For a large part of the German population, the monthly income is sufficient to cover the costs of general living. Additional expenses, such as vacation, the purchase of new furniture or a car, are often financed by a loan. Employees with a permanent position logically turn to their house bank. There they apply for a loan with a fixed term and consistent monthly repayment installments. The loan department clerk routinely pulls private credit information and reviews the current payroll account. In addition, he makes sure that the employee is still in an undecigned employment relationship. If this procedure fails to the satisfaction of the bank, nothing stands in the way of granting a loan. It is quite different when someone needs a loan without salary information. These include day laborers, the unemployed, housewives, students, workers with short-term or fixed-term contracts and self-employed.
Borrow with a guarantor
Those who can not demonstrate a permanent employment contract have the option of taking out a loan through a guarantor. This must be solvent and bring the requirements required by the banks. However, a guarantee is anything but a formality. When granting a loan without salary information, the lending institutions demand a direct guarantee. In the event that the borrower does not meet his monthly payment obligations, the liabilities are transferred directly to the guarantor. It is possible for the guarantor to obtain a title against the original creditor. But first he has to repay the loan with interest and fees. The borrowing with a guarantor requires a great relationship of trust between the parties. Practice shows that surety bonds are usually taken over by spouses, relatives or good (business) friends.
Borrowing with security
Easier to realize is borrowing with collateral. The mortgage or mortgage is the best known form of hedge for a loan. But even those who have art treasures, securities, ripened life insurance, property, precious metal or diamonds can transfer these assets to the lending institution as collateral. Although it may be difficult to assess, motor vehicles, machinery or inventories can be used to cover a loan without salary information. Reliability certainly plays a major role in borrowing. Thus, the loan to be granted should never be a multiple of the security-assigned goods. An exception to this rule are pawn shops. Certain assets (electronic devices, jewelery, antiques, etc.) are ideally suited to raising capital in the short term. The pawnbroker estimates the value of an item and pays out part of it as a loan. The borrower can trigger the pledged property within a specified term by repaying the loan amount plus interest and fees. Otherwise, the pledged items become the property of the pawnbroker.
Take a loan online
Over the past few decades, the Internet has taken a dominant position in our daily lives. No wonder that there are now providers who offer a loan without salary information online. Unfortunately there are black sheep in this area. But even reputable institutions give loans to the corresponding clientele. Foreign banks are leaders in this regard. For the granting of such a loan, it is often sufficient to provide proof of corresponding entries in the checking account. For the recipients of Apanagen, other maintenance payments, annuities, rental or rental income this form of income proof is ideal. However, the borrower should pay attention to the amount of interest and fees. In order to be able to make a comparison between the various offers, credit calculators are also available, which are also offered on various platforms. Getting a loan without salary information may be difficult, but not impossible.