Loan for the unemployed – how to get a loan without income?On December 11, 2019 by admin
They take out a loan or credit , we must prove creditworthiness. One of the elements testifying to our ability, as confirmation and confirmation of obtaining stable income, affecting our financial liquidity. So if you don’t have permanent employment and income, the chance of getting a loan is small. What does it look like in the case of a loan ? Is this form possible and what should be done to obtain a positive verification?
Who grants loans to the unemployed?
Loans for the unemployed are granted by non-bank institutions – both parabanks and companies providing so-called chwilówek. Their main difference is not requiring income or employment certificates. This means that such a loan can be obtained by people who do not show regular transfers and who do not work, and who derive their income from irregular and uncertain sources. In this situation, companies do not assess our creditworthiness and do not check national records in which our infamous credit history may be recorded. This means that the chance for a loan in such a place increases and is much greater than in the case of e.g. banks.
What is the difference between an unemployment loan and a bank loan?
There are many differences between these two forms. Among them is the fact that the loan agreement is concluded in writing and the loan binds us with an application, which we complete on the website. Many loans for the unemployed do not even require confirmation by bank transfer, and only our word is the confirmation form. Secondly – the loan involves additional costs resulting from e.g. commission. A loan for the unemployed is usually called free. This means that if it is repaid in a timely manner, it will not entail additional interest payments. And thirdly, as already mentioned – in the case of loans for the unemployed, it is not required to provide the income obtained, and our creditworthiness is not checked and assessed.
How do loans for the unemployed work?
Where’s the catch? Is such a loan secure? How does it work and is it really popular? Loans for the unemployed, in the process of granting and applying, do not differ from the traditional ones, where income should be shown. The application is submitted both by means of the form on the website and in person at the branch of the selected company. The only documents to be presented are our current ID card (including personal identification number, name, surname) as well as the address of residence and registered address. Importantly – we must have a bank account to which the amount will be transferred. The process of applying and evaluating our application is usually fast and does not take more than 15 minutes. The repayment time, terms and conditions depend on the company with which we decide to cooperate. To illustrate, the repayment period can be both 15 days and even 3 years. Therefore, it is worth verifying the terms and conditions before signing the documents to select the most optimal offer. Contrary to appearances, there are many such companies on the market today, and the amount they propose to us can amount to several thousand. To this end, it is worth exploring the market and analyzing our financial possibilities. The security of such loans is no different from the security of loans with a proven history in the registers, or towards borrowers with income presented.