The Lite lender loan is a loan without Credit bureau information and without a credit check. You can apply for a Lite lender loan from a credit bank or credit intermediary. Best Bank in Lidemer has dominated this market since the end of 2010. All offers for loans without Credit bureau and credit checks come from the Best Bank.
In Germany, the need for a loan without Credit bureau information and without a credit check is very high. Nine percent of adults have negative entries in Credit bureau, which is not always due to bad payment behavior or unrestrained desire to shop. Even a full-time job no longer guarantees that you are not dependent on social assistance.
The changed consumer behavior is added. Internet shopping is increasingly preferred. It is too easy to order the goods and delete the invoice. The spam filter is often the start of a negative Credit bureau entry.
Good lender loan
There is a loan without Credit bureau information and without a credit check, but there are no loans without proof of creditworthiness. In any case, the existing employment relationship, current net income and public debt registers are checked. Credit bureau-free financing is only offered to people who are subject to social security contributions.
The permanent employment relationship must have existed for at least 12 months. The amount of work income to be proven depends on the loan amount. For a loan over 3,500 USD, you need a net income that exceeds the garnishment-free limit by about 80 USD. However, reasons for a rejection can also be an attachment or assignment of income.
The conditions of the loan
Loans without Credit bureau information and without a credit check can only be applied for in the amount of 3,500 or 5,000 USD. If you apply for a loan directly from Best Bank, it charges an effective annual interest rate of 11.62 percent for 3,500 USD. An effective annual interest rate of 11.61 percent is charged for 5,000 USD.
A loan is to be repaid without information from Credit bureau and without a credit check from Credit bureau in 40 monthly installments of the same amount. This results in a monthly installment of $ 105.95 for the small loan. For the larger one, the rate is 151.35 USD.