There are hundreds of reasons why you may need money quickly. But how do you get funding without having to justify your request?
The different kinds of loans
There are many forms of loans. We know of course the mortgage, which allows you to acquire a property. But there are also consumer loans. Although the principle is the same: solicit a lender to obtain money, they are not regulated in the same way at the legislative level.
When one wishes to make a consumer credit, one can find mainly two types of loans. A restricted loan; used for work or to buy a new car; is subject to supporting documents. This means, within the framework of the works, that you will have to produce at least quotations on the materials, if you do the work yourself. If you go through a craftsman, you will also have to produce quotes relating to his intervention.
Likewise, an auto loan does not allow you to otherwise enjoy the loaned money. You will need to present an order form issued by the dealer. If you do not want to justify the use of the money that you intend to ask, then you can go through the personal loan.
What is a personal loan?
The personal loan is exactly like the assigned credit, except that you do not have to provide any proof. Concretely, you can do what you want with that amount, including getting work done. Be careful however, this loan offers less collateral. In the event that a craftsperson does not do the requested work, you will still be required to repay the loan for work that has not been done.
Also called loan without proof, it is also called, and we understand why: loan without credit check. But if you do not have to justify anything, it is however imperative to meet certain conditions, to be able to claim it.
How do I know if I can get a loan without a credit check?
Any credit contracted must be reimbursed. It hires you. You must have heard this type of phrase before. It is obvious that when a financial entity lends you money, it wants to have guarantees regarding the repayment. To find out if you can apply for a loan without a credit check, you can definitely use an online simulator. You will be asked to indicate your income, but also your expenses and your family composition.
These indications make it possible to calculate the remainder to live and the debt ratio of your household. This, to meet the credit legislation, must not exceed 33%. If the answer is positive, you establish a loan application file without a credit check. The amount requested, the repayment period and the credit rate will be indicated there. If everything is in order, you quickly receive the money you need.