Obtaining a personal loan without salary or at least a loan without proof of salary is not easy. If the proof (s) of income are not present at the meeting, on the contrary, and it is more often than not the desire that is lacking, however, as a general rule.
Indeed, when we wish to invest / invest in a project that is close to our heart, most often, we are impatient like a child on Christmas Day for whom the time to open his gifts is too long overdue. taste. It is both normal and human and even if obviously there will always be people who are less impatient than the first, we easily understand the others.
Reminder of how loan allocation works
Already and to start by making a little reminder of the modes of allocation of credit requests, let’s start by indicating that it is possible. Well, after, indeed, it is not the most usual operation and the banks which will agree to make you a loan when you do not present them with proof of income are not legion, but in theory it is everything made possible.
Personal loans belong to the category of consumer credits, a category in which there are several types of credits, assigned credits and unrestricted credits. In the first of these two categories, you find as their name indicates all the forms of credit which aim to meet a clearly defined purpose and to finance something very specific as is the case of a loan auto for example to take a very common and well-known example.
In the second category, that of unrestricted credits. There too, the name is representative of the form of credit and in this, the borrower is free to use the sum lent by the banking organization as he sees fit: travel to a distant destination and bathed in sunshine or snow to offer you an exotic stay, financing the studies of children or grandchildren if the latter decide to continue their post-bac studies in a school whose education is certainly very qualitative but quite expensive, do some work in your home to improve comfort and / or enhance it for future resale, etc. It is in this second category that between the personal loan which is to date one of the only for which you do not have to account for how you will use your silver.
The disadvantages of a personal loan without proof
As you can imagine, if in theory it is possible to obtain a personal loan without salary or income * to justify, as this represents a higher risk for the lending organizations which would be ready to grant it to you, there will necessarily be a consideration. The latter, you guessed it will be on the rate at which the sum will be advanced to you.
The other disadvantage is that as we started to mention above, if in theory this kind of loan is possible, in fact the banks also take advantage of the fact that they themselves are never obliged to grant you a credit under such conditions and that according to their own criteria, they require proof of salary to give a favorable response to your request. Therefore, the disadvantage if you are looking for a personal loan without salary and you risk to multiply the steps with many banking organizations before ending up perhaps having very little incentive conditions.
How else can you try to get the funds?
If you cannot go to your bank or another banking organization without being refused, what are the other solutions available to you? As we will see with the case of stores in the asterisks below, you may be able to get a slightly different form of loan by deferred payment.
If you have another type of need or it is not negotiable, it becomes more complicated, it must be recognized. Therefore, apart from being lucky in the lottery or the skyscraper, we only see the loan made by someone you know and who will agree to do it for you on the basis of the trust they have in you but it is true that it is a situation which can prove to be delicate.