Our financing partner offers the possibility of obtaining an instant loan despite credit bureau information. This means that people with a moderate credit rating or the self-employed with strongly fluctuating incomes can also get a loan “without a SCHUFA query”.
Requirements for conventional loans
To apply for a loan, certain conditions must be met. The reason for this is that lenders want to protect themselves against payment defaults. It also protects the customer from excessive loan amounts, which may then no longer be repayable. In principle, each bank has its own credit guidelines. However, they are similar in many respects. These are often the following conditions:
- Residence in Germany
- of legal age
- German bank account
- regular income
- good credit
- some additional collateral such as Vehicle letter for a car loan
Our financing partner offers the possibility of obtaining a loan despite poor creditworthiness. In this case, borrowing money without SCHUFA does not work through a bank, but through the mediation of a loan by private individuals.
Received an instant loan despite a bad SCHUFA score
An instant loan despite a SCHUFA query is possible through our financing service provider. Enter the desired loan amount as well as the desired term and purpose. You will then be asked to enter your basic personal data. Once you have filled out the form completely, you do not need to do anything else. You will soon receive further information by email.
The loan "despite negative SCHUFA" is suitable for everyone. Not only for employees or civil servants, but especially for the self-employed and entrepreneurs. After your request has been checked, you can borrow money without a SCHUFA query. Small business owners in particular benefit from this loan without SCHUFA. After all, depending on the order situation and the customer's payment behavior, it can easily happen that a bad credit rating arises due to fluctuating income. The scenario described is a common reason why the approval of a classic bank loan for the self-employed becomes a problem.
Instant loan despite SCHUFA entry: what are the advantages of such a loan?
A bank loan is sometimes lengthy in terms of the procedure. Time-consuming measures and thorough checks of borrowers are carried out. A big advantage of a credit without query at the SCHUFA is also a not inconsiderable time saving!
The advantages of a loan without a SCHUFA query at a glance:
- The loan without SCHUFA: Suitable for everyone!
- Borrowers with moderate credit ratings can get a chance here!
- Significantly faster processing than conventional bank loans, quick payment
- No impairment of your SCHUFA score
Instant loan despite SCHUFA entry: tips
Think carefully about whether you can really repay a loan despite a SCHUFA entry. It is not uncommon for banks to have plausible reasons for rejecting a loan application. If you want to take out a loan without SCHUFA information, the following tips will help.
Payment behavior and probable solvency are decisive
It is the business model of lenders to lend as much money as possible. Because they earn with every euro lent. So, in principle, lenders have an interest in lending money. This is all the more true in periods of low interest rates. If an offer is rejected anyway, it is probably because internal checks by the lender have revealed poor payment practices. The lender then expects that he will not get the money back and refrains from granting the loan. Another reason could be that the loan amount was too high. As a result, the household income is not sufficient to repay the loan installments.
Plan realistically: create one household bill
Compare your monthly income to your expenses. After all costs have been deducted from your income, you are left with your discretionary income. The maximum rate of the loan is based on this. Keep in mind that not all expenses can always be planned. The washing machine can suddenly break down, a visit to the workshop for the car is more expensive than expected, or an additional payment for electricity, gas or telephone costs flutters into the house. For such cases you should plan a buffer.
Check your Schufa entry
Errors happen with SCHUFA entries. If you have the impression that the bank is unjustifiably refusing you a loan with a SCHUFA entry, it may well be that the SCHUFA score is incorrect. Take advantage of the opportunity once a year Access the SCHUFA score for free. If errors are discovered here, you can arrange for incorrect information to be corrected or for obsolete entries to be deleted.
Where can I get SCHUFA information?
The order form cannot be found immediately on the SCHUFA site. The following link will take you there directly. The free self-disclosure corresponds to a data copy according to Art. 15 DS-GVO on the website.
A copy of the identity card or passport + confirmation of registration is optionally required for the form. When I asked for a self-assessment, Schufa explicitly requested a copy of my identity card:
Recognize dubious credit providers without a SCHUFA query
Dubious providers can be recognized by the fact that they require an advance payment for the loan. This should set alarm bells ringing for borrowers. Another feature is promises that are not kept.
If you have little or no income, you may also be interested in these 4 ways to get a loan with no income to obtain.
No prepayment with reputable providers!
Reputable providers who arrange a loan without SCHUFA information never require an advance payment in advance. Even particularly fast processing is not invoiced separately by such providers. Furthermore, reputable providers do not offer insurance about "scary" phone calls.
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