Due to the changed demand, numerous banks and savings banks today also offer loans for special target groups. In particular, private consumers with a limited credit rating have enjoyed a significant increase in credit products in recent years, which are also available with a limited credit rating.
It is not uncommon for loans to be granted today without a Credit Bureau query. In addition to the numerous large banks and savings banks, there are now also an increasing number of small banks on the market that offer credit offers even without Credit Bureau. The online banks on the Internet have revitalized the lending business significantly in recent years. Today, borrowers can not only enjoy a generally low interest rate level, but also access loans with an enormous degree of flexibility.
Today, more and more providers are offering flexible credit products that can be used to determine the loan amount and use in addition to the term. Since the supply of credit without Credit Bureau query in particular has increased significantly, borrowers should make use of a comparison on the Internet before signing the contract.
Compare loans without Credit Bureau query – this should be paid attention to
When comparing multiple offers, borrowers should definitely choose an offer with a low effective interest rate. The effective interest rate is the most important comparison criterion for many borrowers today, since it defines the total loan costs. The effective interest rate depends on various factors today. In addition to the creditworthiness, the term, the loan amount and the processing and administration costs are also taken into account when determining the effective interest rate.
Loans without Credit Bureau inquiry are granted without Credit Bureau information, but here too a positive credit rating is a basic requirement. The creditworthiness of the borrower is primarily defined here by the monthly income. Borrowers who have a constant monthly income can also benefit from attractive interest rates.
In addition to creditworthiness, the choice of term and loan amount is also crucial. Borrowers who opt for a short term and a small loan amount can benefit from a lower effective interest rate, which is mainly due to the lower risk for the banks. However, a high credit default risk is often associated with high loan amounts and long terms, so that borrowers can expect higher effective interest rates.
Compare loans without Credit Bureau query on the Internet and save a lot of money
By targeted comparison of several offers, borrowers can save a lot of money today, loan calculators make a quick and free comparison of several offers possible. The credit comparison with a loan calculator enables individual information to be included in the comparison, so that the search can be narrowed down quickly and the best individual offer can be filtered out.