Business Loans

Small Business Credit how the loan works?

In Germany, those who take up self-employment have the choice between a small business and full-time self-employment. The difference here can be found above all in the income and thus also the tax burden for the trade. Learn more at

Annual income of a small business is fixed up to a maximum limit

Annual income of a small business is fixed up to a maximum limit

Because while the annual income of a small business is fixed up to a maximum limit, no financial limits can be found with a “normal” business registration. In addition, a small business owner is not allowed to charge sales tax on his products, since he does not have to pay them to the tax office.

And while it is usually not a problem for traders with a high annual income to borrow from banks for further investments, a loan for a small business can become a real ordeal. Because banks generally don’t happily open their doors here when a small business owner asks for financial help. Rather, the applicant has to overcome major hurdles in order to benefit from a financial injection.

The lack of regular income and the lower income stand more than in the way here. In addition, the bank has difficulty assessing how this will develop in the future, particularly in the case of a small business. Does the investment take the decisive step forward? Or does this tend to show no reaction in the income of the self-employed?

How does it work with a loan for the small business?

How does it work with a loan for the small business?

First of all, it is important that the bank can be plausibly explained what the money is needed for. An investment plan can help here. In addition, you should never shy away from a personal conversation with the relevant advisor at the bank. Just a simple phone call will not lead to success at this point. But an open discussion, which deals with the business development and the current financial situation, will pave the way to success.

There is also a good credit rating and some collateral for the bank. Maybe there are already real estate, cars or other valuables in the company? Offering this to the bank as collateral is another correct step towards credit for a small business. Anyone who comes to a conclusion despite all of this with their house bank or another local credit institution should take a look at the Internet.

Here too there are many providers around a loan for a small business. In order to keep an overview of the diverse offers, you should compare in advance and get advice if necessary. In the case of online offers, this is usually possible by phone or email.

And if you are not sure about this or are not getting a degree, you should think about taking out a personal loan. The formalities that have to be completed are usually clearer. Because private lenders are more enthusiastic about an idea than banks.

Avail this exciting credit for young people.

Young people have both feet in life these days. They are dynamic and confident. If you think of the youth of the past, there is a significant difference to the youth of today. In the past, many young people started training at 15/16, which usually lasted three years and then went into work. Today almost every young person first gets his Abitur and then starts studying. A few years pass before the first money is earned. Nevertheless, young people also have to apply for a loan for young people.

The outlook

The outlook

Although there is hardly any income, today’s young people want their first home, a first car. But there are young people who are already thinking about retirement provision in the future. A commendable thought when you look at the pension of ordinary people. If a loan is needed for young people, banks do the same as for loan seekers who have little or no income.

A loan for young people needs to be secured. If there is no income, the young person must be able to name a guarantor. Think of the parents or grandparents as guarantors. If the borrower can then no longer pay the installments, the guarantor must step in and continue to pay the installments.

Young people who think of the future as a precaution actually want to lay the foundation for it now. There is the dream of owning a home that would be intended as a later retirement pension. But the young person who has just completed his education and is in professional life does not yet receive income like an older worker. Many people lack capital, so that a loan for young people is in the focus.

But young people who are still in training also need a loan. Banks have taken a closer look at this target group, as they are tomorrow’s future customers. Not all parents can help their children financially. There is a loan for young people from the house banks where the interest rate is acceptable.

The overview

The overview

Even those who are not yet of legal age do not have to do without a loan. In this case too, just as with insufficient income, a guarantor can secure the loan. The latter must then continue to pay the loan if the borrower is no longer able to do so. Most banks will not say no to a loan for young people. The loan will be based on the training period.

There is also the possibility that parents take out a loan for their offspring and pay for the necessary things. But to what extent the parents can do that, everyone has to decide for themselves.

However, no one can guarantee that the trainee will be taken on in a permanent job after completing his training. Because of this, the loan amount will be more low, since the loan has to be paid during the training period. Young people can go to their parents’ house bank for their credit or look around the internet. Young people in particular will take the latter route.

This is a good thing, because experience has shown that banks on the Internet are cheaper than branch banks.

It is also important for young people to draw up a budget. If, for example, he still lives at home and does not have to hand in any money there and he has about 1,000 USD as training allowance, a loan could be realized for young people, but only if the trainee is of legal age. If he is under the age of 18, legal guardians must also sign.

