with your income. There are no “general” limits, said the intermediary, and explained that of course it makes a difference whether someone with 2500 net pays 1250 euro installment or someone with 10k net pays 5k installment. Which is of course also logical.

No, the banks do not have access to that. Whether they have their own systems - besides Schufa - I do not know.

Definitely not. Health is not a creditworthiness-assessing criterion. When granting credit, it is about assets, income, and unsecured portion (= bank's risk). The bank's risk is a loss in case of borrower default and foreclosure below the value of the still tied capital (loan balance). The cause does not matter, whether you are sick, dead, divorced, or laid off. If that were relevant, they would have to ask you not only health questions (risk of death/illness) but also questions about the quality of your relationship (risk of divorce) and your work motivation (risk of job loss).

"Another possibility would be that I service the loan alone. With the installment we have in mind (2500 euros), 1700 euros would remain from my salary. Would the banks approve that? I think I read that more than 35% of the salary is not accepted."

The banks have standardized living expenses stored in their systems for creditworthiness assessment. This means that depending on the size of your household (children), an estimate is made of the average living costs and whether the capital service for the loan can be serviced from the remaining amount. These calculations are provided to the banks by the respective interest groups, so they can differ between savings banks, cooperative/banks of the people, public banks, etc.

PS: According to current statistics, however, over 40% of the household net income is spent on housing in metropolitan areas. Of course, 40% of 1,000 EUR net is a different matter than 40% of 10,000 EUR net. With the latter income, there is still something left for an ice cream and a pizza at the end of the month.