Hello everyone, does anyone know exactly what banks accept as collateral for a loan? I mean of course, what exactly, besides real estate and property. Is there even anything else that counts as collateral?
Hello,
to obtain a favorable mortgage loan, collateral in the form of land charges or mortgages on real estate is indispensable. As additional collateral, other assets, such as surrender values from life insurance policies, balances from home savings contracts, savings books, fund balances, etc., are also accepted.
Cars, furniture, and such items are not considered collateral by banks.
If another person signs for you, it is also possible. It will then be checked, and if there is something to collect, you should not repay the loan, then it will be collected from that person.
But something like that can really endanger friendships... so a person has to be very reliable for me to sign something like that. And somehow I wouldn’t want to ask anyone for that either. It really has to be an insane emergency.
hm...well, I'm also not so sure about antiques with a loan...you can at most pawn them...A [Dorotheum] is a good address there if you need money quickly.