Good Finance offers its customers a variety of credit options, ranging from the short-term compensation of liquidity bottlenecks to long-term real estate financing. Special offers such as the CashCard and the car loan are also included in the product range. Good Finance itself is one of the largest banks in Germany and has had one of the densest branch networks in Germany since the merger with Dundes Bank. Each Good Finance loan can therefore be applied for in one of the numerous branches, which, depending on the offer, also entails changes to the conditions.
Loans for every purpose: direct and instant loan
Not earmarked and therefore suitable for many options are disposable and instant loan. The former is a discretionary loan, for which a checking account at Good Finance is necessary. A credit line is most suitable as a consumer loan for short-term financing. The customer can access the loan at any time by means of the provided credit line and repay it flexibly, depending on current income. The checking account is thus virtually kept in target. It should be noted, however, that for this Good Finance credit relatively high interest rates apply, which is why it should be claimed only for short periods. For this purpose, only the amount on the day exactly interest, which was also really used. The amount of the credit line is determined by the regular income.
If larger purchases are to be financed, the immediate loan is more suitable. This Good Finance loan is a typical installment loan with corresponding conditions: the effective interest rate of 5.99% to 12.99% is based on a borrowing rate of 5.82% to 11.30% plus a processing fee of 3%. The contract period is freely selectable in a range of 6 to 84 months, but of course also depends on other factors such as loan amount and installments. The maximum loan amount for this Good Finance loan is 25,000 USD. However, this amount can be extended up to 50,000 USD, if the application takes place in the context of a personal conversation in the store.
Debit Credit and Credit Card in One: The CashCard
This offer is aimed primarily at customers who travel a lot and also do not want to give up on the payment options on a certain mobility. The CashCard is virtually a take-away loan and can be used or repaid in a similar way. Free part and full repayments are possible at any time. A special feature is the optional residual debt insurance: This takes over the purchase price on the Internet, the full purchase price, if a product was not delivered or damaged. This residual debt insurance also includes the usual benefits such as death and disability benefits. An insurance is only useful, if higher amounts are to be claimed through the CashCard. The maximum for this Good Finance loan is 20,000 USD.
Finance mobility: the Good Finance car loan
This special offer is aimed at customers who want to finance a new or used car through a Good Finance loan. The contract period can extend over 12 to 84 months, is in principle freely selectable, but is also made dependent on the amount of credit and installment. The borrowing rate of 2.00% to 8.62% is committed over the entire term. In addition to the processing fee, this yields an effective interest rate between 4.99% and 9.99%. The maximum amount that can be used with this Good Finance loan is 75,000 USD.