Loan for self-employed under 2 years old

A loan for the self-employed under 2 years after the establishment of the company is possible with a certain amount of bureaucratic effort. How it works particularly low interest rates, more on this in the article.

Loan for self-employed people under 2 years after starting up a business

Loan for self-employed people under 2 years after starting up a business

Start-ups may be inexperienced, but they are bursting with energy. Once the good business idea has been found, it is fresh to work. Most prefer to start small. First of all, try whether it really works with independence. The chaff separates from the wheat at the latest in the second year of independence. A really good business idea that is now beginning to materialize.

Instead of red numbers, as in the first year, the Lite lender shows a steep upward trend. Anyone who hopes for immediate support from the credit institutions, simply goes to the bank with the Lite lender, will often be disappointed. Nobody would like to grant a loan for self-employed people under 2 years after the foundation. The first year income tax return cannot provide security for lending. The numbers are probably still red. The bank employee is probably not allowed to rely solely on the Lite lender, as an indicator of the idea of ‚Äč‚Äčexpansion.

Non-cash collateral and, if possible, a surety are required for lending. Looking at the expected interest rates, even under these tough conditions, often questions the entire project.

Loan at Best Interest Rates 

Loan at Best Interest Rates - Use ERP Loans

The state credit institution for reconstruction (DLB) has programs not only for the direct establishment of a company. There are now well over 1000 different funding opportunities that can be used directly and indirectly by DLB. An example of this is hidden under the inconspicuous credit number 058. There it says that start-ups and freelancers can be supported with ERP capital.

One of the possible entry requirements is the consolidation of a young company. The foundation may only be no longer than three years ago. The desire for the loan for self-employed people under 2 years since the establishment of the company falls exactly in this period.

Looking at the 3.17 percent interest rate with a fixed interest rate for 10 years is almost reminiscent of equity. The total term of the loan of 15 years allows even large investments to be paid off in small steps. Collateral or a particularly good credit rating are not required for lending. Only 10 percent of the equity capital has to flow into the investment. You can apply for the loan from any commercial bank.

Create equity replacement for the DLB loan

Create equity replacement for the KfW loan

With a large investment, 10 percent equity appears to be a major hurdle for many. In the second year of self-employment, this money is not in everyone’s secret Swiss bank account. Nevertheless, the required equity could be taken out as a Swiss loan through a credit intermediary.

Another way to provide proof of equity can come from one of the portals for private lending. Good business ideas rarely fall on deaf ears with private donors. A loan for the self-employed under 2 years after the foundation can be approved by private individuals. Although slightly higher interest rates are required, this hardly plays a role in the context of the total investment that is now possible.

Debt loan – its importance.

Financing with a loan has been part of everyday life for many people for years and decades. Both on a large and on a small scale, there is the possibility of taking out a loan for debt restructuring. The main goal of the refinancing is to reorganize the existing liabilities and to take advantage of them.

Importance of refinancing

Importance of refinancing

With the taking out of a new loan for the purpose of refinancing, an existing or even several old loans are replaced. The purpose of refinancing is to take advantage of currently low interest rates and to improve the clarity of liabilities and repayments. In many cases, a new loan for debt restructuring has much better terms than existing ones. These include, for example, a favorable interest rate, low repayment rates and other terms.

With many different loans in particular, it can make sense to reschedule them to a single one. However, it is important to consider when debt restructuring is really effective. The effective interest rate at the time of the planned debt restructuring should be significantly lower than that of the old loans. It can be worth it for long-term overdrafts. For many people, they no longer belong to a period of bridging economic bottlenecks, but to everyday life.

Interest, which is often paid quarterly, is usually in the double-digit range and is often paid on a regular basis. If loans are in the phase of maturity, it is rather unfavorable to refinance them. Even if the interest rate level is seductively low, taking into account the total effort, including the costs involved, it can have a negative impact.

