For many customers, the main determinant of the attractiveness of a loan offer is the time it takes to complete the entire procedure. People want to get extra money as soon as possible to pay for urgent expenses or to spend them on their dream purchase. For this reason, lenders do everything to limit the amount of formalities needed. The result of these efforts are loans for a statement granted within a few minutes.
What is a loan based on a statement?
The vast majority of loan companies check the amount of client’s monthly income before making a decision. To this end, the borrower must have a statement of earnings that only the employer can issue. A statement is a document that you write yourself. All you have to do is enter your income, sign it, and the procedure for granting a loan based on your statement goes on. At least in most cases. There are, however, situations in which the lender will want to verify our statement.
This is especially the case for contracts for very high amounts. If the customer’s statement raises any suspicions, the loan company may need to verify the data. Often, our contribution will not be necessary. The borrower will simply contact our employer and verify the information we provide. We can also help you verify the statement. For this purpose, we will need a bank statement or tax settlement from the previous period. If we care about time and finalize the procedure online, we will often be able to use a special verification application.
Can anyone get a loan for a statement?
Let us remember that a loan based on a declaration is not tantamount to granting money without any formalities. The customer cannot write a statement with false data, because the loan company can verify this data at any time. And if such a fraud attempt is revealed, the client is facing legal consequences. Therefore, loans based on a statement are addressed to people who have real monthly income, which can be verified by an employment contract, bank statement or tax settlement.
Loans for online declarations
The great advantage of this offer is the possibility of carrying out the entire procedure via the Internet. The process takes several minutes, and in the event of a positive decision, the funds immediately go to our account. Is verification of the information provided in the statement the only step that the loan company takes before making a decision?
It all depends on the lender’s policy. To make sure that the client has adequate creditworthiness, loan companies also often check the BIK history as well as entries in the debtors’ databases. For the company, it is beneficial because information can be obtained in a few seconds. Loan offers should, however, inform the client about which databases will be checked by the company before making the final decision to grant a loan based on the statement.