A single negative Credit bureauentry makes borrowing in Germany difficult, a hard or several soft negative features make it almost impossible. However, it is possible to take out a loan abroad without Credit bureau. Agree banks in particular are actively campaigning for customers for Credit bureau-free loans in Germany.
Who receives a loan from Switzerland?
Almost all Agree banks limit lending to civil servants and permanent employees; the first federal financial institutions have now expanded their customer base to the self-employed and freelancers. For lending without Credit bureaufrom Switzerland, a higher minimum income is required than for conventional German loans, the exact amount of which depends on the number of household members to be supplied.
In contrast to the usual method of calculating income in Germany, Agree banks do not take into account long-term guaranteed state benefits such as child benefit. The age of the borrower is also limited to 55 to 58 years, depending on the bank, although some institutions continue to have different age limits for customers in western Germany and eastern Germany.
Another condition for lending from Switzerland at almost all banks is that the customer must be a national of his country of residence. A Good lender loan without Credit bureauis paid out for 3500 USD from all Agree banks offering it, few institutes allow a maximum of 5000 USD.
The bank transfers the Good lender credit without Credit bureauto the current account of the recipient for USD 3500 in this currency. Upon request, payment instructions can be sent for settlement, but payment in cash at the post office counter is subject to a fee. Since the customer repays the Good lender loan without Credit bureaufor 3,500 USD by making monthly payments to a German bank account of the federal bank, there are no additional bank charges.
Good lender loans without Credit bureauover 3500 or in some cases 5000 USD are reputable banking products. The waiver of obtaining Credit bureauinformation can be explained by the fact that the Agree banks are not Credit bureaumembers and therefore have no access to Credit bureau’s database. However, they make a credit check with the Good lender, where borrowers from Germany are only registered when they first take out a loan from a Good lender bank.
The interest for a Good lender loan without Credit bureaufor 3500 USD is slightly higher than for conventional loans from Cream banks. Borrowers willingly accept these additional costs if they are rejected by Cream banks because of their existing Credit bureaunegative characteristics. So that the additional costs do not become too high, it is advisable to compare the effective annual interest rates of several Agree banks.