Often there is no change to finance certain things. It is not uncommon for a loan to be used as external financing. But what if financing is urgently needed, but no regular income is generated or there is no proof of work?
A loan without proof of work as a difficult undertaking
Loans without proof of employment will generally prove to be difficult. Many banks at your location always first check the creditworthiness of the potential borrower before specifying a loan. If there is no regular income to prove here, it becomes difficult to grant a loan. Because the banks assume that it will then be almost impossible to pay the monthly installments.
The situation can be different here, for example, if you still have life insurance or a small savings contract. This money could then be used to repay the loan when it was due. However, approving a loan without proof of work from a local bank at your location will be the exception.
Loans without proof of income from direct banks
Nevertheless, the situation here is not hopeless. Because you have the option of looking for a loan without proof of work on the Internet or a provider who will also approve such a loan. Many online direct banks grant loans despite the lack of evidence of regular income. But here, too, the lenders want to secure themselves and require collateral. This can then be, for example, a guarantor or a security transfer of funds or objects.
So the lender can be sure that he will get his money anyway. In this case, you should get several offers in any case, because many providers charge a significantly higher interest rate than normal loans, where a regular income is guaranteed and can also be proven. A comparison of several offers can help you to save money here.
Use providers abroad
Some providers, especially abroad, offer special credit without proof of work for housewives, students or start-ups. This happens partly on a trust basis and is secured by an increased interest rate and possible collateral. Here, too, a comparison is sensible and advisable.
Use other credit options
In general, it is not easy to get a loan without proof of work. Therefore, you should always look for alternatives here. For example, your family or friends can help out with a small sum of money. In any case, carefully check your options in advance and compare individual offers. This is the only way to get the best out of yourself.