If you need a loan, you usually do not get it without a proof of salary. Because the bank usually always wants proof that you are in a permanent employment and regularly salary, so that you can pay the installments for the loan at all.
A proof of salary can be brought in different ways, either by a work or training contract or by the last income tax declarations and pay slips but also by current income tax assessment. As a rule, a credit institution also accepts that you receive a pension or a pension and a financial allowance other than salary – in this context, it is only important that the borrower has sufficient liquidity to pay the installments on a regular basis. In this way, the bank can accurately assess what the customer’s credit standing is and how high their potential default risk is to never get the borrowed money back.
When do you get a loan without proof of salary?
In particular, in the case of a loan with immediate approval, proof of a regular income is mandatory, even if no credit Auskuft on a possible entry is normally obtained on the fast in the normal case. But there are also exceptions where there is a possibility that no proof of salary is needed – so it is a loan without a salary certificate. An example of a loan without a salary certificate is the Preaid credit card. In the process, the money that was once paid in is gradually simply consumed, so that proof of one’s own income is not necessary in this case.
But even with these variants, the bank wants to prove certain collateral, because there is also the possibility that one covers the card. In principle, one should always treat the option credit without salary statements as critical. After all, as a borrower, you always have to question the offers, especially the reason why the lender does not provide any proof of income and thus does not examine the income of the borrower. Because the salary is next to an information at the credit the most important criterion for a bank to determine the creditworthiness of the borrower.
For what reasons does the lender forgo a proof of salary?
A lender also forgives a loan without a salary certificate because he wants to address a specific group of customers and wants to convince them with this offer targeted. But in the end, it can also turn out that this offer of a credit without a salary certificate is a dubious and the customer rather harm than good.
The target group of customers are those consumers who would no longer receive credit from a credit insurer anyway and therefore more desperate than specifically looking for a possible alternative.
But the existing offers on a loan without proof of salary are usually too overpriced or there are high agency fees to pay, which represent a major cost factor, and often make up between 5 to 10 percent of the loan amount.
If you are in the situation that you need a loan without salary certificates, then you should inform yourself carefully and weigh.
It may be more appropriate in these situations to borrow the money from a friend or relative.