For many consumers, what Swiss swiss loan without Credit Bureau query is all about is still a book with seven seals. Where can I get the loan without a Credit Bureau query, who can get it and what are the requirements? All questions that need an answer. We want to help you with our contribution to find out about Swiss credit without Credit Bureau query. In this way it can be quickly determined to what extent a loan without a Credit Bureau query is suitable for bridging a financial bottleneck.
Right away – there is more wind around Swiss credit. In fact, demand is limited. If you compare the number of loans that German consumers have, the number of loans without Credit Bureau is negligible. This is largely due to the requirements that borrowers have to meet if they want to take out a Swiss loan without Credit Bureau query.
The Swiss loan without Credit Bureau query comes from abroad – but not from Switzerland
Before the financial crisis broke out, there were a number of Swiss banks that provided loans without Credit Bureau for German consumers. In the meantime, BaFin has its hand on it and the Swiss banks have no license to lend to German consumers without Credit Bureau. According to our information, there is currently only one bank in Liechtenstein that offers the “Swiss loan”. The term as such will surely last for many years – even if the loan without Credit Bureau now only comes from Liechtenstein.
Ideally, consumers who want to take out a Credit Bureau-free loan should contact a reputable credit broker. It is not necessary to compare different offers in terms of credit costs. Fine Bank from Liechtenstein has the same conditions for all customers. What may differ are the costs that the credit intermediary charges. But it is doubtful whether this is worth the effort of comparing offers. It is much more important that consumers turn to a reputable credit agency if they want to take out a Swiss loan without Credit Bureau request.
Beware of dubious credit brokers
Untrustworthy credit intermediaries generally have no intention of providing credit to customers. They bet that desperate customers who badly need a loan will do everything to get the loan. They then sell them life insurance or home savings contracts or send them unimportant documents for expensive cash on delivery fees. Customers will not get a loan. The Swiss loan is not a loan for everyone. On the contrary, the requirements that must be met are quite strict.
If you want a Credit Bureau-free loan, you have to prove to the bank that you have been employed for at least one year and generate a seizeable income from it. The lender does not accept guarantees. The attachable income must generally result from an employment relationship.
Many consumers who want to take out a Credit Bureau-free loan cannot meet this requirement. The loan is often requested by unemployed or low-income workers who fall through the cracks. Untrustworthy intermediaries exploit this vulnerability to enrich the loan seeker.
How high the credit can be
The Swiss loan without Credit Bureau query is not available in any amount. The loan amount is limited to either 3,500 or 5,000 dollars. Credit Bureau-free loans are therefore only suitable for loan seekers who have a small loan. The loan must then be repaid in 40 monthly installments. There is also no option for the term. In the end, it is around the 100 dollars rate if a loan of 3,500 dollars is taken out.
If you do not get a loan from the banks in Germany due to a bad Credit Bureau, you should contact credit intermediaries such as Agree Bank or Across Lender if you have urgent credit requirements. These companies have a long-standing market presence, corresponding expertise and a good reputation in general.
Good to know – the Swiss loan without Credit Bureau query is always a little more expensive in terms of loan costs than offers from German banks. Fine Bank demands high interest rates for this small loan compared to the currently low interest rate level, which are well over ten percent.