No bank and no private person will be given a loan without creditworthiness. This would mean issuing a complete blank check and no guarantee that the money lent would ever be seen again.
However, the criteria for lending can vary widely and depend not only on income but also on other collateral. To get final clarity, a comparison of the conditions of the individual loan providers on the Internet is recommended.
If you have a fixed income and a permanent employment contract, you can apply for a loan without a Credit Bureau from abroad. It is not necessary to apply for the loan directly on site. Almost all foreign banks or private lenders have prepared a special application form, which must be completed and then sent. Once this has been done, the foreign lender will check whether the customer meets the requirements for a loan approval.
If this is the case, the loan will be paid out within a very short time, otherwise the application would have to be rejected. There are two main ways of paying off the loan. It can be transferred to the current account or paid out by post. The latter option in particular offers the customer maximum discretion. Neither the house bank nor the Credit Bureau has to learn anything about the foreign loan.
Loan without proof of income
Proof of income is a very important element in the credit check. This is the main reason why it is very difficult not only for the unemployed, but also for freelancers or the self-employed to obtain a private installment or consumer loan. A credit without proof of income will never be a credit without credit. If the income is not paid regularly or is missing entirely, other collateral must be deposited with the bank or with the private lender.
This can be a guarantor or a co-applicant as well as a capital life insurance, a private pension insurance, a debt-free property or a securities account. Anyone who promises a customer that a credit without creditworthiness is possible at any time and without special requirements is certainly dubious and should be avoided urgently. The same applies in the event that high fees are charged before the actual lending. A reputable lender will incorporate all of the costs associated with lending into the monthly loan installments.