How to get a loan without a certificate of earnings.
In theory it sounds pretty simple, but in practice credit without a certificate of earnings is an almost impossible wish. Basically, banks and other lenders rely on proof of the borrower’s income. This can ensure that regular financial resources are available to repay a loan amount. Nevertheless, there are always offers and advertising messages that advertise a loan without a certificate of earnings.
Is it possible to apply for a loan without a certificate of earnings?
A few years ago, offers for a loan without a certificate of earnings were only laughed at. However, today there are different ways to actually get such a loan. Other income statements, such as the notification of unemployment benefit, unemployment benefit 2, pensions or maintenance, are decisive. Applicants with various types of notices have special chances of getting a loan from foreign banks that can be cooperated with through an intermediary and from private lenders.
In addition, the self-employed, freelancers and entrepreneurs, who naturally cannot submit a certificate of earnings for their loan applications, are given the option of a loan amount. However, this usually requires an economic assessment and proof of sales in recent years.
A further option for obtaining a loan without a certificate of earnings is provided by authorities and agencies such as labor, employment agencies, social services. You can also apply for a loan here. However, the payout amounts are usually not very high. In addition, approval is usually only given after the necessity has been checked. However, the particularly favorable conditions can be mentioned as an advantage, because interest is not charged at all. In addition, the maximum payment rate may not exceed 10% of the standard rate.
The credit without a certificate of earnings in the trade
On the other hand, installment loans in retail represent a separate form of obtaining a loan without a certificate of earnings. For example, if new items of furniture, clothing or electrical appliances are bought from a mail order company and these goods are to be paid off in installments. Such loans can also be taken out in shops. As a rule, no proof of earnings is requested. The decisive factor is not how high the monthly income is, but what data is recorded in the private credit bureau.