Loan without guarantee.
Bank employees learn during their training how to prepare their customers for bad news by using certain facial expressions. Anyone who hopes for a loan application and sees the clerk grimacing with pity can safely assume that the application will be rejected. But sometimes the facial expressions brighten up at the last moment: If it is a loan without a guarantor or with, he wants to know.
A loan without a guarantor: when is this even an issue?
It is not without reason that a bank asks whether it is a loan without a guarantor or with. The guarantor is actually one of the very last rescue ropes to grant a loan. This means that without him you would be eliminated from lending. Your own Credit Bureau entry is probably negative.
The Credit Bureau entry is the risk assessment of the protection group for general credit protection about whether a loan can be granted to an applicant because he / she can easily repay the loan, or rather not because the borrower will have trouble repaying the loan. In addition, the salary is probably not particularly high or not available at all if the bank asks for a guarantor. But there are still ways to get a loan without a guarantor.
The loan without guarantor: the opportunities
The guarantor serves as a guarantee for the financial institution that it will get its money. If you have no guarantor, this does not necessarily mean that you have no collateral. For example, you can also use a property or land as security. If you have such an offer, the bank may be persuaded by a loan without a guarantor.
However, this is probably not the case. In the majority of all cases, the loan applicants have no noteworthy collateral in these cases. A loan from a normal Cream bank is out of the question for them. What is left to those affected is conventional lending by a private individual or going to a foreign internet bank, which in Germany only operate via the network. Before doing so, however, you should extensively inform yourself about a comparison of the offers and different experience reports on why these banks can grant a loan without classic collateral.