It goes without confirmation of receipt
A solution for all applicants who are currently in a situation where they cannot fully document their receipts. A loan without proof of income is a loan that does not require this documentation. Do you have problematic income or difficult to prove? Have you already applied for a loan? Then you know that it is very difficult to get a loan with traditional providers. Loan without income is the solution. The decisive criterion for approved loans is for each provider to assess your creditworthiness. If you are able to repay, the loan can be approved.
Loans without proof of income have a number of advantages
The strongest argument for this is the fact that you do not have to prove income, this option will certainly appreciate entrepreneurs and self-employed, who due to accounting operations have a negative tax return and are unable to prove their income. Other advantages offered by the loan are its availability, lower demands on applicants, a higher percentage of approved applications and, above all, the speed with which you receive money.
The disadvantage of a loan without proof of income is higher interest
Due to the fact that they are loans without proof of income, which are approved by a larger number of applicants , providers have to compensate for the risk of default. Therefore, expect a higher interest rate than, for example, bank loans. But they always assess creditworthiness. It may not always be a suspicion, some loans without proof of income are also bank. There, it is sufficient to show the current account statement instead of proof of income.
Money without a registry?
Consultation of the debtor register may reveal your past hesitation by paying past liabilities. For banks, this can be a problem to get a loan, non-bank providers can tolerate these offenses and provide a loan without a register if your overall repayment ability is OK.
Loans without income
One of the loans where proof of income is not required is a loaner. You will only be required to prove your income if you have problems repaying your existing loans. It is one of the first loans of this kind in the Czech Republic.