Just a few years ago, a loan without a certificate of income was unthinkable and many banks are still unable to do so today. In the meantime, however, there are banks on the Internet that easily and quickly provide a loan without a certificate of income. Although the conditions are somewhat higher compared to existing collateral such as a salary certificate, the interest rates are still limited.
The benefits of the loan without earning certificate
Self-employed, students and the unemployed have no collateral such as a certificate of earnings and thus receive no credit. The credit without a certificate of income, these people get a cheap and convenient loan, which is paid in monthly installments. Some direct banks on the Internet offer this loan and this also with a small amount of time. Nonetheless, lenders do not want to take any risks, and even credit without a certificate of income requires alternative and sufficient collateral. A guarantor can be used as collateral and many lenders accept valuables or an existing property.
What should be considered before applying?
Borrowers can fill out an application on the internet with direct banks and send it directly via the website. Within a few hours to a maximum of a few days, the application will be reviewed and quickly approved if sufficient collateral is available. Compared to traditional credit, a credit without a certificate of merit has some advantages and it is awarded faster. The loan amount is credited to the borrower within a few days and can be used for any purpose. However, a detailed comparison is recommended before the conclusion, because this can be a cheap loan with matching conditions are found.
The services and the conditions
The services and conditions can be adapted to the personal needs of a borrower without any problem. The borrower selects the amount of the loan for a specific term and then receives a tailored loan. The duration of the financing significantly influences the amount of interest. As a rule, repayments are made monthly and many repayments are possible.
General information about the loan without earnings certificate
Although the interest on credit without a certificate of income is slightly higher, but also people without regular earnings and the unemployed receive a favorable financing. An important financial purchase such as a property or a car can finally be put into action. However, there is only limited credit and a cash receipt must always be accompanied by a certificate of earnings. The cash credit for free use is awarded only with a certificate of earnings, because it verifies the bank, whether the information in the completed self-report were correct. A salary statement not only shows how much a worker earns. It can also be recognized which marital status the customer has and many children belong in.
This can be seen from the child allowances and the tax code. In addition, this also indicates since when the borrower is employed by the company and whether the employment is terminated or limited. It is also shown whether wages are seized, for example, and for these reasons, the bank requires a certificate of earnings for the loan. A credit by mail order companies or retailers is not quite as strict. The banks have at this point the goods as security, because this belongs to the borrower only when the goods have been paid in full.