In Germany it is not easy for everyone to get a loan. There can be different reasons for this. Customers with poor credit ratings are often rejected. Banks always check the customer’s Credit Bureau when applying for credit. The worse this turns out to be, the harder it will be to apply for a loan. The Credit Bureau contains unpaid bills, credit agreements and other payment requests that the customer may not have followed up. This often leaves only the way to apply for a loan in Switzerland.
Swiss credit information
This loan is increasingly being granted in Switzerland and has different advantages. For one thing, banks do not work with Credit Bureau. You give yourself the collateral in the form of pay slips. If the salary is so high that it can be attached if there is a default, a loan is often given. Since Credit Bureau is not used, the loan that is applied for in Switzerland is not recorded in Credit Bureau.
Customers can take out a loan in Germany later, if their credit rating is better. Nobody has to go abroad to apply for a loan in Switzerland. Credit brokers who work with foreign banks work for this. The customer is increasingly finding these on the Internet. Credit intermediaries charge a fee for their services, but this only has to be paid after a contract has been signed.
Requirements for the loan
In order to apply for a loan in Switzerland, certain requirements must be met. Not only the salary that was mentioned is crucial. In any case, the applicant must be of legal age, must not work during the trial period and must be registered in Germany. The relevant documents must be sent to the credit intermediary. The latter forwards the documents to the bank, which are checked again there. If all requirements are met, a loan is concluded. The customer can look at different loan offers and choose one. If there is no suitable offer, you have to continue searching. In such a case, it is advisable to contact several credit intermediaries so that the selection is wider.