Small loans without credit bureau informationOn November 30, 2019 by Carol Miller
Therefore, one should rather speak of a small loan without Credit Bureau for pensioners. Often even without Credit Bureau information private loan comparison Installment Loan: Fast loans, even on a larger scale, can be availed with a installment loan: On the Internet, it is possible to obtain a small loan without Credit Bureau. As a rule, information from Credit Bureau is requested for every loan request. In this context, it should be noted that there are many other types of loans that are an alternative to small loans without a credit agency.
The credit without Credit Bureau information
If a borrower asks for a loan, the banks will check the Credit Bureau. The Credit Bureau query is an integral part of the creditworthiness check, in addition to the income and budget accounts in which the house bank checks income and expenses. This approach has a specific purpose: Credit institutions want to reduce their counterparty default risk. If a prospective loaner finds anomalies in his Credit Bureau, he will not receive a loan from a regular lender.
For this clientele, the loan is issued without Credit Bureau information. In this form of credit, neither the credit agency is consulted nor a credit is reported. Lending without Credit Bureau information is provided by financial service providers, so-called credit intermediaries. As the funds come from foreign banks, mainly from Switzerland, this loan is also called a Swiss loan.
What are the best offers?
These offers are offered by foreign banks specifically for German borrowers. However, the loan is not suitable for larger loan amounts. Depending on the creditworthiness, loans in the amount of $ 3,500 to max. $ 6,000 granted. Because there is no Credit Bureau query, the central bank calculates its increased residual risk with single-digit ten-rates.
For the audit, the National Bank requires a proof of income and a copy of the employment contract. Because the loan is only guaranteed income without credit, it must be high and the loan is subject to pay. If you can apply for a loan from a competitor with excellent credit, you will significantly increase your credit rating.
For the credit without Credit Bureau information must be selected from the variety of switching offers a reputable co-provider. Depending on their credit worthiness, the range ranges from $ 3,500 to $ 5,000. Foreign banks also grant more expensive loans, because not only must the creditworthiness be right, but also the individual requirements must be in order.
You should think about a loan without Credit Bureau information.