The loan without proof of income is especially suitable for the unemployed and women on maternity leave. It is clear from the name that you do not need to prove your income to obtain a loan. On the other hand, this type of loan has the disadvantage of higher interest rates and a reduction in the amount of credit you can borrow. Loans without proof of income (without a register) are mainly offered by non-banking companies . Before borrowing money, find out all available information and client references about the non-banking company. You should pay particular attention to the careful study of the contract. Loans without proof of income are most often provided by non-banking institutions. Non-bank loans have recently become very popular and people use them very often. We can find offers anywhere. On the street, in advertising, but also on the Internet.

Risk of loans without proof of income

With these loans, there is a great risk that people will not repay their obligations. Then the property, which is guaranteed in the contract, is confiscated very quickly. Therefore, this loan is very risky. Non-bank loans without income confirmation are available on the financial market for most applicants. This loan is a better solution than a bill of exchange loan. The loan is also less risky, but not risk-free. The risk is really big.

Guarantees and loans without confirmation of income

Some companies require real estate liability. If the amount is high or conditioned by speed, then liability is required. You can choose real estate (land, apartment, house, garage or company premises) or real estate (motor vehicle, equipment, …) as a guarantee for the loan. The legal document of a non-banking company on the provision of a loan without confirmation of income by guarantee is a mortgage agreement. You need personal documents to process the loan. It is an identity card and a second proof of identity (driver’s license, passport, birth certificate or health insurance card) from all involved. Another condition is a regular check of personal data (eg change of temporary or permanent residence).

The advantages of these loans are simple and fast processing (equipment depends on the client, they can be arranged in 24 hours). You can use the loan for a purpose of your own discretion, for lower amounts you do not even need a guarantor.