Applying for a loan in Switzerland without Credit Bureau is very quick in the online process. The loan application can be made through an intermediary or directly.
Apply for a loan in Switzerland without Credit Bureau – online loan application
If you want to apply for a loan in Switzerland without Credit Bureau, you can do this via an online application from a credit broker. The procedure is reminiscent of an ordinary instant loan from a direct provider. The loan application is not extensive. Even “without practice”, the document can be filled out within a few minutes. The usual instant credit check is not easily possible with a loan without Credit Bureau. The examination procedure cannot be standardized since the credit intermediary forwards the credit request from up to 200 different credit providers.
Nevertheless, the result is not long in coming. If a loan can be arranged, the application documents are usually already in the e-mail inbox within one working day. The application documents and supporting documents must be sent to the credit intermediary using the post-ID procedure. Nevertheless, the credit intermediary is not the only way to apply for a loan in Switzerland without Credit Bureau.
Direct application for Swiss credit without Credit Bureau
Although it is repeatedly claimed that foreign loans without Credit Bureau are only possible through a credit intermediary, the statement is not correct. The process of using a reliable credit brokerage only has the advantage that the loan request is presented to various possible providers. This means that the likelihood of a commitment is higher, but agency fees have to be paid if successful.
The loan can be applied for in Liechtenstein, for example, without a placement fee, in a direct process. The Liechtenstein loan provider originally comes from Switzerland. The current loan offer as of August 2013 is:
Possible loan amounts for the loan without Credit Bureau are USD 3,500 net loan amount and USD 5,000 net loan amount. The smaller loan amount is customary for Credit Bureau-free loans, hence the example for 3,500 USD.
– Net loan amount 3,500 USD
– Effective annual interest rate of the offer 11.62 percent
– Total repayable amount 4,238 USD
– Term 40 months
– Monthly rate 105.95 USD
The credit costs are made up as follows:
– Interest costs at 40 months term 574 USD
– Processing costs 164 USD
– Total credit costs 738 USD
There are no agency fees.
Alternatives to Swiss credit
Applying for a loan in Switzerland is not the only way to get credit with a negative Credit Bureau entry. A loan despite a negative Credit Bureau, there is also from Germany. A loan broker can be of assistance in finding a loan. Alternatively, despite Credit Bureau, you can choose the direct route for a loan.
Loans from private donors offer fair opportunities. You can easily get in touch with investors via one of the large portals for private lending. On the two major platforms, the credit attempt is even free of charge. There is one limitation, however. Not all platforms allow applicants whose Credit Bureau entry has not already been paid for. All portals are only open to those who can achieve the Class H Credit Bureau Score.
As it turns out, applying for a loan in Switzerland without Credit Bureau through a credit intermediary does not have to be the only credit option for a bad Credit Bureau.