Many foreign banks offer an instant loan without Credit Bureau query. However, not all of these offers are serious. In addition, the loan terms differ in some cases considerably. For this reason, every person who is interested in an instant loan without Credit Bureau query should carry out a detailed instant loan comparison and only make a decision after this comparison.

Compare instant credit without Credit Bureau

Compare instant credit without Credit Bureau

An instant loan without Credit Bureau is not available in Germany, but only abroad. An exception are private individuals who voluntarily decide to grant a loan to another person. Foreign banks are only interested in whether the customer has a secure income. The Credit Bureau information is not requested.

The loan applicant should be of legal age, be a German citizen, have a main place of residence in Germany and work as an employee or civil servant. Under certain circumstances, pensioners can also get an instant loan without Credit Bureau query. However, many banks set an upper age limit that should never be exceeded when borrowing.

Application, approval and repayment

Application, approval and repayment

Every installment or consumer loan, regardless of whether it is taken out in Germany or in other European countries, must be repaid in monthly installments. The amount of the installments is agreed in the loan agreement. The same applies to the length of the loan term and the amount of the interest. An immediate loan from abroad can be applied for around the clock on the Internet.

A visit to a foreign bank branch is not necessary. If the customer’s income is sufficiently high and their creditworthiness is in order, the loan can be paid out within a few hours. For this, the customer can choose whether he would prefer a cash payment or a transfer to the checking account. To repay the monthly loan installments, a standing order can be set up or a cash deposit can be arranged at the post office counter.

Credit intermediaries and personal loans

Credit intermediaries and personal loans

Many credit intermediaries offer their services on the Internet. There are also private loan brokerage platforms that aim to bring prospective creditors and lenders together. However, these platforms do not act as lenders, but only act as intermediaries. Registration on such a platform is almost always worth it, because it is not so rare that people who cannot get a bank loan succeed with a private credit brokerage platform.

The same applies in the event that loan seekers turn to a reputable private credit broker. Care should be taken here that he does not charge any upfront costs or other fees without a loan being paid out at all. Of course, borrowing costs money. However, these costs should be included in the monthly credit installments and should not be specifically requested by the customer.

Anyone who has the opportunity to get an instant loan without Credit Bureau query from a person from their own circle of friends or relatives should make use of it. Here too, however, precise agreements must be made on the payment and repayment modalities, which must be observed by both sides.

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