Yes! You can use AI to fill out Selbstauskunft/ Vermögensaufstellung (Financial Self-Disclosure/Statement of Assets)

Applicants often enter their net pay into the gross income column or vice versa, especially when filling out the form from memory. This leads to a fundamentally incorrect assessment of their financial capacity and creditworthiness. A misrepresentation, even if unintentional, can result in the loan application being delayed or rejected. To avoid this, carefully refer to your official payslip, which clearly distinguishes between 'Brutto' and 'Netto' earnings.

It's common for applicants to forget to list smaller debts such as store credit, 'buy now, pay later' financing, or outstanding credit card balances. The bank will discover these obligations during a credit check (like a SCHUFA inquiry), and the omission can be viewed as a lack of transparency, severely damaging the application's credibility. To prevent this, gather statements for all credit cards, loans, and financing agreements before starting the form to ensure a complete and honest declaration.

The real estate section requires very specific data like the land register sheet number ('Blatt Nr.'), market value ('Verkehrswert'), and outstanding debt ('Restschuld'), which are not common knowledge. Applicants often guess these values, use outdated information, or leave fields blank. This forces the bank to halt processing and request official documents, causing significant delays. Before filling, collect all necessary property documents, including the land register extract ('Grundbuchauszug') and current loan statements.

Applicants frequently miscalculate or underestimate their monthly expenses, particularly for categories like 'Lebenshaltungskosten' (living costs) or by entering base rent ('Kaltmiete') instead of the required total rent including utilities ('Warmmiete'). This creates an unrealistic picture of their disposable income. Inaccurate expense reporting can lead to the bank approving a loan with monthly payments that the applicant cannot sustainably afford. It is crucial to review several months of bank statements to calculate average monthly spending accurately.

The form requests most income and expenses on a monthly basis, but asks for annual figures in other sections, such as the 'Jahresprämie' for insurance policies. A common error is entering a monthly figure in an annual field or failing to correctly divide an annual cost by 12 for the monthly expense summary. This error completely skews the financial overview and can invalidate the entire budget calculation. Always double-check the time frame required for each field (e.g., 'monatlich', 'p.a.', 'Jahres-').

The form requires the personal 'Steueridentifikationsnummer,' a unique 11-digit number assigned to every resident for life. Applicants often confuse this with the 'Steuernummer,' a different number issued by the local tax office that can change. Providing the wrong number creates administrative hurdles and delays the verification process. The correct 'Steueridentifikationsnummer' is printed on your annual tax assessment ('Einkommensteuerbescheid') and many official documents from your employer or tax office.

In the assets section for life insurance, applicants must distinguish between the 'Aktueller Rückkaufswert' (current surrender value) and the 'Voraussichtliche Ablaufleistung' (projected maturity value). People often mistakenly list the higher, future maturity value as a current asset, which artificially inflates their net worth. The bank will verify this with the policy documents, and the discrepancy will require a re-evaluation of the application. To avoid this, refer to the most recent annual statement from your insurance provider, which clearly states the current surrender value.

After navigating the complex financial sections, applicants frequently overlook the final pages containing crucial authorizations and signatures. Missing a signature, especially from a co-applicant, or failing to check a box authorizing the bank to perform a credit check renders the application incomplete. This is a simple but very common mistake that brings the entire process to a halt until the form is properly completed and resubmitted. A final, thorough review of all pages is essential before submission.

The form has separate sections for 'unterhaltspflichtige Personen' (persons one is legally obliged to support) and 'Kinder' (children), which can be confusing. An applicant might only list their children under 'Kinder' while also paying formal child support, failing to list them again as a financial dependent, or they may forget to list an ex-spouse receiving alimony. This leads to an incorrect calculation of their financial obligations and disposable income. It's vital to list anyone receiving maintenance payments under 'unterhaltspflichtige Personen' to ensure accuracy.

When detailing their employment, applicants sometimes omit critical information, such as the end date ('befristet bis') for a fixed-term contract. This may be an oversight or an attempt to present their employment as more secure than it is. Since job stability is a primary factor in risk assessment, failing to disclose a temporary contract is a major misrepresentation that can lead to immediate loan rejection or cancellation if discovered later. Always check your employment contract and accurately report the terms, including any end dates.