Those who cannot get a German installment or consumer loan often go in search of alternatives. A small loan without Credit Bureau from abroad could be the solution. In this context, however, it would be very important to make a comparison and pay attention to whether the lender is serious or makes unrealistic promises that he cannot keep in the end.
Small loan without Credit Bureau in comparison – the requirements
A small loan is usually spoken of when the loan amount does not exceed a few hundred or a few thousand USD. A small loan, however, is a completely normal installment loan, which the borrower is almost always free to use. Cream bank customers who have poor Credit Bureau information and / or a low income have almost no chance of getting an installment, consumer or small loan.
A small loan without Credit Bureau from abroad requires a regular income, but does not require positive Credit Bureau information. A small loan without Credit Bureau in comparison can provide more detailed information on this and other issues.
Small loan without Credit Bureau in comparison – application and approval
Most loans without Credit Bureau are available through a German credit intermediary. Alternatively, there would be the option to contact the lending bank directly. However, an application on site is not necessary. When choosing a suitable lender, it is important to pay attention to whether they require any upfront costs or fees for credit counseling.
In this case it would be better to look for other alternatives. A reputable lender will include the fees incurred when applying for a loan and during the term in the monthly loan installments and will not collect the customer in advance.
After the application is made, it is checked whether the borrower meets all the requirements. If this is the case, the small loan can be paid out within a few days. This can be done by bank transfer or cash payment. The latter variant provides maximum discretion and guarantees that neither the house bank, nor the employer or anyone else will find out about the loan. The repayment can also be handled discreetly. A bank transfer or direct debit would be just as conceivable here as a cash payment at the post office counter.