Loan without guarantee – is that possible?

 

If you need a loan, you quickly get the idea of ​​using the ultimate tool to guarantee that you get the loan: the guarantor. This is a person who has an excellent credit rating and should not have a negative Credit bureau. The guarantor gives the bank confidence that if the originally planned loan repayment should fail, he will step in and be liable himself. Only: As you can already see from these lines: The demands on a guarantor are high. What if you can’t find a suitable person? What if a unsecured loan is the form of loan you need?

The loan without a surety: the ideal case

The loan without a surety: the ideal case

A loan without a guarantor can be critical, but it doesn’t have to be. The guarantor is a security system that, if everything runs and functions as it should, is not needed at all. Ideally, you have to transfer a bank that a security system will not be needed. This happens because you can easily provide all the necessary evidence to check your creditworthiness. This does not mean a negative entry in the protection association for general credit protection and such a high income that it will easily conclude that the credit rating is in order. In addition, income should also be secured in the medium to long term (no fixed-term employment contract).

The loan without guarantor: the deviation from the ideal case

The loan without guarantor: the deviation from the ideal case

However, this scenario is actually the ideal case. However, there are also certain scenarios in which you have to deviate from them. For example, if you have a negative Credit bureau, you can still get a loan, even if there is no guarantor. The banks then usually try to introduce the guarantor through the back door by having two people sign the loan application. In reality, however, you can still get a loan without guarantor from foreign banks that grant loans without Credit bureau.

Loan without guarantor: how to find it

Loan without guarantor: how to find it

The central question is therefore: How do you find a loan without a guarantor? You can either use the relatively expensive services of a credit broker or take the time to do your own research on the Internet. It is important that you not only study the pure offers, but also read exactly under what conditions these loans are granted, when and how, and you should also always consult the experience reports of previous credit customers.

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