The reasons for taking a loan can be very diverse. A credit for financing a car is especially welcome. If you can fulfill all the requirements, you will hardly get any problems with the recording.
If one can not meet a requirement, one must see how the “blemish” can be compensated skillfully, so that despite all this a loan can be given by the bank.
Such a problem can arise among others when looking for a car loan with no salary. In such a case, one must clarify why the salary certificate is missing and whether this can possibly be provided by other means.
The car loan without salary statement with bank statement
If the salary is lacking for quite trivial reasons such as loss, then there will hardly be a bank that does not allow the proof of account statements. It really does not matter to the banks whether they provide detailed proof in the form of a salary statement or simply show their net income by bank statement. For the bank, only the amount of income counts. And this height can be detected in different ways.
However, it may happen that the bank also wants an employment contract to additionally check the employer. This can be found in the account statement only conditionally. But this should not be a problem if you have your documents complete.
The car loan with no salary due to unemployment
If a car loan with no salary for unemployment is sought, then this will be quite difficult. Because without a solid work, the banks will not give credit. Here you can only compensate for the lack of employment with the help of a co-applicant. However, the co-applicant must then be able to prove a very high income, as it must suffice for both applicants. In addition, he must have a good private credit.
Since a car loan is taken as a pledge and the bank keeps the vehicle letter until the car is fully paid, you do not have to strive for more great collateral. Only a residual debt insurance should be offered, if desired by the bank.
Conclusion
Even a car loan without salary can be possible. You just have to know how to mend the flaw of the missing salary statement. Whether bank statement or co-applicant: It is important that you tell the bank from the outset open that the salary certificate is missing. In addition, one should disclose the reasons for the absence and look with the bank for the right way for the borrowing. Then everything is definitely possible and borrowing for the purchase of a new car is nothing in the way.
