Installment loan for the self-employed


Those who are self-employed have to accept a number of disadvantages as well as many advantages. Especially when it comes to applying for credit, banks are usually a bit reluctant. Many credit institutions only offer their loans to private employees. However, there are definitely ways to get an installment loan for the self-employed.

Requirements for an installment loan for the self-employed

Requirements for an installment loan for the self-employed

As with employees, the creditworthiness of self-employed and freelancers is a crucial point when it comes to lending. However, the credit check for self-employed is much more complex than for salaried employees. This is one of the reasons why some banks are reluctant to lend to the self-employed. Another reason is that the self-employed do not have a regular income.

Since the self-employed do not have proof of salary, other documents are required for the credit check. In addition to the last two income tax statements, most banks also require a current business analysis and a profit and loss account. The bank uses these documents to determine whether there is enough income to pay the monthly installments. In addition, the Credit Bureau data is also queried for self-employed persons. In order to get an installment loan for the self-employed, there must be no negative entries here.

Difficulties with installment credit for self-employed people under two years of age

Requirements for an installment loan for the self-employedDifficulties with installment credit for self-employed people under two years of age

It is particularly difficult to get a loan right after starting your own business. At most credit institutions, installment loans are only granted to self-employed people if the borrower has been self-employed for at least two years. There is a lower risk of default here than with newly founded companies, which usually generate less sales.

However, new founders have the option to obtain an installment loan for self-employed people via so-called start-up loans. These are also issued by the state credit institution for reconstruction. In addition to low interest rates, the repayment modalities are very moderate. The term can be up to 10 years and the loan can even be made repayment-free during the first two years. A loan can be applied for from almost all banks and savings banks.

Apply for a personal installment loan for the self-employed

Apply for a personal installment loan for the self-employed

In recent years, loans from private lenders have become increasingly popular in the country. In the United States, personal loans have long been one of the best known ways to take out a loan. The self-employed, in particular, benefit from the fact that, unlike a bank, lending is a lot less bureaucratic. After successful registration, the loan project will be put online.

The borrower can specify the amount he needs and the desired interest rate. If there are enough donors for the project, the loan amount will be paid out within 48 hours. Loan amounts of up to 50,000 USD are possible. The borrower can choose between 36 and 60 months. A fee of 2.5 percent of the loan amount is charged for the placement if a term of 36 months is selected. with a term of 60 months, the placement fee is 3.0 percent.

However, there are certain prerequisites for the self-employed even with personal loans. On the one hand, these require a Credit Bureau without negative entries. At least a Credit Bureau credit rating of H is required for registration. Furthermore, independence must have existed for at least 2 years and the annual turnover must be at least 18,000 USD.

Loan for self – employed persons without credit check.

As a self-employed person, it is not easy in Germany. Nevertheless, the number of self-employed is growing steadily. Terminations, short-time work, one of our jobs, lower wages for inflexible working hours and a poor working atmosphere are some of the reasons why more and more people are starting their own businesses. And if you still have a good idea and a reasonable business plan, nothing stands in the way of the adventure of independence.

It’s a shame if the path to success at a bank threatens to fail. The self-employed are considered a risk group in Germany, since economic highs and lows hit the self-employed in a special way. As a self-employed person, bad economic conditions often hit you hard, making it impossible to repay installments. As a result, many banks find it difficult to provide self-employed loans at a good interest rate, especially if the loan is to be granted to self-employed persons without a credit check.

Loan for self-employed persons without a credit check

Loan for self-employed persons without a credit check

Nevertheless, there are ways to get a loan for the self-employed even without a credit check. Foreign banks in particular, so-called direct banks, are market leaders here. They guarantee many self-employed loans on favorable terms. They discovered a gap in the market there and, particularly as a result of the economic developments in recent years, found that some employee relationships do not necessarily promise a safer payment of the installments than is the case for the self-employed. The job, which was often believed to be safe, fell victim to savings and the installments could also not be paid.

