Most people think that taking out a loan is quite complicated and time-consuming. Nevertheless, you can get a loan without bank statements if you are well prepared and the loan amount, your own income and the term match.
Credit without bank statements – the client advisor needs other information
A credit contract is essentially based on two pillars: The first and most important pillar for a credit without a bank statement is a reasonably good credit rating. This means that the borrower should have an up-to-date pay slip, proof of income or similar documents with them to give the bank a positive sign of creditworthiness. For this reason, the borrower does not have to have all the bank statements of the last few months with his house bank. Rather, the lending bank needs more information: The bank uses a Credit Bureau information to find out about unpaid claims or other unsettled loans. Credit without bank statements is also comparatively easy because the previous payment behavior also plays a role, for example in large mail order companies. If all bills are paid there on time or on time, the borrower is also considered solvent for a consumer loan.
The credit without bank statements is also possible through projections
In addition, the bank can calculate a fictitious disposable income based on past experience from the borrower’s income group and the region in which he lives. Or the borrower fills out a form with his most important income and expenses. The bank advisor thus has two indications of an actually available net income. This available net income also serves as a source of income for interest payments and repayments for the loan without bank statements. But if you want to take out a consumer loan, it doesn’t hurt to take a single page of the current account statement with you: the page with the available limit shows that the borrower is considered creditworthy at another bank. The bank’s customer advisor is therefore provided with a summarized colleague opinion as a further source of information.
All in all, one can say that, in particular, smaller consumer loans are granted in standardized procedures based on income data, previous payment behavior and extrapolations. The loan without a bank statement is already a reality.