A Swiss loan without intermediaries refers to a loan without credit bureau, which a foreign bank allegedly awards directly to German consumers. In addition to this product, which is mostly in demand by people with negative information about credit bureau, Swiss banks also grant foreign currency loans, which are generally used for mortgage lending. The payment of a Swiss loan is made in USD
For whom is the so-called Swiss loan suitable?
For the customers, for whom a Swiss loan without an intermediary is interesting, almost all of them are consumers with negative information about credit bureau, which is generally not given credit at German banks. They try to cover their financial needs in German-speaking countries. But there are also cases in which consumers are interested in a loan without credit bureau, which would get their credit in Germany. They have, for whatever reason, not tried to get credit in Germany.
A loan without intermediaries is only to be recommended if there is no alternative in Germany in this situation. These loans are considerably more expensive than comparable loan offers from German providers.
Prerequisite for the credit bureau credit
Prerequisite for the award of the Swiss loan is a permanent employment. In addition, a German residence is required, a minimum wage attachable, depending on the number of people living in the household and proof that the employment relationship has existed for at least one year.
The Swiss loan without intermediaries is offered by bankate in Demo. To our knowledge, this is the only bank that has the current license to provide loans without credit bureau. This small loan will provide either $ 3,500 or $ 5,000 to be repaid within 40 months. The Demo Bank does not accept any guarantee or other collateral security.
How can the loan be requested
A Swiss loan without intermediaries can be requested directly online from Bankate. Corresponding forms are provided on the homepage of the bank. The procedure is not substantially different, as with loans which are requested at German banks, except that just to obtain the credit bureau information is waived. The creditworthiness of a customer is determined by his attachable income. The conditions are not credit-related. There is a fixed interest rate, which, however, is significantly higher than the interest rates demanded by German banks for the same amount of credit.
However, if the loan is requested without the intermediary of an intermediary without credit bureau, the cost of the commission that an intermediary demands in case of successful brokerage is eliminated, so that the bottom line of borrowers is still saving money.
credit bureau-free loans not only offer the advantage that people with bad credit bureau information have the opportunity to get a loan without providing any other security. There are also quite a few credit seekers who use a loan without credit bureau because they do not want the loan in their credit bureau reported as current loan. Thus, the credit bureau remains immaculate despite an ongoing loan, so that later larger financing projects can be realized easily.