A credit without payroll can be found for every creditworthiness situation. Even a loan without Credit Bureau can be approved without proof of wages. The contribution deals with what needs to be considered in detail.
Loan without proof of wages
A loan without proof of wages is not a loan without income. Proof of wages is only the easiest way to prove your ability to repay. Nevertheless, the certificate of wages is by no means the only valid proof of income. Retirement income, for example, can be proven via the pension notification. Another way to prove your income would be to submit your employment contract and bank statements. The incoming income can be easily read from the bank statements.
Another example concerns working as an entrepreneur. The self-employed and freelancers can issue proof of wages for their employees. But it becomes difficult when it comes to covering their own income. It would be possible to apply for a loan with BWA. The demands on the BWA are very high due to political requirements. The income tax notice provides an easier way of providing the proof of income required for a loan.
Credit providers, such as Spin Lender, even explicitly advertise this option for the self-employed. The loan with income tax notice, at least as advertising promises, is equivalent to a loan with payroll.
Who offers credit options without proof of wages?
A loan without proof of wages can come from very different loan providers. With a good credit rating and otherwise demonstrably secure income, the loan can come from many providers in a credit comparison. Examples of self-employed credit options are the aforementioned Lite Bank, but also Infra Bank or Cream Bank. If you want to use the offers without proof of income, perhaps with a slightly poorer credit rating, you need help.
In this case, a solvent co-applicant or a guarantor could restore confidence in the ability to repay. With his good creditworthiness, the co-applicant closes the creditworthiness gap caused by the lack of proof of income. Without guarantors or co-applicants, there are also credit opportunities via the portals for private lending. The loan request is published on the selected portal. Private donors now have the option to submit a bid. The growing success of the platforms proves how well this credit alternative to commercial loan is accepted.
Credit without Credit Bureau even without proof of wages
As with ordinary loan offers, the ability to repay and proof of course also comes to the fore when it comes to loans without Credit Bureau. Without securing the loan, there is no money with a loan without Credit Bureau. Again, proof of income is not the only way to guarantee credit security.
A loan without Credit Bureau and without proof of income can be granted if …
– A solvent guarantor or co-applicant enters into credit liability
– A high-quality object is pawned, preferably a property
– A paid-in savings contract is pledged
– A long-term capital-forming life insurance policy is assigned
Only one of these possible credit protection options is necessary so that a loan without proof of wages can be approved even without Credit Bureau.