In the past, borrowers who had a negative Credit bureau often had to reject the loan request. Despite a high regular income, there was hardly any possibility in the past to brew a loan from a negative Credit bureau. However, anyone looking for a Credit bureau-free loan today will find it at numerous providers.
More and more banks are now offering a loan without Credit bureau, which can be attributed not least to the fact that more and more potential borrowers have fallen through the “grid” in lending due to a negative Credit bureau. Today, loans without Credit bureau can be found both at the numerous large banks and savings banks and at online banks on the Internet. Online banks in particular are increasingly offering loans without Credit bureau today.
Especially with the online banks on the Internet, borrowers can hope for attractive interest rates, which can be attributed not least to the absence of an extensive branch system and lower personnel expenses. A Credit bureau-free loan should not be applied for without a comparison on the Internet due to the significant increase in supply.
Credit bureau-free loan with low interest rates desired? It is important to note this when comparing
When comparing several loan offers, private borrowers should focus primarily on the effective interest rate as a key comparison criterion. The effective interest rate is variable today and depends on various criteria. In addition to the creditworthiness of the borrower, the term and loan amount as well as the form of repayment play a decisive role.
Basically, borrowers who choose a Credit bureau-free loan with a short term and a low loan amount can benefit from lower interest rates. Long terms and high loan amounts, on the other hand, are associated with a high credit default risk, which the banks naturally take into account in the effective interest rate.
The effective interest rate can be enormously influenced by the creditworthiness, especially with a loan without Credit bureau. Since the Credit bureau is no longer an examining body for the credit check, income plays a particularly important role. Borrowers who have a consistently high income can enjoy significantly lower interest rates.
Last but not least, not only the effective interest rate, but also the repayment can be influenced via the term and loan amount. With the repayment of installments, the targeted repayment of the term and loan amount can be optimally and quickly determined.
Credit bureau-free credit – best conditions can only be obtained with a comparison on the Internet
Loan calculators now allow quick and easy comparison of multiple loan offers. In addition to a certain loan amount, the comparison can also take account of the term, repayment and income. In this way, you can quickly find the best offers and save a lot of money in the long term.