More and more banks and credit institutions have today specifically targeted consumers who previously faced enormous problems with borrowing. Until now, anyone who could not show a regular income or had a negative Credit Bureau could hardly take out a loan.
Today, however, there is also the possibility for these people to benefit from attractive credit products. Installment credit products that are also available with a negative Credit Bureau can be found today, above all, at the numerous online banks on the Internet. The online banks on the Internet are now increasingly offering installment loans with negative Credit Bureau, and borrowers can also benefit from attractive conditions here.
As a rule, the banks do not have their own branch network and, moreover, they need fewer staff to process the credit transactions. Accordingly, they are able to offer loans on more favorable terms. Consumers who are looking for a loan without Credit Bureau should not do without a comparison of several offers on the Internet, precisely because of the significant increase in offers.
Find installment credit with negative Credit Bureau – this is what you need to look for when looking for the best offer
When comparing several loan offers, consumers should always take the interest into account, especially with an installment loan without Credit Bureau. A basic distinction should always be made between target and effective interest rates. While the borrowing rate is the adjusted interest rate, the effective interest rate covers all costs associated with borrowing.
In addition to creditworthiness, the effective interest rate also takes account of the loan amount and term as well as repayment. The creditworthiness of the borrower is determined on the basis of income in the case of a loan offer without Credit Bureau. Since the Credit Bureau is no longer an examining body for the credit check, the income in particular is weighted significantly higher. Borrowers with a regular high income can also benefit from attractive interest rates with an installment loan with negative Credit Bureau.
Term and loan amount always pose a risk, which is difficult for the bank to calculate. Long terms and large loan amounts in particular are statistically proven to have a higher credit default risk, which is why banks are demanding higher interest rates.
For this reason, borrowers should always choose a short term and the lowest possible loan amount. A installment loan with negative Credit Bureau should also offer the option of special repayment if possible, since this way the remaining debt can be reduced quickly.
Find installment loan with negative Credit Bureau by comparison
The comparison of several loan offers can be realized quickly and easily on the Internet today. Credit calculators enable the targeted comparison of several offers, taking individual information into account.