Loan from abroad | Who grants the loan

Our modern and cosmopolitan Europe allows us to think beyond borders regarding the next vacation trip. Our financial desires and desires must not only be limited to Germany, but can also easily overcome the borders that have long ceased to exist.

This cross-border thinking can always be particularly rewarding when looking for a loan from abroad. As a rule, this is always sought if the German banks do not want to grant a loan due to a deficient Credit Bureau. A negative Credit Bureau always arises when liabilities are not paid or are paid only very slowly. But what can a loan from abroad do? Where does it come from and what needs to be considered when recording it?

Who grants a loan from abroad?

Who grants a loan from abroad?

When it comes to a loan from a neighboring country, people always like to speak of a “Swiss loan”. Most of the offers come from the small Principality of Liechtenstein. You will certainly find loan offers in Switzerland, Austria or Poland. However, if you want to go the easy way, then contact a bank from Liechtenstein. These specialize in foreign loans and have ready offers for every customer who is of legal age, has a permanent residence in Germany and can prove an income.

In order to take out a loan abroad, it is not important that you visit the bank in person. Simply use the internet for borrowing. Go to the bank’s website and download all the loan documents. Fill them out, provide them with the requested documents and send everything back to the bank. She will review your records and application and tell you whether or not the loan will be approved. If the decision is positive, the money from the loan will be transferred to your account within a few days.

Note: Cash payment is not possible. Even if you go to the bank in person. In addition, the money is always transferred to the borrower’s account. So you cannot take out the loan for another person.

What are the conditions?

What are the conditions?

The conditions for a loan from abroad can only be compared to a limited extent with the conditions of a classic installment loan. There are only two loan amounts that can be freely selected. These would be 3,500 USD and 5,000 USD. The repayment is made in 40 constant monthly installments. Here, too, you have no chance of making another agreement. The monthly rates are very well chosen by the banks because the burden on you is not particularly high.

In addition, the effective interest rate is not quite as low as you may know from loan offers from Germany. Here, of course, the banks want to hedge themselves and mitigate a possible default risk through the somewhat higher interest rate. Nevertheless, the loan offers are quite decent and you can definitely benefit from them.

It works without help

It works without help

Do not get involved in offers that need to be processed through a credit broker. You can take out the loan yourself at the banks in Liechtenstein without an intermediary between you and the bank. This only costs money and will certainly not improve your chances of getting a loan from abroad.

Simply go to the website of the individual providers and find out about the offers and the related services of the banks. All information is neatly prepared and is neither hidden nor encrypted. In addition, the banks all offer telephone or written customer advice so that you can contact the respective bank directly if you have any questions or problems. Because you definitely don’t have to do without service. Not even if the bank is located outside our national borders.

No Comments

Leave a Comment