If you have very little or no income, you are not necessarily a welcome guest at banks and savings banks when it comes to granting a loan. Here it is better to work with consumers who not only have a high income, but are also possibly single or at least without children. “Without income” does not necessarily mean that you are unemployed.
No, even housewives, students, pupils or even mothers on parental leave have no income and therefore fall into this category. But if you are looking for a loan and cannot prove a fixed and regular income, you will quickly be rejected. How it works in spite of everything with a loan will be explained here.
An online loan with no income
Since you cannot get a loan without income from a regular bank, you have to extend your search for it to the Internet. As is well known, there are many providers here who make their money available in different ways. In order to be able to find the best possible offer, it must first be clarified what the money is to be used for.
For example, you can now buy in installments from many mail order companies and do not have to provide proof of income. The pure Credit bureau information is sufficient. So here would be the first point of contact for online credit without income.
Second, you can ask various private lenders for help. These usually occur in connection with an intermediary who establishes the contact and negotiates the loan agreements. However, one should bear in mind that fees for the placement are due here. Even before a loan agreement has been concluded. The fees are incurred for the efforts of the intermediary and are to be paid in any case.
Possibility for online credit without income
Another possibility for online credit without income is to look for a borrower who takes out the loan on behalf of the actual prospective loan. However, this borrower must have an income, otherwise he will be stuck in the same situation as the actual borrower.
And if the borrower with no income is a housewife or a young mother on parental leave, she could ask her partner or husband to take out a loan. Here, too, the partner or husband would have to act as the first borrower. In return, the housewife or young mother could appear as a guarantor. In such a constellation, a loan from any bank with a branch would be possible.