Consumer credit: comparison, calculation examples & tips


With a consumer loan, private households finance various consumer goods and everyday services. Due to the frequently agreed purpose, consumers receive particularly favorable conditions in the form of low monthly rates.

This is a consumer loan

This is a consumer loan

A consumer loan (also: consumer loan) is aimed at private households. With the loan amount, they finance, for example, electronic devices, household appliances or other consumer goods as well as services provided by craftsmen.

Consumer loans include both installment and overdraft facilities. In addition, there are financing of department stores with which in-house products can be financed. However, these offers often only refer to specific products (eg special offers).

Compare loans at department stores too When it comes to financing, department stores often only act as intermediaries, so that consumers ultimately receive the financing from a cooperation partner (ie a bank). It is often worthwhile for consumers not only to compare the financing offer with other offers, but also the product price. It may well be that the financing is cheap, but the product price is higher than that of other providers.

The advantages

  • Applying for consumer loans is comparatively easy and straightforward.
  • After approval of the loan, borrowers promptly record the incoming payment. So the money is in the account pretty quickly.
  • There is a lot of scope for borrowers: Loan amounts between USD 1,000 and USD 50,000 are often possible with terms between 12 months and 84 months.
  • By repaying in constant monthly installments, borrowers retain optimal cost control (only for installment loans, not for overdraft facilities).
  • For many financial institutions, consumer credit is one of the most important financial products: there are numerous offers on the market at favorable conditions. 

The disadvantages

  • The use of several consumer loans usually leads to a deterioration in the so-called credit rating, which reflects the creditworthiness. (This applies to all loans.) Consumers who later apply for further financing could therefore have problems. Please also note the corresponding text section further down on this page.
  • The fairly simple application can lead to consumers applying for several consumer loans, which can add up to a considerable financial burden each month. In extreme cases, a debt trap threatens.
  • With overdraft facilities, it is difficult for many consumers to keep an eye on the costs: the use of the overdraft facility is initiated automatically as soon as there is no credit left.

How to apply for a consumer loan?

How to apply for a consumer loan?

At you apply for a consumer loan in three simple steps.

1. Compare credit
Use the free loan comparison calculator at the top of this page and enter: loan amount, term and purpose. Note: If you decide on a purpose, you have a) good prospects for favorable conditions and b) better chances of getting the loan (if you should be concerned about a problem here).

2. Choose a loan
Once you have provided your details, you will be presented with the appropriate loan by email or post, which you can apply for directly.

3. Submit documents and wait for payment to arrive
Submit the necessary documents to the bank. Your administrator will tell you which documents are required. You can, for example, have the identity check prescribed by law carried out in a post office.

When you have submitted all the documents and the loan has been approved, you can record the loan amount in your account within a few days. The money is then immediately available.

You need these documents

While the submission of some documents is required by law, banks can decide for other documents whether the documents are necessary for the loan approval. The required documents can therefore vary from bank to bank, but in most cases they are similar.

Often these are:

  • Proof of receipt of salary – Banks are often satisfied with copies of the bank statements showing the receipt of salary for the past three months.
  • Salary Slips – Employees submit a copy of their salary slips for the past three months.
  • Employment contracts or training contracts – A copy of the employment or training contract is usually sufficient here.
  • Tax assessments – People without employment – for example, self-employed – can submit corresponding tax assessments instead of the pay slips. Here too, banks are often satisfied with a simple copy.

If you would like to know which documents are required at which bank before submitting your application, your credit advisor from our cooperation partner smava will provide you with information – free of charge and without obligation. 

The requirements for a consumer loan

The requirements for a consumer loan

As with the required documents, the banks are also allowed to decide, in part, the standards they want to apply. Some requirements are in turn prescribed by law.

Here, too, the banks often differ only slightly or not at all.

With a consumer loan, applicants must:

  • be of legal age
  • reside in the country,
  • have anaccount,
  • prove a regular income,
  • have sufficient creditworthiness.

Why a second borrower makes sense?

Why a second borrower makes sense?

When it comes to the creditworthiness of a borrower, the banks ensure, among other things, that the loan applied for also fits the applicant’s income situation. For example, if you still have several hundred dollars a month after deducting your fixed expenses (rent, groceries, etc.), you are granted a larger loan amount than a consumer who only has over 100 dollars available after deducting your expenses.

