A final loan approval with the instant loan – in 24 hours without Credit Bureau, would be desirable.
Only a preliminary decision within 24 hours that is not from the lender is possible. The article explains how you can make an equally reliable pre-diagnosis yourself.
People who are in an acute financial crisis cannot get fast enough with a loan. The offer for an instant loan in 24 hours without Credit Bureau is just right in many cases. Urgent bills or even final reminders might still be paid before the fee trap hits again. Everyone knows that an instant loan is checked using a simplified procedure and paid out in the shortest possible time. Many prospective customers have been waiting for this concept of success to finally be offered without Credit Bureau.
However, anyone who studies advertising carefully will be disappointed. Not only the black sheep of the trade, but also top-class, demonstrably reputable credit brokerage companies participate in the eyewash. Only a preliminary check of the loan within 24 hours is promised. As with the instant loan without Credit Bureau with immediate approval, the preliminary check is carried out by a credit broker on their own. The preliminary decision is based on his credit experience.
How meaningful can a preliminary decision be?
With a normal instant loan, preliminary credit checks using a fully automated check procedure have long been standard. The exact criteria by which a credit institution evaluates are a well-protected trade secret. Only general key data are published. No credit institution reveals what the credit check program checks in detail, how often small and large adjustments are made.
It is not a problem. The preliminary credit check takes place in the house of the actual lender – on his server. No stranger needs to know the trade secrets for the credit check to give a realistic result. An instant loan in 24 hours without Credit Bureau is not pre-checked by the lender himself. As far as is known, only one foreign credit bank currently offers a Credit Bureau-free credit solution for Germans. That is Cream Bank AG from Liechtenstein. The loan offer can be made directly, but also through a reputable credit broker.
The Liechtenstein company does not guarantee an instant loan or a credit check within 24 hours. The preliminary examination, without having the slightest decision-making power, is a look into the crystal ball. Instead of applying for an instant loan in 24 hours without Credit Bureau, the preliminary check can also be carried out yourself.
Personal preliminary examination in 1 minute – credit without Credit Bureau
The following case study relates to a single borrower with no maintenance obligations. The loan application will be rejected if..
– The prospective borrower is entered in the public debt register
– There is an attachment of income
– The labor income has been assigned
– The prospect is self-employed or unemployed
– The employment contract is limited in time
– The prospect is 58 or older
– The applicant has been with his employer for less than 12 months
– The net labor income falls below 1,130 USD (single person)
If one of the above key points cannot be met, the loan is definitely rejected. Aid from a guarantor is excluded.
An instant loan in 24 hours without Credit Bureau is a normal loan without Credit Bureau and the most important decision criteria are now known. Individual uncertainties can only arise with the level of income. The phone support of the Liechtensteiner Cream Bank is very nice and competent at the same time. Nobody guarantees that targeted demand is resentful.
Credit conditions – Credit Bureau-free credit from Liechtenstein
A loan without Credit Bureau is only offered in two loan amounts, USD 3,500 and USD 5,000 net loan. The term is fixed to 40 months for both loan models.
An effective annual interest rate of 11.62 percent is calculated for the loan of USD 3,500. A monthly payment of USD 105.95 is payable. A total of 4,238 USD will be repaid. Under otherwise optimal conditions, a single person must prove a monthly net work income of at least 1,130 USD.
A loan without Credit Bureau in the amount of 5,000 USD costs 11.61 percent effective annual interest. The monthly installment for this loan amount is 151.35 USD. A total of 6,054 USD will be repaid. A single person must already be able to prove a net work income of 1,600 USD for this credit request.
The effective annual interest rates mentioned apply as of October 22, 2013, for direct applications and non-cash payments. External costs, such as certification fees or agency costs, are not recorded. An instant loan in 24 hours without Credit Bureau is only the advertising offer of a credit broker. It therefore costs about three percent of the loan amount additional agency fees.