Contrary to what you think, people who want to use credit do not always have to declare income and can use credit even if they do not have or prove this. If the unemployed or those who do not declare their income for some reason want to use loans without needing to submit a proof of income, they have to work with some banks.
While some of the banks make the income document obligatory in the loan application procedure, some do not need to declare the document. In this respect, it may be useful to convey what should be known about banks and application methods that give unemployed loans to the unemployed .
Is Unemployed Loans Given?
Even if you do not work or work anywhere, if you are not insured, you can use credit from various banks. The only thing you need to pay attention to about the bank you want to use is whether or not you submit a proof of income. A loan application to a bank that does not request an income certificate can be accepted with installments up to 20% of the minimum wage. The most important point in determining this is your credit rating.
If your credit rating is high and you cannot declare any income, the bank calculates your salary based on the minimum wage and allows you to use credit with installments that will not exceed 20% of the minimum wage of 2000 USD, ie 400 USD. This is the upper limit, loan applications below this level are much more likely to get approval.
What is Considered When Giving Credit To The Unemployed?
The most important consideration before giving credit to the unemployed is the credit rating. Banks want to have a high credit rating in order to provide a loan with an income certificate. Consumers who do not have a high credit rating are unlikely to use loans without declaring documents.
So before you apply for a loan, make a questionnaire to find out how high your credit rating is. After your credit rating questionnaire, the higher your rating, apply to a value closer to the maximum installment level of 400 USD per month, if your credit rating is low, request a loan for the amount that you will pay maximum 250 USD monthly installments. High credit score is 1500 and above, 1300 and below credit score is considered as low credit score. How it will evaluate the scores between 1300 and 1500 and which category it will be included in depends on the bank’s credit policy.
Banks that give credit to the unemployed
It is equivalent to the bank’s income certificate that gives credit to the employee and the bank that does not require SSI employment. In addition, some banks only request the receipt of an income certificate if deemed necessary, and most of the time they do not require document declaration.
Which Revenues Can Be Declared
If you are not working, you must earn income and receive money to make a living and make your daily expenses. In this respect, it is also important to know which revenues can be declared to the bank:
- If the deed is your own, the rental income obtained,
- Retired income,
- Income of family members living at the same residence address,
- Registered revenues from farming,
- Income from company partnerships,
- Income from seasonal jobs.
Although these are the most frequently declared types of income, they are not limited to these. If you tell the bank official how you got money, you can report this information to the upper authority and provide information about income. So don’t hesitate to explain how you got your money and apply for your loan.
Loans For Unemployed People Without Income Documents
We can say that a bank that has been in our lives for a long time and it is the most important bank that provides unemployed loans. You can choose all branches to apply for loan , or you can apply using internet banking. To apply for a loan on the internet, you need to login and enter all the requested information completely. Finally, you can apply with Sms. To do this, leave a space by writing credits and write your Citizenship Number. Your credit application will come to your mobile phone in a short time, either positively or negatively.