Many consumers have negative entries in the Credit Bureau and therefore have great difficulty getting a loan in Germany. Many who want to apply for a loan want to use it to make purchases or pay bills. Banks in Germany generally grant banks under two conditions.
There must be a perfect Credit Bureau and a regular income. If the creditworthiness is checked by Credit Bureau and it has negative characteristics, it will be difficult to obtain a loan. A possible alternative for these people is a Credit Bureau-free instant loan from Switzerland. This loan is especially for people who either do not want to negatively burden their Credit Bureau or those who already have too many negative entries.
Foreign banks do not plan to check Credit Bureau when lending. This works exclusively with German banks, so it doesn’t matter whether there are entries or not. The Credit Bureau-free instant loan from Switzerland is also known as Swiss credit and is increasingly being accepted in Switzerland.
In order to be able to receive the loan, banks do not provide Credit Bureau information, but not the high income that must be available. For example, the self-employed or unemployed cannot apply for this loan. Only those who receive their income from a non-self-employed activity and not social benefits will have opportunities at foreign banks.
What conditions must be expected?
The conditions for a Credit Bureau-free loan from Switzerland are often worse than for normal loans. But since many consumers in Germany have no chance of getting a loan, they accept the worse conditions. The interest rates are higher than for German offers, because foreign banks take a risk without checking the Credit Bureau. So you can pay for this risk with high interest rates. However, if you can demonstrate a very good credit rating, which is confirmed by the proof of salary, you can also expect good conditions.
Requirements for a loan
In order to be able to use the Credit Bureau-free instant loan from Switzerland, the applicant must be at least 18 years old and live in Germany. In addition, the employment contract and the latest bank statements must always be submitted. The better the salary, the higher the loan amount. If these conditions are met, the applicant can count on a promise from the bank and will either receive the loan amount in the current account or receive a check that must be cashed.