To get a loan from a bank, a Credit bureau examination is usually always necessary. For many people who urgently need a loan, this check can develop into a problem in two ways: First, any existing entries at Credit bureau can cause the loan to be rejected; on the other hand, the examination takes time – however, this is not always the time. Many debtors therefore ask themselves: Where does an instant loan without Credit bureau come from in 24 hours?
Immediate acceptance possible, payment can take however
An instant loan with a promise within 24 hours is not uncommon. Many direct banks in particular advertise that they provide information about the conditions particularly quickly. In these cases, however, the examination is only carried out using the documents submitted by the interested party. If the prospective customer accepts this offer, he will then have to provide evidence in writing of the information given in the application.
In addition, the Credit bureau exam still takes place. Depending on how quickly the borrower submits the necessary documents, he may well receive a payment after a few days; But simply because of the check by Credit bureau, which usually takes three days, an instant loan without Credit bureau in 24 hours is not possible.
Swiss credit: Credit bureau examination can be omitted
Swiss banks, on the other hand, have specialized in German customers: Because the Credit bureau check is not binding for foreign credit institutions, an immediate loan without Credit bureau can be made possible in 24 hours in this case. The Swiss banks only rely on the regulated labor income, which must be proven by the debtor. In addition, other restrictions apply to Swiss credit: the amount is always 3500 USD, the repayment must be made within 42 months.
A loan comparison for an instant loan without Credit bureau in 24 hours is still worthwhile, because the interest rates for the different financial institutions are quite different. However, it is common for risk premiums to be calculated. Compared to a conventional small loan from a German direct bank, slightly higher interest rates have to be taken into account for an instant loan without Credit bureau in 24 hours. However, around 10 to 12 percent appear quite realistic as an effective interest rate.