Internet loans are a great way to solve financial problems when you need an injection of cash in a short period of time. The formalities limited to the necessary minimum and the short waiting time for money make them enjoy increasing popularity. To apply for this type of funding, you do not need to submit income certificates.
Proof of income
This document contains information about the source of income, the salary of the person concerned, as well as the frequency of payment. You can also find out how long the employee’s seniority is. Bank customers applying for a loan are the most frequently applying for an income certificate.
This document is one of the grounds for issuing a decision on the allocation of funding or refusal of credit, if, for example, earnings are too low. It is worth noting that banks often do not include the mandate and specific task contracts as reliable sources of income enabling timely settlement of the contracted obligation. People employed on this basis, even if they regularly receive payment, may have difficulty getting a loan from a bank. In such situations, loans without certificates will be a good alternative.
Loans without certificates – when should you use them?
The possibility of obtaining funds for any purpose without the need to provide a certificate of income is a good solution primarily for those who can not receive such a document. This mainly applies to people with no stable income. In the case of loans without certificates, the only confirmation may be the declaration of the applicant about his earnings. Another reason why many people resign from a cash loan in a bank for an online loan is the shorter waiting time for a decision to grant funding. It happens that you have to wait a few days for the appropriate certificate issued in the payroll department, which in the case of people who need money is a significant impediment immediately. In such situations, a quick loan without certificates is preferable, as it allows you to receive money even within a dozen or so minutes of submitting your application.
In addition to the cases mentioned above, it is also worth using an online loan when low earnings could disqualify the applicant from granting the commitment and if he / she also has income from other sources. Then, on the declaration of earnings, it is enough to provide the sum of all monthly revenues. Even those not included in the income certificate, which can have a positive effect on the lender’s decision.
Online loan without certificates – for whom?
Fast cash without certificates is a beneficial solution for people who work on the basis of a mandate contract or a specific task contract and would therefore have difficulty obtaining a cash loan. This type of co-financing will also work for people who need money, but who earn their living on other income than paid work, e.g. alimony, pensions, pensions or scholarships. However, it is worth noting that the lack of the need to provide a document confirming regular income is not everything.