If you are looking for a new apartment, you have to pay a rent deposit. In most cases, two to three times the monthly rent will be charged as a deposit. Depending on the amount of the rent, this can be really expensive. If you do not have the necessary funds and have a bad credit bureau, you have to take out a loan for the rent deposit without credit bureau. However, there are certain prerequisites for a commitment in order for this loan to work.
Loan through a foreign bank
There is a foreign bank in Liechtenstein that grants a loan for the rent deposit without credit bureau to citizens living in Germany. Nice credit bank took over the former “Swiss loan”. From now on, it is the only bank with a corresponding license that is authorized to do so.
The loan can be applied for directly at the bank or through an intermediary. A prerequisite for a loan approval is a regular income from a self-employed activity. The employment relationship must not, as unfortunately too often, be limited. A termination must also not be given. The minimum salary should be $ 1,100 net. The banks also want the employee to have been with the company for at least a year.
If these conditions exist, a loan for the rent deposit without credit bureau is quite possible. All information provided must be proven. Whoever cheats can write off the loan. As proof, pay slips and bank statements must be sent to the bank in Liechtenstein.
If the latter has checked the documents and there have been no objections, the loan amount will be directed. It takes around seven days from loan application to payment. After that, nothing stands in the way of the new apartment.
Why credit from abroad?
Anyone with negative entries in credit bureau has no chance of getting a loan in Germany. It doesn’t help that it is needed for a rent deposit. The banks act according to their guidelines. As soon as the credit rating has been damaged, the situation is hopeless.
Only Nice credit bank in Liechtenstein deviates from this practice. She has no access to credit bureau, and no such loan is reported to credit bureau. In fact, the loan amount is limited to 3,500 USD. Only high-earning employees have chances of getting a loan for the rent deposit without credit bureau in the amount of 5,000 USD.
The purpose is irrelevant. The bank in Liechtenstein doesn’t care what the money is spent for. She is only interested in paying in installments on time. For this, the borrower must also sign a declaration of assignment, which the bank can present to the employer in the event of non-payment.
The customer cannot choose the loan term for this loan. Only the rate changes if a loan amount of 5,000 USD is applied for. Therefore, the customer is not as flexible as with a bank based in Germany.