The microcredit company FinaGuru issues short-term and long-term online loans to individuals. The organization does not have a branch network; it operates remotely via the Internet.
Creditnice is a microfinance company operating since 2013. It specializes in loans with online processing, including to pay for purchases from partners; it also issues virtual credit cards and provides credit lines.
Microfinance companies, unlike banks, do not have strict requirements for income and employment of employees. They also often do not require proof of income. This is convenient for those who for some reason cannot provide a supporting certificate. Here are all the companies that do not require proof of income when applying for a loan. When choosing, consider the amount and term, interest rate, requirements for borrowers and other conditions.
How to get money without certificates online
The main advantage of microloans is a minimum package of documents and loyal requirements for the borrower. All you need is a passport. Sometimes you need to present a second document for identification – a driver’s license, a foreign passport.
Information about employment and earnings is filled out in the application form, without presenting certificates. This saves a lot of time when submitting an application. In addition, there is no need to explain to the employer the purpose for which the certificate is being requested.
It is also convenient to get a loan without certificates for those clients who do not work officially. We are talking about self-employed people, freelancers, and students. You just need to tell us about your activities and income.
Online microloan processing is fast and accessible. To receive money, you need no more than half an hour and a device with Internet access. The entire loan issuance procedure takes place remotely. Therefore, MFOs do not require many documents and certificates in order to make the process as simple and comfortable as possible for the borrower.
Please note that if you intend to obtain a long-term loan for a large amount, the lender may require proof of income. Or the loan terms will be unfavorable – a higher rate or a smaller amount.
Advantages
Self-employed people and those who work informally can apply for a microloan without an income certificate
When applying for a loan, you do not have to inform your employer about it
The loan is processed faster because it requires fewer documents
Flaws
The loan amount without proof of income may be lower and the interest rate may be higher.