Loan without credit bureau with immediate approval
If Credit Bureau makes it difficult to borrow, good advice is often expensive. Because then a loan is not so easy to get. If the loan is then still needed quickly and a loan without Credit Bureau with immediate approval is sought, this does not really make it easier to find a suitable offer. So that you don’t grope in the dark and quickly find your suitable loan without Credit Bureau with immediate approval, we have compiled and prepared the most important facts about such a loan for you.
Credit Bureau as a decision maker on the loan
In Germany, banks generally do not grant a loan without asking Credit Bureau, and banks use the data stored there plus their income to form the borrower’s credit rating. If the creditworthiness is good, a loan can be granted. On the other hand, if it is bad, there will be no conclusion. The rules are that simple and cannot be bent.
If you still want to take out a classic installment loan, you have to find a co-applicant with a good Credit Bureau. Only then will the bank provide your loan application with a positive decision and you have a chance of a loan without Credit Bureau with immediate approval.
The instant promise
Since you are in a hurry with the loan, it is worth taking it out at a local bank. Grab your co-applicant and go to your house bank first. The quickest way to decide whether a loan is possible or not is because she knows you best and can best estimate her payment behavior. If you don’t find what you are looking for, check other banks in your area. The personal conversation always enables you to ask exactly how long the application and processing takes and when the money is available.
This is not possible for a loan without Credit Bureau with an immediate commitment that is taken up via the Internet. You will usually get a preliminary approval very quickly, but this is not binding. The bank always wants to see its documents first and check them. Often these must be in the original, so that they have to be sent to the direct bank by post. This takes a lot of time and does not allow the loan amount to be paid out immediately.
And even with a foreign loan that can be applied for without Credit Bureau and without a co-applicant, there will be no immediate approval and no fast payment, because these banks cannot be reached directly and the post office will delay the payment and processing. In the best case, therefore, stick to the local banks, because the quickest way to get the loan.