Many banks refuse loans if the borrower can not prove a regular income. Banks protect themselves and the borrower with this scheme in order to avoid losses and to protect the borrower from further debts. Despite all this, in some cases a loan without a salary certificate is possible.
Freelancers and the self-employed who can work together for a long time with a bank, good reputation and positive credit bureau information provided, apply for a loan without a salary certificate. Since self-employed people rarely have a regular income, collateral, such as land or inventory, is required when lending. Thus, the bank can keep their damage small in case of default. The guarantee of a solvent business partner or relative can help a self-employed to the loan.
Due to the increasing number of banks rejecting loans, portals have been formed on the Internet that transfer money from private to private. As a borrower you log in with all available data. A complete profile makes a better impression here. After entering the intended purpose for the borrowed money, the desired rate and the desired interest rate, the potential donor alone decides on receipt and rejection. Repayment is made by monthly installments over a pre-determined period. This possibility can also be considered in the case of existing unemployment and bad credit bureau information.
As a rule, unemployed or ALG II recipients have very poor chances of getting credit from a bank or a credit intermediary. The submission of payslips in the application for credit, is now a standard. It is better to still be in a “solid” employment relationship. Even workers on probationary or fixed-term contracts today have difficulty taking out a loan.
Anyone who, in spite of everything, applies for a loan as an unemployed person should not take a possible cancellation personally. Banks work with terms and conditions and must adhere to their specifications. The employee of the bank decides here for the benefit of the company. Therefore, a loan without a salary statement is usually rejected.