For many direct banks, the self-employed are not considered a risk group, but rather a large customer base. The offers of the direct banks are very different for a loan for the self-employed without a credit check. A tin rate of 5% up to 10% should be expected. The advantage of many of these offers is clearly the long term of the loans. This term also ensures that the self-employed can pay the installments, even if the income fluctuates and is not always as high as expected.

Fill out the loan application online

Fill out the loan application online

The main advantage of internet offers is the fast and mostly also very reliable processing. You can simply request a free individual offer on the Internet and also easily compare different providers and offers in this way. The respective offers are absolutely non-binding. After you have entered your desired loan amount, you specify how high you want the monthly installments to be. Then you can choose what is particularly important to you. Favorable rates, low interest, quick settlement or the possibility of early repayment?

After entering your personal data, you will receive your individual offer shortly afterwards, simply and conveniently by email. The data is encrypted during transmission, so you don’t have to worry about it getting into the hands of other people. After receiving the offer, you can easily compare the different interest rates, rates and terms and choose the offer that suits you the most.

Other ways of getting a loan as a self-employed person without a credit check would be to designate a person who agrees to the bank to assume the guarantee. Even then, the self-employed person receives a cheap loan, for example from their own bank.

Quick loans – which one to choose?

Whether we like it or not, today’s time is all about money. Everything costs something and each of us has to set our individual or family budget according to our income and average expenses. If you are one of the happier ones, you probably manage to put some money aside and save for worse times. However, there are also those among us whose finances are, so to speak, “tight”. Any unexpected expenses will then cause them to be in a state of temporary insolvency.

You have to pay, but you have nothing to do. It also happens to those of us who have a reserve, but its amount is not enough to cover the needs.

In acute cases, when, popularly speaking, “the roof is burning” there is not much time left to hesitate or wait until you finally get to the necessary amount of money. The situation must be resolved almost immediately.

Lenders are aware of this and you will find plenty of offers on the market called “quick loan”, “immediate loan” or “loan within 24 hours”. There are basically two types of credit products behind these names. These are either sms loans or fast online loans.

Whatever type you decide on, you can get to your money really quickly, without unnecessary delays and exhausting bureaucracy, and you don’t even have to leave the interior of your house or apartment when you use it.

However, it is also necessary to look at the other side of the coin and realize that there are certain differences and differences between sms loans and online loans that need to be kept in mind. Not every one of them is suitable and advantageous in every situation!

What is an sms loan?

What is an sms loan?

This type of loan is also called loans, because the non-banking company was the first to come with them, thus starting a new era in the loan market.

These are actually microloans for the very small amounts needed to cover temporary insolvency, most often just before the payout.

The maximum amount you can borrow varies from provider to provider, but on average it is around € 350. To get a better overview, we recommend this article with reviews of the top 5 sms lenders.

If you need more money, for example to pay for a major repair after a car accident, or to renovate a leaking roof, a loan is not the right solution for you.

Arranging an SMS loan is very simple. If you are applying for it for the first time, you must first register on the provider’s website, but if you repeatedly draw money, you can get financial help by sending one SMS message, for example on the bus during the trip to work.

In the current credit market, there are several providers of sms loans, which are fighting hard against each other. Thanks to this, today most of them offer the opportunity to obtain the first loan completely free of charge to attract new clients.

We can consider this a great advantage. In practice, this means about the fact that when you apply for a loan for the first time, you will only have to repay as much as you borrowed. Zero interest, zero fees!

So if you really only need to borrow once, these “special” offers can be used very nicely. However, if you are interested in borrowing a second or third time, you have to reckon with the fact that it will no longer be free.

And here we come to important information: SMS sms are really the fastest way to get money at the moment, but the average amount of total repayment, ie RPMN, is in the thousands.

However, considering the fact that you only borrow a small amount and the repayment period is only 30 days, you don’t have to worry about an “unmanageable” amount being refunded.

Nevertheless, we appeal to your common sense: before you apply for an SMS loan, consider whether you are really able to repay the borrowed amount with interest by the due date. Fifteen or thirty days is really short time!

If you are not sure that a large enough amount will run into your account for a problem-free debt settlement, you should avoid this type of loan with a wide arc! It could quite easily happen that an executor will knock on your door.

