With a loan, you borrow money, whether from a bank or privately. You will only get that if your credit rating is given. Banks have a formal credit check and do not grant credit without a credit check. But even in the private sector, someone will only get credit if the lender is convinced that the borrower will repay the money. Therefore there will be no loans without a credit check in this form.
Swiss credit without credit check
Swiss credit is a product specially developed for German borrowers, which does not include some of the credit checks that are customary at German banks, but not entirely. Logical, because Swiss banks also want the borrowed money back.
The banks in Switzerland consciously refrain from obtaining Credit bureau, which means that loan applicants whose Credit bureau is negative can also get a loan here. Nevertheless, there is no loan without a credit check, because the loan applicant has to prove a regular income.
This means that unemployed people, housewives or recipients of Cream Bank have no chance of getting a Swiss loan because it is not a loan without a credit check. But he can help customers with negative Credit bureau who have a regular good income if German banks shake their heads.
How to get Swiss credit
You cannot apply for the Swiss loan directly from the banks. A credit brokerage must be interposed here. Bon Kredit has been a leader in the German market for many years. It also offers online credit brokerage for loans without Credit bureau – not to be confused with loans without a credit check. In the case of bon credit, too, the creditworthiness is checked before a successful loan can be brokered.
However, the Swiss loan is only what is colloquially known as a small loan. The loan amount may not exceed 3,500 USD. It must then be repaid within 40 months. This creates a rate of around 100 USD. The income of a loan applicant must therefore be at least 100 USD above the personal garnishment exemption limit. These types of loans offer the advantage that no reports are sent to Credit bureau about their existence, and they can run as a side loan, so to speak.