If the loan for a car is taken out, the rates should be adjusted to the income. After all, a car also needs to be maintained. If the entire remuneration goes towards the installment, there is a high probability of a loan default.

The student also has claims and little money is available. If a loan is taken up too high, a loan default can also occur. Then the young person already has a negative entry in his Credit Bureau.

Since the financial situation of a trainee or student is often still very vague, a loan should be taken carefully. Banks have already prepared for this and in most cases only approve a four-figure loan. The loan for young people to banks is intended for people aged 18 to 25. The terms can be chosen between 12 and 84 months. Even if a loan is approved, the young person should always remember that they may have to pay off the loan for a long time.

In order to prevent over-indebtedness, the loans usually amount to up to 5,000 USD. The loan remains manageable, but the installments still have to be paid. One thing young people shouldn’t do is use the overdraft facility that some banks offer. Especially the young person who is not yet able to handle financial matters properly can then become a debt trap. It is also very expensive.

The loan application

The loan application

If the young person already has a permanent employment contract, he may be able to take out a higher loan amount. Nevertheless, the loan amount should always be adjusted to the income. Many young people are already dealing with a negative Credit Bureau because many cell phone bills can no longer be paid or because there were loan defaults.

Proof of the creditworthiness of the young person is the employment contract or proof of salary. The bank will also draw up a budget to see if installments can be paid at all. If there is financial scope left, it could be used for the installment. However, the entire remaining amount should not be used. Young people should always learn to put something aside and save.

Especially when the first wage comes or the first training allowance, young people cannot handle it properly and spend everything. Then parents or other caregivers should explain how to use your money wisely. The budget, in particular, smiled at by many, has already served well.

Before applying for a loan, a loan comparison should also be used for young people. The house bank is not always cheaper than an online bank.


Banks offers credit for promotion.

A doctorate loan is often taken up by prospective doctors, because the doctorate is not only a lot of work but also very time-consuming. If a part-time job has so far been carried out during your studies, it will definitely be taken during your doctorate, because full attention and energy should be devoted to the doctorate during this period.

Banks are open for promotion

Banks are open for promotion

This is the only way to obtain a doctorate and thus to complete the long-term studies with the greatest success. Many banks are open to a loan for promotion, because of course the banks are also aware that a doctorate significantly increases the chances on the job market. Students who are still working on their doctorates today can be among the top earners in the country tomorrow, which is why the risk of a loan default is often classified as very low.

Nevertheless, it is of course advantageous if the borrower can provide some security, for example a garnishable car or a person who takes over the guarantee and thus also the liability for the loan. In these circumstances, the doctoral loan can also be obtained from traditional lenders. However, a borrower who is currently working on his doctorate also has several other options.

Private lenders are often cheaper

Private lenders are often cheaper

If the borrower comes from a wealthy family home, the loan can of course also be taken out through the parents or grandparents. These loans from close acquaintances and relatives have the advantage that they generally do not cause any additional costs (for example through fees and interest) and are therefore as cheap as possible for the borrower. This is profitable, because many students have accumulated high debts, for example through student loans, during their studies, and these have to be paid off upon entering professional life.

The loan for the doctorate is an additional burden in any case, but these costs should also be kept as low as possible by the borrower. Anyone who cleverly compares the interest burden incurred and thereby reduces costs can quickly pay off their debts in later professional life and thus increase their own creditworthiness.

So whether the loan for the doctorate can be obtained from the bank always depends on the borrower’s previous charge, i.e. how many (student) loans are already running and the amount of the loan. The borrower always has the most flexible payment if he keeps the fees and the interest burden as low as possible – especially for loans with a higher value.

Is a loan possible despite a low score?

Many consumers are familiar with the term “Credit Bureau Score”, but very few know what it means. The Credit Bureau – Protection Association for General Loan Protection – is a credit agency that collects data from consumers who open an account, apply for a loan, conclude a cell phone or leasing contract and much more. A customer’s creditworthiness is determined on the basis of the Credit Bureau score, ie how likely it will be to repay a loan. 

What is the mysterious Credit Bureau Score?

What is the mysterious Credit Bureau Score?

The mysterious Credit Bureau entries that deny some consumers a loan, what is that actually? For some it is a trustworthy credit agency, for others it is a data eater. Around three quarters of all consumers in this country are recorded with sensitive data in the Credit Bureau. Credit Bureau is controversial and some fear it too, because bad Credit Bureau information prevents a loan, a cell phone contract or an overdraft facility. According to the Credit Bureau Score, even a building loan can burst.

