As a rule, borrowing only becomes a problem when one of the requirements cannot be met. Most of the time it fails because of the salary, which is not available or only to a small extent. So what to do if you want to take out a loan without a salary certificate?
The reasons for the missing salary certificate
There can be several reasons for a missing paycheck. If this is missing because the prospect is unemployed, you will not try to get a loan without a salary certificate. Traditional banks do not grant a loan under these conditions. And the offers from credit brokers in this area are only serious in rare cases.
The situation is different if you do not have the salary certificate, for example because you have not yet received it from your employer or because you have simply misplaced it. Then you have to see how you can compensate for the missing certificates. For many banks, it is enough to prove the salary of a loan without a salary certificate using bank statements.
The salary is transferred to an account every month.
If you can prove the amount of the salary and its regularity in this way, there will be no problems with borrowing. You could also include an additional certificate from the employer or the employment contract with the loan application. In this way, the bank can get a comprehensive picture of the income and evaluate the loan application accordingly.
A loan without a salary certificate is always possible if you are in permanent employment and have either misplaced the salary certificates or have not yet received them from the employee. In such a case, income can be documented using bank statements. If you do not have this evidence because you are unemployed, it will be difficult to find a suitable loan offer. Traditional banks do not give loans to the unemployed.
And credit intermediaries hold out the prospect of such a loan, but they usually find it difficult to find a suitable lender for the project, because there is simply no collateral for borrowing and no one wants to take the risk that the repayment will not work in the end , Neither the lender nor the borrower.