If the conditions are right, it should not be a problem to get a loan without a co-applicant. This applies in particular if the Credit Bureau information is in order and the income is sufficiently high. In the case of a foreign loan, only income matters. Other factors can be neglected. There is also a good chance of a loan without a co-applicant if the borrower has larger cash assets or other collateral that he can deposit with the bank during the loan period.
Compare loan offers
Many people who are looking for an installment loan rely solely on the offers of their house bank. In doing so, they overlook the fact that other banks often have significantly cheaper offers, which are characterized by low interest rates and low monthly repayment rates. In many cases, it is possible to apply for a loan around the clock via the Internet. To do this, a prepared application must be completed and submitted along with proof of income or other documents that may be relevant to the lending.
A credit decision can be made within a few minutes or hours. If it turns out positive, the money will be paid out in an amount or transferred to the checking account. Repayment is made in monthly installments, the amount of which remains the same throughout the term.
Alternative loan offers
If you cannot get a loan from the bank without a co-applicant, you could contact a credit broker or a private individual. The conditions there are often significantly cheaper than with a bank loan. However, no one can guarantee that lending will always occur. Anyone who claims otherwise is certainly dubious and should be avoided. Neither a bank, nor a private individual can afford to lend money to someone with whom they have no guarantee that they will most likely get the money back.
Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.
Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.