We want to borrow money quickly and without unnecessary formalities. Are banks able to meet our expectations? We decided to check whether you can take out a loan without presenting any certificates.
Each financial institution is legally obliged to check the customer’s creditworthiness and financial credibility before granting him any credit or loan. The bank can not lend money to someone who does not have an adequate source of income, allowing for timely repayment of the obligation.
As a rule, this provision is intended to protect the consumer from the consequences of poor financial decisions and at the same time safeguards the interests of the bank, which can thus avoid problems related to the cessation of loan repayment.
However, in order for the creditworthiness and creditworthiness check to be possible, the bank must have the right tool in its hands. In the case of credibility, the debtors’ databases, such as BIK or KRD, come with help. Creditworthiness is assessed on the basis, for example, of the client’s income and expenses or his financial and family situation. A reliable assessment of creditworthiness therefore requires credible confirmation that a person actually receives such and not other income. Theoretically, without a certificate from the employer, the loan will be difficult.
A problematic certificate of earnings
Getting a certificate of income from an employer often requires a lot of west and considerably extends the loan procedure. Banks, however, know that customers increasingly want money “for now”. So in order to stand out from the competition, they try to give consumers what they really expect. In many banks, you do not need to provide a certificate of income anymore. This requirement has been replaced by other documents.
Therefore, the document confirming the income may also be:
- statement on earnings – in this document the borrower must indicate not only how high income he achieves, but also the form of the contract on the basis of which he provides work, period of his employment or the name and address of the employer. The truthfulness of the given data is confirmed with a handwritten signature.
- PIT tax declaration – it is enough to attach only a tax return document to the loan application, and the bank will assess the client’s income based on it.
- personal account statement – the statement can be downloaded from your electronic banking in a few seconds. Thanks to him, the bank is able to determine how high income we receive and with what frequency it affects our account. Therefore, these are sufficient information to assess our creditworthiness.
Loan without certificates. Find it here!
In the case of a cash loan without certification, banks can assess the creditworthiness of the client on the basis of all the documents listed above. As a rule, they only require one of them. Here are examples of loan offers with the necessary documents to assess creditworthiness:
|Bank||The type of loan||Accepted documents|
|Nest Bank||Nest Cash on CLICK||Required statement or account history from another bank for the period indicated|
|Bank Millennium||Cash loan||Extract with remuneration transfers for the last quarter or PIT for the last year|
|Santander Bank||Master Cash Loan||Extract confirming the impact of remuneration or PIT for the last year of PIT|
In the case of Bank Millennium and Santander Bank, the client can choose which income confirmation option suits him best. Of course, any person requesting a cash loan without certification will also have to present a valid ID card.
Lie has short legs
The possibility of submitting a statement on earnings may give rise to the temptation to small “podkoloryzowaniu” its financial situation. Such a practice, however, is a dire path. The bank will verify the information provided by us on its own and will sooner or later come to the truth. And when we are caught cheating, our chances for a loan will fall practically to zero. So it is better not to risk and from the beginning play with the bank in open cards. This approach can only pay for us (kg)