The advantage of a second borrower at this point is that the income is taken into account by both people ! If, for example, borrower A has 200 dollars per month after deducting his expenses and borrower B also 200 dollars, the available monthly income is 400 dollars. This can be a huge advantage when applying for a larger loan amount.

Loan without credit report


If you have a poor credit rating, you know from the start that you won’t have a chance to get a loan from one of the traditional banks and savings banks. After all, they always check the creditworthiness and align their credit decision accordingly.

For this reason, many of those affected are looking for a loan without a credit report from the outset, which does not reveal the weaknesses in their own financial structure and nevertheless provides the desired loan amount. Finding such a loan without a credit report is not easy, however. Especially not if he is to be serious.

The credit intermediary

The credit intermediary

Many credit intermediaries offer exactly such a loan. A credit without a credit report that closes the financial hole and does not ask how the previous financial liabilities have been serviced. But what sounds so good and practical often has a catch. Because there is actually no such loan.

And if you get it through a detour through an intermediary, then you can be sure that you will have a lot of costs and very high interest rates. In addition, you have to expect that you have to take out insurance for the loan that you don’t actually need. All in all, quite opaque offers that no one really needs and that only cost unnecessarily.

The loan from Switzerland

The loan from Switzerland

It can be different if you contact a bank in Switzerland for a loan without credit information. You can do this either directly or via the Internet. The banks in Switzerland do not receive any data from Credit Bureau and therefore cannot carry out such an extensive credit check as the German banks do. All that is required here is proof of a steady and well-paid job in order to be eligible for a loan.

If you can prove this, you get a small loan, which also has slightly higher interest rates, but has a serious character compared to many offers from various brokers. The loan is then repaid in small monthly installments as usual. If there are problems with the repayment, the bank in Switzerland can seize the borrower’s income. A security that the bank will demand and that it will not do without.

Debt restructuring without Credit Bureau

Debt restructuring was not possible for a long time without Credit Bureau, since large banks and house banks in particular tend to refuse if negative notes are already recorded in the Credit Bureau of the potential borrower. In the meantime, this fact has eased somewhat due to the large number of direct banks on the Internet, so that debt restructuring without Credit Bureau is entirely possible if the borrower can at least convince with his income.

Debt restructuring – existing loan

Debt restructuring - existing loan

Debt restructuring always makes sense for borrowers if the new loan incurs a lower interest burden than the old loan. If an expensive loan is replaced by a cheaper loan, this may save the borrower a lot of money, depending on the loan amount. The term and the associated monthly installments can also be adjusted if a new financial situation has arisen recently.

The debt rescheduling without Credit Bureau can, for example, almost always be carried out via Swiss banks, since these banks largely refrain from querying Credit Bureau and do not require the applicant to provide independent evidence of Credit Bureau. In most cases, debt rescheduling is only possible if, on the one hand, the borrower’s income is correct and, on the other hand, there are no additional loans. Ultimately, the creditworthiness of the borrower always decides whether an existing loan can be replaced by a new loan.

Debt restructuring – an economically sensible decision

Debt restructuring - an economically sensible decision

Two loans can also be replaced by a new loan if the newly requested loan amount is also sufficient. This also makes sense because it gives borrowers a better overview of the current loan and its monthly installments. Debt rescheduling itself always makes sense if a bank overdraft facility needs to be quickly settled.

These loans often have an enormous interest burden of 15 to 20 percent and are therefore expensive for the borrower, which is why they should be balanced or deducted as soon as possible. If a borrower has a flawless Credit Bureau entry, debt rescheduling is usually not a problem, but an above-average, fixed income is often also sufficient.

If the bank still requires further collateral, a guarantor can possibly be used for the new loan. The borrower is then liable for the debt of the borrower with his own income, but only becomes active when the borrower can no longer pay his installments.

Finding a willing surety is not always easy due to the high risk, which is why this option is not available to all borrowers. In any case, debt rescheduling should always be sought in the event of potential savings.

7500 USD loan without Credit Bureau

Would you like to take a serious, 7,500 USD loan without Credit Bureau? Are you once again afraid of “sound and smoke” behind identical offers?

We will introduce you to the Credit Bureau-free 7,500 USD loan from Lite Lender in Liechtenstein, without any “secrecy”. Find out what awaits you, how you can apply for a loan and what requirements are to be met. All information presented comes directly from the bank.

