A loan without Credit Bureau and proof of salary can only be realized if a few things are observed. It can be said from the outset that the implementation of this difficult loan request poses problems. The loan without Credit Bureau is usually sought by people who have negative entries in their Credit Bureau, but also by consumers who do not want their credit to be known to their bank.
This is usually done when a major financial project is being planned and the consumer does not want to lower his credit rating with a loan. But the majority of customers are looking for a Credit Bureau-free loan because of the negative features that make a loan from a normal German bank almost impossible. Each bank carries out a Credit Bureau query before a loan approval. The information provided by Credit Bureau is fulfilled by the credit check. If Credit Bureau is conspicuous, the bank classifies lending as a risk and will reject a loan without Credit Bureau and proof of salary. Nevertheless, there are ways of realizing the loan.
The loan without Credit Bureau and proof of salary
In many cases, it is self-employed people who cannot provide proof of salary. But the regular incoming income is one of the most important credit criteria alongside the clean Credit Bureau. In order not to exclude a self-employed person from lending at once, there are alternatives and to secure the loan, the naming of a guarantor or a co-applicant. The unemployed and students who need a loan are in the same dilemma. An unemployed person receiving unemployment benefit is not recognized by the banks as income because it cannot be attached.
Each credit is checked for creditworthiness and the economic background of the applicant is also checked. The people who are eligible for a credit without proof of salary are those who do not work because of their wealth. The assets may be invested in such a way that they cannot be used spontaneously. For example with closed funds. These could be partially seized to secure the loan or blocked for dispositions. In this case, the bank does not incur a loss if there is a credit default. The amount of the loan will then depend on the amount of the security.
The foreign loan
In general, it can be said that a credit without Credit Bureau and proof of salary is often the last resort to get out of the financial financial crunch. The negative Credit Bureau entry and the lack of proof of salary are reasons for many banks to refuse the loan. One way out could be the foreign loan granted by a Swiss bank. However, the demonstrable income must be presented for this loan. The loans are only granted to employees. For example, the self-employed cannot receive these loans.
Finding a reputable loan offer requires a little patience. The internet is full of advertisements for the Credit Bureau-free loans, but behind this advertising-heavy information is usually only credit brokers. There is also only one foreign bank that grants these loans. This is Best Bank, which is based in Liechtenstein. But the name Swiss credit has retained this credit. This bank does not advertise itself, it can only be found with one page on the Internet. On the page you will find the current interest and information material as well as a loan application that can be downloaded.
The Credit Bureau-free loan can only be approved if an income from an activity subject to social security contributions can be proven. Loan security is the income that is seized if there are defaults. This bank does not offer an alternative as a guarantor or property security. There must also be an open-ended employment contract; the employment relationship must have existed for one year. The loan amount is limited. There are 3,500 USD and depending on the creditworthiness 5,000 USD. For a loan of more than 3,500 USD, there must be an income that can be attached to at least 80 USD. The public debt register is also queried. If an affidavit is entered there, the loan will be rejected. The age limit is 58 years.
In summary, it can be said that a loan without Credit Bureau and proof of salary can neither be realized by an installment loan nor by a private loan. Nevertheless, there could be a credit opportunity, this possibility is feasible for everyone, the pledge loan. In the case of a loan without Credit Bureau and proof of salary from the pawnbroker, credit protection is assumed based on the value of the deposited pledge. A pawnbroker does not ask about income and will not check the creditworthiness of the loan seeker. He determines the value of the pledge and pays the equivalent in cash.