Anyone taking out a loan online must authenticate themselves to the lender. This is commonly done using the so-called postident procedure. This seems practical to many banks because, in principle, it can be carried out easily throughout Germany. However, there are costs that some donors like to pass on to potential borrowers. For this reason, many people are looking for a loan without Postident or an alternative to the procedure. If you should feel the same way, the following explanations can help you.
Credit without Postident: webcam and fax and as an alternative
As part of the Postident procedure, you provide the legally binding signature under your loan agreement. You have to do that differently. The easiest way is via a webcam, your ID card and a fax machine. You can authenticate yourself to some banks via webcam. You can simply hold up an old ID card and send it to the bank as a copy. You sign the credit agreement and fax it to the bank together with a copy of your ID.
If you have a new identity card and a computer with a card reader, you can also send the donor a digital certificate that is generated by your ID and confirms your data. This further simplifies the process.
Loan without Postident at the loan broker
If you take out a loan from a local loan broker, you can provide the signature that the broker certifies. Many credit brokers also offer this service for loans that they did not broker themselves. However, the credit brokers do not work for nothing, but charge a fee for this service. In many cases, that is above the money that you would have to plan for the Postident procedure. You should always inform yourself about this option. But do not be surprised if this variant does not produce the desired yield.
Credit without Postident through a bank branch
Some online banks deliberately cooperate with branch banks to solve the Postident problem. This is practically always the case when the money houses are in a mother-daughter relationship. For example, if you take out a loan from the Best bank direct bank, you can go to any Best bank branch to sign your loan agreement and have it forwarded by the staff. Simply ask the lender whether they cooperate with a large branch bank.