Consumers who want to apply for an instant credit online without Credit Bureau often wonder if this option is available if they do not yet know the procedure. There is a lot of talk about Credit Bureau-free loans on the Internet, but hardly anyone knows someone who has actually already used a Credit Bureau-free loan. So – of course it is possible. Our article deals in detail with the subject of instant credit online without Credit Bureau information. We have researched and reported what a loan without Credit Bureau costs, what advantages it has, what risks there are and where it can be applied for.

Apply for an instant loan online without Credit Bureau – free service provided by credit intermediaries

Apply for an instant loan online without Credit Bureau - free service provided by credit intermediaries

Borrowers with experience in online credit know the good service that is offered by German banks. A free online loan comparison provides a quick overview of the currently cheapest loan offers from banks operating in Germany. With just one click, you can proceed to the loan application form after making your selection. The application can then be completed online and then sent immediately. After the transmission of personal data and the credit request, the creditworthiness of the loan applicant is checked immediately at the bank. If the creditworthiness is given, the customers receive a preliminary loan approval within a few minutes. It can hardly be more time-saving and effective, so that more and more loan seekers are now only applying for loans online.

The concept of success according to which the direct banks work here is of course not uninteresting for the branch of credit intermediaries. Loan-seeking consumers who want to apply for an instant loan online without Credit Bureau are now almost as comfortable. You save a lot of time by eliminating labor-intensive and time-consuming processes such as the postal route. With the help of modern technology, it is no longer a problem for credit intermediaries to pass on customer application documents to partner banks. As a result, Credit Bureau-free loans are now processed much faster than was the case a few years ago. It is therefore right to speak of instant credit online without Credit Bureau today.

Instant credit online without Credit Bureau – an interesting offer

Instant credit online without Credit Bureau - an interesting offer

Most loan offers for Credit Bureau-free loans from credit intermediaries relate to the special offer of a bank based in Liechtenstein. Customers can also apply for the loan directly online from the bank because the application documents are stored online on the bank’s website. However, they must then be printed out and completed and forwarded by post, which takes a long time. The way through the credit intermediary, which in the end also costs agency commission, is more promising in any case because a preliminary check takes place. Hopeless requests are not forwarded to the bank.

Unfortunately, the Credit Bureau-free loan is not quite as fast as online credit from German direct banks. There is still a lot to do for credit intermediaries and partner banks to give consumers the opportunity to process their instant credit completely online.

The facts about instant credit without Credit Bureau

The facts about instant credit without Credit Bureau

If you are still interested in these offers, here are the facts. 3,500 dollars or 5,000 dollars are offered. The term is set at 40 months. The annual percentage rate is regularly well over ten percent. In addition, there are the costs for the loan brokerage, which go to the broker but have been apportioned to the monthly rate.

Those who are not necessarily dependent on a Credit Bureau-free loan because German banks refuse should refrain from these overpriced offers. The loan without Credit Bureau is an expensive loan. In addition, not all brokers work seriously, so that many loan seekers are ultimately disappointed because they do not get a loan but have taken out unnecessary insurance.

Important to know

Important to know

For the instant loan without Credit Bureau, the Credit Bureau of the loan applicant does not matter, but it must still be creditworthy. A Credit Bureau-free loan is only granted to people who are employed and can show permanent employment that has existed for at least one year. Unemployed or Hartz 4 recipients, but also students and trainees as well as self-employed and freelancers are not the target group to whom such offers are directed.