What is an online loan?

What is an online loan?

In principle, it is a very similar loan product to a loan, but only in the sense that you can process it quickly, without unnecessary paperwork and waiting for approval. All you need is a computer with an internet connection. You fill out an online loan application and you can have the money in your account within 24 hours after its approval.

Unlike an sms loan, however, you have the opportunity to get much higher amounts, not just a few tens or hundreds of dollars. The amount of the total repayment is significantly lower than with sms loans, so it is clearly much more suitable if you need to borrow a higher amount, in the order of several thousand dollars.

However, we recommend it, for example, even if you urgently need a high amount – for example, 350 dollars – which they would not lend you at the bank. And for one simple reason: most banks have set up so-called consumer loans. the minimum amount of principal at 600 to 650.

So if you need to borrow the mentioned 350 dollars, for example, for a summer vacation, an online loan is the ideal solution for you. Through an SMS loan, you would overpay this amount unnecessarily (in addition, as a new client, they would not even lend you so much for the first time) and the bank would “paint” them and twist their noses.

TIP: The parameters of online loans are different for different providers, but if, for example, you apply for a loan through our online form, you can actually borrow money from a few hundred up to 5000 dollars.

With an online loan, you can also set the repayment period that suits you best in a clear loan calculator. For example, you can repay the entire loan within a few months, but you can also spread the debt repayment over several years in regular monthly installments.

If you also add the exact amount you intend to borrow to the mentioned calculator, you will see exactly how much you will repay the entire loan. You don’t have to worry about any hidden fees – what the calculator throws at you, you will really pay for.

With an online loan, you do not have to prove the purpose; in the vast majority of cases, non-banking companies will not even knock you over in the credit registers. They will provide you with money without a guarantor or other form of security, or even without proof of income.

Advantages and disadvantages of loans

Advantages and disadvantages of loans

Of course, each case is assessed individually and with higher borrowed amounts or if your creditworthiness is too low, you will unfortunately avoid liability and proof of income.

Advantages of sms loans:

  • Possibility to borrow small amounts in tens of dollars
  • Speed ​​- new clients will receive money within 24 – 48 hours of sending the application, regular clients within a few hours
  • In most cases, they will not check you in the debtors’ register
  • You do not need to prove the purpose
  • You do not need to document receipt
  • You don’t have to go anywhere – you can arrange the first loan behind the monitor of your computer or tablet and repeated requests via sms message wherever you are

Disadvantages of sms loans:

  • If you are a new client, you can borrow only minimal amounts (on average from 80 to 100 dollars)
  • Even as a regular client, you will not get high amounts (the upper limit is around 350 dollars)
  • You repay this type of loan high – the RPMN is much higher than with online loans
  • They are repaid in a lump sum = it is not possible to split the amount owed into several installments
  • Short maturity (maximum is usually 30 days)
  • High fees for extension of maturity or early repayment

Advantages of online loans:

  • Possibility to borrow higher amounts (from hundreds to several thousand dollars)
  • Speed ​​- the client usually has the money in the account within 24 hours
  • You do not have to prove the purpose of the loan
  • Providers will in most cases not lustrate you in credit registries
  • You don’t need a guarantor (but you can’t always avoid it, especially if your credit rating is too low)
  • You do not have to submit an acknowledgment of receipt (attention: with higher loan amounts, they will ask you for it!)
  • Significantly lower RPMN compared to sms loans
  • You can set the due date yourself and it can be set for several years
  • Distribution of installments = you will repay at regular (most often monthly) intervals
  • Convenient equipment from home – just a computer with internet connection

Disadvantages of online loans:

  • Most providers do not allow you to borrow micro-sums in tens of dollars
  • Higher interest rates and fees compared to bank loans
  • High fees for extension of repayment period or early repayment
  • You can avoid liability and proof of income only for small amounts
  • If your payment morale is low, it will be reflected in significantly higher interest rates

Next day non – guaranteed loan

Unpredictable and non-standard situations sometimes occur in the lives of each of us. In addition to psychological stress, they can also cause a very unpleasant “draft in the wallet” or even temporary insolvency.

