According to the credit portal smava seven out of ten husbands and wives to take a loan alone. What many people don't know: couples who complete a loan together, pay an average of 21 percent less interest.

The reason: The Bank benefits from a second borrower per household, the spouse brings to the Bank more security. The risk of default decreases.

read more: With a second borrower of the loan will often be cheaper

adhere to "Whether a new car, the winter garden extension or a new kitchen – if a joint purchase is pending, it may be worthwhile from a financial point of view, a common credit. You should take out a loan, alone or together, but only if you can pay it back safely. Because of the joint loan, both spouses are liable,“ says Alexander Artopé, managing Director of the financial portal smava.

compare Cheap loans now free (display)

for this Purpose, the online portal gives an example: a loan of € 25,000 with a term of 72 months, married couples on average paid 21 percent in 2019 less interest – cost savings of 579 euros.

Not only the Bank benefits of joint borrowers: the Potential borrower can usually expect with longer maturities and higher loan amounts.