A Credit Bureau-free instant loan with an immediate acceptance is not part of the current range of offers from a foreign bank that is allowed to legally grant Credit Bureau-free loans in Germany. The preliminary credit check of a Credit Bureau-free loan can currently only be carried out via a credit broker.
Credit Bureau-free instant credit with instant approval – offers without Credit Bureau
Hardly any loan is as well known as the loan without Credit Bureau, which has been advertised with a wide range of advertising slogans for many decades. A Credit Bureau-free instant credit with instant approval is one of the modern advertising slogans.
A normal instant loan is approved under simplified test conditions and is therefore quickly available without much effort. The credit providers offer an additional service through the online credit check. The “hit rate” of the preliminary loan approval is remarkably good. If the prospective customer has given truthful information and receives the preliminary promise, then hardly anything can go wrong.
The quality of the immediate approval is based on the fact that the lender himself carries out the credit check according to his own current lending criteria. Data security is also guaranteed as much as possible. Data may not be passed on, it is reserved exclusively for the eyes of a reputable credit institution. Serious therefore – who founds a bank in Germany has to invest about five million USD until he receives the necessary license. Nobody jeopardizes this money by working dubiously.
Advertising for Credit Bureau-free loan offers – serious?
A Credit Bureau-free instant loan with immediate approval can only come from a credit broker. As far as is known, only one credit institution grants legal foreign loans without credit to prospective customers from Germany. The credit bank itself offers neither an instant loan nor an instant check.
The online loan application and the preliminary credit check are thus carried out automatically in the house of the credit intermediary – on his server. Testing can only be based on general experience. No financial institution in the world publishes the precise test criteria. A look into the crystal ball is whether the loan approval is correct. A real risk is given by consent to the disclosure of the data. A credit broker, business according to § 34 c, does not grant the loan himself. He cannot work without the data transfer.
Of course, there is no general answer to whether a particular credit broker works seriously or not. At least there is a risk of encountering a data dealer. Registering the business only costs 25 USD. Depending on the municipality, obtaining the permission according to § 34 c also costs around 1,500 USD. Given the low cost, the loan could, legally, only be advertised to inquire about the most intimate of current financial circumstances.
If you don’t care about the risk, you shouldn’t be surprised if one day you can’t even order online. Credit agencies that also provide the information for the credit check of online shops could use this data quite legally. A Credit Bureau-free instant loan with an instant promise does not bring the desired benefits of an ordinary instant loan. Anyone who makes such an application is now at least warned.
Apply for credit free of risk without additional costs
As already mentioned, as far as is known, only one foreign bank currently offers legal credit without Credit Bureau. All previous options were swept off the market by BaFin (banking supervision) or the financial crisis. The loan from Lite Bank could be conveniently applied for via an established credit intermediary, such as Best Lender.
Alternatively, without additional agency fees, directly from the credit bank. The corresponding applications are available for download. If questions arise, telephone support is guaranteed to solve the problems – without a service number. This service is more meaningful than it can be a Credit Bureau-free instant loan with immediate approval via third parties.
The current loan offer in the summary
A loan without Credit Bureau is generally only offered for two loan amounts. The repayment is always made in 40 monthly installments. Only those who have been employed by their employer for at least one year can qualify for a loan. In addition, no garnishment of wages or entries in the public debtor register may exist. The following minimum income refers to a single person with no maintenance obligations. The annual percentage rate includes all credit costs for non-cash payments, but no third-party costs.