You may have already crossed the term “unsupported consumer credit” in your bank’s loan proposals, without really knowing what’s behind it. Consumer credit without proof is in fact a practical and quick financial solution for unforeseen circumstances, small projects or urgent financing needs
What is credit without proof?
This type of loan is part of the family of consumer loans, while being particularly flexible. Its main advantage comes from its lack of justification: the borrower does not need to explain the use he will make money. This credit is also called personal loan, as opposed to the assigned loan which requires him to provide a quote or invoices to justify the request for funding. Often used when carrying out small projects or purchases (work, appliances, permits …), it also helps to overcome hard and unforeseen difficulties, easily meeting the financing needs.
The characteristics of this credit
As for the amount granted, a consumer credit without proof can go up to 75 000 $: it is however often capped at 21 300 $. The duration of this personal loan can be in months or years, but rarely exceeds 6 years, making it a practical solution that is not viable for long-term projects. The operation of the repayment of funds is similar to that of most loans: the borrower returns the money by monthly, quarterly or any other frequency chosen in agreement with his bank. The loan rate is often quite high because of the risk taken by the banks, but remains fixed and guaranteed throughout the contract. Be careful, the borrower must still be an administrative file: without proof does not mean anonymous!
Enter a loan without proof
One of the advantages of this loan is the speed of execution: the borrower receives the funds in a few days only when his file is validated. Note, however, that it can not be accepted in case of over-indebtedness or filings at the Banque de France. Most banks offer this type of credit, just make a simulation online or go directly to the agency. To be certain of obtaining the most advantageous loan, do not hesitate to use comparators of credits which will guarantee you the best possible rate! Be wary of offers that are too appealing or do not require proof of identity, home or income. Now that you know everything about consumer credit without proof, remember that this solution remains a loan that commits you: be careful not to contract one on a whim!