In everyday life, there are usually situations in which unplanned purchases or repairs have to be paid.
However, it is often not possible to settle these obligations in one sum with the available funds. In order to avoid a Credit bureau entry, Credit bureau-free loans with an instant confirmation offer an alternative that can be used to bridge financial bottlenecks.
Importance of instant approval for a loan
The immediate approval means a provisional loan approval based on the data provided. However, this loan approval is only conditional and is not yet binding. It is essential that the applicant’s information is checked. This is usually done by post, especially for loan commitments via the Internet.
The applicant receives forms that must be filled out and signed. Documents such as proof of income or bank statements (usually of the past three months) are then to be sent to the bank. Identification is also required, which can usually be done by Postident.
Only when all documents have been submitted and checked will a final and binding loan approval be given. The processing time for Credit bureau-free loans with an immediate commitment is usually short, so that the money can be available relatively quickly.
Requirements for Credit bureau-free loans with an instant commitment
For this type of loan, too, a few prerequisites are required to be approved. These are loans that are not registered in the Credit bureau. Nevertheless, the banks expect the applicant to have some security to guarantee repayment. The applicant should be over the age of 18 and have a regular income.
An employment contract that has been in place for at least six months and is outside the trial period can be very helpful. A Credit bureau-free loan can also be granted if there is already a negative entry in the Credit bureau. In such cases, however, you should plan more time in preparation.
Submit an application
In summary, Credit bureau-free instant approval loans can be a solution to financial difficulties. However, you should plan more time when awarding the contract because negative entries in the Credit bureau that already exist can delay the acceptance. However, this does not mean that lending is not possible.
In addition, the required documents should be submitted as completely and truthfully as possible to avoid unnecessary delays.