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Swiss credit over 3500 USD

 

Swiss loans are mostly the loans without Credit Bureau paid out by Swiss banks to German borrowers. In a broader sense, of course, every loan paid out by a federal bank is a Swiss loan.

The classic Swiss loan and the limited payment amount

The classic Swiss loan and the limited payment amount

Only a few financial institutions pay out a Swiss loan of more than 3500 USD as a classic Credit Bureau-free loan. The main reason for the limitation of the loan amount is the reduced credit security, since the bank has no information about the borrower’s previous payment behavior and assumes that the borrower is applying for a loan in Switzerland because of a bad Credit Bureau.

If a Swiss loan requires more than 3500 USD, the number of possible credit banks is reduced significantly, since only a few of them have set the maximum amount to 5000 USD. With some Swiss financial institutions, loan amounts of more than 3500 USD are available if the borrower provides an additional guarantor. In this case, the guarantor, like the actual borrower, must have a sufficiently high income, and at the same time he must not be self-employed or self-employed at most Swiss banks.

Consumers often assume that if they take out more than one loan in Switzerland, they can raise more than 3,500 USD because there is no Credit Bureau request. This assumption does not apply due to the notification of all loans applied for in Switzerland to the Swiss credit protection agency ZEK. There is no currency risk with classic Swiss loans without Credit Bureau, as the settlement is carried out in USD.

Special financing

Special financing

In addition to the Credit Bureau-free loans advertised intensively by some Swiss banks, consumers in Switzerland can also take out car loans, construction finance and foreign currency loans. In this case too, the Swiss bank cannot make a Credit Bureau request because of the non-membership, but the freedom from Credit Bureau can be avoided by cooperating with a German credit broker.

In any case, the decisive factor for building loans in Switzerland is not the fact that they are free of Credit Bureau, but rather the combination of a favorable interest rate and the possibility of refinancing part of the loan amount due to exchange rate fluctuations. A federal real estate loan is of course a Swiss loan of more than 3,500 USD, which the bank has secured in a manner similar to a German financial institution through a real estate mortgage.

Even with a car loan, Swiss banks award amounts greater than 3,500 USD and, like any German bank, have the vehicle registration document handed out until the loan is repaid. In contrast to the predominantly advertised Credit Bureau-free loans from Switzerland, construction loans and partially car loans are not processed via a German account of the federal credit institution, so that additional bank charges are incurred.

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Credit with 400 USD income

 

 

More than seven million people are practicing a “mini job” in Germany. On the one hand, the popularity of these employment relationships increases, but often they are also accepted out of sheer necessity.

Mini-jobbers also have rights

Mini-jobbers also have rights

Employers stubbornly think that people with mini jobs are less protected under employment law than the so-called “normal” employees. It is a misconception that even mini-jobbers have rights against employers. Even with banks, but it can be a difficult thing to get a loan with 400 dollars income.

People who want a loan with an income of 400 dollars are far from being on the wish list of a normal banker. The jobs are mostly poorly paid and somewhat insecure. Since collateral is not exactly the first choice, banks are reluctant to grant a loan.

Perfect reputation and prerequisite

Perfect reputation and prerequisite

To receive a loan, guarantors and a positive Credit Bureau are absolute basic requirements. Banks like to see guarantors standing in when the original borrower can no longer pay.

There are very important requirements for the mini-jobber. This includes a positive Credit Bureau and a good guarantor. If the mini-jobber is unable to pay, the guarantor enters into the payment obligations, banks are happy about guarantors. The most important thing for them is that the loan is well secured and there are no difficulties with repayment. The chances of getting a loan with an income of 400 dollars can therefore be increased considerably if the applicant can deposit private deposits or certain goods.

If the loan amounts are small, an immediate loan or a loan without Credit Bureau should also be considered. Such loans are often offered by intermediaries. Both generally lead to high interest rates and processing fees. It is therefore worth considering whether you really need a loan with an income of 400 dollars, or maybe better to ask for support in the family.

A loan with an income of 400 dollars up to 25,000 dollars is currently possible. With an interest rate of 3.9% to 9.9% and a maximum term of 84 months, the interest rates are even relatively moderate.

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Credit during the trial period – advantages and disadvantages

A trial period is always associated with advantages and disadvantages. On the one hand, the employee can quickly change his job if he realizes that the job does not suit him. On the other hand, the employer is always right if the employee is no longer employed. So the risk of losing your job is particularly high.

No reasons need to be given during the trial period as to why the employment relationship will not continue, making this point a major disadvantage. It is precisely for this reason that people who work during the probationary period have a lot of difficulties in getting a loan during the probationary period.

Initial situation for a loan during the trial period

Initial situation for a loan during the trial period

There is a fixed income for a certain period of time, but nobody knows how long the applicant is really employed. Since he can immediately lose his job and thus his income, he is not welcome at banks when it comes to a loan during the trial period. Anyone who works during the probationary period and already has a contract in their pocket that proves that the employment relationship will continue will be treated like a normal borrower and will receive a loan without much “ifs and buts”.

Credit opportunities even during the trial period

Credit opportunities even during the trial period

Who does not know that? Invoices arrive that were not planned, the car has to go to the workshop or an important purchase cannot wait any longer. Something like this also happens to people who work during the trial period. So that this group of people can also take advantage of credit opportunities, they should not only offer their income, but also the income of a guarantor as security. It happens again and again that a guarantee is requested for a loan.

So should those who apply for a loan during the trial period. So there is enough collateral to get a loan. However, this should not be too high, because a loan must also be repaid. The amount should be manageable, so that only small repayment rates arise.

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Loan during pregnancy is possible

Pregnancy naturally changes the life of the pregnant woman and her environment considerably. The birth of a child is always a deep cut in your own biography. But in addition to many moments of happiness, many parents-to-be also think about the financing of the child. The support from the state is often not sufficient to carry out all important errands beforehand. After all, there is only child and parental allowance from birth. But the room, the stroller and other things have to be bought in advance.

A baby is not cheap

A baby is not cheap

Especially when couples are expecting their first child, the purchases that have to be made in advance should not be underestimated. Because the baby must have its own bed, a changing table, a wardrobe, a stroller and many other accessories. Vials, baby bathtubs, bed linen and the like may not be too expensive in themselves, but in total many parents are surprised at how much money you have to put on the table for all of this.

It will of course be even more expensive if a move is due due to the new family member. Often, these cumulative costs can only be paid with the help of a loan. But is it possible to get a loan during pregnancy?

Most banks grant a loan during pregnancy

Most banks grant a loan during pregnancy

Most credit institutions first check the creditworthiness of their customers before they are issued. Without a negative Credit Bureau entry, the chances of getting a loan are pretty good at first. For pregnant women who have a permanent job, there should be no problems with lending. On the one hand, they are protected against dismissal, on the other hand, they can expect to have at least 67% of their last net salary as income after birth.

This parental allowance is only paid for one year, but if the loan amount is not too high, a manageable term is often possible. With a sum of 5000 dollars, for example, you pay almost 300 dollars a month, which would pay off the interest in one and a half years. For most banks, this time and these sums are so manageable that nothing stands in the way of credit even during pregnancy.