Unemployed and apply for a loan? To put it briefly: A loan despite unemployment and private credit entry is not provided in the German banking system. Whoever is out of work, who has to show negative entries in the private credit directory, will not be able to get a loan either from the house bank or from another German bank. The solution: Simply apply for the loan in a non-German system – everything is simple, legal and serious.
Hurdles in the German credit check
If you have no income, you can not get a loan in the German banking system. This is based, on the one hand, on the risk of loan default for the bank, but also on the seizure limit, which must be observed by the banks. As a result, the bank has no options for recovering outstanding amounts or minimizing their default.
An exception to obtain a loan in the German banking system despite unemployment and private credit entry is the provision of a solvent or wealthy guarantor. He signs the guarantee contract, with which he is then fully liable for the loan amount – until the last euro is fixed. The guarantor is liable with all his future and future assets. It goes almost without saying that these requirements bring a guarantor into the realm of the impossible for most potential creditors.
Foreign lenders decide objectively
However, an independent credit intermediary may also include foreign banks and lenders for lending to people with little or no income. This opens up completely new opportunities for the creditors and the credit despite unemployment and private credit entry comes by the introduction of non-German institutions within reach. Private and cross-border credit brokerage and lending is completely legal, serious and transparent. On a good customer service and long-term customer relationships and positive recommendations – is also placed in the private credit intermediary greatest value.
The optimal personal loan
An online comparison on the Internet quickly reveals the available loan amounts and the terms of the ideal private loan agreements. From the offerings that can be clearly understood, it is possible to quickly determine the most suitable loan offer for one’s own purposes. On the website of the respective credit provider, the loan request can usually be made online immediately. This is usually confirmed within 24 hours. Thereafter, the contracts are signed and – depending on the agreement – the submission of original documents by post.
The personal loan granted by a foreign bank or a private lender can thus already be paid into the account within a few bank working days. Thus, everyone, even if it is very close, the opportunity to apply for a loan despite unemployment and private credit entry in a very discreet and serious way.