You need to pay expenses that you didn’t take into account when calculating your current budget, but you have nothing to do with it. Expressed in the dictionary of financiers: your liquidity is zero!

Pay for an expensive repair 


Did you have an accident with a vehicle that, unfortunately, you did not have accident insurance? The problem is in the world! You have nothing to pay for an expensive repair and you can’t do without a car for a long time due to work duties!

Someone in your family got more seriously ill, and because of that you dropped out of work for a month and your washing machine broke down? Again, a nut that’s hard to crack if you haven’t saved any iron reserves at the moment!

These are all situations where, as the saying goes, “it’s not about life”, but there are also bigger “misfortunes” and then the amount that you don’t currently have, but you really need, can increase to three-digit numbers. In such cases, many times the only solution is to borrow the necessary funds.

SOLUTION: Apply for the fastest loan “within 24 hours” for everyone by simply filling out an online form. The amount you can borrow ranges from hundreds of euros to buy baby equipment or bridge the period before payment to thousands of euros to put out the larger financial fires that have affected you.

Short-term non-purpose loan to a bank


One way to get out of cannabis is to apply for a suitable short-term non-purpose loan to a bank. However, banks do not provide debt money on a good word. Before they lend you any money, they will first knock you out. They will find out if you belong to the category of creditworthy clients, ie how high is the probability that you will repay the loan properly and on time.

They will also check you in the credit registers to make sure that you do not figure in them as an undisciplined debtor who does not fulfill his obligations to other creditors.

Today, the banking and non-banking registers are already interconnected, which in practice means that banks and non-banking companies exchange data important for assessing the client’s creditworthiness.

Yes, even non-banknotes sometimes look in the registers !. However, unlike them, banks always check you in the registers.

TIP: If you apply for the fastest loan within 24 hours for everyone in one of the companies we work with via our online form, you can be sure that no one will rate you according to your “payment history”. Alternatively, if they even “knock” you preventively and you have a negative record there, your chances of ignoring it are quite high.

Applying for a loan concludes that your creditworthiness


If the bank you are applying for a loan concludes that your creditworthiness is too low to obtain a loan, it will simply not approve your application. There is nothing left for you but to straighten your frustrated head and try your luck at applying to another bank.

However, if you are not creditworthy enough for one bank, the probability of obtaining a loan in another bank is practically very low (although, even in this case, the exceptions confirm the rule).

But don’t throw a shotgun into rye! If you haven’t walked in any bank, your opportunities are far from exhausted.

You can apply for a loan to one of the many non-banking companies operating in the Slovak market. However, not all of them have a 100% reputation, so your caution is appropriate.

SOLUTION: On our website, we have solved the problem of verifying non-banking entities for you. We only work with serious and trustworthy companies. You can apply for a loan without the need to document the purpose and, in addition, without any liability tailored to your situation, via this online form.

But let’s go back to the banks for a moment. If you are one of the lucky ones for whom the bank approved the loan, you must, of course, take into account that this business will be covered by a guarantee. From the bank’s point of view, this is one of the options for securing the obligation to repay the funds provided by it on the basis of a loan agreement.

Not all loans provided by banks are necessarily covered by guarantees. This is especially true if you borrow lower amounts where the risk of the borrower’s inability to repay the loan is significantly lower or even negligible.

The disadvantage is that such unsecured loans tend to be more expensive – banks set higher interest rates for them due to their riskiness. However, when concluding loan agreements for higher amounts of funds, banks need a guarantee, so to speak, unconditional! You can’t avoid her!

What can actually be guaranteed for loans and borrowings?


The first alternative you may encounter is real estate liability. We know this type of guarantee and we have it connected primarily with arranging mortgage loans for the purchase, construction, or reconstruction of a house or apartment.

However, real estate can also be guaranteed with a so-called American mortgage, which is also one of the ways to solve your current unfavorable situation in a situation where you need to obtain money without documenting the purpose of its use.

An American mortgage is actually a type of non-purpose loan in which you guarantee real estate to ensure its repayment. The establishment of real estate is and always will be one of the “safest” forms of liability for the bank.

