The banks also check the data in the Credit bureau for a small loan, which most consumers are not even aware of because the process runs in the background. Of course they have to sign the so-called Credit bureau clause, but many do not pay attention to it. It becomes difficult when the creditworthiness is poor. Then even a small loan can fail. But with a good credit rating it is not an issue to get a small loan despite Credit bureau.
Who grants small loans?
All banks issue small loans and the banks outbid each other with their offers. In addition to the branch banks, all of which now also have an Internet presence, pure online banks have appeared on the market in recent years. Most of them have no branch network and can only be reached online and by phone. Due to the lower personnel and business costs, they can grant their loans more cheaply than the branch banks. The result is lower interest rates and better conditions. A small loan despite Credit bureau is possible here at any time. Of course, you also pay attention to the applicant’s creditworthiness.
Credit with negative Credit bureau with guarantor
Many consumers prefer the offers of online banks. This is not only due to the lower interest rates and better conditions, but also because a personal appearance is not necessary and is even not possible at all. The loan seeker can easily complete his application online from home and within seconds the bank will let you know whether a loan is possible despite Credit bureau or not.
This is not only practical, but also pleasant, because there is no need to talk to the bank advisor, who always asks why the loan was given. With the online banks there is no need to specify a purpose. The only exception are real estate loans, because they can only be used for this purpose.