In particular, those interested in credit who are not in a permanent employment relationship and therefore do not have a regular income would find an immediate loan without proof of income an interesting product. Because without a proof of income, prospective creditors generally do not get a loan.
This is mainly due to the fact that the bank can use the proof of income to check whether the income specified by the borrower is correct and whether it is actually sufficient to meet the possible obligations under the loan agreement. Because only then is lending interesting for the bank.
Instant loan without proof of income – almost impossible
In practice, it looks like an instant loan without proof of income is difficult or impossible to obtain. Because for the banks, the granting of instant loans without proof of income would of course mean an enormous financial risk. After all, the bank could not assess whether the customer can meet his loan obligations at all or not. Another problem is that many banks do not offer instant credit anyway.
An instant loan without proof of income would only be possible with providers who have an instant loan in their product range. The prerequisite to be met by any reputable bank would be either the provision of appropriate credit security or the provision of a solvent guarantor who, in case of doubt, can stand in for the borrower’s credit obligations.
Instant credit without proof of income
Some putative providers of instant loans without proof of income have specialized less in the granting of said loans than in -off the relevant prospective creditors. The main focus of these dubious companies is either to provide prospective creditors with their address details or to charge them equally expensive fees without providing a valuable service (for example, upfront fees for a loan request). This is particularly annoying because people who rely on an instant loan without proof of income urgently need it and are also financially weak anyway, so that any damage will hit them particularly hard.