7500 USD credit without Credit Bureau – the provider

7500 USD credit without Credit Bureau - the provider

Lite Lender AG from Liechtenstein is behind the offer for $ 7,500 credit without Credit Bureau. The bank was founded in 2010. It took over the market position of former credit providers from Switzerland, which have no longer been granting Credit Bureau-free loans to Germans since 2009. The credit bank differs from previous providers of the famous Swiss loan without Credit Bureau not only by its place of business.

The bank started with the promise to lead loans without Credit Bureau from the twilight of half-hearted, often exaggerated misinformation. Liechtenstein loan stands for credit opportunities with negative Credit Bureau without tricks or unfairness. To shake off the bad image, Lite Lender is going on the information offensive. It gives neutral advice portals, so that all interested parties, insight into the facts.

Behind the scenes, the bank is subject to supervision and control by the Liechtenstein Financial Market Authority (FMA). In addition, the bank adheres strictly to the requirements of German case law. Taking out 7,500 USD in credit today without Credit Bureau is at least as serious as a loan from the house bank around the corner. In contrast, only the Credit Bureau remains excluded from the credit process.

Credit Bureau-free credit from Liechtenstein – the offer

Credit Bureau-free credit from Liechtenstein - the offer

Credit Bureau-free credit is an offer to borrowers with a negative Credit Bureau. You can choose between three loan amounts. 3500 USD, 5000 USD or 7500 USD foreign credit for Germans can be applied for. Regardless of the amount of the loan, the term always extends to 40 repayment months with constant installment payments. The bank sets the interest rate applicable when the contract is concluded for the entire term. (Fixed Rate).

In contrast to previous offers for cash credit without Credit Bureau, today the loan payment is made exclusively to a German account. In the past, postable payments have repeatedly caused resentment by solvent borrowers who have to wait for their money unnecessarily.

Target group – who is the loan offer aimed at?

Target group - who is the loan offer aimed at?

A negative Credit Bureau leads to great difficulties with regular loan offers. In some cases, banks’ reservations are not justified. The borrower is fundamentally solvent, he can afford his loan, but is still “empty”.

With the offer to grant $ 7,500 credit without Credit Bureau, the bank is targeting these people. A serious credit opportunity is offered through a fair examination of the individual case.

Credit Bureau free credit advertising

Credit Bureau free credit advertising

Unfortunately, the real credit offer attracts unfair free riders. It is not uncommon for media advertisements for foreign loans without Credit Bureau (via intermediaries) to be criticized. Problems arise because the original offer is distorted in advertising and sometimes falsified to the point of being unrecognizable. Business owners exploit the expectations raised in this way for their purposes.

The bank distances itself from excessive advertising slogans, for example for housewife’s credit without proof of income and without Credit Bureau. A credit over 3500 USD, 5000 USD or 7500 USD credit without Credit Bureau is not an “everyone loan” without proof of creditworthiness. Loan advertisements that promise something other than a seriously checked loan for employees with income subject to social security contributions do not speak of the Liechtenstein loan.

Loan application without Credit Bureau – general requirements

Loan application without Credit Bureau - general requirements

Loan applications may be submitted through intermediaries or directly to Lite Lender. The necessary form “loan application” is available for “download” on the homepage. All important facts, who is the contact person, what if …, are contained in the “USDpean standard information for consumer credit”. They are also available for inspection on the Liechtensteiner Bank website.

Interested parties between the ages of 18 and 62 may apply. The key date is birthday = contract date for the age limit. You can only apply for a 3500 USD, 5000 USD or 7500 USD credit without Credit Bureau only as employee loans with income subject to social security contributions. The level of the minimum income (net income) to be demonstrated is based on the maintenance obligations and the loan amount.

The employment relationship must be closed indefinitely, without notice and outside the trial period. The length of time the employment relationship must exist continuously is based on the desired loan amount. Applicants should be fully fit and healthy. (Max. 10 sick days). There must be no ongoing garnishment of wages or the salary must have been assigned. In addition, there are no entries in the public register of debtors of the district court.

In principle, old debts are allowed, but they must be in reasonable relation to income. The foreign bank does not offer a loan without Credit Bureau for over-indebted borrowers.

