A small loan is used to finance smaller investments in terms of value. If this is issued without credit bureau entry, it offers the advantage that larger investments can continue to be financed by credit without having to fear a rejection. The small loan without credit bureau can therefore be a very useful helper, but has both advantages and disadvantages. The classic microcredit is usually obtained from Switzerland, which is why it should also be better known as Swiss Credit.
Characteristics of Swiss loans
As the name implies, the Swiss loan is granted by banks from the land of the Confederates. However, this can not be requested directly there, which is due to legal restrictions. That is why credit intermediaries intervene, through which the credit agreement can be concluded. When comparing different offers on a small loan without credit bureau from Switzerland, especially these intermediaries should be checked carefully, as the processing costs can differ considerably.
A significant disadvantage of a small loan without credit bureau from Switzerland lies in the fixed conditions. Fix in this case means that the loan amount, interest rate, installment amount and term are fixed from the outset. Neither the customer nor the agent have the opportunity to change these conditions. The loan amount usually amounts to a sum between 3,000 and 4,000 USD. It should therefore be clear that Swiss credit is only suitable for investment to a limited extent.
Requirements for a Swiss loan
This small loan without credit bureau brings with it a good credit rating in the form of a regular income as an essential prerequisite. This is only too understandable, because on the one hand waives a credit bureauüberprüfung and on the other hand, no credit bureaueintrag is made. Swiss banks also want to be sure that the loan will be repaid over the contractually agreed period.
But also the income itself is subject to restrictions: in most cases it has to come from dependent work. The applicant therefore needs a permanent employment, which he can prove by payroll. This freelancer and freelancer usually have bad cards to get such a loan. However, there are also exceptions among the credit providers who also offer these groups a small loan without credit bureau.
Even if the conditions hardly differ from provider to provider, all offers should be compared with great care. Because in the credit market, it is all too well known, even many black sheep, who want to draw attention to themselves or their dubious offers with lock offers. Here, too, the most important comparison feature is the effective interest rate, in which all costs relevant for the loan are included. If this is not stated for certain offers or hidden somewhere in the fine print, this should already deter the applicant.
When is the Swiss loan suitable as a small loan without credit bureau
Since the Swiss loan is relatively expensive, one should consider the conclusion of a contract well in advance. Although the own house bank gets nothing from all this, but also small sums lead to interest expenses, which want to be considered in the calculation. The small loan without credit bureau is best suited for the replacement of more expensive loans. An example: The replacement or repayment of a credit line.
But as a side loan, the small loan without credit bureau is very popular, which is mainly due to the elimination of the credit bureaueintrages. So if you would like to finance a smaller investment urgently, without having to accept a credit bureau entry, Swiss Credit will find a way to do so. This leaves all doors open at banks and does not risk the rejection of larger financing.