Advantages and disadvantages of debt restructuring

Advantages and disadvantages of debt restructuring

The replacement of existing old loans turns out to be a particular relief if they were concluded at a time of high interest rates. Possibly even without an interest rate adjustment clause in the loan agreement. The total interest burden of all old loans added together can be much easier in future with a loan for debt restructuring. Another advantage is cost control and the control of repayment obligations. Loans can be taken out on all occasions.

Whether it’s for quick shopping in a department store, withdrawing money from the bank, making planned purchases and vacation trips, or simply constantly charging your credit card. In addition to other loans, such as for training or home ownership, there are several regular repayments that can be difficult to manage and whose overview can be lost.

With a debt rescheduling loan, you may only have one payment date instead of several different ones. The contractual terms for a loan are easier to use than those for several different types. With advantageous credit terms for a new loan to replace other old loans, economic freedoms level off again.

Installment payments and interest charges are often lower. The option of saving may also make it possible to make special repayments that compensate for the loan more quickly. However, debt restructuring also has few disadvantages.

These relate in particular to the costs incurred, such as the processing and agency costs of the new loan, processing costs for the old loan (s) as well as a possible prepayment penalty and the conclusion of a new residual debt insurance. When checking the effectiveness of a new loan for debt restructuring, these possible costs should be taken into account.

The debt rescheduling of existing loans does away with permanent payment pressure and can eliminate financial bottlenecks. A new debt rescheduling loan is concluded and the existing one replaced. In principle, any loan can be rescheduled. Taking out a loan for debt rescheduling is usually an advantage if the terms and costs effectively match.

Credit for Private Education – educational plan


The loan for private training always pays off. Without a well-founded education and constant further education hardly a job can be kept permanently. The article provides more information on the various credit opportunities that make private involvement possible.

Credit for private education – public grants

Credit for private education - public grants

The demands in professional life are constantly increasing. Only qualified people are up to the challenge in the long term. Training is not only exhausting, but also expensive. The loan for private training is therefore sought. The right financing model cannot always be found right away. Repayments always have to be made, but local banks, direct providers from the Internet and public funds are offered.

Public funding includes the German state funding and the education loan.

Public funding includes the BAföG and the education loan.

Everyone knows the student German state funding, the application forms can be found on the website of the Federal Ministry of Education and Research. The education loan is more interesting and not so well known. The offer is aimed at advanced training. There are no problems with the crediting of the income of parents or life partner with the education loan. With flexible loan terms, for example the variable application amount 1000 – 7,200 USD, the loan offer can be tailored to the actual financing needs. The payment of the loan can be spread over up to 24 months. Payment rates of 100, 200 and 300 USD are to be agreed.

Irrespective of this, a one-time special payment of up to 3,600 USD can also be requested. This way, even a larger project, such as a semester abroad, can be conveniently financed. The loan application is submitted to best credit company. The money from the federal development bank is extremely inexpensive. The borrowing rate as of April 01, 2013 is 1.34 percent. There is also a lot of time for the obligation to repay. This has to be started with a four-year delay after the first payment rate. The minimum rate is 120 USD per month. In addition, special repayments can be made at any time or the loan can be redeemed early.

Further credit opportunities for training

Further credit opportunities for training

Many commercial banks offer credit opportunities that make it possible to concentrate on his education – his studies also focus. The savings banks, as the best known local credit institutions, offer the loan for private training in accordance with the requirements of the umbrella organization. The possible loan amount is within a range of 25,000 USD to 32,400 USD. The money is paid out over a period of up to six years. The monthly payment rates can be agreed between 250 and 800 USD. A repayment-free phase of 2 years is granted for professional orientation.

With a view to the interest rates, the loan comparison with the direct providers is still worthwhile. The savings bank loan is unfortunately equipped with variable interest rates and mostly the obligation to cover residual debt. At present, in a time of low key interest rates, up to 7.5 percent APR is due. Without fixed interest rates, the savings bank education loan can later become very expensive. The long repayment period of up to 10 years does not change this.

The loan comparison on the Internet pays off for credit for private training, as does the training itself.