Minimum income – 7500 USD credit without Credit Bureau

Minimum income - 7500 USD credit without Credit Bureau

– Singles without maintenance obligations = 1800 USD monthly net income
– A dependent person = 2100 USD monthly net income
– Two dependents = $ 2500 monthly net income
– Three dependents = 2900 USD net monthly income
– Four dependents = $ 3400 monthly net income

For loans from Liechtenstein, borrowers must also demonstrate sufficient length of service to their current employer in addition to the minimum income. For 7,500 USD of Credit Bureau-free international credit, an uninterrupted period of service with the current employer of at least 48 months would have to be proven.

Requirements too high – no credit possible?

Requirements too high - no credit possible?

7,500 USD of credit without Credit Bureau corresponds to the “premier class” of Credit Bureau-free loan offers from Liechtenstein. Borrowers who cannot qualify for this through income or length of service do not necessarily have to “go empty-handed”. More moderate requirements apply to the smaller loan models.

Is seniority the problem? In this case, 36 months would be enough to qualify for a 5000 USD loan or 12 months for 3500 USD. Does the shoe “squeeze” on the minimum income? Singles without maintenance obligations should apply for 5000 USD from 1600 USD net income. For a dependent, it would be 1900 USD, two 2250 USD and three 2600 USD.

Without maintenance obligations, the net start is 3500 USD without Credit Bureau credit with 1150 USD. With a dependent person 1600 USD, with two 1850 USD or with three 2150 USD net income.

Credit Tip:

Have you applied for $ 7,500 credit directly without Credit Bureau and are you seeing right now that you are not fully qualified? No problem, the loan offer is gradable. “Last minute” you should contact the support briefly by phone. Competent contact persons await you with possible solutions.

Incidentally, topping up 7,500 USD of Credit Bureau-free credit is also possible for existing customers. To do this, all of the above requirements must be met. In this case, 12 months for a credit of $ 7,500 without Credit Bureau are sufficient only for the length of service.

Loan and financing types: Overview of the most common types

Various types of credit are offered on the financial market, from small loans for consumers to real estate loans for traders. Find out which of the many types of financing is right for you in this article! Who actually writes and advises here? 

Credit Types – Overview

Credit Types - Overview

While the designation of some types of credit has an official character, there are other types of credit or financing that carry their name primarily for marketing reasons.

What types of credit are there?

There are different approaches to naming a credit type, for example: Differentiation by lender, by borrower, by purpose or by contract term. The distinction according to the speed of approval is often only a trick of the credit experts. The primary aim here is to encourage consumers to apply for funding.
Multiple names possible for one product Note: The classification into different types of credit means that a financing can have several names, all of which are correct. A bank loan granted to a private person is also a consumer loan. If the borrower is also a civil servant, the term official loan may also apply. Possible types of credit

Differentiation by lender

Differentiation by lender

Banks and other financial institutions

Loans granted by a bank or a company with a banking license are consistently referred to as bank loans. The banking licenses are issued in Germany by the Federal Financial Supervisory Authority (Bafin). Companies without a Bafin license do not usually call their financing a bank loan.

Overdraft facilities, so-called “dispos”, are always linked to a checking account with a bank. Accordingly, this “overdraft facility” can only be offered by current account providers. If the borrower is a trader or a company, one speaks of a current account credit. 

supplier credit

This type of loan is often referred to as a trade or commodity loan. It is granted by a supplier to a delivery recipient. This type of loan is often only granted to traders, not private individuals.

Private lenders

If the lender is not a company (i.e. not a bank or a supplier) but a private individual, the term “private” loan is often used.

There are now numerous providers on the credit market that bring private lenders and borrowers (private or commercial) together and at the same time take care of the settlement. With many variants of granting a loan “privately”, it is no longer absolutely necessary for this form of lending that the two contracting parties know the identity of the other. This is then only known to the intermediary company.

employers credit

An employer loan (or also: employer loan or employee loan) is granted to an employee by their own employer. The borrower often receives particularly favorable conditions here, sometimes as an additional benefit from the employer.

Differentiation by borrower

Differentiation by borrower


Loans that individuals apply for are often referred to as consumer loans. There is usually talk of consumer credit whenever the financing is intended for the purchase of consumer goods or the payment of services for private use.

professional groups

If a loan – regardless of whether consumer credit or other funding – granted to an official, you can sometimes speak of an official credit. Civil servant status is not insignificant in the case of private loans, since civil servants often receive cheaper financing than other employees because of their secure income.

