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Bank loans in Austria

Priscilla

Hello,

Finances and banking can sometimes be a headache for many °µÍø½ûÇøs, especially when it comes to taking out bank loans.

Is it difficult for an °µÍø½ûÇø to get approved for a bank loan in Austria?

What are the types of bank loans available for °µÍø½ûÇøs (mortgage/bonds; business loans; car loans; personal loans; student loans)?

What are the general conditions for °µÍø½ûÇøs to take out bank loans (interest rates; timeframe to repay loans, etc.)?

Which bank in Austria is the most popular or accessible for °µÍø½ûÇøs regarding loans?

Would you normally require the services of an accounts manager at the bank in order to facilitate the process of taking out a loan? Is this service free of charge?

What would happen in the case of an unpaid loan if you have to repatriate back to your home country or move somewhere else?

Are there any other options for loans aside from the bank in Austria, such as taking out a loan from your bank in your home country, or other types of companies not affiliated with banks, that give out loans?

Thank you for sharing your experience.

Priscilla

See also

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SimCityAT

All Austrian banks are the same for °µÍø½ûÇøs, you just have to shop around for the best rates.
As for getting a loan, I have known lots of °µÍø½ûÇøs getting them, mortgages as well. I have been fortunate not to need one so I can't say on a personal level.