However, if you are unable to pay the interest and repayments of such a mortgage loan, the bank has the right to reach out to your property on the basis of alien.

People are increasingly using refinancing of loans

An outstanding consumer loan, a recently obtained loan for the reconstruction of old housing and the payment of monthly installments for various appliances, even such items can become part of high expenses and require a substantial percentage of your financial resources. You regularly have to spend large sums of money on your monthly budget to pay for various installments, but this will not be the only complication that involves multiple repayments.

Repaying several loans at once brings other unnecessary problems that you simply cannot avoid until you find any easier way to cope better with these obstacles. A huge problem in such a situation is the large number of checks, invoices and contracts, the need to remember several different repayment dates, and the problem that occurs in the event of a lack of money can also be quite unpleasant.

Applying for a loan, the purpose of which will be the ability to repay other other loans and consolidate them into one loan, is a completely current phenomenon in the country today, and an increasing number of consumers are opting for this simplifying option. There are several perfect benefits of refinancing loans, on the basis of which customers do not hesitate at all and immediately decide to facilitate the fulfillment of their financial obligations, which they have taken on more than is currently manageable for them. Fortunately, the current state of the credit market offers one interesting and very effective way to consolidate and get your debts under control.

The way in which all users of multiple loans can cope better with their debts at the same time is called refinancing or merging loans. The principle of this light mechanism is to present an advantageous option how the client can pay with one loan all the others, which bother him and cause him complications. Thanks to such a merger, you will only be responsible for a commitment to one company, which will save you money, better manage your budget and manage more sophisticatedly in the future.

How does refinancing work?

How does refinancing work?

The refinancing of loans (or even the so-called consolidation of loans) can be characterized as an objective reassessment of the current customer’s economic situation and the subsequent use of all available and advantageous options for financing loans. In practice, this means the overall unification of several loans under one dominant one, which can replace all previous liabilities, and the total amount provided will serve to fully repay the remaining installments with one difference, which is relieving the user. The essence of this special service is not only the acquisition of another customer, but also the analysis of his situation and the smooth management of solvency.

Refinancing is almost always connected with the transition of clients to a new provider, which will suggest the most advantageous consolidation loan prepared exactly for its individual financial needs. The problem can arise when leaving previous creditors, because almost all providers protect themselves with at least some fees against early repayment precisely because of the complete loss of the customer. Failure to comply with the general terms and conditions as presented by the financial institutions is not the main reason for imposing sanctions.

Benefits of refinancing

Benefits of refinancing

1. Lower monthly installment – The biggest advantages of refinancing must clearly include the provider’s ability to objectively reassess the customer’s financial condition and the subsequent creation of a new regular installment, the amount of which will be significantly lower than the previous amount calculated from the average of several installments. This factor indicates a high benefit for each customer, who may have no problem prosecuting the repayment of several financial institutions at the same time, but may face a serious financial problem and therefore refinancing is an appropriate solution to reduce its high expenses by at least a little.

It certainly can’t damage the client’s budget in any way, so it’s time to think about a great chance to save some money, which will help everyone without a difference in economic security in today’s challenging period. The consolidation of loans brings several interesting elements that are attractive to clients, but the possibility of paying significantly less and even limiting the total number of creditors to one is undoubtedly the main reason for deciding on refinancing.

2. More efficient financial management – It is quite logical that if we have less demanding responsibilities ahead of us, we have a better overview and we can handle complicated situations with much greater enthusiasm. The same is true when dealing with financial resources and dealing with expenses, as you can manage more efficiently unless you are burdened with paperwork, dates and numbers.

Repaying multiple loans at once involves multiple due dates as well as multiple transfers made or multiple mail visits to pay checks. Thanks to refinancing, you can successfully avoid such unpleasant matters and completely minimize them, which will bring to life a more sober view of the overall financial events around you. Chaos is often a big rival to savings, so we boldly recommend consolidation as an improving tool for managing and controlling the money cycle.

