Simplicity, which is very expensive, or a loan without a certificate of income

A few years ago, a loan without a certificate of income was a very rare phenomenon. In order to get the required loan, you had to carry a bunch of all kinds of papers, certificates and so on to the bank. But today it is enough to present only a couple of documents (a passport and one for the creditor's choice), and then get the required money. This condition is especially interesting for those who receive part of the salary "in the envelope." However, we all perfectly understand that banking institutions are not charitable organizations, and therefore they insure their possible losses by including the risk of non-return to the interest rate. This automatically leads to a strong appreciation of borrowed funds.
It so happened that a loan without a certificate of income and guarantors is one way to attract clients in the face of very tough competition. And here all means are good. In particular, gullible citizens are lured into their networks through promises of high-speed issuance, simplicity of registration and low interest. Most often, this is typical for the segment of consumer lending.

Bankers themselves argue that a loan without a certificate of income is not too different from the standard programs. Is that the smaller amounts of loans issued, a simpler decision-making procedure and high risks. By the way, about the latter. Suppose that a citizen N. bought a good refrigerator at the expense of bank funds. However, one day, the money stopped returning. Of course, the lender will write to him a couple of angry letters describing the monstrous punitive measures that await an irresponsible citizen N. But that's the end of the matter, because there are a lot of people who also issued a loan without a certificate of income, but they pay for it regularly. That's just the amount of their payments cover the risk and, in fact, the income received from the citizen N.

The reality is that conscious borrowers are much more than unscrupulous. For all the time, while a loan without a certificate of income is actively offered to the population, the percentage of delinquencies for such programs to a critical level has not even come close. Therefore, many credit and financial institutions, seeing in it an excellent opportunity for good earnings, actively promote it in the financial services market. Statistics, by the way, show that its dynamics are very quick. In addition, let's not forget that any bank strives to provide the highest quality service, while reducing the time required for registration is one of its main components.

But where can I get a loan without a certificate of income? The answer is simple: look for ways to cooperate with banks that are leaders in the field of consumer credit. And to find is not the most important thing. Try to still provide documents that will confirm your solvency. This will help to significantly reduce the overpayment. But if you really need either a certificate of income - this is a problem, then choose according to your preferences, but not forgetting about such a moment as an effective interest rate.