It often happens that bills cannot be paid immediately. One reminder is enough to have a negative entry in the credit bureau. Car loan without credit bureau from a bank – without credit bureau in the literal sense – comes from Liechtenstein. However, the Best bank only grants small loans.
An alternative could be lease-free leasing, but only with a very high down payment. The mostly best option – car loan despite credit bureau – shows the comparison calculator. Apply now for the loan of your choice – your application is guaranteed to be non-binding.
Why with if it works without
Many consumers wonder why credit bureau works without it. Unfortunately, the answer is often that the creditworthiness is not sufficient to take out a car loan.
German banks are very strict with their requirements and not without reason. Credit must be available to ensure that the money is paid back. If you don’t pay your bills, either because you can’t or ignore them, you won’t be in a good light with banks. It must be feared that the loan will not be repaid either. Therefore, there is always a rejection. But if you want to bypass credit bureau, you can take out a car loan without credit bureau.
However, this does not mean that the creditworthiness does not have to be present. With this loan, the credit check will be a little different.
This is how the creditworthiness is checked
In the case of a car loan without credit bureau, the salary comes first. Unemployed people do not get the loan, even if there are always advertisements on the internet that say the opposite.
These offers are anything but serious and should not be considered. Only those who have an income, even if it comes from a well-paid part-time job, can apply for a car loan without credit bureau. But there are differences. Anyone applying for a loan from abroad must work full-time and have a high salary.
A personal loan, however, is valued differently. Here it is also possible for low earners to get the loan. For this, however, loan collateral must be available so that the repayment guarantee is available.
Requirements for a personal loan
A car loan without credit bureau from private can be taken out if the creditworthiness is right. If a low-income earner makes an application, the lender will require loan security. This can vary. Either the customer offers a guarantee or he has another borrower at his side. Some lenders also agree to keep the vehicle registration document as long as the loan has not been repaid. If the loan installments fail then the vehicle can be sold.
However, this is often only done if the borrower has a new car financed. Otherwise, the guarantor or second borrower must pay the remaining debt. The account also belongs to the check. Here lenders can see whether attachments have been made.
A copy of the ID must be available and the completed form of the Postident procedure.
Car loan without credit bureau – foreign bank
When applying for a car loan without credit bureau at the foreign bank, income counts. Loan guarantees are not accepted. The salary alone must be high enough to secure the loan. The amount depends on the loan amount.
For the two loans with 3500 USD and 5000 USD, the income must be at least 1150/1600 USD. With the $ 7,500 loan, the bank expects an income of at least $ 1,800. Higher loan amounts are not possible. It is also not possible to determine the term yourself. This is fixed at 40 months. The interest rate is very high at over eleven percent and is the same as the interest rate of an overdraft facility.
If you can raise this amount, you can take out a car loan abroad without credit bureau.