Free credit request possible? Is my loan request free?

Free credit request possible? Is my loan request free?

The question of whether a loan request can be made free of charge can be answered with a clear “yes”. Both we at MagicService24 and The MoneyAccess GM, as well as all other reputable credit brokers as well as regional banks and savings banks, and even online comparison portals on the Internet, currently offer the possibility of making free credit inquiries.

According to the motto “ Questions don’t cost anything ”, almost all providers behave well towards an inquiring customer and do not charge any processing or consulting fees for a loan request, as is more common with extensive commercial investment financing or now also with time-consuming real estate financing.

 

Why banks offer service free of charge?

Why banks offer service free of charge?

Banks offer this service free of charge because, as a possible lender, you will earn your income from current interest income by lending to your customers.

Free credit brokers like us search for their customers from a wide range of possible providers the currently cheapest possible offer and, if successful, receive a commission from the respective lender for the brokered credit business, which is already taken into account in the agreed debit interest rate (and effective annual interest rate). This means that the borrower does not incur any additional costs for advice, interest rate comparison, processing of applications and arranging the loan request to a bank.

But be careful: there are intermediaries on the Internet in particular, who make a possible loan award dependent on the payment of a fee – whatever the title – in advance and almost always combine this with the promise of an immediate loan payment after receipt of the fee / advance payment.

 

Regular percentage relationship to the desired loan amount

Regular percentage relationship to the desired loan amount

But seem to be set arbitrarily (USD 230, USD 435, and amounts beyond USD 900 are already known to us). As a rule, however, the loan seeker who paid the fee in advance or cash on delivery usually only receives a loan application or a financial restructuring agreement, the implementation of which is in no way certain. We do not consider this approach to be expedient, since it mostly affects those who have not received a loan from a bank using conventional methods. Please exercise a healthy degree of skepticism if a loan promise is made to you, for the approval of which the payment of a prepayment fee is specified as a condition.

It therefore makes more sense to us either to send a free credit or condition request to the house bank or, best of all, to a free credit broker and get a current comparison of the best conditions.

For this purpose, for example, we have installed the free installment loan online comparison on our website, with which interested parties can quickly and, above all, find out free of charge which bank currently offers the most favorable conditions for the respective project. The best thing is that this Schufa-neutral condition request does not change the Schufa score of the interested party.

It only takes a few minutes to enter the required request data and the credit request can be made free of charge at all banks represented on the platform, both on general feasibility and on the most favorable terms.

As soon as interested parties have entered their respective data, we act as intermediaries and examine the different financing options. The borrower will then receive a suitable, individual loan offer at current conditions within 24 hours.