Express credit for self-employed

Self-employed people can sing a song about it when it comes to a loan. Most banks receive a rejection from the self-employed. In most cases, a negative Credit bureau is not the problem. Rather, it is the uncertain economic situation that leads to a loan refusal. Nevertheless, there are banks that offer an express credit for the self-employed.

What should the self-employed pay attention to?

What should the self-employed pay attention to?

A rush credit for the self-employed should be chosen with caution. The banks have different conditions, especially for such loans. Here are some examples of banks that like to lend to the self-employed:

The net amount is freely selectable up to a loan amount of 35,000 USD. The term is up to 84 months. The APR starts at 1.89 percent. However, it must be said that only very few borrowers get this low interest rate.

The loan amount is freely available. A copy of the last three income tax notices must be enclosed with the application. If the credit check is positive, the money will be transferred immediately.

Barclays also offers credit protection specifically designed for the self-employed. The loan can be against

– Defaults on business, death or incapacity to work are secured.
– There is help with a return to employment.

The loan seekers can find out more details on the bank’s website.

Agree bank

Agree bank

Agree bank also issues an express loan for the self-employed. With the appropriate creditworthiness, the loan seeker can expect a loan of up to 35,000 USD. The rates are a maximum of 84 months. Free special repayments are free of charge up to 80 percent of the remaining loan amount. Rate breaks are also possible. For the application, the loan seeker must enclose a business registration or an extract from the commercial register with the application. The last tax assessment is also required.

At Agree bank, the chances of success increase if a second borrower also applies for the loan. A good credit rating must always exist. Without these, the chances of success are very slim. It is also important for the banks that the borrower has additional collateral. An important prerequisite is that this activity has been carried out profitably for at least two years (depending on the bank, three years).

Life insurance policies can be assigned to the bank as collateral. When it comes to a car loan, the bank wants to transfer it by way of security or, in the case of real estate, to enter a land charge. It will be difficult for start-ups who have just started. Here it becomes even more difficult to get a loan approval.

Personal loans

Personal loans

A personal loan can also be helpful. Private investors are in the background. The interest on a loan is its profit, especially since it is higher than with any form of investment. Self-employed and freelancers are welcome. Registration on these portals is free of charge and does not require anything.

In any case, it will not be easy to find an express loan for the self-employed so quickly. The banks mentioned above are only a small part. A credit comparison can be used to find other financial institutions that are happy to lend to self-employed people. A free comparison is definitely worth it.

Credit bureau-free loan with no upfront costs

A credit-free loan without upfront costs is offered by credit intermediaries. However, if you want to rule out any risk of overreaching, you can apply for your loan directly from the lender without credit bureau.

Credit bureau-free credit with no upfront costs – confidence building

Credit bureau-free credit with no upfront costs - confidence building

The credit brokerage industry shouldn’t have to worry about demand. There have always been people in a credit crunch who need help finding a loan. Depending on the economy and the legal framework for loans, demand has been rising steadily for years. The industry has an image problem. The image can be improved somewhat by advertising “credit bureau-free credit without upfront costs”.

The advertising statement does not offer protection against “black sheep”. A website is quickly programmed. The Internet offers millions of customers in a credit crunch. The credit brokerage profession is not a protected job description, only the 34 C license holder may not have a criminal record. The media regularly uncover new scams by fraudulent credit intermediaries.

Tricks of dubious intermediaries

Tricks of dubious intermediaries

The temptation to work improperly for credit intermediaries is great. If a credit bureau-free loan is mediated without any upfront costs, the agency commission amounts to around USD 100. Not too big a sum, if you take a closer look at the advertising and work involved.

The preliminary costs or the prepayment are far from the only tricks with which dubious providers earn their money. The business of hoping for a loan is much more lucrative. As part of the announcement that the loan has successfully passed the preliminary check, do good business. In the hope of lending soon, insurance and savings contracts will be concluded. Many prospective creditors conclude these contracts out of “anticipatory” gratitude. The successful preliminary check is assessed as if the loan was already in the account.

The hoped-for loan can be spent appropriately with a “real” credit card, which itself also includes a credit line. The agent always collects a commission for the conclusion of the contract. If he manages to sell life insurance, the savings fund and the credit card, a thousand USD are easily earned. Most still don’t get a loan. A credit bureau-free loan with no upfront costs only earns a serious intermediary about 10 percent of what can be earned through dirty methods.

If you do not want to expose yourself to the risk of fraud, you will bear your preliminary costs yourself and save yourself the placement fee. The real upfront costs for a direct loan application are the postage, the post-ID check and a certification. All together less than 20 USD.

