Maxda is your specialist for loans without a Schufa entry
This can't be true. "I'm not creditworthy." Have you heard this sentence from your regular bank? Especially now, when you urgently need a loan because your car suddenly and without warning broke down? Or did your daughter happily tell you she wants to get married this year? In a splendid venue? Everyone should be there, the whole extended family, to share this wonderfully unique event with her and you. And now?
There you sit at your bank as a long-time loyal customer, sweating. Once you missed paying a bill in the past and suddenly a boulder is placed in your path. An entry in the Schufa that immediately worsened the scoring value. But you certainly don't want to disappoint your daughter. You simply can't manage without a car. And the person opposite you says coolly and curtly: "Unfortunately, we can't help you with that."
We can. And we want to.
If you're wondering how a loan without Schufa can help you here, just ask us.
Make your daughter's dream come true. Can you see her beaming smile? Buy a new car, bring your child safely to school. Refinance an existing loan with us, restructure your debts. No matter what you use the loan amount from the Maxda loan without Schufa for, this instant loan does not worsen your existing Schufa rating.
What does a loan without Schufa mean?
You know how it is. Prejudices form quickly and stick stubbornly. "A loan without Schufa is only offered by usurers. With high interest rates. By loan sharks. Who only want one thing — your money. No matter how. Just stay away."
Don't worry, the world moves on. A loan without Schufa is anything but disreputable. On the contrary. We take you as a borrower and your individual situation seriously. We do check carefully whether you can repay the loan. We review things quickly and discreetly. We also obtain information about you from Schufa. But not only that. We respond to you, your circumstances and your conditions personally.
How so? You might ask: I thought a loan without Schufa meant no involvement of Schufa? Not quite. "Loan without Schufa" means you receive a loan from us that is not entered in the Schufa. Negative entries in the Schufa can occur quite quickly. Did you overdraw your checking account? Missed and unpaid a mobile phone bill? Zap — it's already happened. These negative entries are, however, deleted after a certain time and your scoring value with Schufa recovers. If you, for example, plan to build a house and need a larger loan, a Schufa report is usually requested. With a loan without Schufa you therefore relieve your Schufa record.
What exactly is Schufa?
What does Schufa do exactly?
Why does Schufa even exist? And why is it allowed to collect so much information about me? Do they sell my data? What does Schufa know about me? How long is the information stored there? Don't we have data protection? A thousand questions buzz in your head? Do you feel trapped in the (data)net? Like a spider sits there, and Schufa suddenly snaps in between? Messing up your purchase? Your plans?
Even if it may seem that way, Schufa is not your enemy. It even helps you. You and those who rely on the fact that you can pay.
Schufa stands for "Schutzgemeinschaft für allgemeine Kreditsicherung" (Protection Association for General Credit Security). This institution is not state-run, as often assumed. It is a private credit reference agency that collects and stores data about private individuals and companies. Data on payment behavior. The collected information is evaluated using a specific system and then passed on to credit institutions when they want to know whether you are likely to be able to repay requested loans.
Schufa receives information, for example, when you open an account at a bank. Have you ever ordered something and agreed to installment payments? Bought a mobile phone and signed a contract? This is also listed in your Schufa entry. Likewise, information from energy providers, online retailers, telecommunications companies, insurance companies is recorded.
Around 9,000 contractual partners supply data to Schufa. You must always consent in advance to this data transfer and storage. Information about you is not simply collected and passed on behind your back. Often, however, you can't avoid signing the consent form.
What data does Schufa collect?
Do you feel watched? Do you feel you've become "transparent" because of a Schufa entry? Do you feel uneasy? Is Schufa all-knowing? Don't worry. Schufa does not know what you do for a living or how much you earn. Or earned. Schufa does not know your religious or political beliefs. Which clubs you are a member of remains entirely your business. Whether you are married, separated, divorced, single, a single parent with one child, a father of five children — Schufa has no right to know.
You probably won't receive a bouquet on your birthday, but Schufa knows that. And besides your place of birth, your name, your address, it also knows where you used to live.