What is the Credit Bureau Score? The score is a value that determines the creditworthiness of a customer. The score results from a statistical-mathematical procedure. There is also the so-called base score, which is a value of 0 and 100%. It is updated every quarter, so it is always up to date. The calculation works as follows: A percentage of 95% is to indicate that, in a group of 92 consumers, 92 consumers reliably pay their liabilities. The Credit Bureau score would therefore be 95%, very high and sufficient for a loan and also positive.

The lower the score, the less likely a loan approval is. The number ranges from 0-100.

How exactly the analysis of the score is going on, which data the Credit Bureau uses exactly, is not clear. Credit Bureau offers insufficient transparency here. In any case, some aspects can make the point value look negative. These are, for example, loans or mobile phone contracts that banks or companies have terminated if the consumer becomes insolvent.

Oaths of disclosure or enforcement proceedings also lower the score. In order to increase the score, the customer should pay his loans on time, even an early repayment can have a positive effect. In addition, the credit line granted should not be exceeded at the overdraft facility. Customers who know that there are negative entries in the Credit Bureau should check regularly with a self-assessment whether the entries are still right there. If entries were deleted, the Credit Bureau score would also rise again.

The loan despite the low score

The loan despite the low score

A loan application was rejected, but there are no negative entries in the Credit Bureau? In many cases, credit approval is carried out automatically based on the score. For example, if it is 50%, there is a high risk that a loan default could occur. The only thing that helps here is a personal conversation with the bank, which then has a specialist review the loan application.

A low score can also arise if the income situation is not particularly good, from possible collateral and the budget. Nevertheless, a loan can be made possible despite a low score. First, banks use their own credit assessment, although the score doesn’t necessarily tip the scales. However, the basic requirements for a credit check are very much in demand at Credit Bureau.

If a loan is rejected despite a low score, the loan seeker can turn to the Credit Bureau-free loans. The money comes from abroad. Credit Bureau is not relevant there, it is not queried and the credit is not entered.

The loan from abroad

The loan from abroad

Credit Bureau-free loans have been around for a few years and are heavily advertised on the Internet. The peculiarity of these loans is that the donors do not ask Credit Bureau. The reason, in these countries there is no Credit Bureau in the sense like here in Germany. But these banks also require collateral. Normally, the income is checked, which must have a attachable share of at least 80.00 USD.

In the case of a single person, this is net 1,160 USD. A four-person household must provide evidence of around 2,500 USD net. Since the loan is secured through income despite a low score, the loan seeker must sign a corresponding certificate before the loan is approved, which allows the bank to immediately seize payment arrears. For this reason, there must also be an open-ended employment contract that has existed for at least one year. A trial period is also not recognized.

Unemployed, self-employed or freelancers are left out of the credit despite the low score, the unemployed receive state benefits that cannot be seized and the self-employed have no stable income.

Despite the low score, the loan amounts offered for the loan are $ 3,500 or $ 5,000 and, depending on the credit rating, $ 7,500. The terms of the three loans are 40 months. The interest rate is around 11-12%.

The loan from Germany despite a low score

The loan from Germany despite a low score

If the foreign loan is rejected for whatever reason or if the customer does not want it, he can ask a Cream bank for a loan despite a low score. However, he will only receive a loan if he can provide appropriate collateral. This can be a property, a loanable life insurance or a second borrower or a guarantor.

If a guarantor is named, the guarantor, like the borrower, must also have sufficient income, an impeccable Credit Bureau and a permanent position. In addition, despite the low score, the guarantor of the loan should be informed about the risks of a guarantee. He should only sign a guarantee if he can easily pay any installments from the loan. The surety should also know that the guarantee reduces his own credit rating. The reason the guarantee is entered in the guarantor of the guarantor and added to his liabilities when a loan request is made.

If none of the aforementioned collateral can be provided, a loan from private individuals remains. This can be from relatives or friends. However, objectivity and correctness should come first. If funds come from relatives, for example, a written contract must still be drawn up in order to avoid disputes later under certain circumstances.

Take advantage of a loan during parental leave on attractive terms.

Private borrowers can now look forward to a wide range of offers on the credit market. Numerous banks and savings banks today offer their customers several credit products. In addition to the numerous large banks, there are now more and more online banks among the providers who can convince with particularly attractive conditions. Not only do loan offers on the market differ significantly in terms of interest, there are also large differences in terms of use, loan amount, term and repayment, so that borrowers should definitely make a comparison today before they conclude a contract.

