Are you looking for a loan without credit bureau, can you provide proof of your ability to repay? The article provides you with detailed information on the evidence of credit bureau-free loans and further background information.
Credit without credit bureau – proof
Almost nine percent of all adults in Germany have one or more negative credit bureau entries in their credit bureau excerpt. This prevents access to normal loan offers. Every negative credit bureau entry, even if the claim has already been settled, ensures that ordinary credit institutions refuse to credit. Anyone looking for a loan without credit bureau on the Internet is almost overwhelmed by advertising.
It almost seems as if every credit broker offers a special loan without credit bureau. Unfortunately, the published information about what evidence has to be provided for the credit bureau-free loan is often sparse.
In the case of a loan without credit bureau, evidence of personal creditworthiness is not dependent on insight into credit bureau. Proof of regular income is required. The last three salary slips are submitted. The original bank statements must also be submitted. They provide proof of regular salary payments and also a comprehensive overview of the regular payment obligations.
Loan without credit bureau – loan provider
The advertising battle of loan offers seems almost ridiculous when it becomes clear that there is only one legal special loan provider left. The loan offer without credit bureau came from best bank in Liechtenstein in December 2010.
Both the international financial crisis and the Bafin (banking supervision) all other credit providers have disappeared. The last competitor was good bank. However, she did not have a banking license for Germany and had to discontinue the offer in 2009. For a serious loan without credit bureau, the evidence is therefore always linked to the loan offer of the Liechtensteiner Bank.
Loans without credit bureau – offer and conditions
The current loan offer (as of October 2, 2013) enables two loan amounts. Both have a fixed term of 40 months. All additional borrowing costs are included in the effective interest rate if the application is made directly. The required proof of income depends on the living situation. The income statements below refer to single people.
In credit variant one, 3,500 USD in credit are granted. The APR is 11.62 percent. The loan is repaid at a monthly rate of $ 105.95. Proof of a monthly net income of at least 1,100 USD must be provided.
Credit option two allows a loan without credit bureau in the amount of 5,000 USD. The effective annual interest rate when using this loan offer is 11.61 percent. The monthly rate is therefore 151.35 USD. Proof of repayment ability can be provided by a monthly net income starting at around 1,600 USD.
Promotional offers for financing without credit bureau
The advertising for credit bureau-free financing is not always serious. Evidence of the bustling machinations of various credit providers is collected from consumer protection organizations. However, not everything that is considered unfair, immoral or fraudulent is illegal at the same time.
For a serious loan without credit bureau, the evidence is always the same. Offers that promise a Nice bank loan with no credit rating and no income are fictitious.