The term small payday loans was once used for loans that had a value of up to 10,000 euros. Today, as small payday loans without Schufa for retirees and financings are promoted, which have a larger scope. The interested parties can choose between different forms of credit. Before you decide on a type of credit, you should inform yourself about the advantages and disadvantages of each variant. Visit cansurv.com for a summary
Consumer credit is one possible form
As small payday loans without Schufa for pensioners, the consumer loans come into question. They can be used at personal discretion. They depend exclusively on the regular income of the prospect and are not associated with additional costs for most providers. Another advantage is the flexible repayment possible.
A Schufa query is part of the review of loan applications at most providers, but a registration of the loan in the Schufa is usually omitted, which has these loans also called the loan without Schufa.
Supplier loans are a viable alternative
Larger companies often offer financing for their customers themselves when ordering their goods. Therefore, they can also be used as small payday loans without Schufa for retirees. In this form, either the provider itself admits a staggered suspension of payment or he cooperates with a bank, then the actual loan agreement is processed. Here, however, the interest rates are often much higher than if you would apply for the loan from a specialized credit provider. A comparison of the general conditions is therefore particularly important here.
Private loans and foreign loans
If you get a loan from a private person, the Schufa has nothing to do with it. As a lender, the relatives and their own circle of friends and acquaintances are considered. Alternatively one can look around on special switching platforms. Here it is important that one can convince with his personal information and the need for financing.
Foreign loans would be an option, because it is usually not worthwhile for foreign banks to cooperate with the Schufa. As with other providers also age limits are to be considered. You should also pay attention to the currency in which the loan is granted. If this does not happen in euros, the credit over the term can be both cheaper and more expensive due to the ongoing change in exchange rates.