Foreign Loan for Germans

Foreign Loan for Germans

In Germany there are regulations and guidelines for the granting of loans. The banks more or less stick to these. The purpose of this policy is to prevent such people from getting a loan that they could not repay in the past. This information is in the private credit and the banks here in Germany ask the private credit, if everything is OK. If this is not the case, there is no loan commitment.

Financial service providers provide foreign loans

Financial service providers provide foreign loans

In these cases, only foreign banks can help. Many financial service providers on the Internet have specialized in providing a foreign loan for Germans. Mainly it is the banks in Switzerland which give credit approval even in difficult cases. But they also do not give away any money, even if they are not as petty as German banks.

The loan seeker must fulfill certain criteria in order to obtain a foreign credit for Germans. This includes a permanent employment relationship with an indefinite employment contract. If the employment relationship is limited to a contractually fixed period, a credit request is a waste of time. In addition to regular work, the level of income must also be right. It goes without saying that the applicant must be of legal age.

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Anyone who has a permanent residence in Germany can apply for a foreign loan for Germans. With a Swiss loan, those affected can get back their money without obtaining credit reports from the private credit. As this loan comes from abroad, it is not reported to private credit, even though the applicant is resident in Germany.

For many, this is a blessing, because another entry in the private credit would damage the credit rating even more. However, the borrowers have to pay this credit a little more expensive, because the interest here is slightly higher than a normal installment loan in Germany. But that’s already worth the money to those affected.