It is not excluded to get a loan without a job certificate, but it is difficult because banks and credit institutions generally require credit applicants to prove their permanent employment and the resulting income.
If you apply for a loan without proof of employment, you should be able to provide the bank with alternative collateral, which usually works best when a solvent guarantor takes over the co-application. At least when the loan is for a cash advance from a direct bank or a local branch bank.
Where to get credit without having to prove work
The situation is slightly different if the loan is not taken out directly at a bank, but, for example, in retail or mail order in connection with the purchase of consumer goods. In this type of loan, the banks do not grant credit in the form of cash, which is freely available to the borrower, but it is credited to a particular commodity. This purchased product will only become the property of the buyer once the loan has been fully paid. In these cases, the purchased goods are considered as collateral. If a borrower does not use his loan, the goods are usually secured. Anyone who is already a customer of mail-order businesses, but also new customers, gets a loan without proof of employment. Everything that is being tested is the record. If the record is in order, the trade credit will be forgiven,
Get the cash advance without proof
Anyone who wants to apply for a loan without proof of employment, but does not find a solvent guarantor, should seek the interview with the bank. There are other securities that banks accept when lending. For example, a life insurance or a securities account or an investment in fixed deposits. However, borrowers should be aware that they will not be able to access the pledged deposits during the term of the loan.