Many consumers have bad credit and for this reason banks in Germany no longer grant credit. That is why some of them accept offers from foreign banks. However, there are also differences here whether they have branches in Germany or not.
Credit from foreign banks
Foreign banks also grant loans in this country. The difference, however, is whether they are based in Germany or not. Cream Bankbank is also represented in Hamburg, for example, and offers loans via the Internet. It is originally based in England. Anyone applying for a loan from Cream Bank must have a good credit rating, because Credit Bureau is queried even though it is a foreign bank.
The situation is completely different for Swiss banks. They are not represented in Germany and have no internet presence. If you want to have a loan from foreign banks through Switzerland, which can be an advantage, you have to contact special intermediaries. You can find them on the Internet. Swiss banks do not query Credit Bureau. Nevertheless, there are certain conditions attached to a loan. For example, the applicant must not be unemployed and must live permanently in Germany. The employment relationship must not be a temporary job.
How do I get a loan from a foreign bank?
While Cream Bank has an Internet presence, Swiss loans must be applied for through intermediaries. A reputable broker can be found on the Internet if he does not require prepayment for dubious services. The intermediary completes all the necessary formalities and is in constant contact with the banks in Switzerland. After the bank has approved a loan, the borrower receives the money in his checking account. The Credit Bureau did not report that.
While the loan amount at Cream Banks is within the usual range, at Swiss banks it is limited to $ 3,500. If a larger financial requirement is to be covered, this loan from Switzerland is unsuitable. You can only apply for a loan. A second loan will only be successful if there is only a remaining amount of 600 USD left. Those with a good credit rating and who want to apply for a loan from a foreign bank are better off with Cream Banks.