Contract partners provide Schufa with information about bank accounts, credit cards, leasing contracts, installment payments, loans and guarantees, accounts and contracts in mail-order business and telecommunications. The entries in these areas are made automatically. That means if you open a new checking account, Schufa is informed and stores when and where.
Sometimes it happens faster than you think. Separation, divorce, suddenly things get tight financially. Only personal bankruptcy helps out of the mess. Such things are not secret; on the contrary, they become public. In addition to the information Schufa automatically receives from its contractual partners, the agency collects and processes data from public sources. You therefore also receive a negative Schufa entry if you are listed in a debtor register of the local court or if you have given a sworn affidavit.
How does Schufa help me?
Schufa determines your ability to pay from the collected data. Companies that enter into contracts with you, where you pay in installments, want to know how your financial situation looks. They ask Schufa. By the way, tax authorities, police and enforcement officers also request information. Have you always repaid your loans reliably? Paid your electricity bills? Always transferred leasing installments on time? Great! Then your score value is top and you are a preferred borrower. Or do you know the other situation? Because of a particular situation like moving or personal problems such as a separation, a bill was overlooked? You wanted to pay the reminder immediately, but somehow you forgot? This also goes into Schufa's list and changes your score value. Your "score" is your "game score" at Schufa. This value is provided by Schufa to companies. It indicates the probability that you will repay a loan on time.
What is the score value?
How does the score value work?
It's quite simple: The higher your score value, the better your creditworthiness. In other words, the easier it is for you to get an instant loan approved. This value is composed of all entries at Schufa as well as general statistical surveys and empirical values. The scoring procedure is intended to enable a reliable forecast of the future based on generally collected experiences from the past. How exactly the score is calculated, Schufa does not disclose.
This is good for intermediaries, banks and lenders. They should be protected from the risk that you might not be able to repay the loan.
This is bad for you as a borrower. Because Schufa does not only evaluate your personal data, but also includes general data — industry-specific. It can therefore happen that you receive a different score for a car finance request than for a mortgage.
However, Schufa only provides the information. It is not the authority that approves or rejects your loan. Did you think otherwise? That's incorrect. Based on the Schufa report, banks, lenders and brokers decide on the amount and disbursement of your loan.
When does an entry occur at Schufa?
Have you received a first reminder threatening an entry at Schufa?
Debt collection agencies and some mobile phone companies can be quite aggressive in their approach.
Don't be unsettled!
If you pay your bill within the payment period, Schufa won't be informed. This also applies if the amount is still outstanding after the first reminder. Have you still not paid after the second written reminder? That leads to an entry. Provided there are at least four weeks between the first and the second reminder. The Schufa notification may only be made if you were informed about it in one of the two reminders.
Do you believe the bill is not justified and have you filed an objection? Good! In that case, an entry is not possible.
Be careful with statements!
Did you admit that you overlooked the bill? And promised to pay it shortly or by a certain date? Did you agree to installment payments? If you then still don't pay, Schufa will be notified.
The same applies if your contract was terminated without notice because you couldn't pay. You must also be informed in advance about the consequences. Have you received a court payment order? As soon as the creditor company involves a court, that leads to a negative Schufa entry.
What affects your Schufa score value?
There it is. Your Schufa score. And you just shake your head? How did it come about that the value is much lower than you thought? Do two late payments make such a difference? Don't worry. Not every small reminder drags down your value. Do you have a leased car? Great. The existence of leasing contracts, loans and checking accounts shows that banks trust you. If the bank has terminated your loan or initiated dunning procedures, however, that's negative for your score.
Sometimes life takes an unfortunate turn. You know the feeling? Not paying attention, missing a bill and eventually a writ of execution lies in the mailbox. If these become final, they affect your future creditworthiness as a borrower. Entries in public debtor registers and a personal bankruptcy also reduce the Schufa value. Furthermore, the scoring calculation procedure also uses information that at first glance has nothing to do with your creditworthiness. It seems so. How often you have moved? That has a negative effect on the calculation. Schufa denies that it matters whether you live in a "good" or "bad" area. In individual cases, if the agency has no further information about you, this may, however, be checked on request.
