A small loan is easier to fulfill than a loan with a five-figure amount. However, anyone who has negative entries in the Credit Bureau will no longer get a small loan in this country. Depending on how high the amount should be, the wish for a small loan without Credit Bureau information can also be fulfilled differently.
Small credit without Credit Bureau information on the current account
Most checking accounts have a disposition limit. In simple terms, this means that the customer can use his checking account even if there is no credit left on it. When opening an account, the banks either issue such a overdraft facility, or they first wait for the incoming payments until they decide on an overdraft facility.
The amount depends on the monthly receipt of money. It is quite normal that two to three times the amount of money received can be used as a overdraft facility. Once this overdraft facility has been assigned, the banks usually no longer look at the Credit Bureau, and the customer can use it without first asking for permission.
Small loan without Credit Bureau information from Switzerland
Another option is a loan from Switzerland. The borrower can even save money because these loans are not as expensive as the overdraft facility in the checking account. But the banks also demand their collateral. The borrower must already have a permanent job, otherwise an inquiry will be rejected.
If you are unemployed, you will not get a loan in Switzerland. Then only the overdraft facility on the current account helps, because all financial transactions run automatically via computers. The bank detects the receipt of the money, but only sees where the money comes from when the clerk takes a closer look at the account.
With so many customers, this is usually only done when the account holder applies for a loan. Nevertheless, the overdraft facility should not be used for too long. Not only is it expensive, the bank also becomes aware of it if it is exhausted for a long period of time.