German Loan Applicants Warned: What Not to Tell Your Bank About Overseas Investments

Berlin, Germany – Polish financial advisor Katarzyna Jurczynska, known as PolkaKontraFinanseW Niemczech, recently shared advice for Poles living in Germany who are seeking cash loans. In a widely viewed online video, Jurczynska cautioned against revealing to German banks that the purpose of a loan is for investments or activities outside of Germany, such as building or renovating a home in Poland. According to Jurczynska, German banks prioritize an applicant's stable residency and financial ties within Germany. Disclosing an intention to use loan funds abroad, she states, can lead to an automatic rejection of the loan application. She noted that lending requirements for foreign applicants have become significantly stricter over time, making it more challenging to secure such loans compared to previous years. While some viewers in the comments section shared experiences of successfully obtaining loans for properties in Poland, Jurczynska maintained that current banking practices are more stringent. Her advice aims to help individuals navigate the complexities of German financial institutions.

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