Anyone who needs a loan during parental leave should not face any major problems today. Employees who decide to take parental leave cannot be terminated during this period. Only the limited financial options should be taken into account. Especially during parental leave, it is all the more important to refer to a comparison of several offers on the Internet before signing a contract.

 This is how it works with the low effective interest rate

 This is how it works with the low effective interest rate

Above all, a loan during parental leave should offer a low effective interest rate. The effective interest rate for most offers is variable today and is primarily dependent on the borrower’s creditworthiness as well as the term and loan amount. Even during parental leave, the borrower is entitled to 60% of the income, which of course limits the creditworthiness, nevertheless, for example, the effective interest rate can be positively influenced with a positive Credit Bureau.

Borrowers have the opportunity to influence the effective interest over the term and loan amount. A high loan amount and a long term lead to higher effective interest rates, which can be explained primarily by the higher credit default risk. Since the banks take less risk with small loan amounts and short terms, borrowers can benefit from significantly lower interest rates.

Borrowers who opt for a loan during parental leave should definitely resort to a loan with the option of special repayment. After parental leave has expired, the conventional income is available to the borrower again, so that the repayment can also be carried out more easily.

Securing the lowest interest rate permanently – A comparison is essential

Securing the lowest interest rate permanently - A comparison is essential

In order to be able to benefit permanently from the best individual offer, borrowers should make use of a comparison on the Internet. The comparison of several offers is possible today free of charge on the Internet. With the help of a loan calculator, the borrower has the option of including individual information in the comparison. By taking into account a certain loan amount, term and repayment, borrowers can directly filter out the best offers and call up the lowest interest rate permanently.

Bank offers credit for private school.

Public schools are free, but teaching staff are often overwhelmed. The children are therefore taught less knowledge – a serious disadvantage within a knowledge society. More and more parents send their children to private schools. A credit for the private school helps to cope with the high fees of private schools.

Credit for private school – inevitable?

Credit for private school - inevitable?

Free schooling was one of the great achievements of the past. Social change, chronic empty state coffers and other factors have significantly worsened the quality of education in state schools. Public school teachers are fighting a hopeless fight. Teaching materials are outdated or not available, the school buildings are often in poor condition. Many children don’t even speak German when they start school. Lessons with the lowest common denominator are inevitable.

If you can afford it, send your children to a private institution. Most private schools guarantee an above-average quality of training. Unfortunately, this high standard of training often requires high fees. A loan to the private school is for many the only way to finance the education costs.

Public loans for school education

Public loans for school education

There is no direct loan for the private school from public funding. It would be conceivable to cover part of the costs through German State Funding. However, the prerequisites for a German State Funding permit are linked to narrow income limits. People who send their children to a private school tend to be well above these limits with their income. Another financing option would be the education loan.

Educational credits, however, require the student to be of legal age and are intended for the last phase of training. In rare exceptional cases, such as a semester abroad, this funding would at least be conceivable. However, the educational loan is not an option as a financing option for the regular school days. A scholarship to finance school fees would also be conceivable. Both political and private foundations have a budget to support particularly talented students.

Financing the private school on the open market

Financing the private school on the open market

In most cases, private school can only be financed through a loan on the free capital market. Any loan that is not tied to a specific purpose can be used for this purpose. Both local commercial banks and online banks are possible providers of this type of loan. Interest rates and loan terms should be the deciding factor in deciding who to apply for the loan.

The loan comparison on the Internet quickly clarifies which provider offers the best loan conditions. It is not infrequent that the increased school costs at the beginning of the school year make the loan necessary for the private school. In these cases, it is often enough to help the child’s career with a small loan. Small loans from the Internet are approved using the simplified procedure. They are particularly low-interest and repayable in small installments.

Loan despite negative credit rating and creditworthiness.

What are the chances of getting a loan in a serious manner despite a negative reputation and creditworthiness? As a rule, this question is answered quite succinctly with a “minor”. And indeed: With a traditional bank, you don’t even need to apply for a loan under these conditions.

This would be rejected without hesitation. But what are the chances apart from the big donors? For example, by brokering a loan through a credit broker or by applying to a foreign bank?

