Immediate credit means that the loan is approved and paid out immediately. With many banks on the Internet, this is possible if the required documents are submitted. These banks have very precise rules for approving a loan and whoever fulfills them gets the loan approved immediately.
An instant loan without Credit Bureau information from Switzerland or Liechtenstein
Each German bank makes an inquiry to Credit Bureau as to whether it has an impact on the approval of the loan or not. Borrowers who do not want to be asked by Credit Bureau need a loan without Credit Bureau, which is offered by banks in Switzerland or Liechtenstein. However, there are some restrictions that only make the loan interesting for a very specific clientele. First of all, the financing needs should not be too high. Most banks only grant a loan of 3500 USD. A small, used car can be bought with it or a vacation trip is also possible. If you want to renovate your house, you’re already reaching your limits.
Another requirement is a secure job. Anyone wanting an instant loan without Credit Bureau information as a student does not need to try it, it will be rejected. The job must have existed for at least one year and the minimum earnings must be 1130 USD. The credit rates are usually limited to 40. If the documents are submitted (usually the proof of wages of the last three months is sufficient), the instant loan will be approved and paid out without Credit Bureau information.
Banks also approve a loan despite Credit Bureau
Strictly speaking, the following option is no longer an instant loan without Credit Bureau information, because a normal bank always asks Credit Bureau. However, if the entry is not so serious, it is often overlooked and the borrower can still get a loan. The borrower must be careful with the credit costs, because these often increase with the risk and so he should compare the individual providers in advance. The borrower can also ask in advance in forums whether this is really an instant loan without Credit Bureau information, because many approve a loan application very quickly, so that the money is immediately in the account.
Before applying for a loan from the bank, it makes sense to do a little research about which banks are eligible. This means that the borrower can make a selection in advance and does not have to blindly make any applications to banks, which may then be rejected.
A loan from a guarantor
Some situations simply do not allow instant credit without Credit Bureau information. In this case, only the guarantor will help. If you know a friend who is ready, you can go to the bank with them. An instant loan can no longer be mentioned here, because it takes some time for the guarantor to be checked and for it to be included in the loan application. It only makes sense to order a guarantor if it does not have a negative entry and of course he must have a regular income.
The guarantee can also be limited in time under certain circumstances. If the situation is likely to change soon, the guarantor may be released from his duty. However, it can still happen that he is obliged to pay if the borrower later gets into payment difficulties. The guarantor and borrower should also contractually protect each other so that the guarantor remains at the expense if the borrower should die. So life insurance makes perfect sense.
Simply take out a personal loan
Many do not want to take out a personal loan and refuse to ask a friend if he lends them money. Borrowing money from a bank is impersonal and easier for many people. One way to get an instant loan without Credit Bureau information is online portals where people who have money to lend meet. The internet is a little more impersonal, making it easier for many people to borrow money this way.
On the other hand, personal contact is very important because many lenders want to know who they are dealing with before lending their money. This is especially true if it is a borrower who has had problems with Credit Bureau in the past. It is important here that the borrower describes the situation exactly. Then he can get a cheap loan here too.