There are times in life when suddenly there are unplanned expenses. Often, for various reasons, they cannot be postponed. In such situations, a loan without a certificate of earnings, which can be obtained in practically every bank, is helpful.

Until a decade ago, no financial institution had the concept of credit without a certificate of earnings. Of course, we are talking about banks, because non-banking companies have long since accustomed consumers to offering loans without presenting income documents. However, the times are changing and banks are now also granting loans for which a minimum number of documents is required. How does it work in practice and can this form of financing actually be obtained from the bank?

When does the bank not require additional certificates?

Although the bank is not as flexible an institution as loan companies, cash loans without proof of earnings only on the basis of ID cards are still a dream. However, such companies are increasingly willing to facilitate the procedures so that the customer has quicker access to additional resources. In most cases, credit without income certificates can be obtained online. In this case, no documents issued by workplaces or other institutions need to be submitted.

The Bank requires a statement of income or a bank account statement to be attached to the application. Depending on the internal procedures, this may be the last 3 or 6 months. It is important to show that you are regularly crediting your personal account. The electronic version of the statement is very easy to download, because nowadays every account has access to the Internet. So just log in to your bank, and then find in the tab with your account history exporting data to a PDF file for selected months. Usually, in the case of such credits it is necessary to send a scan of your ID card. This can also be a camera shot. It is important that the document is legible.

Who can benefit from this form of financing?

Credit without income certificates is a product that is used not only by people in urgent financial need, but also by customers who earn income from other sources than employment contracts. Here it is irrelevant whether the source of income is a contract for a work, a contract, alimony, pension or scholarship. The Bank only assesses whether deposits to the account are regular and how much they are. In the case of this product, the financial institution shall also assess the creditworthiness of the potential client. It is therefore certainly more difficult to obtain this credit for people who do not have a stable income.

It is worth remembering, however, that in case of doubts, the bank may ask for additional statements or documents. The situation of each customer, including the assessment of creditworthiness and creditworthiness, is considered individually. This is because the amount of the sum granted depends on it, as well as the amount of repaid instalments or possible insurance.

​