If you are dependent on your own car, you will be in a lot of trouble if your old car is no longer reliable. In such cases, a new vehicle is usually chosen, which meets all the requirements. The purchase is often only possible with loans, however, because hardly anyone has the necessary purchase amount in cash or on the current account available.
Loans allow repayment in small monthly installments, so they are easily financed. However, such offers can only be used with a positive credit rating. With negative schufa entries, many banks refuse. In such cases helps only the car loan without schufa, which can be concluded via the internet.
Car loan without schufa and credit rating, ranking 2021
Here you will find the four currently best german intermediaries for car loans despite negative SCHUFA and without down payment. The experiences with these providers are mostly very good. For more information and the online credit application, please simply click on the relevant logo.
- The request is free of charge and non-binding with all providers.
- It may therefore be worthwhile to submit a credit request to several providers.
The car loan without schufa as an alternative
A negative schufa entry can happen quickly. If, for example, a cell phone bill is not paid immediately, for example, because details of the billing must be clarified, the companies report the unpaid bill to schufa. The same applies to loans whose installments are no longer serviced. Such entries are also called "K.O.-criteria", because they prevent further borrowing.
Affected people are then no longer considered creditworthy, even car loans can no longer be granted. In such cases, car loans without schufa serve as an alternative. However, they are not offered by german banks, because these are connected to the schufa. Offers of such an instant loan or quick loan can rather be found abroad, for example in switzerland, or on credit platforms that grant personal loans. In both cases, the query of the schufa data is usually waived, so that loans can be granted even with corresponding entries.
Experience car loan without schufa
Although there are not as many offers for the car loan without schufa as for classic car loans, you can still find different offers on the net, which should be checked carefully. The most important comparison criterion is, of course, the interest rate that the providers charge for the loan. This often differs by several percentage points, which can lead to significant additional costs.
Tip: the best way to compare loans is by looking at the APR. In addition to the nominal interest rate, it also includes all costs incurred and thus shows how expensive in credit actually is.
In addition to the interest rate, it may also be interesting to check the other terms of the contract. Any unscheduled repayment rights are just as important as the possibility of repaying the loan in full ahead of schedule. Indeed, if the financial situation improves, the loan amount can be repaid in this way to save costs.
Apply online for car loans without schufa
If a favorable car loan without schufa was found during the credit comparison, it is of course possible to apply for it directly from home. For this, prospective borrowers should use the loan application of the respective provider. So that this does not have to be searched cumbersome, there is usually a forwarding directly from the credit comparison. In order to make a lending decision, providers naturally need various pieces of information from their new loan customer. In addition to name, address and date of birth, this is of course the amount of income, because with this the future installment should be disputed.
In this context, it is important that this income is not only short-term, but at least for the duration of the loan term. Therefore, income from permanent, non-self-employment is popular because it is earned on a regular, ongoing basis. Pensions are also accepted as income. Should it be a temporary employment, this must exist at least for the credit period. When taking out a loan for two years, the term must therefore also be agreed for two years. In addition, collateral is often required, and in many cases the motor vehicle is used for this purpose.
Beware of loan sharks – personal loans without schufa
Especially in the case of credit without a credit history, it is not uncommon that providers not only have the advantage of their customers in mind, but also want to enrich themselves. There are therefore also dubious offers on the internet, which can be unmasked with a little attention, however, absolutely. If, for example, providers demand an upfront fee for processing the credit application, caution is advised. Reputable providers review applications free of charge and give customers the option of rejecting the offer after sifting through it.
Also, if information is only offered via expensive advice hotlines or if various insurance policies and building society contracts are to be taken out together with the loan, it makes sense to refrain from this offer. After conclusion of the contracts the credit applications are rejected namely frequently or advisors are not to be reached any more.
Tip: before signing a contract, it can be useful to check testimonials from other borrowers. These can be found online via the internet and can be a first aid.