What a loan without upfront costs means
Countless loan variants are available, all sharing one common aspect: they must be repaid in monthly instalments. How high these monthly instalments are and what other agreements are made around the loan depends on the type of loan, the loan amount and the conditions the borrower brings. In connection with a loan, the term "loan without upfront costs" is often used. But what is a loan without upfront costs?
Every day thousands of loans are requested by consumers in Germany. Generally these are used to bridge a temporary financial shortfall and restore the borrower's liquidity.
Upfront costs include all costs that become due before the signing of a loan. These costs say nothing about whether the loan will actually be granted in the end. Rather, these costs serve as a fee for the brokerage and the search for the suitable lending partner. For a loan without upfront costs these payments are omitted.
Depending on the provider, these costs can range from 50 euros to several hundred euros, depending on how difficult the search for a suitable loan is.
Neither when requesting a loan without upfront costs nor during processing will any upfront costs be charged for your loan with us. We strive to provide you with good service. No matter what the outcome of the assessment is, you can be sure that this is completely free of charge for you.
Requirements for a loan without upfront costs
A loan without upfront costs is available at any time. Since every loan without upfront costs with us comes without such charges, you are therefore always on the safe side and do not have to worry that these are merely hidden costs under other fees or even the interest. With our transparent contracts you can immediately see which costs are included in the loan and how these, especially in terms of interest, affect the loan amount. As a borrower, check very carefully which additional costs and fees are included in the loan.
Only if the loan without upfront costs is designed transparently by the provider can you really assume that it is fair and secure. Always request a detailed breakdown of the costs for the loan without upfront costs before signing a loan. Have this breakdown included in the contract. Only then can you be sure that nothing can change during the term. We guarantee that there will be no unexpected costs during the term. Therefore always check the conditions of the different providers beforehand.
Our interest rate for the loan without upfront costs remains constant over the entire term. No matter how long that may be. We stand for competent and reliable advice. And if you do have questions about one of our products or the loan without upfront costs, you are welcome to ask them by phone. We will answer them competently and courteously. By providing your telephone number, the lender can also establish personal contact with you.
Process for a loan without upfront costs
With us you can get your loan without upfront costs with a loan amount of 3,000 to 250,000 euros. To apply for a loan without upfront costs, we need your personal data such as name and address, plus meaningful information about your financial situation. In addition, proof of salary, pension or income from rentals belongs to the loan application. Please note that all this information must be true so that a loan request can be processed as effectively as possible.
If you have no income or have a negative entry at Schufa, we will nevertheless endeavour to arrange a loan without upfront costs for you. However, we require a liquid co-applicant or a guarantor who can secure the loan without upfront costs. A Schufa entry is less of a problem, since this can be circumvented with a Schufa-free loan. To be able to submit a loan application, you must also have reached the age of 18.
Schufa-free loan without upfront costs
Apply with us for a Schufa-free loan. For the Schufa-free loan no information from Schufa regarding your creditworthiness is requested and the loan is not recorded with Schufa. Schufa maintains a Schufa score about your creditworthiness and provides credit institutions with information about your current financial situation regarding all loans. Both positive and negative entries can be made at Schufa. Positive entries help you obtain a loan. Negative entries make it more difficult for you because your creditworthiness and the bank's trust are not high enough. The bank needs the security that the lent money can be repaid by the borrower. Repayment usually takes place in monthly instalments, which were previously agreed. The monthly instalments are set based on the loan amount and further factors.
The reason why there is no request to Schufa and no entry in Schufa lies with the lending bank, which has its registered office abroad and therefore has no connection to Schufa. MAXDA is a loan broker and is the contact point for the banks and borrowers. In this context you should also note that a Schufa-free loan is only possible up to an amount of 7,500 euros. Once we have received all your data and the loan request has been accurately recorded, we will begin the evaluation and present you with a corresponding offer for a loan without upfront costs. Again, please note that no costs arise for you in advance.
Our employees will contact you as soon as possible and send you the relevant documents. Your task is then to check these documents and return them signed to us. Afterwards we will conduct the concrete search for a loan as a loan broker. If a suitable loan without upfront costs is found for you, the contract can be negotiated and signed.
After that the payout of the loan without upfront costs takes place. Please bear in mind that when the money is transferred, the bank's processing time can take two to three days. No bookings are made by banks on holidays or at weekends. Nevertheless, the loan will be available to you in the shortest possible time.