A loan despite a negative credit rating and creditworthiness through a credit intermediary

A loan despite a negative credit rating and creditworthiness through a credit intermediary

Credit intermediaries operate primarily over the Internet, as they have the greatest possible customer appeal here. Your activities are not limited to any specific catchment area. They also work with a wide variety of lenders.

Credit brokers work according to a very specific scheme. In this way they take inquiries from their customers, record all relevant data and use this data to find a suitable lender. They charge an agency and processing fee for their services, which in most cases the borrower has to pay.

You should be aware of this fact from the start and plan the possible costs. Since a loan is sought despite a negative credit rating and credit rating, one must assume that the interest will be significantly higher than for a credit with a good credit rating. In addition, one should not expect large amounts of credit, since these require collateral that can hardly be raised in such a situation.

A loan from abroad despite negative credit and credit rating

A loan from abroad despite negative credit and credit rating

A loan from abroad can also help with bad credit and creditworthiness. Here it is mainly Switzerland that is known for its financial support. You can apply for a Swiss loan either directly on the Internet or in Switzerland. Perhaps the loan can be combined with a short trip or vacation to Switzerland. So you can negotiate the conditions directly with the bank and get a good loan offer.

Important: Even if you get a loan without Credit Bureau in Switzerland, there must still be collateral. Among other things, this is a permanent job that generates a good income. Because even in Switzerland you have no money to give away and look very closely at who you lend money to and who you don’t. If you do not have a correspondingly high income, you should therefore look in advance for another credit protection. So that the desire for a loan can really come true.

Hurry up and get the Credit Bureau – free instant loans.

The Credit Bureau is always the tip of the scales, which decides on a loan. If there are no negative entries, you can assume that there is not much in the way of a loan.

However, if you have some problems with the Credit Bureau and have accumulated one or the other negative entry, you usually do not even have to try to apply for a loan from your own bank or another traditional Cream bank. The rejection of this application is there faster than the application was made. But what to do if a loan is needed despite all of this? At best, even one of the Credit Bureau-free instant loans?

The solution is usually on the Internet

The solution is usually on the Internet

In order to apply for Credit Bureau-free instant loans, you should not contact the house bank. This generally works together with Credit Bureau and will under no circumstances refrain from including its data in the decision on a loan. Here you would only have a chance if you found an additional borrower who was not negative in the Credit Bureau and who therefore applied for the loan. However, as is well known, this is not the point and purpose of Credit Bureau-free instant loans.

If you are looking for Credit Bureau-free instant loans, you should take a closer look at the Internet. There are some providers here that are active in this area and also grant or broker credit that should be taken out with unfavorable conditions. Many consumers have a negative Credit Bureau entry because of small things that have already been paid for but have not yet been deleted from the Credit Bureau. Generally, refusing a loan here makes little sense. And so it is credit intermediaries and small independent credit institutions that grant a loan even in such situations.

As a borrower, all you have to do is provide meaningful collateral.

As a borrower, all you have to do is provide meaningful collateral.

These can be in the material area or in the form of a guarantor or second borrower. In order to really get processed and paid out Credit Bureau-free instant loans, all important documents must be complete when you apply. This is the only way the administrator of the lending institution can check everything and approve the loan.

However, you have to consider that an instant loan can be processed quickly and easily. But the money still has to be paid out. If this should also happen quickly, then you should make sure that the loan comes from an institution that works with lightning transfers. In such a case, the money is in the borrower’s account within a few minutes and is therefore quickly available.

Avail a credit without upfront costs and without Credit Bureau.

Stepchildren in loan offers are consumers with a burdened Credit Bureau. Banks have three approval criteria that the customer must fulfill. That is the sufficiently high income, the clean Credit Bureau and the permanent employment. If the loan seeker can meet these conditions, he also receives a loan. The customer with a debited Credit Bureau does not meet these conditions, he has to look for other ways of obtaining credit. Credit brokerage can be a valuable help.

These specialize in lending in difficult cases. The credit broker does not grant loans, but, as the name suggests, arranges loan seekers for lenders. However, if the customer has already asked a few banks and has been rejected everywhere, he should ask himself whether the bank’s concerns about impending payment problems are justified. Then debt advice would be more important than a credit broker.

