A credit approval requires a check of the creditworthiness, which is done by a Credit Bureau query. If you want a quick loan approval, you can usually save yourself the trip to your house bank.
Especially when there is a negative Credit Bureau and the creditworthiness is limited, it is difficult to obtain an instant loan without Credit Bureau and without a co-applicant. The free financial market, in this case the Internet, offers instant loans even without Credit Bureau and without a co-applicant, they resort to other collateral such as real assets, capital-building life insurance or real estate.
Securing an instant loan without Credit Bureau and without a co-applicant
As a rule, there are no waiting times for an instant loan without Credit Bureau and without a co-applicant. The borrower is usually provided with information about the loan approval and its amount within 24 hours. An unbureaucratic and quick approval, as well as the quick payment of the loan amount, speak for an instant loan. The employment relationship or the financial background at all no longer play a role, since other collateral counts.
The instant loan without Credit Bureau and without a co-applicant is available in various offers with a different interest rate, which varies from lender to lender. On the free financial market, chances are good to get instant credit from a private lender or from foreign banks.
The borrower should choose an offer that is not only based on the loan amount, but also includes their own criteria, such as flexibility and interest rate. For purchases large or small, unforeseen bills or repairs, a free credit comparison should be made online. The borrower should compare the interest and the fees with each other exactly.
Real assets increase the chances of an instant loan
A credit comparison can rule out overpriced loans. It doesn’t matter whether you choose a credit broker with contacts to foreign banks or a private investor, you can choose your own ideas based on fair offers. But the selected lender also wants to secure himself, even if the creditworthiness is not sufficient.
Real assets such as capital-building life insurance, real estate or other credit protection should be stated. If these securities are also not available, a guarantee provided by friends or relatives can bring about a promise. The advantage of a quick approval of an instant loan without Credit Bureau and without a co-applicant can thus be claimed.