Did you just want to inform yourself and submitted credit inquiries to several institutions? Very bad! Each individual inquiry is saved at Schufa. And reduces your score. Our tip: ask about credit conditions. These pure information inquiries do not affect your creditworthiness.
By the way: Of all the entries described — only about ten percent of all Schufa entries contain negative information; more than 90% are positive.
How does Schufa help you now?
Schufa keeps an overview for you. It stops you before you fall into over-indebtedness with another new loan. Those who have a lot to pay sometimes lose clear sight of things — or overestimate themselves. "I'll manage." Haven't you thought that before and then something still went wrong? For banks and lenders only one thing counts: facts. They calculate whether, based on your income and past payment obligations, you can repay a loan.
Why is a Schufa inquiry made at all?
Why do banks even carry out a Schufa inquiry?
Have you ever lent your car? To a friend? Admittedly: you were a bit relieved when the vehicle was returned to you intact, without scratches, without dents. Right? It's the same with banks and lenders. They want to be sure that the lent money will be repaid.
Banks are also legally obliged to check whether you can and will repay a loan. The advantage when lending your car: you know the person you lent it to for a certain time. You know they can drive and often how they drive — calmly, safely. Banks lack that kind of information. They don't know who you are or how you've dealt with money so far.
Before you sign a contract where you pay monthly, such as a mobile phone contract or a loan contract, your creditworthiness and ability to pay are checked. Almost always.
A Schufa report is one way to form an impression of your creditworthiness. One way. Don't worry. Reputable providers will always collect further information. They also want to know what you regularly earn and receive. As well as how high your expenses are.
Criticism of Schufa?
You applied for an instant loan at your bank and it was rejected? Ask for the reasons. It's not uncommon to find incorrect Schufa entries. The basis for the bank's decision to grant you a loan can therefore be wrong. Increasingly, Schufa's procedures are viewed critically — not only by consumer protection organizations, lawyers and data protection advocates. How exactly the individual score value is composed and determined remains Schufa's secret. Whether the data Schufa receives from its contractual partners about you is correct is not checked. Only when you yourself point out incorrect entries does Schufa ask and correct them.
How creditworthy am I?
Did you know that you can find out once a year for free what Schufa has stored about you? This is legally required. Use it! Clear up discrepancies and have them corrected. Now! Why now? If you intend to apply for a loan, time is precious and should not be wasted unnecessarily. Don't get gray hairs because the review of your loan application takes unnecessarily long. And use the knowledge about your score value in the conversation about the desired loan.
What then happens to the Schufa entries?
Can my Schufa entries be deleted?
Made a mistake once and paying for it for the rest of your life? Feeling that way? Don't worry! It's not that bad. Your Schufa score value changes continuously. When new data is stored, a new calculation takes place. If the Schufa calculation models no longer provide reliable forecasts, they are revised. In that case, Schufa recalculates your value. When old data is deleted, an adjustment also takes place.
When are entries deleted? Can I influence that? Speed it up? The legislator regulates which data may be stored for how long. Credit inquiries remain on record for one year after the inquiry. Have you repaid your loan? Great! Three years later this entry will be deleted. This also applies to your customer account data at online and mail-order retailers, your data from debtor registers, as well as information if you ended up in a dunning procedure or failed to pay claims. Did you name a guarantor to obtain a loan? Once this is repaid, the entry about it will be deleted. Has your checking account been closed? Your credit card returned? This information is immediately changed at Schufa.
It should be. Sometimes old entries are overlooked and not deleted. Or information is listed that is incorrect. Check your history and your data at Schufa. Have your data corrected, deleted or blocked. That possible? you ask? Yes! It is possible. However, correct entries cannot be removed before the expiry of the statutory periods.
Why a loan without Schufa at all?
Do you also know this? Murphy's Law usually strikes when you least need it. Things tend to break multiple times. Often one right after the other. First the washing machine, then the fridge, and suddenly the TV shows only a pink screen instead of colorful pictures. Car repairs cost much more than expected. And then your daughter wants to get married. Too much at once. Or can you refinance another, more expensive loan? Do you want to reschedule?
