Credit Bureau-free instant loan from Switzerland.

A Credit Bureau-free instant loan from Switzerland sounds like a solid, conservative solution to problems with Credit Bureau. In the article, we will show you the fastest way to get Swiss credit.

Credit Bureau-free instant loan from Switzerland – traditional loan

Credit Bureau-free instant loan from Switzerland - traditional loan

A Credit Bureau-free instant loan from Switzerland, also called a housewife loan or a loan without Credit Bureau, has a long tradition. The first loan offers of this type appeared in advertising during the economic miracle. At that time, the loan offers actually came from Switzerland. Swiss banks have a good reputation, are considered very discreet and business-minded. In the vernacular, it was not long before the name was coined as “Swiss credit”.

With the introduction of the euro, the offer changed. Various other foreign banks from all over Europe also recognized the business potential for Credit Bureau-free loans. The financial crisis and Banking Supervision  put a spanner in the works. In April 2009, the last “real” credit provider from Switzerland had to surrender.

It was Capital Lender, which was forced to give up after more than six years of litigation. At that time, the company had granted Credit Bureau-free loans for around 108 million USD. (Source process documents).

Since then, a “Credit Bureau-free instant loan from Switzerland” can no longer come from the land of mountains and banks. The advertising name of this type of credit has been retained as “Swiss credit”.

Swiss credit as an instant loan – possible?

Swiss credit as an instant loan - possible?

Instant loans are an invention of modern times. The system works very simply. Up to a maximum loan amount of around USD 5,000, loan applications can be checked using the simplified procedure. The credit provider submits an online loan application online, and its in-house verification system carries out a preliminary credit check. Very few receipts have to be submitted, the money is usually in the account after about seven working days.

A Credit Bureau-free instant loan would be desirable, but it is currently not feasible. Credit Bureau-free loans are advertised exclusively by the credit brokerage industry. As far as is known, all legal loan offers relate exclusively to a single credit bank. It is Cream Bank from Liechtenstein. The credit bank itself does not advertise. Only a very simple website is on the net. The bank does not offer an instant loan or an online credit check.

In view of the sometimes time-consuming credit check procedure, which Credit Bureau remains excluded, it would also be eyewash to offer an instant loan. Posting the application can take up to six days. Then the public debt register must be queried.

This is not a central online database, but is managed independently by each judicial district. The request for inspection must be made in writing. If the court accepts fax as written, it can be done quickly. If the court insists on the written form by post, the post may delay processing up to twelve days.

How can I apply for a Credit Bureau-free Swiss loan?

How can I apply for a Credit Bureau-free Swiss loan?

A Credit Bureau-free instant loan from Switzerland – Liechtenstein can be applied for in Germany via any of the known credit providers. Practically all financing offers without Credit Bureau relate to the Liechtensteiner Kreditbank. The customer benefit is not limited to convenience. A credit intermediary, such as Bon Kredit, can alternatively arrange a loan despite Credit Bureau. This means that the loan offer is not only limited to the Fine Lender Bank.

If it is definitely the Swiss loan without Credit Bureau, then direct application is recommended. So there are no additional costs for brokering credit. The necessary application forms can be downloaded from the website.

Overview of loan terms

Overview of loan terms

A Credit Bureau-free instant loan from Switzerland – since 2010 from Liechtenstein – is not a loan without proof of creditworthiness. In addition to the credit check via the public debt register, the income is also checked for the Credit Bureau-free international loan. Only those who have been working for the same employer for at least 12 months have credit opportunities. The minimum net income depends on the loan amount and living conditions.

Only two loan amounts are offered. They are to be repaid in 40 equal monthly installments. Possible are:

– 3,500 USD credit – effective annual interest rate 11.62 percent – installments of 105.95 USD
– 5,000 USD credit – effective annual interest rate 11.61 percent – installments 151.35 USD

For the smaller loan amount, a single person must prove a net work income from dependent employment of 1,130 USD / month. For 5,000 USD, the income limit already rises to 1,600 USD / month. A Credit Bureau-free instant loan from Switzerland or Liechtenstein is in the account at the earliest after about 7 working days. However, it can also take up to six weeks.

Available credit without credit from Switzerland.

