If you want to get a loan without proof of income, you can not get it within the business model of a direct bank, but must look for and find other types of credit. Basically, the desire to get a loan and repay it punctually contradicts the fact that you can not provide proof of income. but since there are different types of proof of income, you can get a loan without pay slips. Read more about the different types of proof of income:
Replacement of the salary slip with a tax assessment
Especially for self-employed and for freelancers, there is no classic proof of income in the form of a wage or salary slip. In this case, the creditor of the bank or the creditor can prove the revenue in another form. For example, by a tax assessment of the previous year, which indeed contains the necessary information on the taxable net income. From this, the bank adviser can also see whether, for example, interest or dividends are income components.
In addition, in times of economic crisis, the wage and salary statements in a non-independent activity are also not as secure as in the days of dismissal protection and the boom. Therefore, the emotional gap between fixed income from permanent employment and interest income or commercial income also decreases. Without proof of income, however, it is unlikely that the bank will have to pay and repay the money it has bought against the investor. Therefore, when looking for a loan without proof of income, one should focus more on the variant that includes income proofs other than a pay slip.
Proof of assets is also considered as indirect proof of income
Many people in early retirement have a life insurance policy that is only available at the age of 60. Here, a loan without proof of income can be granted in such a way that the corresponding life insurance is given or assigned as collateral. The same applies, for example, to early-stage employees who, in particular, have received a large number of shares as an executive. Since these employee shares are blocked for a certain period of time, they can not be sold for several years. However, these types of special loans or
Do not get bridging lines of credit in a credit factory or a direct bank. This requires a long-standing business relationship with a local bank, whose staff are familiar with all aspects of the financial business and who do not offer only standardized products. However, if you take this into account, you have a good chance of getting a loan without proof of income or being able to replace these direct proofs of income.
As with all lending or investment, direct communication and honest discussion is the best way to lend. Because only by unusual financial solutions the credit without income proofs can be made possible.