Personal loans are generally granted only upon presentation of the required proof. However, some borrowers are unfortunately unable to present these documents, often due to circumstances beyond their control. Thankfully, it is still possible to obtain a personal loan without proof. Sometimes, it’s even possible without holding Belgian nationality!
The Possibility of Taking Out a Loan in Belgium
It is entirely possible to take out a personal loan without proof in Belgium. To do so, one must turn to banks specialized in this area. These institutions offer a range of products similar to those available from conventional banks.
The Different Loans That Can Be Taken Out Without Proof in Belgium
Before signing up for any credit in a country, it’s essential to thoroughly understand the field. The different laws and administrative formalities must indeed be mastered. The terms of granting and enjoying a loan are among the most important.
Here are a few types of personal loans without proof:
- The installment loan is a loan that doesn’t require any proof of how the borrowed money is used. In an installment loan, the interest rate, repayment period, and monthly payment amounts are known in advance. Thus, the borrower knows what to expect and can avoid getting involved in an ill-considered loan…
- The mortgage loan is the ideal support for investing in real estate in Belgium. It is similar to the French mortgage. If the borrower is uncertain about their repayment ability, it’s strongly advised to avoid this type of loan as seizure could occur.
- Credit consolidation is an operation much like the one practiced in France. It’s a perfect solution for those who wish to simplify their lives while avoiding potential over-indebtedness. This involves consolidating all credits and having them repurchased by a specific lender. This practice offers the possibility of lower monthly payments and longer repayment terms.
A Personal Loan Without Proof, What Is It?
This type of credit allows borrowing up to 100,000 euros. The borrower can use this amount as they see fit. It should be noted that this type of credit is typically very short-term…
How to Find the Best Offer
Finding a personal loan without proof is a relatively easy process. In fact, most banks in Belgium offer them today.
However, it is quite difficult to find a bank institution offering the best deal. The conditions of these offers are often very restrictive for the borrower. To make this search phase easier, it is advisable to use credit comparison tools.
Most of these tools are available for free online. Using them allows you to compare, sort existing offers, and present them to you. This comparison is made considering your personal criteria.
After this operation, the credit comparator will provide you with a list of the best offers. Note that these tools are mostly offered by finance-specialized websites.
How to Access a Personal Loan with or without Proof?
Sure, this type of credit is supposed to be accessible without any proof of use. However, note that some administrative documents will still be required. This includes your civil statuses and some documents that can justify your solvency.
To ensure your application is accepted, consider providing proof of your financial health. However, if you are in over-indebtedness or unemployed, know that some types of credits will suit your situation. Make your loan application.
How Does Such a Credit Work?
When talking about credit without proof, it mainly refers to proof of use. However, the proof in question may be proof of salary. The interest rate for this type of credit is generally very high, even exorbitant.
This is mainly due to lenders taking on very high risk here. However, there are some lenders who may offer these at very profitable conditions.
