Credit from foreign banks


Foreign banks can be helpful if German banks refuse a loan because of the customer’s poor credit rating. They grant a loan even in difficult cases. However, the legitimate question still arises whether a loan from foreign banks is absolutely necessary. A bad credit rating means nothing other than that the person concerned has run into financial difficulties.

How does a loan from abroad work?

How does a loan from abroad work?

If you absolutely need a loan with a bad Credit Bureau, you can only get it via a loan from foreign banks. Creditworthiness only plays a role if there are already garnishment of wages or salaries. Under these conditions, a loan abroad is also no longer possible.

Without attachments, a loan from abroad is the last resort. The average loan amount is EUR 3500. A fixed employment relationship with a corresponding salary is expected for a commitment. The self-employed are exempt from this loan. Anyone who is permanently resident in Germany and is at least 18 years old has a good chance of getting a loan from a foreign bank.

Fixed rates and fixed terms

Fixed rates and fixed terms

The difference to a loan from a German bank is the fixed term. The monthly rate is also fixed accordingly. There is no way to wish for a different term with lower or higher rates. The borrower is free in terms of purpose. The money can be used for purchases or for debt rescheduling. An increase is only possible when a large part of the loan amount has been paid.

A loan from abroad can fill a financial gap, but those who are heavily in debt should better avoid it. The banks abroad act against defaulting debtors as well as German banks. If there are no installments for the loan, measures are taken to get the money back. In the worst case, there is a risk of attachment by the employer. In these cases, the Credit Bureau is very well informed about the facts.

Tips instead of credit

Tips instead of credit

Anyone who has debts should try to settle them first. There are organizations that provide advice. Most creditors engage in installments. However, the amount should be chosen so that the installments can actually be paid. Once all debts have been paid, a settlement note is made in the Credit Bureau. However, the issue itself remains for three more years. Only affidavits must be deleted immediately after payment of the open item in the Credit Bureau and at the responsible local court.

Individual Address of Loan In This Article

Many people prefer banks because they think it is safe when borrowing loans. However, unlike banks, it is quite easy to obtain loans in a safe and legal manner and economically. You can obtain the loan you need in the easiest and fastest way by choosing the way to be explained soon.

The publicly known name of this system, which is legally confronted under the name of the personal loan transaction, is the usury system. You actually use it by saying you need an emergency loan shark. However, this system is not at all a mafia organization run by people who translate dark works as presented by the media.

What is the reason why this system is launched

What is the reason why this system is launched

To people through the media? People are constantly in search of benefits in this world. For this reason, yesterday may find it wrong tomorrow. These come from purely personal interests. For example, by using the press, which is the fourth power of the society, to protect its interests in banks, it tries to ensure that its business does not fail for years by introducing its competitors as insecure in the eyes of people.

This is asparagus news that people have tried to stay as far away as possible to exchange money individually for many years. However, when history is analyzed, we can easily see that Turkish society borrows and lends money to each other in individual ways. This makes it clear that when you say you need an emergency loaner, you are not actually doing anything other than saying that you need an emergency loan.

Once the aforementioned issue is understood with these lines

Once the aforementioned issue is understood with these lines

It would be appropriate to explain the more economical aspect of this system compared to taking loans from banks. First of all, banks tell you to show someone to give you a loan, otherwise, it is not possible to get a loan. Apart from this, when you request a loan, you wish the expenses of the files to be covered by you and it opens extra expenses for you. However, no such thing exists in any system.

This does not go beyond games made entirely as a reflection of the understanding of colonialism and powered by the awareness that humans have no other choice. The fact is that we have an emergency and you need loan shark who answered the shortest way to reach your calls you almost within the same day just filling out the form with this system is sufficient. Apart from that, you are not dealing with any other process.

Various Advantages of Applying for Unsecured Loans

Loans without collateral or loans without collateral is indeed one solution that you can choose if you are in need of cash quickly.

Unsecured loans provide unsecured loan facilities that might burden potential borrowers who do not have collateral to apply for the loan. That way the borrower does not need to prepare goods or other assets to be used as collateral.

Make lending decisions


Banks or financial institutions that offer this type of loan will only make lending decisions based on the loan history of the borrower in person. By choosing to apply for loans without collateral you will get many benefits including

  • Requirements for an easy loan application with a fast process, which is an Indonesian citizen and lives in the territory of Indonesia, aged 21 to 60 years, have a minimum monthly net income of 3 million USD, as well as completing the required documents (KTP, NPWP, Slip salary, savings book, and others)
  • The use of loans can be adjusted to the needs needed by the borrower, such as funds to renovate the house, marriage, your education or other family members, treatment, debt repayment, venture capital, and other financial needs.
  • The interest rates offered are fixed rates with low-interest rates. For the determination of interest rates, unsecured loans generally use three types of interest calculations, namely flat interest rates, effective interest rates, and annuity rates.
  • The installment period is quite long, ie up to 60 months
  • Get insurance protection for several credit loan products at certain banks
  • The loan limit is quite large, some banks even offer a loan limit of up to 300 million USD.

Repay loan installments


To repay loan installments, some banks offer a choice of ways to facilitate their borrowers by making automatic deposits from debtor accounts, using the interbank transfer method, by using online services such as e-channel banks (internet banking, mobile banking, or ATM), and by making a manual deposit through the bank concerned.

Check it through a loan simulation


Meanwhile, to find out the loan installment table, you can check it through a loan simulation without collateral provided by each bank site to which you want to apply for a loan. You can check the unsecured loan simulation using a loan calculator provided on the bank’s website.

You can enter the amount of the advance in the advance column, then navigate the number of credit and tenor arrows in accordance with the amount of credit and tenor you want. The loan calculator will then display the calculation from the data that you entered earlier.

For the nominal that is displayed, of course, is only an illustration of the credit simulation data without collateral that you want.

Consider the loan simulation without collateral


For more details, consider the loan simulation without collateral with the flat interest method to find out the number of installments that you must pay each month the following:

If you have a net income of USD. 5,500,000 with a monthly repayment of 30% of your net income of USD. 1,650,000. In addition, you also have a mortgage or vehicle installment of USD. 1,250,000 with a fixed interest of 1.25% (15% per annum).

Then the way to calculate the installments that you have to pay each month is to reduce the maximum number of monthly installments you have with the number of other budget installments that have been previously calculated.

Maximum number of installments per month: 1,650,000

Other budget installments: 1,250,000

1,650,000 – 1,250,000 = 400,000

That way the maximum loan installment without grace you have to pay in USD. 400,000

If you still feel confused and want to know more about the exact number you can use a loan calculator application that is widely available on various internet pages.

By doing a loan simulation without collateral as illustrated above, you can get an idea of ​​the number of installments that you have to pay based on the tenor and the amount of interest that has been determined by the Bank.

You can also make careful installment payment planning to reduce the things that are not desirable when entering the loan installment period.