Loan Without Income Evidence
Do you belong to mothers on maternity or pensioners? What do these two seemingly very different groups have in common? You have a certain income every month.
However, this may not be sufficient if you plan to borrow to the bank. Each of them judges their clients individually, although many of them declare that they do not automatically remove you from the “suitable loan adept” group.
What to do to get approved?
There you have to prove your income and its amount. In addition, if you know that you will not succeed and try to increase it artificially in advance, you will not succeed, the bank verifies this data. In addition, age may also be a limiting factor for the aforementioned pensioners. The problem is also if you have an income but you do not have a fixed-term job. And if you are mainly from abroad, the bank may not recognize it in full and will again provide you with an obstacle to obtaining a loan. Some time ago, there was a novelty in the banking sector – a mortgage without proof of income. This is intended primarily for entrepreneurs who are concerned about the procedure described above and do not want to disclose their income to the bank. However, you will have to accept that only a lower amount can be obtained, in practice this means that the limit is up to 50%. So half has to be paid differently.
Another solution is to try your luck with non-bank providers.
The so-called micro-loan or payday loan is not usually problematic. Indeed, you should consider whether it is appropriate to borrow higher amounts in circumstances where you do not have a stable job. With many providers, you do not have to prove your income at all, and they are also willing to lend to unemployed people who already have obligations elsewhere, which is definitely not a fair procedure. In many cases this necessity awaits you, but the criteria are not as strict as in the case of banks.
If you are a candidate who can get the loan, you will find out in a few minutes via sms. If you read a positive verdict, the requested amount will be credited almost immediately to your bank account.