Loans without income verification are a dream for those who are self-employed or who do not have a steady income. Can you imagine applying for a loan where the lender doesn't ask for proof of your income ?
However, you may be able to find certain individuals who are eligible to provide such loans, provided you meet certain criteria.
You can also get the information about ‘credit without’ income ( also known as ‘Kredit ohne’ in German language) you can search online.
People who provide loans without income checks.
There are several courageous individuals who are willing to take the risk of funding these non-standard loans. Funds come out of the pocket and are limited to one or two million depending on the lender. Most lenders will only provide loans for 3-5 years. Sometimes they can provide loans in packages.
They borrow one, they give you another when you get back. The advantages of such loans, of course, they ignore the history of stains. Indeed, that's why you got it in the first place. The disadvantage is that these atypical loans come with high interest rates to offset the risk.
How can I get it?
Even if you've been self-employed your whole life, you can still find a lender to provide you with this type of loan, but you need one thing: a good credit rating. You'll also need to be willing to pay a sizable down payment, which can be double (sometimes nearly triple) as much as a traditional loan.
So, if your conventional mortgage loan is 6%, expect an unconventional interest rate of 10% to 12% plus prepayments and prepaid loans that run into the thousands.