GERMANY PRIVATE LOAN FOR NON-RESIDENT FOREIGNER PRIVATE LENDING

 

GERMANY PRIVATE LOAN FOR FOREIGNER

In Germany, a private loan is supposed to be provided through a German private lender I favor of a private borrower who can be German resident or a foreigner resident or non-resident.

In Germany, a private loan is dedicated to assist a private person to access to a credit facility to meet its financial needs without having to address a financing demand to a German bank.

In Germany, private lending is covering private persons as well as entrepreneur who wish to establish their own business and can take several shapes from a peer-to-peer platform including crowdfunding and German microfinance.

In Germany, I order to access to a private loan a borrower need to be resident, no matter if he or she is German or foreigner as it would be difficult for the German lender to assess any risks related to non-residents.


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PRIVATE BORROWING