Flexible credit? Even with Schufa!
Discover flexible consumer loans with nextsure, even if you have a negative credit rating. Quick application review and fair terms for your financial flexibility.
Fair chance with Schufa
Quick online processing
Individual loan amounts
Your Path to Consumer Credit: Requirements and Opportunities
Majority & Residence DE
Regular Income
German Bank Account
Basic Credit Check
What is a consumer loan and when does it make sense?
A consumer loan, often also referred to as a personal loan or installment loan, is a loan granted by banks or financial service providers to individuals for private purposes. In contrast to purpose-specific loans such as mortgage financing or auto loans, the loan amount in a consumer loan is generally freely available. You can use it, for example, to buy furniture, finance a holiday, pay off expensive overdraft facilities, or cover unexpected repairs. A consumer loan is worthwhile when a major purchase is pending that cannot be covered by current funds, or when interest costs can be saved through debt restructuring. It is always important to realistically assess your own financial capability to avoid overindebtedness. nextsure supports you in determining the optimal loan amount and term for your needs.
Tailored Financing
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Loan calculator
Determine your desired rate and term.
Schufa Check
We assess your opportunities transparently.
Immediate approval
Quick provisional credit decision online.
Refinancing
Consolidate old loans and save on interest.
Free Use
Finance your individual desires.
Digital Applications
Simple process, entirely manageable online.
Expert Consultation
Personal support for all inquiries.
Fair conditions
Suitable offers even with negative Schufa.
Fast Payout
Prompt transfer after contract conclusion.
Flexible, fast, and even with a Schufa entry – discover your options.
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Credit despite negative Schufa: How nextsure can help
A negative Schufa entry can make it difficult or impossible to obtain a loan from many traditional banks. The Schufa (Protective Association for General Credit Security) collects data on consumers' payment behaviour, and negative entries indicate a potentially higher risk of default. At nextsure, we take a differentiated approach. We understand that a Schufa entry does not always reflect the current financial situation or may be based on one-time omissions. That's why we also offer consumer loans despite negative Schufa entries, by conducting a more comprehensive assessment of your creditworthiness. We consider your current income situation, fixed expenses, and other relevant factors. Our goal is to provide you with a fair chance of financing even in more challenging starting situations, often through specialised partner banks that focus on loans with Schufa entries. Transparency regarding terms and responsible lending are our top priorities.
The application process: Step by step to your loan
At nextsure, we prioritise a fast, straightforward, and fully digital application process for your consumer credit. You can obtain your desired loan in just a few steps: 1. **Online inquiry:** Complete our intuitive online form with your personal details, desired loan amount, and term. This takes only a few minutes. 2. **Preliminary review:** Based on your information, we conduct an initial, non-binding review and often provide an instant indication. 3. **Submit documents:** Required documents such as proof of income and bank statements can be conveniently uploaded digitally. For loans with a credit check, this may include legitimisation via Video-Ident or Post-Ident. 4. **Final review & contract offer:** Once your documents have been received and reviewed, you will receive a binding credit offer. 5. **Digital signature & payout:** Sign the contract digitally (if possible) and after a final review, the loan amount will be paid out to your account. We keep you transparently informed throughout the entire process.
Important factors: Interest rates, term, and loan amount
When choosing a consumer loan, three factors are crucial: the interest rate, the term, and the loan amount. The **interest rate**, usually expressed as an effective annual rate, significantly determines the total cost of your loan. It often depends on your creditworthiness; better credit tends to lead to more favourable rates. Even for loans with a credit record entry, we aim for fair interest conditions. The **term** is the period over which you repay the loan. Longer terms lead to lower monthly payments but increase the total interest cost. Shorter terms mean higher payments but less interest cost. The **loan amount** should reflect your actual needs. Don't borrow more than necessary, but also not too little to avoid needing additional financing. nextsure assists you in optimally aligning these three factors to find a financing solution that suits your financial situation and is sustainable in the long term.
Debt restructuring: Optimise existing loans and save
Debt restructuring can be a sensible measure to reduce your financial burden and improve your overview of liabilities. If you are servicing multiple loans with different interest rates and terms or frequently using an expensive overdraft, consolidating these debts into a single, cheaper consumer loan can offer significant advantages. By restructuring, you may potentially benefit from lower interest rates, leading to a reduced total monthly burden or quicker repayment. Additionally, you only have one installment to pay to a creditor, simplifying financial planning. nextsure analyses your existing liabilities and assesses whether restructuring could be beneficial for you. Even if there are Schufa entries, under certain circumstances, restructuring can be an option to stabilise your financial situation.
Insurance
Term life insurance
Preventive Care
Occupational disability
Assets
Private Pension Plan
Risks and Responsible Borrowing
Taking out a consumer loan is a financial commitment that should be carefully considered. It's crucial to realistically assess your own financial capability to avoid over-indebtedness. Risks include unforeseen events such as job loss or illness that may make repayment difficult. With loans that have a negative credit score, interest rates can be higher, increasing overall costs. Responsible borrowing means planning a buffer for unforeseen expenses, thoroughly comparing offers, and choosing a repayment rate that can still be managed even with slight income fluctuations. Carefully read the contract terms, particularly regarding fees for early repayment or in case of payment delays. nextsure places the highest importance on responsible lending and provides transparent advice on all aspects to ensure the loan fits your situation and does not constitute an unbearable burden.
Special repayments and early repayment: Utilise flexibility
Flexibility in repaying a personal loan can provide you with financial benefits and allow you to become debt-free faster. Many loan agreements offer the option of **special repayments**. These are extra payments that go beyond the regular monthly installment. By making special repayments, you can reduce the outstanding balance more quickly, which in turn lowers the interest burden and may shorten the loan term. Before signing the contract, check whether and to what extent free special repayments are possible. A **complete early repayment** of the loan is often an option as well, for instance, if you unexpectedly come into money. However, this may incur an early repayment charge, which the bank calculates for lost interest income. The amount of this charge is legally capped. nextsure provides transparent information about the options and conditions for special repayments and early repayments so you can manage your financing flexibly.
The role of Schufa in consumer credit explained
Die Schufa Holding AG (Schutzgemeinschaft für allgemeine Kreditsicherung) plays a central role in the lending process in Germany. It collects data from partners such as banks, telecommunications companies, and mail-order retailers about consumers' payment behaviour. This data includes information about opened accounts, credit cards, ongoing loans, as well as payment defaults or titled claims (negative entries). Based on this data, Schufa calculates a score that aims to assess a person's creditworthiness. Credit providers use this score as one of several criteria to decide on lending and the terms involved. A good Schufa score increases the chances of obtaining a loan at favourable interest rates. Negative entries can make borrowing more difficult. nextsure also collaborates with partners who enable loans despite negative Schufa results by conducting an extended credit check that goes beyond the mere Schufa score.
Can I get a loan despite having a negative credit rating?
If a traditional bank loan is not possible due to negative Schufa entries, there are nonetheless alternative financing options that can be explored. One possibility is **loans from private individuals (P2P loans)**, which are mediated via online platforms. Here, private individuals lend money to other private individuals, with the lenders' risk appetite varying. Another option is a **loan without a Schufa check**, often referred to as a "Swiss loan." These are offered by banks abroad and are subject to different credit assessment guidelines. Particular caution is advised here, as the interest rates are often very high and there are unscrupulous providers in the market. Sometimes a **mini loan** can be a solution for short-term financial bottlenecks, even if the amounts are limited and the terms are short. nextsure examines reputable and fair options for you and advises you transparently on which alternative might be sensible and viable for your specific situation, always focusing on responsible financial solutions.
