Get funds quickly to realize a project without having to explain it… This is the promise of credit without justification. This type of loan allows the borrower to use the capital requested as he sees fit, with the assurance that his privacy is fully respected. Creditstair tells you everything about personal loan.
Credit without justification: definition
The personal loan or unsupported credit is a consumer credit granted without the borrower having to provide documents explaining the purpose of the funds released by the funding agency. He opposes the affected loan which, as the name implies, is linked to a purchase project (s). It may be an auto loan in which case it will be necessary to provide the invoice, a work loan for which the bills of the parts and / or the contractor must be transmitted. The personal loan without proof can relate to an amount of up to 75 000 € to be reimbursed in 7 years maximum.
Credit without proof: benefits
The credit without justification makes it possible to concretize any project, and this, in all discretion. It can be used to buy furniture, a vehicle, a musical instrument, to carry out work, to finance a wedding or any other event, to afford a trip to the end of the world or, more pragmatically, to help a loved one who is having difficulties. Once the funds are released, you will have no obligation to purchase and your privacy will not be disclosed. In addition, the formalities are simplified and the personal loan is more flexible than an assigned loan.
Credit without justification: inconvenience
The only disadvantage of personal credit is lack of security. Clearly, you can not cancel the credit. Indeed, an affected loan can be suspended for example in the case where the work ordered does not intervene on the date mentioned.
Credit without proof: vigilance
Be careful not to confuse credit without proof with credit without proof of income. The borrower should systematically provide pay slips and / or tax notices. Answering an offer that provides you with a credit without proof of salary is therefore rather perilous in the sense that the funding agencies are required to check the creditworthiness and repayment capabilities of their customers.