Dispo for the self-employed
The overdraft facility corresponds to the overdraft facility for the self-employed. In Germany, the overdraft facility, also known as credit or Dispo, is granted by banks or banks to private individuals on the current account. The overdrafts are for entrepreneurs who overdraw loans for private clients. Collateral and guarantees also play an important role for founders and self-employed persons in applying for loans. The overdraft facility is a cost-effective alternative to overdraft for the self-employed and offers significant benefits as a line of credit.
The self-employed can, of course, also earn a regular salary, but in a comparable way it is hard to prove and sometimes varies from month to month.
The self-employed can, of course, also earn a regular salary, but in a comparable way it is hard to prove and sometimes varies from month to month. As a self-employed person, you are no longer in danger as an employee, so that you can no longer do your job in the future and become unemployed.
Overdraft for the self-employed
Overdrafts, also known as overdrafts or syndicated loans, are granted on the current account in the Federal Republic by a bank or a bank for private customers. An overdraft facility is often granted to employees with regular pay after 3 months. In the case of independent companies, on the other hand, this is referred to as current account credit. Unlike overdrafts, current account credit must be claimed separately for small and medium-sized enterprises.
Comparable amounts for an overdraft for craftsmen: What is an overdraft for craftsmen? 4. The current account overdraft is a perpetual bank overdraft facility that allows the holder to transfer payments without credit. When using the overdraft, debit interest is calculated. You can apply for a short-term overdraft or overdraft at your custodian bank.
The house bank decides on the approval of the overdraft.
To obtain an overdraft, the account holder must have 18 years and regular pay for the overdraft facility. As a rule, the account owner does not have to provide any security. The current account credit is usually three times higher than the monthly net salary, but can also be set differently by the owner.
The current account credit is usually repaid when the bank account is covered again, for example, by the next collection by the account holder or by other deposits. A bank can dissolve the overdraft at any time. This usually happens when the incoming payments to the bank account change significantly, eg because the former pay is no longer paid, but the pay.
What is an overdraft suitable for? The overdraft facility is only suitable for short-term cash requirements. In the longer term financing of larger purchases, the borrower should choose another form of loan, such as a installment loan. Because their conditions are better compared to overdrafts.