The payday loan has the advantage of being able to be used at the goodwill of the borrower. Easy and quick to set up, it seduces a large number of borrowers. But how to get a payday loan quickly and without proof?
Payday loan, what is it?
The payday loan is a type of consumer credit that spans a few months or years but never exceeds five years. It is an aid to the realization of payday projects of different types. At the signing of the contract, the terms of the loan are known by the borrower. Interest rates, monthly payments and total cost of credit are fixed. Obviously, the faster the credit is repaid, the lower the total cost.
One of the main advantages of the payday loan is that the borrower can finance what he wants. Indeed, it can as well serve to change the decoration of its interior, than to buy a car or finance holidays.
Since 2011, a law stipulates that contracts related to payday loans must be more legible for the consumer. Thus, a certain amount of information must absolutely appear there. Among them, the type of credit, the total amount of the loan as well as the conditions for making the funds available, the duration of the contract, the costs related to the execution of the credit agreement, the borrowing rate or the interest rate. total annual effective amount and the total amount due by the borrower, calculated at the time of the conclusion of the credit agreement.
The withdrawal period
Since 2011, the withdrawal period following the subscription of a payday loan has increased from 7 to 14 days. After the credit is signed, the borrower has 14 days during which he has the right to change his mind and waive his credit. If you wish to retract, know that a withdrawal slip is attached to the contract and aims to cancel the loan. Simply return it by registered letter with acknowledgment of receipt to the address indicated.
Get a quick payday loan without proof
In general, it is possible to obtain a quick payday loan without proof. As a result, the acceptance rules are often stricter, since no proof is required. The financial institution will therefore establish a deeper analysis of the profile of the applicant to have more guarantees (stable employment, good income, debt ratio, etc.). In any case, the debt will not exceed 33% of the borrower’s income.
How to apply?
If you want to obtain a quick loan without proof, you first need to apply to the chosen financial institution. Obviously, several administrative documents will have to be provided so that the institution can evaluate the repayment capacity. It is a question of providing documents of identification, payslips, the amount of his charges or credits in progress to prove his good financial capacity.
It will then be verified with the Central Credit to Individuals that the borrower has no difficulty in repaying its outstanding credits. Needless to say worsening a situation of overindebtedness. Other financing solutions will be considered if the borrower has too little income.
Quite often, this request can be made on the internet, very quickly. A few days later, you will receive an answer to your request. Be aware that this can occur in less than 48 hours.
How to benefit from the best deals for his quick payday loan application without proof?
Getting a fast, unsupported payday loan is possible, but you still need the best deals to make this loan as profitable as possible. To benefit from the best offers, it is advisable to make this request online and to use a comparator of offers. With just a few clicks, this tool sorts hundreds of loan proposals and selects those that may be right for you and offer the best rates. A significant time saving for those in a hurry. Those who prefer the contact will obviously be able to go physically in several banking establishments and then compare the offers.
A payday loan without proof of income, it is possible?
With a payday loan, no need to justify your purchase. The borrowed money is used as desired by the borrower. But is it possible to benefit from a payday loan when there is no proof of income? It exists but it is not a payday loan, but a payday loan without proof of income.
Ideal for students, temporary workers or auto-entrepreneurs, this type of credit has the disadvantage of offering higher interest rates. So be careful to check that the debt ratio does not put your survival at risk and think about comparing offers. Online comparators are the best way to find an offer that best suits your situation.