If you are looking for an instant loan without Credit Bureau with an immediate commitment, banks in Germany are the wrong address for the application. Only selected banks in German-speaking countries outside Germany such as Fine Bank from Liechtenstein have instant credit without Credit Bureau for German loan seekers in the product portfolio.
The Credit Bureau of the loan applicant plays no role in the credit rating. That is also what makes the Credit Bureau-free loan so popular with German customers. The instant loan without Credit Bureau with immediate approval offers the possibility to take out a small loan despite a negative Credit Bureau.
Anyone who is in permanent employment and can demonstrate a seizeable income fulfills the essential requirements for the granting of loans without Credit Bureau on the part of the bank. Of course, Credit Bureau-free loans are always interesting for people whose Credit Bureau is flawless, but who want it to stay that way. If you are looking for a small side loan that no other bank can find out about, this product, which the Liechtenstein bank offers, is ideal.
Immediate credit also possible with a negative Credit Bureau
The negative Credit Bureau entry is not relevant for the Fine Bank from Liechtenstein. Foreign banks that grant Credit Bureau-free loans only get information from the public debt registers. Because of this, it can happen that loan seekers who have already sworn affidavit in court do not get an instant loan. Of course, loan seekers who want to take out an immediate loan without Credit Bureau with an immediate commitment must prove their creditworthiness to the bank.
However, these loans are only small loans of a maximum of 5,000 dollars, so that proof of a permanent position that has existed for at least one year and a resultant attachable income is sufficient. Those who have no work or earn so little part-time that their income cannot be attached have little chance of a Credit Bureau-free loan. The bank generally does not accept sureties or other physical collateral.
Why Credit Bureau information is not provided
While Credit Bureau information from customers and their current income situation are important for lending to German banks, Fine Bank from Liechtenstein is sufficient to provide proof of permanent employment and attachable income. It is important here that the permanent position has existed for a year. Those who are only briefly at their employer have no chance of getting the Credit Bureau-free loan.
Borrowers pay higher interest rates
An instant loan without Credit Bureau with an instant commitment, which can be conveniently applied for through a credit agency, always has higher credit costs than a comparable loan from German banks. The Liechtensteiner Bank lets the borrower pay the higher risk through higher interest rates. In addition, borrowers have to pay the intermediary a commission for the successful loan brokerage. However, the commission is not a one-off amount. It is apportioned to the monthly installments.
For whom Credit Bureau-free loans are suitable
Many German consumers believe that Credit Bureau-free loans are only of interest to borrowers who cannot get a loan from German banks because of their poor Credit Bureau. But this is not always the case. There are also good reasons why instant credit without Credit Bureau with instant approval is also interesting for consumers with top credit ratings.
If, for example, Credit Bureau has to stay clean because a property loan is planned to be taken shortly or an official loan is soon to be taken out, the instant loan without Credit Bureau is the perfect secondary loan. With Credit Bureau-free loans, not only is Credit Bureau not obtained in advance, but the loan is not subsequently reported to Credit Bureau as a current loan either. Despite the existing loan, the Credit Bureau remains immaculate, so that larger loan projects can also be realized in the future without any problems.