The loan with no upfront costs and no Credit Bureau- the prospects

The loan with no upfront costs and no Credit Bureau- the prospects

Banks will only approve loans after a comprehensive review of the applicant’s creditworthiness. This also includes obtaining Credit Bureau information. If this is negative, the bank will reject the loan. For the loan seeker, there is then the opportunity to look for a Credit Bureau-free loan. They can almost only be obtained through special loan agencies. In most cases, the money comes from abroad.

The name Swiss credit may say something to some customers. Loans that have been around for decades and can be serious. Up until 2009, the loans came almost exclusively from Switzerland, hence the name, Swiss credit. Agree bank from Liechtenstein has adopted this form of credit since 2010. This was preceded by a bank dispute, which was ended by a court ruling prohibiting Swiss credit agencies from granting German loans. The reason was a lack of a banking license.

According to research, only the Liechtenstein bank has this license. The customer can apply for his loan directly from the bank. The bank has a website and a very simple homepage, where even the less experienced customer can search for a loan without any upfront costs and without Credit Bureau. But experience has shown that preparatory work on the credit check was a bit exhausting. Be it from the bank or from the customer, since he had not sent all of the documents in full.

A credit broker can do this work, so that the speed of approval is definitely given. However, in the case of a loan with no upfront costs and no Credit Bureau, the customer should make sure that the commissioned credit broker works seriously. There is an unmistakable sign, if he asks himself before the loan application is made, preliminary costs or prepayment, he is probably not working seriously.

Even home visits that the customer does not want in order to urge those interested in credit to sign insurance contracts are not permitted. Even the almost compelling of residual debt insurance is not part of serious business conduct. In general, a reputable credit broker works without any upfront costs. He receives his commission only after the loan approval has been granted.

A credit broker can also be an advantage, especially if the customer has already made several credit inquiries and all have been rejected. An entry is also made in the Credit Bureau: A Cream bank could also arrange a loan for an easier Credit Bureau entry, for example because an invoice has not been paid and has already been reminded. But these banks usually don’t have any informative advertising, so a normal loan seeker of course doesn’t know these banks. However, when it comes to a loan with no upfront costs and no Credit Bureau, it must be ensured that it is on the lookout for a credit broker who has been active in the financial market for many years and has acquired a corresponding reputation.


The credit check

The credit check

Anyone who now believes that a loan can do without any upfront costs and without Credit Bureau without checking the creditworthiness is wrong. In the case of international loans, only the Credit Bureau is not queried, since there is no Credit Bureau in these countries under German law, but it does check the income and the permanent position. Not only that, she also draws up a budget to see if the customer is able to pay monthly installments.

The loan amounts coming from the foreign banks will, however, take a look at the ZEK. It is an institution in Switzerland and Liechtenstein, similar to the German Credit Bureau, which lists loans that have been approved in these countries. The public debt register is also viewed. If there is an oath of disclosure, bankruptcies, loan cancellations, attachments or enforcement notices, the bank will not issue a loan approval.

The loan without preliminary costs and without Credit Bureau comes from Switzerland and Liechtenstein, but the loan amount is not paid in their currency but in USD. A customer must prove the conditions these banks require, otherwise the customer will not receive any credit there.

The conditions

The conditions

This is a sufficiently high income, which must have a garnishable share and must therefore be above the garnishment-free limit. For the collateralization of the loan without upfront costs and without Credit Bureau, the assignment of the attachable portion from the income of the customer is required, the customer must sign a corresponding certificate. The bank checks the permanent position on the income, which must have existed for at least half a year, sometimes even a year. The employment contract may not be limited and may not be given a trial period.

The loan amounts are limited. Different loan amounts are provided from provider to provider. The most approved loan is 3,500 USD and has a rate of 105.00 USD. Then comes the 5,000 USD loan that needs a good income and has a rate of 150.00 USD. With very good income, 7,500 USD are also approved, which are repaid monthly at around 225.00 USD.

If the customer sees a Credit Bureau-free loan offer of USD 15,000 and more, he should be skeptical. Mostly behind it are dubious intermediaries. This loan is also referred to as a quick loan or an emergency loan without any upfront costs and without Credit Bureau, which is also not the case. Experience has shown that it usually takes 7-8 working days from the loan application to the loan payment until the customer finds his money in the account. The statement of very favorable interest rates should also be carefully observed, since the interest level is almost always in the double-digit range, similar to the interest burden of a overdraft facility.

A loan without upfront costs and without Credit Bureau should therefore only be taken out if a smaller financial bottleneck has to be bridged and the overdraft facility at the bank has already been exhausted.