Loan application – binding?
Hello everyone,
When you sign a loan application, it seems to be binding. Now, for example, the interest rates are even better, but the contract and disbursement have not yet been finalized…could you then cancel the application and request a new one with better terms? Probably not…right?
And what happens if the application is signed and binding, but not all conditions can be met subsequently, such as a partial deletion? Can the bank then withdraw, so to speak?
Thanks for the answers.
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Hi! A creditANTRAG is an application for a credit institution to issue a loan offer, i.e., first of all, only a “remuneration”.
Only the credit TREATY is an undertaking to grant a loan and, on signing by the borrower, the undertaking to fulfil the agreed terms of the lender.
What’s on your document, it must be, as it comes from the bank, then the credit contract. And yes, if you signed it, that’s binding. That interest rates are better today than at the time of the conclusion of the contract is simply your bad luck, but could have been different.
If you have not yet signed a loan agreement, go to the bank and discuss the topics, if necessary you can consider them.
The second topic is different: if you are unable to comply with relevant conditions for credit announcement, you will first be asked if you have made incorrect information and secondly you are threatening the bank to cancel your credit… if it already exists.
If you want to revoke (credit contract!), then you should have the contract checked as to whether a revocation can be successful.
Gruss
As a rule, you have a 14-day right to resign, but you can read it.
Yes, that’s why I meant the loan application is binding so the 14 days are also by only thought that is still something feasible because the contract is not yet available.
You have a 14-footed right of retrieval.
So if there are no benefits yet, you should get out of this contract.
Read the terms and conditions you got through.
Can one see that the signed application is already the contract?
You were informed about your right of revocation. And you signed that too. Did you read it?
Yes, I thought only as long as I did not have the contract and the conditions were not fulfilled. that the contract is still redeemable.
I mean it’s a little more complicated than a contract of purchase is not concluded until the seller has accepted the offer of the buyer.
This means you first submitted an application for the conclusion of a purchase contract. In my opinion, the bank has to accept this, but then it is valid. That means you have no influence on changing or canceling the contract unless you make use of your right to object.
Without guarantee!
An application is an application. Only when you get the promise will it be a contract (which must be signed again)