Many people find themselves in an emergency, and they need quick financial help. However, this can become a nightmare when a loan is needed, but the banks refuse to apply for the loan. There can be various reasons for this, either the person seeking help already has one or more loans to repay.
However, it may also be that bankruptcy was filed and the bank refused the loan because of this. Many unemployed people also come in emergency situations, and they can rarely be granted a loan. But what are the future borrower’s alternatives?
Credit Bureau-free loan offers
Since loans are reported to Credit Bureau in Germany, local banks can ask whether the applicant already has loans or even Credit Bureau entries, as well as the creditworthiness and whether he is creditworthy. If the applicant already knows that he has little chance of getting a regular loan, he still has options to get a loan. How about a loan with no credit rating from Switzerland?
Since many foreign banks do not request Credit Bureau information, the chance of getting a Swiss loan cannot be bad. The approved loan is also not registered with Credit Bureau. The applicant would have already cleared the first hurdle and is well on the way to getting a credit from Switzerland without a credit rating. But here too there are banks that check the creditworthiness of the applicants, then wage or salary slips must also be submitted for the application, as well as the current account statements.
How do you apply for a credit with no credit rating from Switzerland?
Swiss installment loans are offered through so-called credit intermediaries or brokers. However, one should know that the interest payable on a loan with no credit rating from Switzerland is generally higher than the interest in Germany. Well advised are those who, in purely arithmetical terms, consider the amount that has to be repaid as a loan amount. So you can decide in advance whether you want to make these commitments or not.
Once the decision has been made to apply for a credit from Switzerland without a credit rating, the intermediaries will search for suitable banks and convey the mandatory conditions to the applicant. Another condition is imposed on the person who wants to apply for a Swiss credit without a credit rating. Anyone applying for a Swiss loan must be between 18 and 58 years old.
What should you pay attention to?
Anyone who applies for a Swiss credit without a credit rating should also keep an eye out for the lenders. As everywhere, there are black sheep in Switzerland who want to capitalize on people’s plight. Therefore, you should not take the first best offer euphorically. Rather, one should compare the lenders, what installments are to be paid and what interest does the borrower have to pay? Reviews on the Internet that often allow a valid conclusion about the individual providers should be observed by the borrower. This applies not only to Swiss loans, but also to all other loans that are offered without Credit Bureau entry.
How do Swiss financial experts see themselves?
They advertise that they can offer financial inquiries 100% free of charge. Even non-binding inquiries without completion remain free of charge. The financial experts also offer fast and discreet processing of credit inquiries. You should also know that the loans often only have a few thousand USD. Nevertheless, an interest rate of up to 15 percent is due for a relatively small loan amount. This percentage is well reflected on the loan amount. And since these Credit Bureau-free loans still want their collateral, a wage assignment is provided if necessary. If the borrower can no longer meet his payments, the lender can get his share back
In addition, such loans are associated with high processing costs. But you can choose between different terms or a suitable rate, which can tailor the loan to the applicant. Most lenders also do not question the intended use sustainably, this is largely left up to the borrower. These Swiss loans are also ideal as so-called side loans, which may be able to support an existing loan financially.
All in all, the applicant should check very carefully whether he can afford the additional monthly expenses, otherwise it can happen that a bargain of credit quickly turns into a cost trap.