No matter whether bank or savings bank, every credit institution is obliged to carry out a legitimation check when applying for a loan. On the one hand, the borrower must assure that he will only use the loan to be applied for private or business interests, on the other hand, he must make a declaration that he is acting in his own economic interest. The bank must then verify the identity of the customer. For this purpose, only the identity card or passport, but in no case other documents of the borrower are permitted.
Loan with a provisional ID card
A loan with a provisional ID card is somewhat more difficult, ie if both the ID card and the customer’s passport have expired or even been lost. However, since a provisional ID card is also an official document, it is generally possible to obtain a loan with a provisional ID card. It can be helpful here to also submit an official registration certificate from the responsible residents’ registration office.
In most cases, however, the credit institution will insist that the borrower submit the final identity card as soon as possible, either in original or as a copy. The decisive factors for or against the approval of a loan application are rather parameters such as the Credit bureau information, a credit check and the submission of proof of income. These also serve to clarify the identity of the applicant.
However, a provisional ID card can be a possible reason for refusing credit requests. If, for example, you would like to apply for a consumer loan or an installment loan in a department store, the identification number of the provisional ID card could be too short, so that the target fields in the request system of the respective credit institution cannot be exhaustively filled out. Furthermore, a loan with a provisional ID card can be rejected for online loans for reasons that cannot be defined in more detail.
Online loans are another special case
If an applicant is fully employed and has a median income, he can normally take out a loan with a provisional ID card of up to USD 20,000. However, if the loan is an installment loan from a department store or mail order company, the upper limit of the loan is usually set at around USD 2,000. In addition to the parameters listed above, the so-called scoring points are decisive for the actual classification of the borrower when applying for a loan with a temporary identity card.
Online loans are another special case. In the case of the same, it is usually not possible to present the original identity card – regardless of whether provisional or final. In such cases, the Postident procedure is carried out. The same can be done at any post office in Germany and only requires a small amount of time. So if you want to apply for an online credit with a temporary ID card on the Internet, you only have to present it to the respective post office for legitimation. The counter clerk will then verify the identity of the borrower and return the entire loan documents to the bank with a note.