There are three reasons why a loan without Schufa entry may be necessary:
- You are refused a loan by your bank due to an already existing negative score value.
- A smaller loan amount should not affect your score, because you plan to apply for a larger loan in the near future.
- You are self-employed or work as a freelancer. Even if your creditworthiness is excellent, the regular bank often hesitates to grant you a loan. The risk that you suddenly cannot pay is too great for the bank.
How do I obtain a loan without Schufa?
"Stay away from it!", "Those are loan sharks", "They only want your money, not to help you." Have you already had such or similar warnings from friends like a bucket of cold water splashed in your face? Yes, be skeptical. Compare different offers. Don't decide under pressure and at short notice. Even if it's urgent: take your time. Use comparison portals, read reviews and recommendations. That way you can form your own picture of various providers and brokers for a loan without Schufa.
Inform yourself about the respective requirements. If you meet them, you can usually submit your loan application online. Nice and relaxed. Hesitant? "What if I do something wrong? Enter something incorrectly?" Don't worry.
The process is very simple:
You provide your personal data as borrower, enter the loan amount you need and your desired term. Add contact details and your current residence. Then indicate in which profession you work, where and since when. How high is your monthly income? Lenders and brokers also want to know this and information about your spouse. Send off the information and after a few days the broker will contact you. We do that. And we also offer you a free consultation. Together we will find the best solution for you. You will then receive the loan application from us by email and by post. Fill it out, sign it, add a copy of your latest payslip and send everything back to us. Simple. Once the documents and your information have been checked and the application is approved, we will promptly arrange the disbursement and you will receive your loan.
Why a loan without Schufa from Maxda?
Which loan without Schufa is reputable?
We want you to feel safe. That only works if we are also sure. We do not promise the moon or astonishingly low interest rates. We do not hide our costs.
• Yes, we charge a brokerage fee. It applies only when you enter into a contract with us. Only then!
• Are you required to pay something upfront just to receive an offer? Avoid it. If the provider also wants to charge you cash-on-delivery for sending documents, that's a clear sign of an untrustworthy offer.
• Excessive hotline charges for telephone advice? Our hotline can be reached via a standard local-area telephone number.
• "Wow! Only 2% interest. That's exactly what I was looking for." Be careful with very cheap interest offers! Admittedly, such offers sound tempting, and they may be exactly what you need now. Often the seemingly cheap instant loan offer turns into an expensive affair. Dishonest providers like to hide advisory and administrative fees behind low rates and conceal the effective annual interest rate. Only the effective annual rate shows you the total annual cost of the loan in percent.
• You should also be cautious if the exact opposite is the case: Very high interest rates are a sign that the provider wants to protect itself against your potential inability to pay.
• Just the loan — plain and simple: With us, a loan without Schufa is not necessarily tied to the sale of insurance contracts. If such a product is pushed on you unconditionally, be alert.
Safety first
Don't be lured by beautifully packaged offers and wrapped up in promising words. This applies especially if you are pressured that the offer only applies if you decide immediately. In the end you'll more likely receive an invoice than a loan. And if you don't pay, a collection agency will be engaged quickly. The bill will skyrocket. So beware of such dubious offers.
Be assured: We disclose the terms of our Maxda loan without Schufa — transparent and comprehensible.
Loan without Schufa from Maxda
"You can get a loan without Schufa from us. You will understand that we will charge you higher interest for this as we take on a higher risk." Have you received such an offer? Hands off! Even with a loan, interest rates are within a certain range similar to loans with a Schufa entry. We arrange an instant loan for you with the lowest possible interest rate tailored to you. This interest rate does not change during the term. Maxda loans are available starting from an effective annual rate of 3.99%. The individual interest rate depends on our assessment of how solvent and willing to pay you are.
Do you break out in a sweat thinking about how long it takes to get a loan approved? Your car has a gearbox failure, nothing works and you need a new vehicle as quickly as possible? Now? Immediately? Because you live in the countryside and your child has to go to a faraway school? Because you have to drive your mother-in-law to the doctor every day who can no longer walk well? Don't wait long — we will help you quickly. Already a few days after checking whether the requested loan can be approved for you, you'll know if it works. And if it's really urgent — talk to us! We will find a solution.
