What is a loan with or without proof?

Let’s be clear: a loan without proof does not exist! Whether you are applying to a bank or credit company for your loan application, you will always need to provide a minimum of documents (pay slips, account statements, etc.).

In concrete terms, the term “loan without justification” refers to credits for which a demand for liquidity does not have to be accompanied by an estimate. We are talking about the so-called “unaffected” personal loan, as opposed to so-called “affected” loans (car loans, mortgages, holiday loans, etc.) for which a reason must accompany your application.

What is the difference between a loan “without proof” and “with proof”?

A loan without proof does not exist. The term (which instead means “unallocated”) includes credits for which a reason for the borrowing of cash is not essential: it will be called personal loan (or installment loan).

Be careful : even if a loan is said to be “without proof”, most banking organizations (bank or credit company) will ask you for what purpose the loan will be applied.

This type of loan is opposed to appropriations known as “assigned” (or “with proof”) for which a written proof must accompany your application for credit . This will be the purchase order of the car mechanic for the car loan, the sales agreement of the real estate agency in case of mortgage loan, etc.

Subject to acceptance of your file, the amount borrowed will be directly paid into your bank account (not the seller’s account), and you can then use your money as you wish.

What is a personal loan?

What is a personal loan?

A personal loan (or “installment loan”) is an “unallocated” (or “unsupported”) consumer credit that allows you to borrow money to finance the personal project you want.

With personal credit, no bad surprises! When signing the contract with the bank or credit intermediary, you know the duration, the interest rate, the total amount you borrow and the fixed monthly payments you will have to repay.

You are finally required to repay the entire loan on the agreed date (and in case of early repayment , you will have to pay a reinstatement fee).

What documents must be submitted when applying for a loan without proof?

Do you want to apply for a loan “without proof” (or personal loan)? You will need to be able to present, among other things, the following legal documents:

  • A copy of your identity card (or residence card) and / or co-borrower;
  • Salary slips for the last three months;
  • Account statements mentioning proof of income;
  • Your other sources of income (for example: your family allowances)
  • The latest warning-role statements (if you are freelance or freelance);
  • Written proof of the regularization of your situation 
  • A copy of your credits currently being refunded (if you wish to carry out a credit consolidation).

You do not work ? As long as you can show regular income, you can get a loan.