Loans with a low interest rate are advertised everywhere, but what if you don’t belong to the group of people with an excellent credit rating. Many banks then either offer no credit at all or on much worse terms.

However, almost everyone can get a cheap loan, there are only a few important things to consider in order not to fall for a dubious offer. Because this is almost always offered on significantly worse terms.

Specialized banks that grant loans

Specialized banks that grant loans

If banks refuse a loan, negative Credit bureau entries are usually a reason for this. A low income or existing loans can also be responsible. However, there are banks that specialize in offering customers credit without information. The loan amount at these banks is fixed at a maximum amount so that the risk of default can be significantly reduced.

A deciding factor for a loan without information is regular income, which should be above the garnishment-free rate. Furthermore, a tenure of six months is a prerequisite, just like one may no longer be in the trial period. Then you have a real chance to get a loan.

Some requirements must also be met here

Some requirements must also be met here

Most banks that offer such loans are accessible to customers over the Internet and over the phone. This saves banks from having to pay for expensive branches and can still offer customers who are rejected by other banks a loan without information. The banks grant a credit without information after some data is available. Proof of a regular income as well as insurance, which will help you if you are unemployed, is a basic requirement. However, no information is obtained from Credit bureau, nor is Credit bureau’s credit reported.

Caution is always advised

Caution is always advised

Some banks in German-speaking countries specialize in helping German customers with a loan. However, it should be ensured that no fees have to be paid in advance. Only costs for a certification of the identity card are due. This means that nothing stands in the way of a loan without information. For offers that appear in newspapers with a mailbox address, all alarm bells should ring, since it is certainly loan sharks.