Credit with immediate payment without Credit Bureau

 

Credit Bureau not only registers gross breaches of contract for financial obligations, but also all loans granted. In the case of a loan without Credit Bureau, there is neither a request before the loan is issued nor a notification of the payment to the credit protection. The immediate payment means that the lender will instruct the amount to be paid out immediately after accelerated application processing is completed. A guaranteed availability of the money within two bank working days only exists with an instant loan.

Are there Credit Bureau free loans with immediate disbursement in Germany?

Are there Credit Bureau free loans with immediate disbursement in Germany?

The typical loan with immediate payment and without Credit Bureau is the loan taken out in the pawnshop. The pledge loan does not require a Credit Bureau request because it is sufficiently secured by the pledge to be deposited. The mostly small amounts are usually paid out directly in cash at the pawnshop’s cash desk, the pawnbroker only transfers higher amounts of credit to his customer’s bank account. Another option for receiving a loan in Germany with an immediate payment and without Credit Bureau is for recipients of services from the job center. They can apply for an interest-free loan from their clerk if they need the money to purchase essential household items.

Credit Bureau-free loans with immediate disbursement from Switzerland or Liechtenstein

Credit Bureau-free loans with immediate disbursement from Switzerland or Liechtenstein

Swiss and Liechtenstein banks generally grant loans without Credit Bureau, as they are not authorized to obtain information from the German credit protection agency. You often need up to two weeks for loan processing for loan applications submitted directly via them. If customers would like to take out an instant disbursement loan without Credit Bureau in Switzerland or Liechtenstein, they should contact a reputable credit broker. You can recognize the seriousness by the fact that the customer does not charge any upfront costs or ask the customer to take out insurance before approving the loan. Many federal or Liechtenstein institutes offer to pay the loan in cash instead of the usual transfer to a bank account, with immediate payment and without Credit Bureau.

In this case, additional costs arise, while the acceleration of the payment process is no more than one day for Swiss and two days for Liechtenstein financial institutions. The interest is higher for a loan with immediate payment without Credit Bureau than for a Credit Bureau-free consumer loan with a processing time customary for banks. A premium for quick loan processing and disbursement is justified. So that the customer does not pay unnecessarily high interest, he compares several offers with each other before the contract is concluded.

Credit after the trial period – Who can help you

The trial period for a new employment contract in Germany is usually six months and thus corresponds to the period in which the employee-friendly conditions of the Protection against Unfair Employment Act do not apply. An extension or shortening of the trial period is possible, but does not affect the legal protection against dismissal. For this reason, financial institutions generally evaluate an employment relationship within the first half year as a trial period.

After the trial period, the loan application is usually possible

After the trial period, the loan application is usually possible

It is easier for employees to obtain a loan after the trial period than a loan without full protection against dismissal. In the case of classic employment contracts, the employment relationship automatically changes to a permanent employment contract after the end of the trial period if there is no termination. After the trial period, the applicant thus enjoys the high creditworthiness resulting from a fixed contract and can apply for a loan from any commercial bank.

Financial institutions recognize that the probationary period has ended on presentation of the proof of salary based on the entry date usually specified there. However, there is a difficulty with a loan after the probationary period, because some financial institutions require that the applicant have been employed by the current employer for at least one year for the loan. When applying for a loan immediately after the trial period, consumers take this feature into account and choose a bank whose lending guidelines allow borrowing immediately after the trial period.

If a temporary employment relationship follows the trial period

If a temporary employment relationship follows the trial period

It is no longer a matter of course today that the employment contract becomes a permanent employment relationship after the trial period has been concluded. Instead, more and more employers equip their employees with successive fixed-term contracts within the first two years of employment. In this case, it is not easy to take out a loan after the probationary period, since the applicant does not receive remuneration from permanent employment and the bank does not consider the contract extension after the time limit to be secured.

On the other hand, even loans with a fixed employment contract are not necessarily secured in the long term, since both parties have a fundamental right of termination. However, the employer may not terminate fixed-term contracts for operational reasons. As a loan after the trial period with an initially limited employment contract, immediate loans without proof of income as well as personal loans brokered via relevant Internet platforms are available. Many private lenders prefer to receive requests from applicants who find it difficult to borrow from traditional banks.