The security or uncertainty of the income situation also plays a role for the self-employed ( credit for the self-employed – see following section), trainees ( credit for trainees ) and pensioners ( credit for pensioners ). These groups of people often find it difficult to obtain funding – and then only on rather unfavorable terms.


Freelancers, the self-employed and entrepreneurs, like all other borrowers, must prove their creditworthiness. However, this is not always easy for these groups of people, since it is about the income-expenditure situation, among other things. And here, freelancers, the self-employed and entrepreneurs rely on their customers paying their bills regularly and in full. If this is not the case, the applicants may only be offered poor conditions or no funding at all – despite the good order situation. For this reason, loans for traders are usually treated specially.

Differentiation according to purpose

Differentiation according to purpose

Unspecified Loans vs. Purpose-linked loans

Car loans and real estate loans can often be obtained on more favorable terms than, for example, consumer loans. The background: The car or the property can be sold by the bank if necessary in order to pay any outstanding loan costs. The damage to the bank is therefore significantly less in the event of a loan default.

Car and real estate loans are referred to as earmarked loans. The same applies to debt rescheduling loans, which may only be used to replace existing financing with new, cheaper ones. In this case, the bank assumes that the borrower will have more money available after the debt restructuring than before. Finally, ideally, the monthly installments of the new loan are lower than those of the old one. The bank therefore assumes that the likelihood of a loan default will decrease.

Non-earmarked loans, i.e. loans where the borrower does not have to specify what he wants to do with the money, are usually significantly more expensive. If the money was spent by the borrower, the bank has no security with which it could settle outstanding loan installments in the event of a so-called loan default.

Term and loan amount

Term and loan amount

Also with regard to the term, there are no uniform regulations as to when a loan can be described as a short-term or a long-term loan, for example. However, a tripartite division is now common:

description running time
short term loan less than 1 year
medium term loan 1 to 4 years
long-term credit more than 4 years

These terms are by no means binding. Whether a type of loan is now referred to as a “short-term loan” is initially at the company’s discretion.

The following names are used to classify the credit types according to the amount of the loan.

description loan amount
small loan up to 10,000 USD
Medium-sized Loan / “Medium Loan” 10,000 USD to 1,000,000 USD
million loan from 1,000,000 USD
large exposure Loans with a volume of at least 10% of the credit institution’s eligible capital

Especially with the types of loans in the lower segment, i.e. small and medium-sized loans, the names vary in relation to the amount of the loan. It may well be that one company classifies all financing under a loan amount of $ 10,000 as a “small loan”, while in another company financing is only considered a “small loan” if the loan amount is below EUR 5,000.

These types of credit must be insured

These types of credit must be insured

The legislature does not prescribe which types of credit must be covered by insurance. In practice, however, it has been established that almost all financial companies do the same. Basically, the higher the loan amount, the greater the likelihood that the financing will need to be covered by insurance.

The background: with a high loan amount, the costs that the bank remains on in the event of a loan default are particularly high. That is why the company wants to protect itself in this case – but at the expense of the borrower. So if you want to take out a comparatively expensive real estate loan, you might not be able to avoid taking out credit insurance. Otherwise the loan application will be rejected.

Conclusion: The names of the credit or financing types

Conclusion: The names of the credit or financing types

The following applies to quite a few types of credit or financing in the area of ​​consumer credit: the naming is primarily used for marketing purposes and initially says little about the conditions. A “vacation loan” is offered by various financial institutions as well as a “craft loan”, but these are usually only commercial consumer loans that are granted without any purpose.

The conditions are therefore identical to financing in which the borrower has stated “for free use”. In these cases, the bank cannot sell the object of financing (the vacation or the services of the craftsman) in the event of a loan default and thus pay the outstanding costs. There is therefore no reason for the bank to offer other conditions in the form of, for example, lower interest rates. The decision is the so-called default risk – and this is identical in the cases mentioned, at least from a statistical perspective.

“Sofortkredit” = immediate payment?

Offers such as “instant loans” suggest prompt payment. In some cases, this is actually the case, but often (not always! Keyword: existing customers), various information must also be obtained from the bank before the loan is approved. And this takes a certain amount of time, so that the “immediately” must be viewed relatively.

Does “immediately” mean a time frame of just a few hours? Or within 24 or 48 hours?

