Fast credit without payroll

Before granting the loan, the lender basically checks the ability of a customer to meet the repayment agreement. The submission of a pay slip is used for this. In the case of a fast loan, the amount of money should be transferred to the credit customer’s account after a short processing time. There is no reliable definition for a fast loan, only when it is called an instant loan is the availability of the money within two bank working days the rule.

The waiver of payroll is used for acceleration

The waiver of payroll is used for acceleration

A quick loan without a pay slip can be processed in a short time, since the time required for the additional review of the submitted statement is eliminated. For this reason, credit institutions sometimes refrain from submitting a pay slip if the loan amount is low and Credit Bureau information is positive. A quick loan without payroll has a long tradition in retail, because with an installment payment agreement made directly with the seller, the question of income is uncommon and only occurs with high order values.

Honest information is required

Honest information is required

Financial institutions are also obliged to check their ability to repay loans, even in the case of fast lending. This means that even a quick loan without payroll is not granted without demand for income. Even if the loan applicant does not have to prove the amount, he is obliged to provide honest information. Deliberately incorrect data on income means that the lender can terminate the loan agreement at any time, even if all monthly installments have been received on time. When calculating household income, the borrower can average the regular and occasional income.

This means that a fast loan without payroll is ideal for borrowers whose income is made up of different components. Self-employed people and freelancers can also apply for the quickly disbursed loan without payroll, as revenue they rate their average monthly profit. When planning the repayment of the loan, the borrower checks which part of the income he will surely generate over the entire term of the loan.

A reduction in the monthly credit rate can often be achieved by extending the term. It is important that the customer compares the interest rates for the loan to be applied for. A quick loan without payroll offers the additional advantage of quick cash payments and simplified processing. The lender rates these additional services in the loan interest rate, so that a price comparison is required to find a cheap, fast loan without payroll.