Anyone looking for a loan today can choose from a wide range of loan offers on the internet. However, the precondition is that the borrower has a corresponding credit rating. To check these, banks therefore conduct a credit check on every loan request. An online loan with no salary is therefore very difficult to get.
No online credit without salary
Anyone applying for a loan over the internet must complete a corresponding loan application. This also indicates the personal income and expenditure situation. On the basis of these data, the bank carries out a preliminary audit and gives a provisional commitment if the credit can be approved. However, this is only temporary. For the final credit check, the borrower must send the signed loan agreement along with his salary statements to the bank. The online loan will not be finalized without the salary statement.
The only way to get an online loan without salary is for self-employed or freelancers. Since they have no salary records, they can prove their income through the latest income tax returns. Without proof, however, self-employed or freelancers do not receive credit from a bank.
Even Swiss credit without salary is not possible
In a so-called Swiss credit is waived a review at the credit bureau. However, this requires a regular income. This must prove the borrower by submitting the last three pay slips. If this is not possible then the loan will not be approved. Without regular income, the default risk for the bank is too high. In addition, the bank has no way to enforce the outstanding claims in case of default.
Beware of dubious loan offers
Often an internet loan with no salary is advertised on the internet. However, these are dubious and sometimes even illegal offers. The income represents the basis that the borrower can pay the monthly installments. For this reason, no bank will approve an online loan with no salary. The credit intermediaries, who advertise with such offers, try to capitalize on the financial hardship of the people. Those in urgent need of a loan often cling to the last straw to get it.
However, you should not get involved in such offers. As a rule, an advance payment of the agency fee is required here. If this is paid, there is nevertheless no mediation of the previously promised credit. Another popular scam is to require a potential borrower to take out various insurance policies in order for the loan to be approved. Again, there is no credit brokerage later.