“Immediately” means in almost no case that the applicant receives the funding immediately after submitting the application. Exceptions are usually only loans that are granted at a very low loan amount and at the same time only to existing customers. Because with a low loan amount, a loan default is not as serious; the creditworthiness of existing customers is often already known.

Unemployed loans without guarantor

Unemployment loan is a slang term for loans granted to unemployed borrowers, but some financial institutions also use the term as a product name. They mostly require the provision of a guarantor when lending, in some cases the unemployed can also get a loan without a guarantee.

According to the usual definition, unemployed is anyone who involuntarily works less than fifteen hours a week for a fee and is available to the labor market by notifying the employment agency accordingly. Lending without providing a guarantor also increases legal certainty for the bank, since in many cases the legislator considers a guarantee to be immoral. This includes cases in which the credit institution had to recognize that the guarantor had undertaken financially or accepted the guarantee as a result of an emotional predicament.

Opportunities for unemployed to lend

Opportunities for unemployed to lend

Unemployed loans are provided by financial institutions and insurance companies if the repayment of the loan is secured by means other than sufficient income or a guarantee. This applies primarily to borrowing in the pawnshop, where the pledge is the only and sufficient loan security. Furthermore, a life insurance or pension insurance that may be available can be loaned out by the unemployed.

In the case of government-funded insurance contracts, however, this is not possible without losing the allowances received. Relative unemployment loans without guarantors are also often granted. In this case, a transfer must expressly state that it is borrowed money. In other cases, the job center counts the amounts received as supposed income. When arranging installment payments in the mail order business, the demand for the employment relationship is unusual, so that the unemployed can in principle take out a loan through a partial payment agreement.

Unemployed loans without a guarantor can also be successfully applied for on websites for arranging loans between private individuals, especially since many of the private lenders registered there are guided by social criteria when making their decisions. The unemployed agree on the longest possible terms and correspondingly low credit rates so that they can pay them as agreed.

Sometimes the job center helps

Sometimes the job center helps

The ideal contact for unemployment loans without guarantors is the job center. The precondition for the granting of loans by the employees of the employment agency is that an applied for loan is used for urgently needed purchases. The second reason for the lending by the job center is the forthcoming start of work, if this involves costs.

In this case, the Office can also finance a move or a used car that is urgently required for the desired job. It is advantageous for the unemployed borrower that the loans granted by the job center are to be repaid without interest and in small monthly installments.

Bridging loan for the self-employed

Many people who are self-employed or self-employed sometimes face financial constraints. There can be several reasons for this and is by no means just a problem of the beginning.

This is how you get a loan

Later, too, it can always happen that a customer does not pay or that a hoped-for order is not forthcoming. In order to be able to maintain operations and pay all costs, it will be urgently necessary to use your own savings or to take out a bridging loan for the self-employed. Such a loan differs from a normal installment loan for employees or civil servants in a number of essential ways.

Requirements for a bridging loan for the self-employed

Requirements for a bridging loan for the self-employed

Even though it is well known that many self-employed people may experience minor or major financial difficulties in the course of their work, this does not mean that a bank will grant a bridging loan to self-employed persons without any collateral.

An essential point is an impeccable Credit Bureau information. If there are any negative entries there, this can quickly lead to a loan application having to be rejected, especially for the self-employed. If income is insufficient or fluctuates too much, it may be necessary to obtain additional collateral or to request a surety loan for the self-employed.

Conditions for a bridging loan for the self-employed

Conditions for a bridging loan for the self-employed

A bridging loan for the self-employed is usually characterized by a very short term, which is often only a few months. The main reason for this is that a financial bottleneck is resolved relatively quickly in most cases and the loan can then be repaid accordingly. Only when the financial difficulties persist and there is no improvement in sight should the self-employed person or freelancer seriously consider whether his job still has a future or whether it would be better to pull the emergency brake in time and look for alternatives to self-employment ,

Business and personal loans

Business and personal loans

For the banks, it makes a huge difference whether the self-employed or freelancer urgently needs money for professional or private purposes. In the early days in particular, he could also resort to various corporate loans or support programs that would otherwise not be available to him or would only be available to a very limited extent. This includes, for example, the Lite Lender corporate loan, which may only be used for business investments.

Lite Lender will provide further information on this loan on request. If you need a bridging loan for the self-employed that you want to use for private purposes, it is usually difficult to find a suitable lender. This is primarily due to the fact that most banks only give their personal loans to employees and are very skeptical of the self-employed and freelancers.