Financial collateral is a must to obtain a loan from German banks. These assets include a regular income, a positive examination at the credit entry and permanent employment. A negative credit entry entry gives the banks the impression that the applicant for a loan has a poor payment history and that there will be difficulties in repaying the loan in the future. As a rule, it is not customary to obtain a loan without credit entry from a bank in Germany.
Credit without credit entry
The Swiss loan is a loan that is processed without a credit entry. As the name suggests, this is a loan from Switzerland, which can be requested online via the Internet. For this loan, no credit entry is required and there will be no entry in the future for this loan at the credit entry. Nevertheless, even with this loan without credit entry some conditions exist that an applicant must meet. This includes an age limit.
The borrower may be at most 58 years old, but must be at least 18 years old when applying. Another requirement that a borrower must meet in order to receive a Swiss loan is a regular income and proof that the current employer has had the employment contract for at least twelve months. Decisive for the promise of a Swiss loan is a correspondingly high income, so that the lender has the opportunity to make a salary garnishment in the event of payment difficulties of the borrower.
Furthermore, the applicant must work as an employee, a soldier or a civil servant and, if the applicant is a male and younger than 23 years of age, prove that he or she has been conscripted or exempted from compulsory military service. The payment of the Swiss loan is made by post as cash or by bank transfer to an account named by the applicant. Also, the repayment is done in the same way, namely by the rates are sent by mail to the bank or by debiting a standing order.
Freelancers, the self-employed, the unemployed, students and pensioners as well as housewives can not apply for a loan without credit entry in Switzerland. Furthermore, the loan without credit entry from Switzerland is also not granted if the applicant has filed an affidavit due to lack of funds or is already in bankruptcy proceedings at the time of the application.
Hints and tips
If a credit intermediary raises so-called “initial costs” for a loan without credit entry, the applicant should not accept this offer. These are dubious offers that can not properly advise the applicant on the financial situation. When considering a loan without credit entry, consideration should also be given to what should be financed with the loan and whether this acquisition can not be deferred until a later date, when the negative credit entry entry was made.