Get a loan in Germany in many different ways

Whether directly at a local bank or directly via the Internet – the possibilities are good and should appeal to every borrower with their very special wishes and ideas.

But getting a loan without a payslip can make things a little more difficult. After all, the payslip serves as proof of monthly income. What paths you have to take to benefit from a loan without a payslip should be explained here.

The Trust Bank can help

The Trust Bank can help

Not all German banks refuse to grant a loan without a pay slip. After all, there are other ways to prove income. If you have a permanent employment relationship and have had this for some time, the bank can also query this data directly from the employer. At the borrower’s request, the payroll office must provide information on how high the income is.

If the bank can obtain this information in this way, it will dispense with an additional pay slip. Account statements can also help in this context, since they also show the receipt and amount of income. If you want to improve your creditworthiness as a borrower, it is worthwhile to state additional assets when you apply for the loan.

Perhaps there are properties or other valuables that are in the possession of the applicant and can be used as security. The bank will review this information and incorporate it into its credit decision.

Other options for a loan without a payslip

Other options for a loan without a payslip

Also on the Internet you can always find providers who grant a loan even when there is no pay slip. If the lack of a wage slip is not due to the fact that the consumer is unemployed, the same conditions apply as for other banks. The bank can obtain information on the amount of income from the employer.

On the other hand, if there is no employer and the consumer is unemployed, it will be difficult to get a serious loan. In any case, it should be carefully considered whether a loan is the right step. After all, it has to be paid somehow. And it will be very difficult without work.