Unfortunately, if you want to apply for an online loan without proof of salary online, you have bad cards. Because proof of a regular income is an elementary prerequisite for getting a loan. And if you don’t have up-to-date salary records, there will be no lending.
Because a request for a loan is always subject to a reservation, ie the bank can revoke its decision at any time as soon as it learns that the promise was made as a result of incorrect information. Which can often happen in reality because, for example, gross income is confused with net income. As soon as the salary is not within the attachable range, the loan cannot be granted.
Is there the possibility of an online loan without proof of salary?
A customer’s salary is usually the only possible security for the bank and the prerequisite for the granting of loans. With the help of a pay slip, the bank can check whether the borrower has revealed the truth in his self-disclosure. Not only the net income plays a role here, but also the marital status and the number of children.
It can also be read whether the information about the entry or exit date is correct. If someone only has a temporary employment relationship, you can also see this from the earnings statement.
It is usually the case that an online loan without proof of salary is possible, but that does not mean that you do not have to submit a proof of salary. The borrower’s information is often enough to make a decision about the loan. But before the loan is paid out, the bank still checks the information, but you still need to provide proof of salary. As soon as a loan is applied for, checked and then approved, the salary also needs to be checked. After all, the bank is particularly interested in ensuring that its risk is as low as possible. This is also necessary if no Credit Bureau information is obtained for a loan.
What else do you need to know about an online loan without proof of salary?
This can be proven by many different documents, such as the employment contract or the income tax return or income tax notices or account statements as well as pay slips or business books with profit and loss brilliance. If it is a reputable company, you have to provide proof of salary for every loan – therefore no online loan without proof of salary is possible. Otherwise, it is a so-called blank credit, whereby no collateral is collected, ie the income is not checked or Credit Bureau information is obtained. A so-called unsecured loan is usually only granted in exceptional cases and only to good to long-standing customers, where the bank knows about the customer’s liquidity.
If a bank does not want proof of salary, then you should be surprised and reject it as an applicant. Because in addition to Credit Bureau information, only the salary can provide information about the liquidity of the borrower. But the bank will not only believe the customer’s verbal statements, it also wants proof to be provided. Because as a lender you have to do everything possible to perceive possible risks and then reject the application in case of doubt. All in all, you should carefully inform yourself in advance and compare the offers, in order to possibly get an online loan without proof of salary.