3. Only one creditor – The great positive of merging loans into one aggregate is certainly the repayment of the amount owed to only one provider instead of several different ones, which of course involves less administrative matters and probably less stress experienced due to the accumulation of obligations and liabilities. Therefore, the most ideal solution is to repay a maximum of one loan and not add additional unnecessary financial commitments in order to maintain oversight and payment discipline.

Often these are new products that attract you based on the purposeful advertising activity of sellers, and then you take out another loan so that you can own such a product. Thinking ahead and being responsible for your own wallet probably play a secondary role in such an emotional moment. However, obtaining additional loans is not necessary, as refinancing can provide a sufficient amount, so you will get more of your dream products at once and you will only pay for one provider for all of them.

Loan refinancing is becoming an increasingly popular phenomenon among the population, and this consolidation option is being used as the most unrivaled tool to simplify the financial and administrative burden associated with repaying several loans at once. Although the formal approval of loan refinancing poses minor obstacles to the final agreement with the creditors you are leaving to compete with, it always pays off in the end, despite its disadvantages, as it undoubtedly has the ability to make life easier.

In order to be able to go through the entire repayment period without any problems, it will be important to think carefully about all the details regarding the specific parameters of the loan, so that you do not encounter any obstacles at all and can repay everything properly and on time. Therefore, clarification of the ability to cover the amounts to be repaid on a monthly basis should be a priority for any borrower. In any case, it will not be at all a sensible decision to look for another loan until you have completed the repayment of another, because such an action can get you into confusing situations, which give rise to payment insolvency. Something like this should only happen if absolutely necessary, and if that happens, we strongly recommend that you look back for consolidation loans as soon as possible.

To handle all financial claims related to repayment, we recommend choosing a proven provider that has a rich portfolio filled with good services.

Combining several loans to one

Combining several loans to one

A great product with which you can get up to $ 1,500 equally suitable for refinancing your outstanding amounts is an immediate loan within 24 hours available to all applicants able to meet the unpretentious criteria required for approval. Quick and easy equipment of the available product, all from the comfort of your home through this online application.

Loan for marginal employees.

Minor employees earn no more than 400 USD a month. The costs for taxes and social security are borne by the employer unless they are accounted for using an income tax card. Minor workers can be workers who earn extra money in the evenings or on weekends. But Social Welfare recipients or housewives can also pursue marginal employment. But what about a loan for marginally employed people?

Loan for marginal employees

Loan for marginal employees

Anyone interested in a loan must prove an income that is well above the garnishment-free amount. Minor workers have no such income. If you are single, have Social Welfare and do a minor job, you do not need to ask for a loan. It is completely impossible to find a bank that approves such a loan.

Things look different with spouses. If one of the two has a regular employment relationship and has a corresponding income and a positive Credit Bureau, there is no problem for him to get the loan approved. Under certain circumstances, only the spouse’s marginal employment is included in the calculation if a salary alone is not sufficient.

Loan for marginal employees with a surety

Loan for marginal employees with a surety

Even with a guarantor, a loan with a low income will not be possible. Anyone who earns only 400 USD cannot make installment payments. In addition, the amount is significantly lower than the attachable income. A bank only grants a loan if the monthly cash inflow is significantly higher. It will also be difficult to find a guarantor for such a project at all.

Peer to peer loans

Peer to peer loans

Under this system, private individuals lend, not banks. If the banks refuse a loan despite their positive creditworthiness, there is the option here to take out a loan. Here too, however, the income must be sufficient to be able to repay the required installments. It is true that with a positive credit rating, members are more willing to grant a loan, but there is also no loan for marginally employed people without a working spouse.

The best-known providers of such loans are Across Lender and Spin Lender. Of course, it is up to everyone to ask for a loan here if the banks have declined. However, it is not very likely that members will agree to a loan request. In principle, a sufficient salary is always required for lending. If this does not exist, neither a bank in Germany nor abroad grants a loan for marginally employed persons without further security from the spouse.

Loans without Credit Bureau information.

A loan without Credit Bureau information is easier to get than you think. Of course, you should avoid going to the bank, because German banks only provide loans with Credit Bureau. Of course, you can also get a loan from a bank without Credit Bureau information, but you have to be able to show huge assets or have been a customer with a large bank account for years, whereby the advantage of a loan is not really logical with these people, their money increases on the account, where a loan costs.

