Consumer credit: what is credit without proof or payday loan.

What is payday loan without proof?

What is payday loan without proof?

Need to arrange your interior, finance your leisure or between you to build a personal cash, the payday loan without justification is an interesting solution to concretize your projects.

The amount borrowed is between 200 euros minimum and capped at 75,000 euros. Most of the time, the sum delivered does not exceed 21,300 euros. To benefit from this loan, the borrower can turn to his bank or a specialized credit agency. The repayment term can be up to 5 years.

The funds are paid in one go to the current bank account of the borrower.

What are the criteria for awarding this loan?

What are the criteria for awarding this loan?

Although the payday loan is a practical solution, its acceptance is subject to certain conditions. The loan without proof remains a loan like the others. The borrower undertakes to repay his credit. Before undertaking any loan procedure, the subscriber must ensure its ability to repay.

The lending agency scrutinizes the subscriber’s file. To be eligible for a payday loan without having to justify its use, the borrower must have the profile of the ideal borrower. That implies :

  • Have a stable job. The lender will be attentive to the position and the seniority of the subscriber in his company.
  • Justify of regular income. If the borrower is self-employed, he or she will need regular resources.
  • Exemplary financial behavior. The last three bank statements will be particularly studied by the banker. Large expenses or repeated bank overdrafts can send a bad image of your file.
  • Have a good ability to save.
  • Do not be stuck at the Bank of France. The subscriber will encounter many difficulties to contract a bank loan if it is in a situation of banking prohibition.

Conso credit without proof: advantages and disadvantages?

Conso credit without proof: advantages and disadvantages?

Making a loan without being accountable gives real freedom to the subscriber. In addition, this method of financing does not require having a personal contribution.

On the other hand, the loan without proof is not related to the contract of purchase of a good or a service. Clearly, if your purchase is defective, you still have to repay the monthly loan, unlike the credit affected.

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