For a loan without Credit Bureau and without guarantor, the basic requirement is that the borrower has sufficient and secure income from which the installments can be repaid. A loan without Credit Bureau and without a guarantee is not available from banks in Germany. Loan seekers who want a loan without a guarantor have to contact a loan broker.
There are quite a few of these on the German market that can also be found on the Internet. The best known are Cream Bank, Best Bank and Astro Finance. All successful companies, which in many hopeless cases were able to arrange a loan without Credit Bureau without guarantors.
The loan without Credit Bureau and without guarantor is more expensive
If you want an instant loan without Credit Bureau and no guarantor, you have to be aware from the outset that the loan will be somewhat more expensive in terms of interest and fees than a normal online loan from a German bank. The banks can compensate for the higher risk with a correspondingly higher interest rate and a commission for the loan brokerage is charged for the successful loan brokerage.
The amount of the commission depends on the amount of the loan and the loan term. However, it does not have to be paid in one amount. The credit agencies turn the commission on the installments, which alone results in a higher monthly burden for the borrower. These costs are not reflected in the APR.
Get a loan without Credit Bureau and without guarantor
A borrower must be prepared to pay this price if he or she wants to get a loan without Credit Bureau and without guarantor. This only becomes a problem if the income is either insufficient or the borrower is unemployed. In such cases, the credit intermediaries cannot usually help. Anyone who takes out a loan through a credit agency must also expect to be sold a home savings contract or life insurance as a prerequisite for a successful loan agency.