Borrowing quickly and without proof is the desire shared by many households for the realization of their projects. However, the supporting documents allow the lending organization to ensure the creditworthiness of the borrower but also the proper repayment of the credit. Therefore, can a household borrow without proof and if so, how can it do so?
Borrow quickly without proof
Many households wish to borrow quickly and without proof in order to carry out their projects. However, a request for financing takes time so that the lending organization, generally a bank, can study the financial situation of the household and judge if it will be able to repay or not its credit.
For this, supporting documents can be requested from the household such as salary statements, current credit contracts or even proof of address.
Thus, it will be possible to study the household situation and check with the National Incident File for the reimbursement of Credits to Individuals if the latter is not in a situation of over-indebtedness.
If the borrower registers in this register, the latter will be prohibited from crediting but also from being a credit surety for a period of 5 years. However, this registration does not legally constitute a credit ban and therefore, it is possible to make a request if the financial situation of the borrower allows it.
Borrow without proof of salary
A credit request requires that the bank can ensure the repayment of the loan amount. As a result, borrowing without proof of salary is very difficult if not impossible for all households.
However, if the household is able to prove that it has obtained long-term income (property rent, financial investment, etc.), a loan may possibly be granted, but remains rare.
Consequently, it is not possible to borrow without proof from a banking establishment. However, depending on the borrower’s situation and the deadline for transmitting documents, credit can be quickly realized.
If one needs to avail easy personal loans or small loans online, then the easiest way to do so is to make use of the app or website. It offers secured loans and instant money transfer.