In our opinion, savings of several thousand euros in the example clearly show why it is so important to compare offers from branch banks and direct banks. In most cases, monthly installments are set. These are all aimed at the likelihood that you will pay back the money in the allotted time. Can two people take out a loan? Therefore, when comparing, you should also pay attention to the interest rate from the representative example. Set the desired term.

Loan without proof of income: KREDU-MASTERCARD AS AN ALTERNATIVE. In the case of such a loan, the bank also carries out a credit check. Advantage for you: when you compare the offers in our loan calculator, you already know what interest rate you will receive if the bank checks your creditworthiness positively.

Whenever terms such as “loan without proof of income” are used, it is important to first clarify what exactly is meant by this. Here, an experienced credit advisor will check whether the loan you have chosen is actually the best for you. Submit the application to the desired bank. Every customer receives a rechargeable virtual Mastercard from us. If you can repay the amount monthly without major restrictions, this increases your chances of getting an installment loan. Sometimes the amount of the loan as well as the term or the duration of the fixed interest rate are also included. The representative example required by the EU Consumer Credit Directive (also known as the two-thirds example because at least two-thirds of all borrowers must receive the interest rate specified therein or a lower rate) can be found for each bank below the key data and conditions.

How does our loan calculator work? Also, you should make sure that the loan amount you want fits your current income. However, you should be careful here: In the case of loan offers that are advertised with promises such as “credit without evidence”, dubious providers often hide, who either charge extremely high interest rates on their loans or want to lure customers into a scam . A few more detailed explanations: Credit providers in Germany are legally obliged to check the creditworthiness of their customers. This applies, for example, to a car loan or a real estate loan. For every offer in our loan calculator, you will find information on whether the interest rate depends on the creditworthiness or whether it is an offer with interest independent of creditworthiness.

1. Finally, there’s ‘s no visible contact information available, so if you have any issues that need addressing, nothing could be done. Enter the desired loan amount. What is an installment loan and how does it work?

Creditworthiness-dependent or creditworthiness-independent interest. more Let the professionals do the work for you. Our loan calculator helps to save money. ✓ Immediate top-up on prepaid Mastercard. This includes the amount of the loan, the term but also the personal circumstances of the borrower such as creditworthiness and income.

Top up your credit today. You pay online with your credit on your credit card. The repayment period depends on the loan amount and the amount of the installments. 2. Compare the results. Loan without proof of income: KREDU-MASTERCARD AS AN ALTERNATIVE.

Here the question arises again and again what a loan with interest independent of creditworthiness is. The following example shows how much money you can save by using our loan calculator and comparing different offers: ✓ Repayment after 45 days. A loan request is only made when you have decided on a specific offer and put your signature on the contract with the bank. Larger investments, such as the purchase of a property, are almost always financed through loans.

Every approved credit is immediately booked on your virtual prepaid credit card. This includes constant rates over a certain period of time and the amount of interest. It is often assumed that this also means that no credit check is carried out. The amount of interest depends on various factors. Often you will even get better loan conditions if you do not apply for an online loan alone, but in pairs, for example with your spouse. At KREDU you have the option of taking out a credit (€ 50 – € 2,000) without having to present proof of income or salary.

The following applies: the higher the loan and the lower the installment, the longer the term. Loan without proof of income – what does it mean? An installment loan is useful if you need a certain sum, for example for a purchase or a repair, and your income situation is such that you can repay the loan within the specified term. Representative example. You will receive your rechargeable Mastercard. Feature Conventional­licher bank­fixed rate loan­credit from our credit­Calculated loan amount 20,000 euros Term 72 months Effective annual interest 7.95% pa 3.49% pa Bound interest rate 7.67% pa 3.44% pa Sum of interest payments 5,016.47 euros 2,163.50 euros Monthly installment 347.45 euros 307.83 Euros Your savings of 2,852.97 euros Source: Own calculations.

With an installment loan, you borrow money and agree with the lender on the terms for repaying the loan. Selection and comparison criteria. In the case of certain loans, the purpose of the loan is also specified. If this is not the case, the credit advisor will provide you with an alternative proposal.

Employees with a permanent contract or civil servants therefore find it easier to get a cheap installment loan than, for example, the self-employed, freelancers or young professionals, who have a higher failure rate. Note: After each entry of the loan amount or term, our loan calculator recalculates and sorts all possible offers for you – starting with the bank with the best loan rates. This is how THE CREDIT ALTERNATIVE works.

However, all borrowers will then receive the same interest rate. Most lenders give an interest rate range. The most important questions about the installment loan comparison. The results of our loan calculator are significantly improved by this information.

You increase your chances of getting a loan and good terms if you can show the bank collateral such as your own property, a high-quality car or art objects. Whether the bank grants you an installment loan and what the conditions are, or whether the loan is even rejected, depends on several factors. The data that you enter in our installment loan comparison will be forwarded to our cooperation partner FINANZCHECK. The functionality and operation of our loan calculator is quickly explained: Does this mean that the service isn’t free and otherwise, how much does this cost?

There’s no reference on this everywhere. That’s fine. You get the money topped up immediately as credit. So it is sufficient if you fill out the installment loan application once, you do not increase your chances of getting a cheap installment loan by querying several loan terms using our installment loan comparison.

Select the intended purpose. Here you can find out how it works, what requirements you have to meet for the credit and what other advantages KREDU can offer you. Finally, loan ‘s legitimacy is questionable based on what there is to learn about McKay, the system and the simple fact that there might be hidden costs. You use the credit to pay for your online purchases worldwide and pay the credit back to us after a period of 45 days. When does an installment loan make sense? Following this comes the claim that there are no fees attached. Hence, putting money into something that doesn’t shield members is much better avoided altogether.

So that the data on our computer is really up-to-date, we maintain it every working day and are in close contact with the lenders and specialized service providers. ✓ Credit of 50 – 2,000 EUR even with medium Schufa. Loan without proof of income: KREDU credit as a flexible alternative. The interest rate proposed by the bank for the financing depends on the applicant’s creditworthiness.

3. A guarantee can also improve your chances. The representative example is more informative than the best possible effective interest rate, which of course not everyone can get.