A credit from abroad is in contrast to a loan from Germany the rule. No foreign lender will request credit bureau information from a German loan applicant. This looks very different for a German bank loan. Only private lenders in Germany refrain in the vast majority of cases on a credit bureau information.
You should know this if you are looking for a loan but have negative credit bureau entries and are therefore afraid to get a credit rejection. Even if you have already received one or more credit denials, this is not a hindrance to a foreign loan. A non-schaffling credit from abroad can usually be granted whenever sufficient income is available and when there is no entry in the official debtor directory. The latter happens when you have taken the sworn statement or when you are in bankruptcy proceedings – private or business.
Not only the loan offer in Germany, but also the loan offer abroad is very diverse. If you want to get an overview or are looking for a loan, you should start with a credit comparison on the Internet. This credit comparison is possible at any time and can be repeated as often as required. In principle, you do not incur any costs.
In a credit comparison, you have different options. You can get a general overview or search for specific credit offers. For example, you can limit your search to private lenders or foreign banks. Possible lenders are in Liechtenstein or in Luxembourg. Swiss loans are available from Soulcredit Bank. Although this is also located in Liechtenstein, it has specialized in lending Swiss loans to Germans. This requires German citizenship and a permanent residence in Germany.
Most importantly, you never pay any upfront costs that are supposed to be necessary to get you a loan from abroad. Banks or private lenders who claim this are dubious. Here you should continue the comparison and look specifically for a reputable lender. There are such reputable lenders. They make no unrealistic promises and give you a precise answer to the question under what conditions a non-credit bureau credit from abroad is possible and under what conditions it is unrealistic.
For a credit comparison, you can use a loan calculator. He is found on many comparison portals and is also free. So you can simplify the search significantly. An unpaid foreign loan is available as installment or consumer credit and, in some cases, as a car loan. The car loan is generally earmarked. Here is only one use for the payment of a new or used car possible. Other consumer goods can not be financed with a car loan, but only with another loan.
Foreign bank loans
There are many foreign banks that can lend their loans to German citizens. These banks are located, inter alia, in Luxembourg or in Liechtenstein. The loan amounts are usually in the four-digit euro area. Occasionally, larger loan amounts or increases in existing loans are possible. However, this requires your income to be high enough to allow borrowing and proper repayment of the loan in monthly installments without neglecting any other financial obligations. The bank will check this very closely and can only grant you a loan if there is no doubt about it.
The terms of credit that the foreign banks provide to their German borrowers may vary. In principle, however, it should be said that only employees or civil servants or employees of the public sector have a realistic chance of obtaining a loan from abroad. This is always a credit bureau free loan from abroad, because a credit bureau or a similar to the credit bureau institution is not known abroad. This applies to Luxembourg as well as to Liechtenstein or Switzerland.
An unpaid foreign loan usually requires a monthly income of at least 1150 euros net. However, this sum only applies to single people without any other maintenance obligations. Married or persons with maintenance obligations have different minimum amounts. A schafafreier credit from abroad can be made by one person alone, but also by several people together. Several people usually have better credit ratings, with the result that they can also receive higher loan amounts. But there can be no guarantee of successful loan brokerage. A non-leveraged loan from abroad is either transferred to the checking account or paid out in another form. As a rule, a postable payment or delivery by courier is available. Anyone who chooses one of the latter variants can be sure that a maximum degree of anonymity has been achieved. So the house bank does not need to know anything about the loan.
The interest rates for a foreign loan are generally in the double-digit range and amount to around 11%. This is slightly higher than a German bank loan. The reason is that a non-scholar credit from abroad carries a higher risk.
Private credit intermediaries
The range of private credit intermediaries is very large. Many people find it difficult to choose a credit intermediary who is knowledgeable, experienced and reputable. Again, a credit comparison can help. Under no circumstances should you go in advance and pay for services that credit intermediaries have yet to provide. Of course, the service costs something. However, you will not be asked to pay by a reputable credit intermediary until you have actually received a loan. The costs are included in the monthly loan installments.
Unrealistic promises that even unemployed, Credither recipients or people in a current bankruptcy proceedings can receive a loan from abroad, you should basically believe no. This is simply not possible. No bank and no private person can afford to give away money. You should always keep in mind this when it comes to finding a suitable credit intermediary or lender. A non-scholar loan from abroad is repaid in installments. These rates will be deducted from your account or have to be transferred by yourself.