What does a Swiss instant payday loan cost and who offers a private credit checker-free international loan? The article provides information on loan providers and loan terms for a Swiss loan without private credit checker.
A Swiss instant payday loan is advertised with various advertising keywords. Magazines often talk about housewife credit or express credit without private credit checker. On the Internet, the terms Swiss credit and instant credit without private credit checker shape the advertising. Anyone who believes that they have very different loan offers or at least different loan providers in front of them is unfortunately wrong. After thorough research, everything indicates that there is only one legal, private credit checker-free loan offer from a foreign bank. The different advertising messages come from credit intermediaries.
The loan offer is simply advertised with a wide variety of keywords. The first freedom of advertising begins with suggesting Switzerland as the country of origin for the loan. Until around mid-2009, loans without private credit checker actually came from Switzerland. Then BaFin (banking supervision) prevailed and banned lending to borrowers from Germany. Of the original three credit providers, only fodium finance was still active. Fodium finance lacked the banking license necessary for Germany. In April 2009, the Federal Administrative Court finally decided the case and prohibited further business in Germany. This set a precedent.
This decision practically made legal credit without private credit checker impossible. Any other credit institution without a banking license for Germany is also denied legal lending of private credit checker-free loans in Germany. As far as understandable, only nice bank credit grants private credit checker free foreign loans – legally. The bank was founded in Liechtenstein in 2010 especially for this purpose. By the way, the credit bank does not offer a real Swiss instant payday loan. Nevertheless, a credit approval is possible within about seven working days.
A loan without private credit checker, no matter which credit broker it advertises, is not a credit without a credit rating. The credit check only takes place without private credit checker, and an approved credit is not entered in private credit checker. Labor income and the public debt register are checked. In the debtor register, persons are recorded who, for example, have taken the affidavit or are looking for a warrant. The bankruptcy procedure is also noted. An entry in this directory automatically ends every credit opportunity.
Labor income is also used to prove creditworthiness. It even has a central position for lending. Only those who are in dependent employment qualify for a Swiss instant payday loan. The employment contract must also be permanent and exist for 12 months. (Exception for time soldiers). The amount of income required is higher than for ordinary lending. The seizure allowances must be exceeded more clearly.
In addition to the attachment limits, the amount of the loan amount applied for is also relevant for the net labor income to be proven. The following credit terms for a Swiss instant payday loan refer to the direct application. External costs are not included in the information on the annual percentage rate. The net income to be demonstrated relates to a single applicant.
A private credit checker-free Swiss loan cannot be applied for for any loan amount. Only the net loan amounts of USD 3,500 and USD 5,000 are possible. An effective annual interest rate of 11.62 percent is calculated for a Swiss loan without private credit checker in the amount of 3,500 USD. It includes interest costs and processing costs. Interest costs for the entire term arise 574 USD. The one-time processing fee is 164 USD. A total of $ 105.95 and $ 4,238 will be repaid in 40 equal monthly installments. At least a net income of USD 1,130 per month must be proven.
A Swiss loan of 5,000 USD can be approved at an annual percentage rate of 11.61 percent. With this loan variant, processing costs of USD 224 are charged. A total of 830 USD in interest must be paid during the entire term. Again, the repayment will be made in 40 equal monthly installments, this time in the amount of 151.35 USD. For 5,000 USD foreign credit without private credit checker, 6,054 USD must be repaid. Only a net work income of at least 1,600 USD qualifies for the loan request.
Anyone who follows the advertisement for a Swiss instant payday loan and applies for the loan through an intermediary must expect additional costs. On average, around three percent of the loan amount costs the more convenient application through a reputable credit broker.