Banks have a number of demands and conditions from consumers who demand credit. Banks’ requests and conditions also vary from person to person in some cases. The main reason for this is the income of the people. Especially the loans offered by banks to a person with low financial income, or those with high income, are not the same. At the same time, if the people with low credit ratings request credit, banks can make vouchers or promissory notes from these people.
Banks granting loans without guarantee and income certificate
Or, if there is any immovable property that it can display mortgages, it can request that these immovables be shown. It is known that consumers have entered researches on banks that do not provide guarantors and loans without income documents, and that banks that do not want guarantors or promissory notes to use loans from banks, especially those with low credit ratings, are known.
It is known that banks have been more flexible about credit especially for 1 or 2 years after the increase in the number of consumers with low credit ratings.
Banks That Provide Loans Without Income Documents
There are some situations where banks will not demand guarantors from consumers. One of these elements is the credit rating element known by everyone. While the banks were evaluating the decision to give credit in line with the property’s income status, the banks now decides on this issue only by looking at the credit rating.
It is easier for people who do not have any problems about credit ratings to benefit from the credit facilities of banks. However, if there is any problem in the credit ratings of the consumers, in this case, the banks reveal elements such as income certificate and promissory note. In this case, consumers are also researching banks that give loans without income documents. Almost all banks have started to provide services in this regard.
Lending Credits Without Guarantee Certificates
It can easily be said that the vast majority of public and private banks do not demand guarantors in vehicle, housing and personal loans under suitable conditions. Banks offer the 10 thousand USD loan to the consumers with a 48-month maturity. Bank provides a 48-month term loan of 10 thousand USD to consumers who want to use credit without guarantee. In this term, the interest rate turns out to be 1.24. Considering this interest rate and the amount withdrawn, the monthly payment is 293 USD.