Credit without income – serious & discreet from private
If you do not have a fixed-term contract or are unemployed, you have the option of taking out a loan from a private person without proof of income. Not only are there individuals who give a loan without proof of income, some direct and online banks also have special loans on offer. These include loans that can be granted without a fixed income.
Such loans usually incur higher interest rates when borrowing from a bank. Banks take a higher risk on a loan with no income. There is no regular income that can secure the loan.
On the other hand, it is particularly important for private individuals that the loan provided is repaid within the agreed period. The income does not necessarily have to be proven. Of course, the borrower should also be able to service the loan taken out in accordance with the agreed conditions (monthly rate + term). However, it is not necessary for the borrower to prove his income in the form of proof of income.
Credit without proof of income from private
If you do not have a regular income but need a loan, you have two options: You can either apply for a loan with no income from a bank or you can prefer a private loan.
Many consumers are now opting out of banks and would prefer to borrow money from a private individual. In addition to a non-existent income, a weak Credit Bureau can also be a reason for taking out a private loan.
If you want to apply for a loan from a German bank, you have to give your consent to request the Credit Bureau data. This is an integral part of the credit check. A loan approval is only possible if you have no negative characteristics in the Credit Bureau and have a sufficiently high score.
With a negative entry you have no chance to get a loan from a bank and you have to switch to a Credit Bureauneutral loan.
Receive credit from individuals without proof of income.
At kreditvonprivat.cash we bring private borrowers together with private lenders. Our platform therefore acts as an intermediary.
As a borrower, you have the option to apply for a loan. It is important to describe the desired data as precisely as possible (loan amount, what is important to you, etc.). In order to have a good chance of a personal loan without proof of income, you should also specify the desired monthly rate in addition to the required loan amount.
It is also important to disclose your own financial situation. In step 3 of the application process, you have the option of offering alternative collateral (real estate / property, etc.). If you have the option of securing the loan with alternative options, the chances of a loan approval increase.
What are the advantages of private lenders?
Private lenders make loans to earn on interest. More and more private individuals who want to generate lucrative returns are deciding to grant a loan from private to private.
Most classic investments no longer promise attractive returns. For many private lenders, however, it is also important to support people in emergency situations by lending. The conditions are not set for a loan from a private person without income. These can be negotiated individually between the private borrower and lender.
A private loan often means that the risk of default on such a loan is too high for only a private lender. A private loan without proof of income is therefore often realized by several private investors. These can share the lending, so that every private lender has to bear little risk. It is therefore not surprising that with these good opportunities, more and more borrowers are opting for a private loan.