The instant loan in 24 hours without Credit Bureau should be the perfect solution if loan seekers really need more money than they currently have available. But which banks grant an instant loan in 24 hours without Credit Bureau? It is always foreign banks that make such offers to German consumers, or credit intermediaries who advertise them. Banks abroad grant loans without obtaining the Credit Bureau information from the applicants in connection with the credit check.
These banks determine the creditworthiness of customers solely on the basis of the demonstrable attachable income from a permanent position. But that also means that the Credit Bureau-free loan is in principle only something for people who can prove a regular income in attachable size. These loans are also not particularly large amounts of credit that can be freely selected. It is a small loan with an amount of 3,500 or 5,000 dollars. The Credit Bureau-free loan is perfect for consumers who need a little liquidity in the short term, for example to pay an invoice for a car repair or an operating cost supplement.
Where can I apply for the instant loan in 24 hours without Credit Bureau?
Loans of this type, which come exclusively from foreign banks, cannot usually be applied for directly from the bank. Consumers who want to take out a loan without Credit Bureau because German banks do not give them a loan should contact a credit agency. The credit broker forwards the request for a preliminary check to the relevant foreign bank. The Credit Bureau-free loan, however, is somewhat more expensive in terms of interest and fee costs than a loan of the same amount from German banks.
The explanation is simple: the Swiss banks have the higher risk they take if they leave Credit Bureau out of the equation by paying correspondingly high interest rates. In addition to the higher interest rates, there is the brokerage commission that each borrower has to pay to the credit broker. Overall, borrowers regularly pay significantly higher borrowing costs if they take out an instant loan in 24 hours without Credit Bureau. Therefore, loans without Credit Bureau from abroad are only recommended if there is no alternative.
What should be considered when choosing the credit intermediary
When it comes to the loan without Credit Bureau, consumers should not blue-eyed inquiries from the first best broker, but should obtain information in advance about the offers of various credit brokers. There are hundreds of credit intermediaries active in the German market. However, some of them are not really serious. This can be seen, for example, if the credit intermediary asks the applicant for money before the credit brokerage takes place. Consumers should keep their distance from such providers. There are also reputable credit intermediaries like Bon Kredit. They promise an instant loan in 24 hours without Credit Bureau, but only charge the commission if they are really able to arrange the loan.
The placement rate of credit intermediaries is relatively high, but is far from 100 percent. Many consumers with negative Credit Bureau request a loan without Credit Bureau, even though they are not creditworthy. Those who have no work, who are self-employed or in training and still studying have no attachable income. But that is the basic requirement for successful loan brokerage. Even the best mediator cannot help if the requirements are not met.
If you do not have the necessary requirements, you should make every effort to find a credit broker who can provide you with the loan you want without Credit Bureau. Although there are enough promises of this kind on the Internet, where it says in advertising, we also provide credit in difficult or hopeless cases. But these are just empty promises. Credit brokers who advertise in this way have no intention of brokering a loan. They want to make money from people’s despair. They then try to sell the loan seeker insurance or home loan contracts that are said to be security for the loan. In reality, they only care about the commission. There is no credit brokerage.
Instant credit in 24 hours without Credit Bureau – but the money comes later
Anyone who believes that such offers result in the loan being paid out within 24 hours will be disappointed. The 24 hours relate exclusively to the approval. An application will be processed and approved within 24 hours. It always takes several days for the borrower to have the money.