Credit without credit bureau query

Which credit banks grant a loan without credit bureau query? Who offers the cheapest interest rates without credit bureau and what personal requirements must a borrower bring. We have summarized the answers to these questions and further information for you.

Which credit banks are eligible?

Which credit banks are eligible?

With a bad credit bureau, possibly an unfinished entry, the credit opportunities are poor on the German credit market. No serious German credit institution seems to accept the credit risk under these conditions. Prospective borrowers are now looking at a foreign loan. Foreign loans are mostly advertised by intermediaries. A loan without a credit bureau query is referred to as a Swiss loan or as credit bureau-free financing. Many people are guided by the term Swiss credit in particular when looking for a provider.

The logic suggests that Swiss credit banks are behind the advertising of credit intermediaries. Even an intensive search for a Swiss bank will no longer lead to success today. In 2009, a judge’s decision made sure that all providers withdrew from Switzerland. At that time, the most important loan provider of these special loans without credit bureau was prohibited from lending to borrowers from Germany. (Az. 8 C 2.09).

With Nice finance company, even smaller credit providers disappeared from the market. Their lending was also presumably not in compliance with the law. As far as is known, only since 2010, a new credit provider, legally credit bureaufree financing to Germans. All comprehensible loan offers in the credit brokerage sector relate exclusively to best credit company from Liechtenstein. The mediators’ battle for the cheapest credit bureau-free loan turns out to be shadow boxes.

Foreign credit without credit bureau query

Foreign credit without credit bureau query

In the advertising battle for the credit bureau-free loan, offers for almost every credit request can be tracked down. An instant loan without credit bureau or an express loan with payment in 24 hours is advertised. Apparently, personal creditworthiness doesn’t matter for a foreign loan without credit bureau. Extreme advertisements indicate credit opportunities even for ALG 2 recipients. Of course, nothing is promised in a legally binding manner. Such a promise would also be unsustainable.

The loan from Liechtenstein is neither offered as an instant loan nor as an emergency loan. Only the cash payment option is possible. (Additional costs at least 53 USD). In addition, there are even very clear requirements regarding the creditworthiness of the prospective customer. The first key point is the applicant’s employment subject to social security contributions. The employment relationship must exist for at least 12 months and must not be limited. (Exemption for time soldiers). In addition, an attachment of income or the transfer of the attachable income to a creditor would lead to the loan refusal.

The credit check, for a loan without credit bureau, also includes access to the public debt register. Financing, as is at least indirectly indicated in advertising, with EV or private bankruptcy is therefore excluded. For a loan without a credit bureau query, only those who are able to repay it securely and who can prove it without doubt are qualified.

Credit conditions – Liechtenstein loan direct application

Credit conditions - Liechtenstein loan direct application

The cheapest option to apply for a credit bureau-free loan is to apply directly to the lender. According to Sigma credit bank, there are no special conditions for credit intermediaries. Disadvantages of slower processing or poorer interest rates are therefore excluded. Only two fixed loan amounts are offered. A loan of USD 3,500 or a loan of USD 5,000 is possible. Both loan options are repaid in 40 equal monthly installments. Due to a payment break, right at the beginning, the term is 42 months.

For 3,500 USD credit without credit bureau query, the Liechtensteiner credit bank calculates 11.62 percent APR. The monthly installment amounts to an amount of $ 105.95, which adds up to a total repayment of $ 4,238. A prospective loan applicant can only qualify for this loan with a net income of 80 USD above the garnishment limit.

The income requirement is even higher for a credit bureau-free 5,000 USD loan. A single person without any maintenance obligations has to earn 1,600 USD per month. For comparison, for 3,500 USD, 1,130 USD must be proven under these conditions.

The effective annual interest rate for a 5,000 USD loan without credit bureau query is slightly cheaper. The credit bank calculates “only” 11.61 percent. 151.35 USD must be scheduled for this loan as monthly installments. A total of 6,054 USD has to be paid off for 5,000 USD.

All information about the loan without credit bureau query, as of November 16, 2013 more current interest information can be read from the provider side.