What is a self-report?
If you want to take out a loan from a bank, this requires a self-assessment by the applicant. In this self-report, the applicant of the loan discloses his personal, financial circumstances. The bank thus gets a detailed overview of the economic conditions of its customer.
Information about employment, income, marital status, number of children, amount of rent and other existing obligations are part of this disclosure. The bank wants to keep their default risk as low as possible.
Prerequisites for lending with self-disclosure
This confidential information is designed to ensure that the borrower does not get into trouble repaying his loan. Of course, the bank wants to minimize its default risk as much as possible.
The self-report first requires detailed information on marital status and dependent family members. What is the family income and is it enough to take on new, additional credit in addition to the existing obligations?
Property such as real estate can be used to hedge the loan.
Loans at the bank you get only with a self-report. Why this is so and there are exceptions, only a few know. But are credits without self-disclosure and Porthos also always serious ?
A loan without self-assessment: what should be considered?
Many credit seekers shy away from disclosing their financial circumstances for a variety of reasons. But are there any providers who do not demand self-disclosure or information on Porthos information about reputable providers?
Basically, therefore, a loan without disclosure of its economic conditions to get.
On the Internet, the searcher encounters an almost infinite number of providers and daily new providers are added. It is in any case caution and an accurate and careful examination of the offers and the provider is definitely advisable.
Nevertheless, such financing offers specific features and advantages. If no Porthosauskunft is required, no entry can be made afterwards. But you definitely have to expect a higher return. As a rule of thumb, the better the collateral you offer, the lower the interest rate will be. Endowment and disability insurance can be used as collateral for this purpose.
The higher the income of the borrower the lower the risk of the lender.
Dubious providers often attract customers with a supposedly low interest rate.
High processing fees – which are often payable in advance – often make these supposedly cheap offers much more expensive .
Loans without questions and information?
But even with loans from the Internet, questions are asked which the borrower has to answer correctly.
Without information no one gets money , not even via lenders on the Internet. This information is also checked, correct information is essential in any case.
The higher the lender assesses the risk, the higher the interest rate will be.
If sufficient collateral is available, lending is in the way.
A real alternative is the so-called P2P credit. This is a contract model from private individual to private person. On the one hand, a distinction is made between lending to persons who know each other and the social aspect is in the foreground .
However, there is now also the possibility of lending private individuals to small business owners who often do not get credit from the bank. Suppliers and searchers can be found on corresponding online portals . Even Stiftung Warentest recognizes this financing option as a real alternative for private individuals.
Tips on credit without self-disclosure
Exactly consider whether really no self-information should be given
Anyone looking for a loan without self-disclosure, usually for some reason. Often, due to low income or negative Porthos entries, it is feared that no loan will be granted anyway. But that is not necessarily the case. There are certainly providers who, despite existing Porthos entries grant a loan or help with a rescheduling.
Also a rather low salary does not have to be a reason for the rejection of a loan. Nevertheless, especially private lenders often grant loans here. However, such providers must first be checked for seriousness and security. Therefore, interested parties should first consider carefully whether they would like to agree to a self-disclosure, so as to possibly get a loan from a larger bank with fair conditions.
Loan providers can usually do this self-report with a few documents, and it usually takes little time to get the info about a rejection or acceptance of the loan request.
However, there can always be reasons why a self-report is ultimately not made. After all, if you can not find a suitable loan despite self-disclosure, you should look for a loan that does not require self-disclosure. However, this decision should really be carefully considered as it may affect the credit line, interest rates and flexibility of installment payments.
Looking for loans for the self-employed
For self-employed, the application for a loan with self-disclosure can be a problem. Because a regular salary statement, such as employees and officials, for example, have self-employed usually not. However, this is required at many banks. In most cases, the last two salary statements, including bank statements, must be submitted to obtain a self-assessment loan.
Although the bank statements can prove in parts whether the self-employed can repay the loan reliable, but that is not enough many German banks. Therefore, it makes sense to look specifically for a self-employed loan. This can either be a start-up loan or a private loan tailored to this group of people.
Self-employed individuals often find it easier to obtain credit from private providers. Because here is often dispensed with a self-disclosure or this can be made more flexible than with the mere presentation of payslips. Internet lenders bring together the self-employed and lenders to develop a suitable offer for both sides.
However, it can also make sense to ask directly at your own house bank, because this knows the finances of the customer better than anyone else and therefore may also offer a suitable loan without payroll of the employer. This possibility should at least be checked first.
Keep the loan amount small
Receiving large loans without providing any form of self-disclosure is extremely difficult. Because the larger the loan, the more security the lender needs, that he will get his money back reliably. Anyone who directly applies for a smaller loan and can even specify what exactly he needs the money for, significantly increases his chances of obtaining the desired loan. Not asking for salary or ignoring the Porthos is primarily a risk on the part of the lender.
Loan sums under 1000 €, however, can be obtained via private providers without self-disclosure. Grade small instant loans often work this way. However, these are often also provided with high interest rates and less flexible rates. In some cases, one or two months remain to fully repay the loan. This is an interesting option, especially for short-term emergencies or urgent purchases. Again, the smaller the desired loan amount, the higher the chance to obtain the desired loan.
Anyone who has successfully repaid such a microloan once and for all at a provider often gets the opportunity to apply for another loan. This can then be much greater failures and often comes without self-disclosure. The provider has finally been able to check by the first loan, whether the borrower acts reliably.
Call a guarantor
Those who do not want to give any self-assessment or have so far been unsuccessful with their self-disclosure should think twice about consulting a guarantor. This guarantor agrees to continue repaying the loan in the event of default or insufficient solvency on the part of the borrower. Therefore, the guarantor takes a great responsibility and should be chosen wisely.
A solvent guarantor can provide for a larger credit line and increase the chance of a successful loan even without self-disclosure. Because the lender has such a security and less fear of not getting the money back. Many providers of small and instant loans therefore offer the option of appointing a guarantor directly online and also providing all the necessary information there.
Even if the borrower can do so without self-disclosure, for the guarantor this does not usually apply. Because to determine whether this can really take over the repayment, if the borrower can not do it anymore, the lender needs some information and assurances from the guarantor. Not only does he have to verify his person and make some signatures, he must also be able to provide salary statements and not be biased by negative Porthos entries.
The self-disclosure is thus only partially avoided, because ultimately salary and creditworthiness are checked, if only when guarantor.
Consider only reputable private providers
If you are looking for a loan, but do not want to or can not provide self-assessment, you must familiarize yourself with the idea that it is very unlikely that you will receive bank credit. As a rule, in this case, there is only the option of a private loan. Especially in this area, there are a variety of providers, because with such loans, of course, to do good business. Therefore, the providers should first be compared and checked exactly.
What reviews of other users are there and what impression makes the appearance of the private provider on the Internet? If it is a credit intermediary, it should also be checked whether it requires high fees for its services or disproportionate conditions.
For personal loans, only reputable providers should be considered under all circumstances. Anyone looking for a loan without self-disclosure often needs fresh money quickly and easily. This situation can make dubious providers on the Internet particularly easy to use. This can lead to dubious loan agreements and far too high interest rates. Such a loan will not help in the long term as it can be a major challenge for the borrower to repay.