With a negative private credit information consumers are usually rejected by banks. This is true even with smaller loan amounts. A Swiss loan without private credit for 3500 Euro is available from credit agencies or directly from a bank abroad.
However, consumers need to meet very high credit requirements for a non-private credit loan with all lenders.
Swiss credit without private credit – credit model with history
A Swiss loan is by name a financial service originating in the neighboring country of Switzerland. More than 30 years ago, this type of loan was advertised by credit agencies in numerous daily newspapers.
Most credit intermediaries who offered this loan model were dubious companies. In a home visit, which was quite common at the time, the applicant was sold in addition to the loan agreement various insurance or capital-related benefits. Often, the travel costs and pre-cost for the loan were charged.
However, a loan came only in the fewest cases. In 2009, after a ruling by the Federal Constitutional Court, Swiss banks were prohibited from lending these loans to Germany. Today, the loans come from banks in Liechtenstein or Luxembourg.
The name has not changed. Nowadays the Swiss credit without private credit is offered for 3500 Euro, 5000 Euro and 7500 Euro.
Serious credit agencies – apply for Swiss credit without private credit for 3500 euros
A loan without private credit, ie a Swiss loan, is still available from numerous credit agencies. However, consumers must make sure that they turn to a reputable financial service provider with their loan request. Serious credit brokers recognize consumers in various details.
The credit brokerage has long been active in the market and has a clear internet presence. For applicants who have questions, support is available by phone, chat or e-mail. The reviews on the internet are quite positive. For the loans applied for, agency fees are only incurred when a loan transaction has been concluded.
In the serious credit agencies, the Swiss loan without private credit for 3500 €, 5000 € or 7500 € applied for online. An easy-to-understand online form is available for the application. A private credit statement can not be obtained because the loan comes from a foreign bank.
These banks do not receive personal data from German consumers because they are not part of the customer base.
Credit without private credit – the credit requirements
With German banks, or with foreign banks, which have a seat in Germany, the collection of the private credit information belongs to a normal business transaction. The information is part of the credit check. Since foreign banks do not have access to the data of private credit Holding AG, the preconditions for a loan must be secured by other means.
Anyone wishing to apply for a Swiss loan without private credit for 3,500 euros must be at least 18 years old and have a residence in Germany. Furthermore, the applicant must be permanently employed in a social insurance-related employment relationship. Anyone who is in the probationary period or has a temporary contract will not receive a loan without private credit, as will recipients of unemployment benefits, unemployment benefit II or social assistance.
Especially important is the income. The monthly salary for a Swiss loan without private credit for 3500 euros should be well above the attachment exemption limit. Those who can not meet these credit requirements will not receive the private credit-free loan.
Save on agency fees – the Swiss loan directly from Liechenstein
Who applies for a Swiss loan without private credit in a credit intermediation, must pay an agency fee. This agency fee is usually included in the annual percentage rate.
Consumers who do not want to pay these mediation fees can contact a bank abroad directly. The most well-known bank, which provides the Swiss loan without private credit for 3,500 euros, is the Soulcredit Bank AG from Liechtenstein. If you need a higher loan, you can also apply for 5000 or 7500 Euro at the bank. For the loan of 3500 euros, an effective interest rate of 11.11 percent is required.
For the larger loan amounts 11.12 percent are required. The repayment term for all loans is always 40 months. Other credit terms can not be negotiated for the loan without private credit. For application, various application forms are available on the Bank’s website. The applications can be printed out at home. However, the application is made by post and not on the Internet.
Swiss Loans – A loan comparison helps save money
Even if no private credit information can be obtained, this credit variant is not available for every applicant. Depending on the lender, numerous credit requirements have to be met for the Swiss loan without private credit for 3,500 euros.
If you meet these requirements, you should look for a cheap provider. A credit comparison is therefore advisable. Even with a Swiss loan without private credit, the most important criterion is the annual percentage rate.