Your satisfaction is our capital. Being tied to fixed interest agreements and payments until the end of the term? Not with us. With us you are not stuck to agreed rates and payments. Of course fee-free variable special payments are possible. Are you on sick leave longer than expected and temporarily receive less money? Talk to us. Together we'll find a way; a temporary suspension of installment payments is conceivable.
Can I also get a loan without Schufa?
What requirements must I meet for a loan without Schufa?
Anyone who wants to apply for a loan must be of legal age. Basic requirement for borrowers. As a rule, you should also live in Germany, i.e., be registered here with your primary residence. Do you have a checking account? Great. Next requirement met. The checking account is necessary so we can transfer the loan amount to you if the loan is approved. Your repayments are also debited from this account. These are the general requirements for a loan. Some providers or brokers also want to be sure that you are largely healthy and can repay your installments in full. Sometimes proof that you are not seriously ill is required.
Have you been an employee, worker or civil servant for at least one year? Is your regular monthly income at least 1,520 euros? Are you between 30 and 65 years old? Then you meet the additional requirements to apply for a loan without Schufa at Maxda. Do you earn less or are you younger than 30 or older than 65? If there is someone who can guarantee for you, a loan without Schufa is quite conceivable. We examine every application individually and will find a solution together with you.
You trust us, we trust you. Nevertheless, we are obliged to check your information. False statements will not get you to your goal.
Which documents do I need?
To apply for a loan without Schufa, you don't need much. Make a copy of your most recent pay slip. It must be legible. Attach this to the loan inquiry.
It is sensible to have a list of your monthly fixed costs ready. Think in advance and list what you spend monthly on rent, electricity, gas, insurance and other payment obligations such as maintenance payments. However, this is not always required.
How does a loan without Schufa work?
Where does the money come from?
We'll be open and honest: From abroad. In general. The loan without Schufa is also known as the "Swiss loan". In Switzerland there is no institution like Schufa. German banks do not grant loans without including information from Schufa and other credit agencies. For your loan without Schufa we work with foreign banks. They are mostly based in Switzerland and Liechtenstein. Even if these banks waive access to the Schufa file, they still check your creditworthiness.
How much loan can I get without Schufa?
We also protect ourselves and limit our risk. We review your conditions and rely on the fact that you will pay the installments on time until the agreed loan term expires. But sometimes life plays a trick. Imagine: suddenly your company goes bankrupt. Your job is gone. Or you become ill. Not severely, but your doctor suspects something longer-term. You then fall out of work and regular payments must be suspended. Yes, these are worst-case scenarios and we certainly don't wish them on you. We must consider them. Therefore we limit the amount for our loan without Schufa to a maximum of €7,500. In return we also waive certain securities. You do not have to assign a life insurance policy to the lender. Nor do you have to deposit a vehicle title there. What you use the money for is entirely your business. You receive the agreed loan amount from us. We do not need to know the purpose.
How is repayment made?
How do you want to pay? Usually we agree on a monthly amount that is debited from your account. This remains the same for the agreed repayment period. How long? You propose a term, we check whether it fits the loan amount and your repayment capacities. The installment consists of a repayment portion and the interest due.
Did you inherit money and want to pay off your loan now? Immediately? No problem! Special repayments are of course possible. The same applies to early repayment. Just talk to us.
When will I receive the loan approval?
You need the loan quickly. We process your inquiry fast. We promise to review your documents promptly. If these are complete, legible and the online form was filled out correctly, we usually need 2–4 days to review your loan request. We will send you the offer before we forward your loan application to the lender. The faster you check it and send it back to us, the sooner the disbursement will be and the quicker you will receive your money.
How do I apply for a loan without Schufa?
How do you get the Maxda loan without Schufa? Simply click the online form, fill it out and submit it to us with a click. We then check with our domestic and foreign banking partners which is the most favorable offer for you as a borrower. Next step? We send you this offer and you check whether it suits you.