In spite of all this, there are many consumers who like to throw away the statements or lose them in the chaos of the many other papers. Or else, you have a direct bank and are therefore not able to pull the bank statements directly from the machine. However, many direct banks only send these to account holders every few months, so there may be a gap between the application for the loan and the latest bank statements.
By the way: A copy of the account movements that can be seen in online banking is not counted as an account statement. Only the statements that the bank creates are considered a bank statement and are accepted as evidence. The printout from online banking can be manipulated too easily and is therefore not accepted.
Who does not ask for bank statements
If you absolutely need a loan without bank statements, it can sometimes be a little difficult to find a credit institution that completely does without the statements. However, there are also contact points that easily grant you a loan without bank statements.
Your house bank is one of these points of contact. You do not have to prove your income and expenses to them, as the house bank only has to look into your account transactions. A cumbersome search and gathering of the bank statements is therefore not necessary for a loan without bank statements via the house bank.
And in most cases, a consumer loan is also possible as a loan without bank statements. It is requested directly from a dealer who is rarely interested in your account movements. Rather, it is important to him that you generate income and have a good Credit Bureau. If proof of income is required, which is rare, you can also provide it with the help of work certificates or other documents. The bank statements are not necessary.
With a little luck, you can also get a foreign loan without bank statements. With such a loan it must always be possible to prove that a regular and fixed income is being drawn. But this can also be achieved with the help of income certificates and the employment contract, which documents all relevant data relating to the employment relationship.
On the other hand, you will not find a bank or a savings bank that approves a loan without bank statements if you work on an independent or freelance basis. The bank statements must always be available here in order to be able to show exactly what capital is in the company and whether it is on solid footing. If you are self-employed or a freelancer, you should always have all bank statements ready so as not to reduce the already bad chances of getting a loan.
The advantages of a loan without bank statements
Even if there are not so many ways to take out a loan without bank statements, this type of borrowing still offers various advantages. Perhaps these will eventually be recognized across the board and you will no longer have to provide bank statements for other loans.
The main benefits that you, as a borrower, derive from the fact that the bank cannot get a comprehensive overview of your financial interests. Return debits are therefore no more relevant for a credit decision than installment payments for the credit card or other installment payment agreements that are not noted in the Credit Bureau. Often these are agreements that have been concluded, for example, with the health insurance company, the energy supplier or other suppliers after a high additional payment has fluttered into the house. Such agreements are not stored in the Credit Bureau and therefore only leave their mark on the bank statements.
But the bank also benefits from a loan without bank statements. She has to look through fewer documents and can complete borrowing faster. The bank therefore benefits on a large scale, especially with instant loans.