Fast student loan

Sometimes it is not easy for students – not only the often demanding subject of the course has to be mastered successfully, also the financial side of the course or life as a student in general must and should be clarified – because how else can the student booth, the food in the cafeteria and various learning materials are paid for? The Bafögamt and parental home do not always pay enough, and a side job cannot be found quickly.

Quickly loan – what does it mean?

Quickly loan - what does it mean?

It is unlikely that you will receive a “quick loan” as a student. Fast credit means: credit with an immediate approval, i.e. a loan from which no Credit Bureau information is obtained. Unfortunately, the creditworthiness of these loans, the so-called Swiss loans, is checked differently than by obtaining a Credit Bureau information. A permanent job is required where a certain amount of income is earned – not only students, unemployed and pensioners are excluded from these loans, but also self-employed, for example.

So instant loans without Credit Bureau are canceled for students – but what about when a student turns to a bank or a savings bank and asks for a normal installment loan or a small personal loan?

Unfortunately, students also have very bad cards there – hardly a reputable bank would grant a student an installment loan, at least not if no guarantor can be provided that is solvent enough to pay the debts of the first borrower. However, guarantee loans should be used with extreme caution and only used in extreme cases.

Education loans for students

Education loans for students

All that remains are the educational loans that students offer from a few banks, including a few savings banks and Capital Lender. The banks also require creditworthiness from the applicant for these loans – that is, a broken cell phone contract and open catalog order invoices would not exactly help a loan approval.

An educational loan generally works a little differently than a normal installment loan: this means that the loan amount is not paid out in one go and is then repaid in installments – rather, the loan amount itself is paid out to the borrower in fixed monthly installments.

Car loan with guarantors

Buying a car can be required faster than you think. Career changes often involve not only moving, but also a longer and more difficult journey to work.

How to get a car loan

How to get a car loan

Getting to work by bus and train has been easy so far, but this issue can now become a problem. The remedy is to buy a car. It ensures the mobility you need to cope with the new commute. But who has pockets full of money and can afford a car like that? Taking out a loan is the only solution for many people to be able to guarantee the purchase of a car.

Take out a car loan

Take out a car loan

If you want to take out a loan for a car, you have to take into account that the loan is earmarked. In plain language, this means that the amount of money can only be used to buy a car and that the funds cannot be used at will. The conditions that banks offer to buy a car on credit are relatively cheap. The interest rate is approx. 6 percent and the period and the installments of the loan amount can be designed flexibly. “Only cash is true”, this saying also applies when buying a car.

Because the possibility of cash payment of the loan amount by the bank also guarantees the buyer to pay the purchase price in cash. Car dealers appreciate this by giving discounts on the cars they have bought or luring them with lots of extras. But not every citizen of our country is also creditworthy and has the creditworthiness, which is an essential prerequisite for borrowing. A car loan with a guarantor can be another way of borrowing.

The safe option – car loan with guarantors

The safe option - car loan with guarantors

Banks demand collateral, especially from customers who do not have sufficient creditworthiness or who have a negative Credit Bureau entry. Having a guarantor is the best way to solve the problem. In the case of a car loan with a guarantor, he ensures that the installments are paid on time, but is also liable if there are problems with the repayment. Not everyone is eligible as a guarantor, because he or she must also meet certain requirements that enable lending.

A car loan with a guarantor must be financially liquid, which means that it must have enough income to make the installment payments in an emergency. The guarantor’s Credit Bureau information must also be faultless, because in the case of negative entries, he is no longer an option as security. Furthermore, one should always be aware of a car loan with a guarantor that if there are difficulties with the loan processing, this not only has to bear the running costs, but must also pay the installments of the loan.

Apply for Credit Bureau-free instant loans

It is not always possible to plan the required financial injection in the long term – as it should be, for example, when building or buying a house. Rather, there is often a need for third-party chapters, for example because the furniture store has greatly reduced the long-awaited fitted kitchen, or because an unexpected financial situation arises that cannot be mastered on its own or with the help of relatives or friends ,

For these cases, there are instant loans on the Internet: depending on the provider, these are Credit Bureau-free because the issuing bank is a foreign bank, especially from Switzerland or Austria. Accordingly, these loans are also referred to as Swiss loans; they have been specially designed for German customers. These Swiss loans are offered.

Loan providers

Loan providers

These Swiss loans are not offered by the banks themselves, but by German credit agencies, which are primarily found on the Internet. In a comparison, there are huge price differences: one credit agency charges more fees or commissions, the other less, some earn a little bit at every rate, others are paid with a single major payment. The largest providers of Swiss loans are maxda and bonkredit.

Loan requirements

Loan requirements

Since these are loans in which no Credit Bureau information is obtained from the banks, which is simply due to the fact that they are foreign banks, the borrower is subject to very strict requirements: there must be a permanent job for civil servants or Employee base that was neither temporary nor trial. Accordingly, Swiss loans cannot be taken up by students or schoolchildren, the self-employed, pensioners and the unemployed, and the salary of the employee must also be a certain amount (keyword household bill).

As proof, the applicant must provide account statements from the last three months, pay slips from the last three months and a copy of the employment contract – since Swiss loans are granted online, the documents are sent to the bank or credit agency using the PostIdent procedure.

Incidentally, these loans are called instant loans, sometimes also 24-hour loans, but that doesn’t mean that you actually have the money in your account the next day – a few working days must be factored in, simply because various postal routes have to be overcome.