Today we will tell you why loan companies require the presentation of such a document and whether you can borrow money without a salary certificate.
To get a bank loan or credit, in most cases you will need to provide the lender with a salary certificate.
A statement of earnings may be necessary when taking a loan in bank, but also when taking a non-bank installment loan.
Why an earnings certificate?
Installment loans and credits are financial products that I usually pay back for over a dozen or even several dozen months.
When granting a loan, the lender must be sure that our financial standing allows us to repay the obligation on time.
Based on your earnings and monthly financial commitments, you’ll be able to accurately assess this.
The higher the amount of monthly receipts, the more money we can borrow.
Security for the lender
The document from the employer will therefore allow the bank (or loan company) to properly secure its interests and minimize the likelihood of late repayment or total inability to return the loan.
Certificate and statement about the amount of earnings
If you plan to take a quick non-bank loan (payday payday loan), the lender will not require you to provide an income certificate. This situation may also be encountered in some banks or by taking a non-bank installment loan.
Instead of an income statement, all you need is your statement and declaration of the amount of income you receive.
However, remember that by borrowing money for the statement you will be able to receive no more than several thousand zlotys.
To borrow a higher amount you will need a certificate from your workplace.
Loan without income certificates
If you do not want to (or cannot) provide the lender with an income certificate, you can get a loan without a certificate. Such loans, offered by non-bank financial institutions, are a great way to finance unplanned expenses that you can’t wait for.
If you have never used the services of a loan company before, you will be able to borrow up to USD 3,000.
All you need to get a loan is a computer with internet access, ID card, account number and mobile phone number.
You will take all the necessary steps online, and you will be able to receive additional money even within 15 minutes of the lender’s positive decision.