For some people, the question arises whether they should take out a loan in Germany or abroad. Banks are not always ready to grant a loan, especially not if there is a poor credit rating. Since credit institutions always work with the so-called Credit Bureau so that they can check the creditworthiness of the customer, some fail for a loan. Often there is only the step left to apply for a loan with a negative Credit Bureau entry.
What are the special features of the loan?
A loan with a negative Credit Bureau entry has some special features, so that it differs significantly from German loans. This is how foreign banks never work with Credit Bureau. The loan that is to be taken up is therefore not entered in a Credit Bureau and this is not checked by the customer. This is a great advantage for those who either do not want to burden their Credit Bureau with a negative entry or who already have too many entries in the Credit Bureau and are therefore rejected by German banks.
Other collateral applies to a loan from Switzerland. So the applicant must always have an income that comes from a non-self-employed activity and that is unlimited. The income must always be so high that it can be attached in the event of a loan default.
How can I apply for a loan?
So that the loan can be applied for with negative Credit Bureau entry, there are two options. Either you drive directly to a bank in Switzerland and apply for a loan on the spot or, which is much easier, you apply for it on the Internet. To do this, a credit broker must be found who specializes in Swiss loans. This works closely with the banks abroad and mediates between the bank and the applicant. He doesn’t do this for nothing and asks for a fee as soon as a contract has been signed.
This is determined before the placement begins. A comparison can be concluded here because this fee can vary greatly from one agent to another. The agent requires proof of salary, a copy of the ID card and a confirmation of registration. It is also important that a loan amount and a repayment rate have already been considered so that suitable offers can be sent.