More and more borrowers today mainly require small loan amounts for short-term financing of a consumption purpose or to pay an invoice. The ideal financing solution for these people proves to be the small loan. Small loans are now offered by most banks only to people with a positive private credit, small loans without private credit prove to borrowers with a bad private credit information as a very good alternative to a conventional small credit product.
Private borrowers who are not granted a small loan at a bank, today resort more and more to a small loan from private to private. Retail loans from private to private are now mainly offered through credit intermediaries and financial service providers, which enable secure, quick and easy contract processing between a private borrower and a private lender.
As the supply of private loans for private individuals has also increased significantly, borrowers should definitely resort to a comparison of several offers. Although the conditions for a private loan from private to private depend primarily on the contractual arrangements between the borrower and the lender, savings potential also results here.
Applying for Personal Loans Private – This is how the loan application works through a credit intermediary
Credit intermediaries today enable borrowers to borrow easily and simply. The basic prerequisite for borrowing is always the registration on the corresponding intermediary portal. When registering, a credit check is always carried out to check the solvency of the borrower. As a rule, the credit check of the credit intermediary does not collect private credit information.
Many financial service providers today offer the borrower the opportunity to create an individual request microcredit. In addition to the loan amount, the borrower can also determine the term, repayment and use. The own loan project can be presented by the borrower, the private lender then has the opportunity to recommend for the credit project of the borrower. Another model that has been established in practice is that the lender sets the terms of the loan, the borrower applies for the small loan, and the lender gives the loan approval if he pleases.
Small loans from private to private – Again, it is worth the comparison with a loan calculator
Although the interest rates on small loans from private to private depend on the agreement between the lender and the borrower, the interest rates can still be very different. The broker often specifies a specific credit line, in addition, there are also differences in brokerage fees, commissions and more. The loan comparison with a loan calculator for a private loan from private to private is possible taking into account term, loan amount, etc. In this way, the borrower can quickly get a first impression of what interest he has to expect in the various offers.