Online loans are a way to quickly receive funds in an emergency. Check what conditions you must meet to receive them.
What are loans without online certification?
The wording ‘loan without certificates’ suggests that you do not have to provide employers with certificates from your employer to use these types of products.
This is indeed the case – many non-bank institutions offer payday loans on a simple basis, without requiring you to provide proof of employment and relying only on your income statement. This mainly applies to short-term loans, called payday loans.
Loans without certificates are available online, which means you can apply without leaving your home.
Some offers are advertised as a loan in 15 minutes via the Internet without certificates – thanks to the simplified online procedure, the formalities took only a moment, and after the successful consideration of your application, the money can reach your account within a quarter of an hour. Learn more about payday loans in 15 minutes.
How do you get loans online without income certificates?
The procedure for granting a loan without online earnings certificates is not complicated. To receive financing in the form of payday loans, you must meet the following conditions:
- be of legal age and have an ID card – some loans online without certificates have been available e.g. from 19 years old, others from 20 years and others from 23 years old,
- have internet access
- have an active cell phone
- fill out an application,
- have a bank account.
As we have already mentioned, verification of the application does not require submission of income certificates, although in some cases you may be asked to provide a bank statement, which is sufficient confirmation of your solvency for the company. What’s more, you usually don’t have to have a guarantor or own a property.
A loan without online certification can also be financial aid for the unemployed – if you are not currently employed, you can count on payday loans, e.g. at Good Finance.
Loan companies that offer a loan without online earnings certificates often do not verify your situation in GFI. Thanks to this, you can apply for it even if your credit history is not perfect and is the reason for rejecting your loan application in a traditional bank.
For how long and where will you take out a loan online without any certification
Loans for proof are usually for small amounts and have a short repayment period, although a loan without online certification can also be an installment loan. In the first case, you must repay the amount received – depending on the specific offer – e.g. after 15, 30 or 60 days.
Repayments are made once at a specified time. It is different when you take out an installment loan – in this case, the debt is spread over installments that can be repaid for up to 3 years.
Short-term and long-term loans without income declarations over the internet are available only at non-bank financial institutions.
Good Credit, Honest Bank are some of the companies that provide payday loans online. You can apply for an installment loan online and without certificates, even for an amount exceeding USD 10,000.
How do you choose the best online loan without certification?
The high availability of loans over the internet without certificates may be a temptation – but never pay attention quickly, especially if you don’t need extra money or expect to have problems paying back your debt.
However, if due to sudden health problems, breakdown of household appliances or the need to pay for car insurance you need a loan for already, a carefully chosen product may prove to be a good solution for you.
Remember to compare different offers before submitting a loan application without online certification. You can do it in a simple and fast way, using the comparison of payday loans on Michael Henchard. All you have to do is enter the loan amount you are interested in and the repayment period, and the search engine will display a list of loans that meet your requirements.
In the payday loan comparison, you can also check the box “only free first loan” – the search results will then only include those companies where you will not have to pay for the first loan.
Also, pay attention to APRC loans – while free payday loans have APRC equal to 0%, others are more or less expensive. Thanks to this indicator you will find out what amount you will eventually have to pay back to the lender.
Online loans without income certificates are a good way to quickly and conveniently gain additional funds for unexpected expenses. Few formalities mean that you can count on them at any time by applying for money without leaving your home.