Why is there no loan at German banks without Credit Bureau information?

Why is there no loan at German banks without Credit Bureau information?

A bank is an economically minded company. That’s why a bank doesn’t want to make losses. In other words, a bank will only grant a loan if it is certain that the borrower can also repay the loan amount. A bank will therefore examine every loan candidate to such an extent that the risk of default is minimized.

Only if you examine the prospective creditors and know how they have dealt with money in the past, with the help of Credit Bureau information, can you get an idea of ​​who borrows money from the respective bank. After that, a bank will decide whether you are creditworthy or not. Only those who have positive Credit Bureau information will be granted a bank loan.

Where else can you get a loan without Credit Bureau information?

Where else can you get a loan without Credit Bureau information?

There are numerous providers on the Internet who literally throw information around with loans without Credit Bureau. One should always remember that these providers are only credit intermediaries. There are many dubious offers, where you have to provide all your data when creating the offer, and also have to pay a fee if a loan application is rejected. Therefore, one should examine a loan provider for seriousness before concluding the contract and at the same time consider many providers and their offers.

Only after lengthy research can you find the best provider for your own needs and get the best conditions. Of course, it is more difficult to get good conditions in the online area than at banks. However, if you are looking for a loan without Credit Bureau information, you have to be satisfied with these worse conditions. But there is another way to get a loan.

The loan when buying directly

The loan when buying directly

However, this loan is not a loan in the direct sense. It arises when you decide to buy a property in finance. Nothing else happens, such as an intermediary financial institution intervening and granting the buyer a loan that is passed on directly to the trading company. For small purchases, such as a washing machine, you do not need a Credit Bureau. For larger purchases, such as a car, Credit Bureau information is usually necessary.

However, you can avoid this by paying at least a 20 percent down payment. Most dealers will then refrain from providing Credit Bureau information and grant the loan. Of course you can also get a loan from a private investor. However, one has to be aware that if the loan is acquired for a company or other commercial activity, the investor can have a say.

Credit without co – applicant.

Anyone who wants to afford something big these days, such as the purchase of new furniture or electrical equipment, the purchase of a car or the construction of a house, usually chooses a loan. To do this, however, creditworthiness must first be confirmed, and this is exactly what has become very difficult in today’s time when one financial crisis is chasing the next. Especially those who want a loan without a co-applicant are carefully checked for financial liquidity.

Above-average income makes independent credit possible

Above-average income makes independent credit possible

The number of applicants who want a loan without a co-applicant is increasing. Because nowadays the idea of ​​independence is particularly strong among many, nobody wants to constantly have to justify whoever vouches for them. In addition, people’s trust in one another is also decreasing, which is also due to the many negative experiences that are often largely exploited in the media and the general financial crisis.

In principle, applying for a loan alone is not a problem. A good Credit Bureau and a permanent job with a very good income make the loan possible. Banks are particularly impressed by professions such as teachers and doctors. The prerequisite here, however, is that the borrower is single and has no children.

No independent loan with partner and family

No independent loan with partner and family

However, if a married person wants a loan without a co-applicant, there are often difficulties. Because in a marriage, a person can be liquid, but the partner has already run high loans, is in debt or can be classified as a credit risk even without work. For this reason, banks almost always insist on the signature of the spouse for married borrowers.

Families with children must also have a particularly high income because the child’s livelihood is always included in the creditworthiness check.
It is easier if the desired loan amount is kept low. Here, banks are often less strict and are happy to approve a loan without a co-applicant.

A loan is not always advisable

A loan is not always advisable

Therefore, it is more advisable, especially as a family member, to discuss the loan request with one another and to apply for it together. If the credit is not granted due to the poor Credit Bureau or unemployment of the partner, then perhaps the urgency of the chalk should also be considered.

Because everyone who gets borrowed money has to pay it back. A new car or chic furniture and expensive televisions are often very tempting. But you can only buy what you have money for. If there is a financial risk in the family, this remains even with a loan without a co-applicant and can later lead to problems with the repayment.