A tricky topic is credit without German citizenship. It always depends on which nationality the loan applicant belongs.
Basically, banks in Germany can not simply reject a loan for people without German citizenship. If, for example, citizens from EU countries are concerned, the rejection of credit inquiries would violate the existing prohibition of discrimination enshrined in the Basic Law. There is credit without German citizenship if the applicants prove a fixed income and a German residence with residence permit and work permit. This also applies to non-EU citizens.
The credit without German citizenship for EU citizens
In recent years, EU law has become so prevalent in Germany that it also provides credit to people without German citizenship who come from the countries of the European Community. Refusals of credit requests that are based solely on being a non-German are prohibited by law. This means that the Italians living in Germany, Greeks, Spaniards or French, if they meet the requirements for lending, can take out a loan without being German citizens, for example, if they want to finance a car.
In practice, however, it appears that there are some banks that, despite the prohibition of discrimination, loans for foreigners. Of course, the foreign citizenship is never stated as the reason for the refusal. That can only be suspected. But that is why it is still difficult in Germany to get a loan if you are a foreigner – no matter what your nationality.
How the loan becomes possible even without German citizenship
However, there are ways and means of obtaining a loan without German citizenship. Increasingly, the banks are renouncing their strict guidelines. They also grant loans if they do not have German citizenship. In these cases, banks expect foreign citizens to meet the same requirements that German citizens must meet if they wish to take out a loan. For example, they must be able to prove that they have a regular attachable income from a non-self-employed employment, from which the monthly installment can be paid. In addition, it is necessary to have a permanent residence in Germany and to prove this by presenting a registration certificate. Foreign citizens are a little harder to get a loan, but it’s usually not hopeless.
Anyone who gets informed on the Internet will certainly find testimonials from other foreign borrowers and banks, where it is no problem to take out a loan without German citizenship.