Product Overview

Personal Loan – Brokered by Smava


A personal loan – brokered by SMAVA – can help you meet your diverse financial needs. Be it easy finance for a holiday, quick funds to take care of last-minute wedding expenses, medical emergency or just cash to buy a car, a gadget or any other payments.

SMAVA (stands for Smart Value), an online marketplace, offers a simple way to get a personal loan online with a minimum of paperwork. Based on a wide range of online credits with different terms SMAVA helps you to find your best credit.

Smava gives you an overview of 70 loans from more than 20 leading credit banks and online lenders (mostly German-based) and also private borrowers (= social lending, „Privatkredit“). For any help with your loan, you can reach out to one of 200 loan advisors.

The key benefits of a Smava-brokered loan are:

  • very good loan offers and conditions from many banks on one single website
  • safe data transfer (SSL- encryption) and data protection (TÜV certified)
  • online document submission possible
  • neutral SCHUFA request: your loan application does not affect your credit score
  • possible credit amount from €500 and up to €120,000
  • online calculation of credit costs according to the wanted credit amount and lifetime


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Interest Rate (Loan)

from 0.4% / year

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Eligibility Criteria in order to apply for the loan:

Are you eligible for a Personal Loan? Here’s what you need to know about personal loan eligibility.

To apply for a loan you have to meet at least the following requirements:

  • Majority age (= full legal age, minimum 18 years)
  • (Registered) Residency in Germany
  • Bank account in Germany
  • Sufficient regular income (Employment or self-employed or pension)
  • No negative entries in your SCHUFA (German credit score)


Full benefits of a loan through Smava:

  • safe data transfer (SSL- encryption) and data protection (TÜV certified)
  • free use of the Smava-website
  • online document submission possible
  • very good loan offers and conditions from many banks on one single website
  • neutral SCHUFA request: your loan application does not affect your credit score
  • a minimum of effort
  • possible credit amount from €500 and up to €120,000
  • online calculation of credit costs according to the wanted credit amount and lifetime
  • no physical and personal securities required
  • prompt delivery of contract documents per post / physical mail / online
  • non-binding credit requests; it is up to you to finalise

You might also be interested in credit cards (see overview here):

DKB VISA credit card GermanyMastercard Gold for free

How to get your personal loan – What to do


Your loan application on SMAVA – in 3 steps

You get relevant loan offers on your request in just 3 easy steps – without any costs or obligation. It is up to you to accept the loan offer.

  1. Your requested loan

Smava offers you a loan corresponding to the usage, the term and the amount of the loan.

While not necessary it could be of advantage to name an additional borrower, especially when a large amount of money is needed. Of course this additional borrower has to have a sufficient income, too.


  1. Personal data

Here you are requested to enter your personal data and your contact details. This is important to give you an individual offer. To evaluate your individual loan please give information on the number of members of the household; amount of income; amount of rent; monthly expenses and liabilities; employment relationship.

This information will be used only to verify your salary certificate. At no time your employer will be asked, contacted or informed. You are free to get a residual debt insurance; it is no obligation, just an extra offer. Finally name your bank account for your loan payment. With this you can prove your German bank account.


  1. Getting loan offers – concluding the loan contract

Directly after you have provided all required data you will get convenient loan offers. All offered loans are freely selectable straightaway.

The offered loans are sorted according annual percentage rate, monthly rate and borrowing rate.

Choose your favourite offer and enter „Online-Antrag“. In some circumstances a Smava-adviser will offer help (for free).

Your data will be used only for your credit application.

Start here

Which documents are required?

The bank standards demand for the most part:

  • Gehaltsabrechnungen = payslip
  • Kontoauszüge mit Gehaltseingang = bank statements showing job payments 
  • Kopie des Arbeitsvertrags (bei Angestellten) = copy of your employment contract 
  • Steuerbescheide = tax bills (in case you are not employed), to prove income (for self-employed people and others who can not prove their income with payslips)

(You may find it helpful to read the list of explanation of German words below: Glossary)

Glossary (German/English technical terms)

German Term English translation
Berufliche Angaben job information
Absicherungsoption Option on Payment protection/ insurance
AGB Standard business terms, the conditions of a contract
Anzahl kindergeldberechtigter Kinder Kindergeld = child benefit, an amount of money that the government gives to families with children (Number of children you get child benefit for)
Arbeitslosigkeit Unemployment, job loss
Arbeitsunfähigkeit Sick leave, disability, inability to work
AUSGABEN expenses
Bankverbindung Bank account, bank details
Berufsverhältnis job, profession; employee or self employed/ freelancer
Arbeiter, Angestellter Rentner, Beamter
Beschäftigungsdauer Job tenure; if less than 3 years it will be necessary to give additional information
Collateral Something (physical) pledged as security for repayment of a loan, to be forfeited in the event of a default
Darlehensnehmer borrower; just you or an additional borrower (“zweiter Darlehensnehmer”)
Effektiver Jahreszins annual percentage rate (APR): the annual cost of a loan to a borrower including fees. Like an interest rate, the APR is expressed as a percentage. Unlike an interest rate, however, it includes other charges or fees such closing costs, discount points and loan origination fees.
Einnahmen Earnings; the money that you earn from your work
Erste Rate fällig am The first payment will be due in …
Fester Sollzinssatz Fix borrowing rate
Fremdverpflichtungen, die man ablösen will. Replacement of old debt by new debt
Gebühr Fee
Kreditantrag Borrowing request, request for a loan
Kreditgebühren see effektiver Jahreszins
Nachweispflicht Obligation to produce proof, e.g. copy of an employment contract
Nettoeinkommen net income; the amount that remains after everything has been taken away from it ( e.g. taxes) = monthly net income
Persönliche Angaben personal data
Ratenschutzversicherung Payment protection
Ratenzahlung repay a loan
Todesfall, Unfall, Arbeitsunfähigkeit, Arbeitslosigkeit  Death, Accident, Inability to Work, Unemployment
Unterlagen Documents, records
Vertrag/ unterschriebener Vertrag contract, deal, here: loan / signed in person
Wohnart Rental flat = Mietwohnung; Wohneigentum = home ownership;  living with your parents = bei den Eltern wohnen
Wunschkredit credit amount
Wunschlaufzeit life/period of a loan
Zinsen Interest rate: refers to the annual cost of a loan to a borrower and is expressed as a percentage