Credit bureau-free credit applied for directly

Credit bureau-free credit applied for directly

As far as is known, the Sigma Kreditbank AG from Liechtenstein is behind all serious loan brokerage offers for credit without credit bureau. The bank was newly founded in 2010, since the Federal Administrative Court in 2009 swept practically all credit bureau-free loan offers off the market. A legal international loan without credit bureau comes from this provider, as far as all research shows.

credit bureau-free small loans over USD 3,500 or USD 5,000 can be applied for. The target bank, which is qualified for a credit solution without credit bureau, does not hold the credit bank very much. An activity subject to social insurance is required. The employment relationship must exist for at least 12 months. The self-employed, freelancers or unemployed cannot qualify for the loan. The income from work must not be ceded or attached. The public debt register is also viewed for credit checks. There must be no entry.

If a credit bureau-free loan is applied for directly through an intermediary, but without any upfront costs, a loan of USD 3,500 costs 11.62 percent APR. Proof of this loan amount must be a net income that exceeds the garnishment limit by at least 80 USD. For a single person, USD 1,130 a month in net working income would have to be proven. The credit bank calculates an annual percentage rate of 11.61 percent for a loan of 5,000 USD. The net income to be proven for this credit request is significantly higher. The income must exceed the garnishment limit by 550. A monthly income of at least 1,600 USD is required for a single person.

Repayment – Liechtenstein loan

Repayment - Liechtenstein loan

Both loan options are repaid in 40 equal monthly installments. For 3,500 USD, the installment amount is 105.95 USD, for 5,000 USD loan amount it is 151.35 USD per month.

A note at the end

A note at the end

You have now received all the data necessary to apply for a credit bureau-free loan directly. Of course, it is much more convenient to go through a reputable credit intermediary like bank credit. A credit bureau-free loan with no prepayment of credit is guaranteed to be free of charge if the loan is rejected. If it works with the loan, then the commission was well invested.

Who can see your company in Credit Information Bureau?

Credit history of 24 million individual clients and over a million companies and institutions – such a wealth of data is available to the Credit Information Bureau. Who can the Credit Information Bureau share this data with and for what? Let’s see.

What is and what does the Credit Information Bureau do?

As we can read on the institution’s website , Credit Information Bureau is “the country’s largest collection of data on individual clients and entrepreneurs, including in the area of ​​non-bank loans .” The largest and one of its kind: Credit Information Bureau was created by banks and the Polish Bank Association, based on art. 105 paragraph 4 of the Banking Act.

The Office’s task is to collect information on loans taken out in banks, credit unions and loan companies and to make them available to support the analysis of the creditworthiness of persons and companies applying for a loan or a loan.

Where does this data come from? Just from all of the above entities. Credit Information Bureau is a platform for the exchange of information on borrowers. Banks and credit unions report to Credit Information Bureau all “financial events” related to the loan, in particular its taking, repayment of subsequent installments or … no repayments. Loan companies do not have this obligation: not every loan “lands” in the Credit Information Bureau.

Who can have access to data in the Credit Information Bureau?

Who can have access to data in the Credit Information Bureau?

Several groups of companies and institutions have access to data about you – or about your company – collected in the Credit Information Bureau. The first of these are those that grant loans themselves (or provide similar services), so:

  • banks (commercial and cooperative),
  • Jumping,
  • loan companies,
  • leasing and factoring companies related to banks.

Banks can ask the Credit Information Bureau for information about you without asking for your opinion when you want to take advantage of their offer. It is different in the case of loan companies: they can “reach” your credit history at other loan companies without asking you for permission, but they need permission to access information on your liabilities to banks.

Also leasing and factoring companies associated with banks always need your consent to get acquainted with your history accumulated in the Credit Information Bureau. If you give it, they can reach for it directly to the Credit Information Bureau.

Who else?


It is different in the case of the second group of entities, which include, for example, leasing and factoring companies that are not associated with any bank. These can also take advantage of the rich information about you in the Credit Information Bureau, but only through BIGs, i.e. Economic Information Bureaus. And specifically one BIG: BIG InfoMonitor, that is a daughter company … Credit Information Bureau.

It is worth noting that the Credit Information Bureau and BIGi are different institutions. Credit Information Bureau collects data on loans and advances granted by financial institutions, while BIGi – on liabilities towards companies from any sectors of the economy. Probably the most well-known aspect of BIG’s business is keeping registers of debtors. They contain information about those individuals and companies from which creditors did not receive payment on time.