3500 USD credit is an amount at which customers can choose whether to take out a loan with Credit bureau or a loan without Credit bureau, because 3500 USD credit without Credit bureau are also offered by many credit intermediaries. However, as a consumer, you should carefully consider what type of loan is the right one.
We have made a loan comparison at Agree Banks, where the Credit bureau information from the loan applicant is obtained in connection with the loan request. The basic prerequisite for approval is that the applicant has no negative Credit bureau.
Comparison of German providers
With a term of 24 months, the provider Good Lender can be found in first place. The installments are safely payable at 150 USD. The biggest hurdle with this provider will be to get the application approved, because Good Lender only has an acceptance rate of 45 percent. This means that every second applicant falls through the grid.
In second place in our comparison is the Spin Bank, which issues 3500 USD in credit at the best conditions and has an acceptance rate of at least 55 percent.
Deutsche Bank is in third place with an acceptance rate of 80 percent. The best offer if you look at the odds. However, it must be checked here whether the interest is fixed or dependent on creditworthiness. In the case of interest rates dependent on creditworthiness, the interest rate for the customer generally looks significantly worse than advertised.
3500 USD credit without Credit bureau
For consumers who want to take out a small loan of 3500 USD, even though they have a negative Credit bureau information, there is a Credit bureau-free loan that can be applied for through credit intermediaries. However, it has to be taken into account that credit intermediaries generally charge a commission for arranging loans and the 3500 USD are then correspondingly more expensive.
What to consider when borrowing
Anyone who takes out a loan, whether with or without Credit bureau, enters into an obligation that must be met over the term. Therefore, you should calculate in advance how much rate you can or want to afford. The be-all and end-all is the amount of the monthly charge. Especially when the freely disposable income is relatively low, care should be taken that the term of the 3500 USD loan is chosen so that the lowest possible rate results. A term of up to 60 months is quite feasible here. Anything beyond that will incur additional costs.