Credit without proof of wages

Customers generally only get a loan without proof of wages from the banking institutions in exceptional cases. However, there are ways to get a loan without any proof of income.

General information

General information

Basically, it is hardly possible for the customer to get a loan without proof of wages. This proof of wages is provided, for example, in the form of income tax notices or declarations, employment or apprenticeship contracts, bank statements or pay slips. This also applies to loans for which no Credit Bureau information is required. This measure is intended to keep the credit risk of the respective provider as low as possible. In addition, a corresponding minimum income is associated with the requirement of proof of wages.

Only in rare cases does the bank or credit institution issue a so-called blank credit, which is granted without any proof of wages. As a rule, this is only given to selected customers. Therefore, should an offer in this regard be made without any reason on the part of a provider, caution is always advisable. Because only if the customer has been known to the house bank for years and the bank advisor is aware of the respective income, it is formal reimbursement not required at a reputable bank. It is also a good idea to provide various types of collateral, such as a surety, life insurance or real estate, as well as other property. This can significantly increase the chances of getting a loan without proof of wages.

In addition, the borrower can also get a loan from other agencies without proof of wages. For example, it is possible to get a loan in a private environment. This usually includes more favorable conditions and the respective terms and amounts can be flexibly agreed. There are now also some portals on the Internet that provide private loans.

Beware of dubious providers

Beware of dubious providers

No wonder that numerous dubious providers can be found in this area in particular. Therefore, the borrower should be particularly cautious with seemingly incredible offers of high cash advances without any proof of income. It is advisable to read the respective terms and conditions carefully.

In addition, a considerable buzzer is often required when the offer is created. In addition, a comprehensive comparison should be made before entering into a contract in order to obtain a precise overview of all conditions and interest rates. This is the only way the customer can find the best offer for himself and distinguish reputable suppliers from black sheep.