Credits

Credit without proof of creditworthiness

Nowadays, loans are often no longer granted without proof of an appropriate credit rating. Many banks and savings banks require proof of regular income and positive Credit Bureau information, which makes finding a suitable loan particularly difficult for people with a low earned income or a negative Credit Bureau.

Online loan

Online loan

In recent years, the situation on the market has somewhat “eased” and, under certain conditions, the borrower can alternatively use a loan without Credit Bureau, a negative Credit Bureau or a credit without proof of credit (credit-independent credit), which is completely based on the income statement and the Credit Bureau waived information. Such loan offers can certainly be found on the market, increasingly with online and direct banks on the Internet.

Since there are also several options for borrowers today to take out a loan without proof of creditworthiness, the contract should never be concluded without a previous comparison on the Internet; financial portals on the Internet support the borrower in comparing several offers by offering a loan calculator for an objective comparison ,

Take out a loan without proof of creditworthiness 

Take out a loan without proof of creditworthiness 

When comparing credit-independent loans, the borrower’s income or Credit Bureau information is irrelevant. For this reason, the interest conditions for the loan are defined via the desired term and the required loan amount. Borrowers who choose a short term have a clear advantage, especially when this is combined with a small loan amount.

Short terms and low loan amounts are associated with a low risk for the lending bank; due to the lower capital commitment, the best possible interest rates are granted here. Due to the waiver of the proof of income and the Credit Bureau information of the borrower, borrowers have to adjust to a higher interest rate level than with “normal” loans. Offers with attractive interest rates can still be found.

When looking for a loan without proof of creditworthiness, as under “conventional” conditions, a comparison of several offers is essential. Numerous financial portals on the Internet offer the borrower the opportunity to learn more about the conditions of the individual providers. In practice, loan calculators help you find the best deal.