Banks have a restrictive approach to estimating and checking customer creditworthiness. Therefore, in most cases, when applying for a loan from a bank, a certificate of income should be presented. Can I take a loan without such documents?
Quick loan without certificates.
Banks offer loans without earnings certificates, although these are not loans without an assessment of creditworthiness and creditworthiness. These certificates are replaced e.g. with the history of the bank account or confirmation of the submission.
A popular banking product
Cash loan is a product that you can find in practice in almost every bank. It allows the implementation of any credit purposes and in this respect resembles a cash loan granted in a non-bank system.
With cash loans, banks check the customer’s credit history at the Credit Information Bureau and calculate their creditworthiness. Most often, such calculations are carried out on the basis of earnings certificates of the potential borrower. However, there is a chance to get a loan from the bank and not have to provide such certification.
Other grounds for granting the loan
Not only the earnings certificate can allow the bank to estimate the customer’s creditworthiness. If it is a person who has a long history of cooperation with a given banking institution, the verification can be carried out using the account history. In this case, the customer can even count on a loan without certificates , because the bank after applying for a loan will simply reach for the history of operations performed on the borrower’s bank account. If the receipts are high enough for outgoing transfers or standing orders, then most likely such a customer will have creditworthiness.
Even if the customer does not have an account at the bank in which he is applying for a loan, he can make such a commitment by submitting together with the loan application an extract from the last few months of the account history in another bank. Sometimes you will need an extract from just the last 3 months to get a cash loan.
You can also take a bank loan based on your tax return. The bank asks the client submitting the loan application to attach to it an attachment in the form of a copy of the tax return submitted to the tax office. This is a source of information about a person’s annual income, which is why it can be used to estimate creditworthiness just as effectively as a certificate of income.