The consumption behavior of young people has changed a lot in the past decades. While in the past it was customary to save a long time for larger purchases, apprentices now do what they like and finance the fulfillment of their consumption needs with loans or installments.
However, it is a bit more complicated to find a lender if you are led to the Credit bureau with a negative entry. But there are possibilities how to get an instant loan for trainees without Credit bureau and co-applicants even in this difficult situation.
A loan from a foreign online bank
In contrast to Agree banks and savings banks, which usually request information from Credit bureau before lending, some foreign online banks do not use this form of credit check. With them you can quickly and easily get an instant loan for trainees without Credit bureau and co-applicants. However, a prerequisite for this is that the creditworthiness is sufficiently available.
For this purpose, the applicant has to provide extensive information on his economic situation online. Apprentices have to state what their monthly income is and how long they have had their apprenticeship. Only if it emerges from this data that it will probably be possible to repay the loan without problems, will an immediate loan be granted to trainees without Credit bureau and co-applicants.
Since the training remuneration is usually not very high, the loan amounts that can be obtained in this way are rather limited. If the loan is approved, the loan amount is immediately transferred to the account specified by the customer. The repayment is made in monthly installments, which have the same amount throughout the credit period. In order for the young borrower to be able to handle the loan installments without difficulty, a loan term that is not too short should be applied for.
A loan from the pawn shop
If you urgently need a loan, you can also contact a pawnshop. In every major German city, such pawn shops offer short-term loans at attractive interest rates against the deposit of collateral. For example, jewelry, valuable collectibles or machines are suitable as collateral. During opening hours, you can easily get an instant loan for trainees without Credit bureau and co-applicants if you give the pawnshop the appropriate security.
As soon as you have the money for the repayment, you release the deposited deposit within the agreed period. If this is not possible, the deposit will be used to settle the lender’s claims. Such an instant loan for trainees without Credit bureau and co-applicants is particularly suitable for bridging temporary financial bottlenecks.