The desire not to take out a risk loan together with a co-applicant is understandable. But is there a loan without Credit Bureau and co-applicants? Of course, the waiver of Credit Bureau is not tied to a co-applicant.
Credit without Credit Bureau and co-applicants – minimize credit risk
Many people who are looking for a loan without Credit Bureau are desperate. They would often be prepared to provide every conceivable security. Interested creditors who could ask for help from a solvent co-applicant even have various options to obtain a loan. An ordinary loan without Credit Bureau can of course be applied for without a co-applicant. This is actually the usual procedure.
The loan without Credit Bureau and co-applicants could be applied for through a credit intermediary or from a direct provider. Most real loan offers from advertising relate to a specific loan offer. It comes from Litebank from Liechtenstein. A simple online form is used to apply. It must be filled in and sent to the credit institution or credit intermediary by post.
The information required relates to the usual personal details, marital status, credit obligations and the income and expenditure situation. The credit request is secured only through a very extensive assignment of income.
Credit conditions for the loan without Credit Bureau
The loan offer is limited to two loan amounts. You can apply for a net loan of USD 3,500 or USD 5,000. The duration of both offers is equally fixed at 40 months. The required annual percentage rate is around the level of an average overdraft facility. For 3,500 USD credit, 11.62 percent effective annual interest must be paid. In the variant with a loan amount of 5,000 USD, it is 11.61 percent.
The APR includes all costs and fees that apply for the direct application. The right to early loan repayment is granted, but additional costs can be expected.
Anyone who does not receive a loan approval should proceed very carefully when looking for a loan. Most serious offers, for a loan without Credit Bureau and co-applicants, relate to exactly this loan offer. The risk of falling into the hands of a swindler increases significantly if the loan search continues.
Through the co-applicant for normal credit
For a loan without Credit Bureau, a co-applicant should be avoided. Either it works without a guarantor – co-applicant or another variant is the much cheaper alternative. If a co-applicant is requested, the solvent helper bears practically the credit risk alone.
A person who puts this trust in another person’s willingness to repay and repayable also goes one step further. Instead of signing as a co-applicant, the helpful friend or relative could apply for a loan independently.
In this way, the low-interest loan offers, as can be found in the loan comparison, are open. The sum of 3,000 USD can be financed with a term of 12-36 months for only 2.89 percent APR. If the helper lends the money in need, the loan is cleverly bypassed without Credit Bureau and co-applicants.