Credits are entering our lives more and more strongly. It becomes more convenient and easier to use a loan every day. Banks again offer a variety of lending options, focusing on the most demanded needs of clients. And, since it is difficult for some categories of citizens to provide a certificate reflecting their real income, an increasing number of banks meet halfway and do not require this document. But there are several nuances here.
Instructions
Step 1
Getting a loan sometimes becomes a troublesome business, since banks require a whole package of documents for its issuance. And therefore, potential clients appreciate the speed and ease of issuing a loan on an equal basis with other conditions offered by the bank. The requirement to provide a certificate is also often inconvenient because in our reality, not all citizens can confirm the actual level of income.
Some banks offer loans without proof of income, but in return they ask for collateral. For example, a car. If the client is granted a loan without a certificate of income and without collateral, then the bank's risks increase. And depending on the risk, the bank varies the interest at which it issues loans.
That is, for the fact that the client does not provide official confirmation of his income, he is provided with a loan with relatively high interest rates. On average, banks increase interest rates by about 5%. By the way, according to statistics, such consumer loans, issued without confirmation of income, in fact, are among those with the return of which sometimes there are problems.
Step 2
Most often, a certificate of income is not required during the execution of the so-called "express loans". Such loans are issued for relatively small amounts for the purchase of certain consumer goods. For example, for the purchase of household appliances. Consumer loans are issued in shops selling household appliances. Sometimes banks are asked to provide only a passport with permanent registration at the place of actual residence for issuing a loan, as well as to confirm that the borrower has been working under a work book or an employment contract for at least three months.
Step 3
Sometimes banks do not require a certificate of income, but its absence may affect the bank's decision to issue a loan. That is, clients who provide a certificate are more likely to receive a loan than those who did not provide this certificate. But the client's credit history is also very important here. If it is flawless, i.e. the client repaid the previous loans on time, without delays in payments, the bank will most likely issue a loan. If the previous loan was taken from the same bank, then there is a high probability that this time the bank will meet the client halfway.
