An installment loan with special repayment is so clever

Each bank has different terms and different interest rates. But the competitive pressure is very high due to the increased presence of online financial institutions and of course every bank tries to win over new customers and to retain them. You can only achieve this through customer friendliness. This also includes that an installment loan with special repayment is offered free of charge.

Improved conditions bring new customers

Improved conditions bring new customers

So far, banks have had the right to make special repayments well paid for. If a loan is redeemed prematurely, the bank will lose interest. Many financial institutions bring this elimination back in through the fees for the special repayment. For customers who have to pay off a loan from such a bank, an early loan repayment is therefore usually not worthwhile. It is different if these fees are no longer applicable. In this context, one also speaks of a prepayment penalty. This is exactly where the banks start when it comes to customer acquisition. They deviate from normal practice and offer an installment loan with special repayment free of charge.

Trust is good, comparison is better

Trust is good, comparison is better

Anyone who advertises with free repayment options does not necessarily have to be better in the remaining conditions. Many banks take more interest or do not offer to suspend rates once a year. If an installment loan with a special repayment is desired, only a direct comparison of the banks via the relevant Internet portals can provide certainty. It is important to compare everything here.

This concerns the interest, the free special repayments and the processing fees. Sometimes it is a mathematical example. If you already know when borrowing that a special repayment is not planned, you can also do without this option. To compensate for this, however, interest rates should be low, because they apply for the entire term.

Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.

 

Serious loan without Credit Bureau information

A serious loan without Credit Bureau information, around which there are many rumors in Germany, is not offered by German banks. In theory, a serious loan without Credit Bureau information can be the right loan if someone does not get a loan from German banks due to a negative Credit Bureau information. Many credit intermediaries advertise on the Internet and in the print media that they can help consumers who are looking for a Credit Bureau-free loan in difficult or hopeless cases. In doing so, they attract many non-creditworthy consumers who apply for a Credit Bureau-free loan, always hoping that it is also a serious loan without Credit Bureau information.

What is the Credit Bureau-free loan?

What is the Credit Bureau-free loan?

It is true that a serious loan without Credit Bureau information is best obtained through a credit agency. Credit without Credit Bureau is currently only granted by a foreign bank based in Liechtenstein. That means it does not matter which credit intermediary consumers turn to, there is only one serious offer from Sigma Kreditbank AG in Liechtenstein that is always at stake. However, even this serious credit is not given to anyone without Credit Bureau information. Customers have to prove their creditworthiness to the bank. Sigma Kreditbank AG expects the borrower to be able to demonstrate permanent employment with a regular income that has existed for one year.

This Credit Bureau-free loan is only a small loan of 3,500 or 5,000 dollars. Loan seekers with negative Credit Bureau who need more money submit their application for the Credit Bureau-free loan in vain. It is also not possible for consumers to run several of the Credit Bureau-free loans in parallel.

The loan without Credit Bureau can, however, be the ideal serious loan if a small side loan is needed, about which nothing should be noted at Credit Bureau. For example, if you are planning a real estate financing shortly or want to take out an official loan, you need a flawless Credit Bureau Apply for a loan without Credit Bureau.

Since there is only one provider, a credit comparison to save costs is not necessary. There can only be differences from agent to agent regarding the amount of the commission due.

What a serious loan without Credit Bureau information costs

What a serious loan without Credit Bureau information costs

As a rule, the interest for the Credit Bureau-free loan is higher than the interest for a comparable loan from German providers. Among other things, this has to do with the greater risk that Sigma Kreditbank takes when it lends without ever having seen the customers’ Credit Bureau. In addition to the normal credit costs for a loan without Credit Bureau, there is the commission to be paid to the intermediary. There is no binding information on the part of the credit intermediaries about the amount of the commission. However, this agency fee is not to be paid in one sum before borrowing. It is apportioned to the monthly rate.

Who can get credit without Credit Bureau information?

Who can get credit without Credit Bureau information?

Because the Liechtenstein bank refrains from obtaining Credit Bureau, it needs other security from the borrower. German customers must always be able to present a permanent employment contract. You may no longer be in the trial period and the income must be attachable.

The offers are explicitly not aimed at the self-employed and freelancers, not at students and trainees, nor at the unemployed or Hartz 4 recipients. That often says the advertising of the credit intermediaries not so clearly.

Hire the right credit broker

Hire the right credit broker

When choosing a credit intermediary, consumers should make sure that it is a reputable company. Only then is a serious loan possible without Credit Bureau information. You can tell whether a company is working properly by not having to pay any upfront costs to process the request and make an offer. There is no evidence of seriousness if the loan seeker has to call expensive hotlines first or if consignments of unknown types are sent as cash on delivery.