Are you looking for a loan without credit bureau information from a reputable foreign bank? The article provides you with information on the credit bureau-free credit check, providers and credit conditions, as well as everything else worth knowing.
Credit without credit bureau information – credit bureau-free international credit
The search for a credit bureau-free loan turns out to be easy if the advertising is to be believed. Numerous completely different loan offers without credit bureau information promise the solution for almost every credit bottleneck. Whoever follows the buzzwords ends up on the side of a credit broker. It is not just a loan without credit bureau information that is promised. It can even be chosen extensively. An immediate loan without credit bureau information as a Swiss loan or an urgent loan without credit bureau for particularly urgent cases. Even bad credit loans have been advertised.
There are practically all credit intermediaries behind the numerous advertisements. A bank’s advertising is sought in vain. Nonetheless, at least at first glance, there seems to be a large selection of different loan offers and thus also credit banks. Unfortunately, this impression is deceptive. In 2009, a ruling by the Federal Administrative Court changed the credit bureau-free credit market. Until then, the largest provider of Swiss loans was prohibited from doing business in Germany.
As a result of the judgment, although it was only pronounced against one company, all credit providers suddenly disappeared from the market. As far as understandable, everyone lacked the decisive banking license for Germany. Only since 2010 has there been a legal credit bureau-free loan option again. As a result of the judgment, the credit bank was founded especially in Liechtenstein. As far as is known, all reputable loan offers relate exclusively to the Liechtenstein loan without credit bureau information.
With this knowledge, the many phrases threshed in advertising quickly vanish into smoke. It is sufficient to take a look at the Best bank website. There is no talk of an instant loan or an emergency loan. A loan without credit bureau is offered in two loan amounts, nothing else. If you want, you can apply for the loan through a credit intermediary as a 24-hour emergency loan. He receives the same credit bureau-free credit as with direct application. He only pays extra for the agent. The loan terms are the same for everyone. There are no special conditions for applications through a credit intermediary.
Credit check – loan without credit bureau
The credit check for a credit bureau-free loan works differently than for a normal loan with credit bureau. Only those who are subject to social security contributions can qualify for a loan without credit bureau. It is also assumed that the employment relationship has existed for at least 12 months. Proof can be provided, for example, using the income tax card of the previous year or an old statement.
In addition, the income must not be seized or ceded. Both will be checked. The last two salary slips and the corresponding bank statements must be submitted. (Originals not copies). The level of income also plays an important role in lending. The income must significantly exceed the seizure exemption limits. For a loan without credit bureau in the amount of 3,500, the net working income must exceed the garnishment limit by at least 80 USD. Parental allowance and child benefit, for example, do not count as income.
Another public credit rating for the loan without credit bureau information includes querying the public debt register. The directory in the applicant’s local judicial district must not have any entries. There is no credit without credit bureau with EV or with private bankruptcy.
Swiss credit without credit bureau – loan amounts and conditions
A Swiss loan without credit bureau – Liechtenstein loan can only be applied for in the amount of USD 3,500 or USD 5,000 net loan amount. For a loan of 3,500 USD, 11.62 percent effective annual interest will be charged if you apply directly. The loan is repayable in 40 equal monthly installments of USD 105.95 each. A total of 4,238 USD will be repaid for a credit bureau-free loan of 3,500 USD.
An effective annual interest rate of 11.61 percent is payable for a 5,000 dollar loan without credit bureau information. Again, the repayment is divided into 40 constant monthly installments. The monthly rate of this Liechtenstein loan is USD 151.35. A total of 6,054 USD will be repaid for a 5,000 dollar loan. The minimum income to be proven for this loan amount is significantly higher. A single person without maintenance needs to earn 1,600 USD net per month in order to qualify for this loan without credit bureau information.