A credit with no credit rating from Switzerland symbolizes the willingness to take risks and the ability to do business in the Swiss credit system. The article summarizes everything you need to know about Swiss credit without Credit Bureau.

Credit without credit from Switzerland – symbolic patron saint

Credit without credit from Switzerland - symbolic patron saint

A credit with no credit rating from Switzerland never had a large market share. But Swiss credit without Credit Bureau is known like no other loan. Anyone who browses the internet for solutions to a credit problem is literally showered with advertising for Swiss loans. Even without the Internet, advertising for loans without Credit Bureau from Switzerland can hardly be overlooked. Anyone who opens a magazine in the doctor’s waiting room is guaranteed to find such an offer.

Nevertheless, the time at this credit facility has not passed without a trace, without proof of creditworthiness from Credit Bureau. The USD crisis not only swept away all credit providers for risk loans from Ireland, Spain or Cyprus. International treaties and the Banking Supervision have also ensured that Switzerland is no longer the country of origin for risk loans. Strictly speaking, there is no longer any bank based in Switzerland that is allowed to offer a Credit Bureau-free loan for Germany.

The Spin Lender from St. Gallen was the last “real” loan provider from Switzerland for the loan without Credit Bureau C 2.09). The Banking Supervision thus prevailed in a procedure that has been carried out by all instances since 2003. Since then, Spin Lender has been prohibited from advertising loan offers in Germany itself or through credit intermediaries. Only the existing credit agreements were allowed to be processed, but no new credit agreements could be concluded.

Swiss loans without creditworthiness hurdles

Swiss loans without creditworthiness hurdles

Anyone looking for a credit from Switzerland without a credit rating can breathe a sigh of relief since the end of 2010. The “credit vacuum” created by the court decision is lifted by Lite Lender from Liechtenstein. This bank is set up differently. As the only credit bank for financing without Credit Bureau, it has the necessary banking license to meet the requirements for cross-border lending.

All reputable loan offers for a Swiss loan therefore automatically refer to this lender. Instead of proof of creditworthiness through Credit Bureau, an unlimited, long-term employment relationship is sufficient to maintain creditworthiness. Proof must be provided on the last two salary slips and the bank statements. Swiss credit is secured by a comprehensive certified declaration of income transfer.

Credit conditions of the Swiss loan from Liechtenstein

Credit conditions of the Swiss loan from Liechtenstein

Small loans are offered in two loan amounts. Loan option one comprises USD 3,500 net loan at an annual percentage rate of 11.62 percent. The entry requirement for a single applicant is a net labor income of 1,130 USD.

The second possible loan amount is USD 5,000 loan at an effective interest rate of 11.61 percent. The entry requirement that a single person must meet is a net working income of at least 1,600 USD.

If the loan is applied for from Switzerland without a credit rating via a credit intermediary, then the agency costs are added. The fee of the credit broker usually corresponds to about three percent of the loan amount.

Lending is part of the everyday business of banks – having loans for credit

Anyone looking for a loan always turns to a bank first. But what if a loan already exists? Do the banks say yes to a loan despite a loan?

When a loan has to be paid off

When a loan has to be paid off

It is not uncommon for there to be a need for capital, even though a loan has to be paid off. Whether the banks agree to grant another loan depends on the amount of the balance, the borrower’s income and credit checker information. As a rule, banks tend not to issue new loans, but to increase existing ones.

This can prove to be an advantage for banks if interest rates have increased in the meantime, because that increases the bank’s profit. However, the opposite can also be the case, namely when interest rates have fallen. Then the borrower benefits from this new development.

It doesn’t have to be the same bank

It doesn

The consumer is not forced to go to his house bank for a loan despite a loan. You are free to choose another bank. This can be a branch bank, but also an internet bank. In the latter case, the loan seeker is even better off because the online banks generally have lower interest rates. Nevertheless, it should be pointed out here that the online banks also report a loan to credit checker and make a query beforehand. So it can be seen that another loan has been taken out.

Credit despite personal credit

Credit despite personal credit

If you don’t want to contact a bank, you can also use the new portals. Here, private individuals have come together to increase their money by granting loans. It is not the bank that determines the interest rate here, but the consumer who is looking for suitable donors. For investors, this means higher returns because more interest is paid here than with the usual forms of investment.