It is no longer necessary to get into the disadvantageous position of the indebted employee

It is no longer necessary to get into the disadvantageous position of the indebted employee

Being an employee with a debt on the neck, especially when it comes to a larger loan with a longer repayment period, can be very annoying in many jobs. Just because of the feeling that it is necessary to keep their jobs due to installments, and so they start to look at the employer’s practices, which the employee would otherwise suffer only with great reservations or not at all.

It is precisely because of the need to inform employers about their debts, many people have hesitated to take a loan or not. The fact that the employer, superiors and colleagues were aware of the debt was clearly evident on paper receipts. Now, however, there is a possibility to rely on loans without proof of income, where all you need is an electronic statement of account, an overview of online banking or copies of pay slips.

Loans without proof of income require the applicant to have regular income

Loans without proof of income require the applicant to have regular income

The name of this type of loan, that is, loans without proof of income, can be quite confusing at first sight. However, it is necessary to know that these are loans where it is necessary to prove regular income from employment or business, or from other sources (pension, parental). The difference is that it is sufficient to justify the receipts in electronic form. So these are loans without paper proof of income with the signature of the employer.

This is a type of loan that is provided not only by non-banking companies but also by many banks. It is possible to see the income history in the same quality from the statement of account or the view of internet banking as when sending a written confirmation of income and with the employer’s signature.

Anyone who can handle a computer or a mobile phone can do it alone

Anyone who can handle a computer or a mobile phone can do it alone

In addition to avoiding the need to inform their employer of the debt they will have, they will also be able to take out a loan very quickly. Anyone who has online banking can generate an electronic banking statement. And it’s easy and fast.

In most online banking systems, it is enough to navigate the history of account movements. There will also be a possibility to generate a statement, preferably in PDF format. You can choose both the period for which the statement is to be created, but also the types of operations – income and expenditure, or just income. Therefore, it is always necessary to know whether the lender, without proof of income, requires only the revenue side of the account or even the expenditure side (which is usually the case for larger loans).

For those who are not in online banking, just take the pay slips

For those who are not in online banking, just take the pay slips

Everybody who browses the Internet and can find the service of providing a loan can take pictures of mobile pay slips over the last few months and send them through the form on the loan provider’s website.

Or almost nothing will have to be done to prove revenue, just to allow insight into internet banking

Or almost nothing will have to be done to prove revenue, just to allow insight into internet banking

The European provides the possibility to share banking information with others through remote access. Under this Directive, the account holder is the owner of the account information, not the bank. The owner logically has a free hand in deciding who to allow a view of the system with the information that is his property.

In order to make the system safe, it is only possible to allow insight to those lenders who have been certified by the bank and can thus become the ones who consult the personal online bank accounts. Of course, they just look, they can’t change anything here. And based on the history displayed, they then decide whether or not to approve the loan application without proof of income. In this case, the applicant does not have to take other steps.