You want to buy a vehicle and want to take advantage of your credit to cope with additional expenses? However, a conventional car credit can only be allocated to the price of the vehicle. One solution exists however: the car loan without proof or personal loan. Explanations.
The auto loan without proof is possible
When you apply for a credit from your banker to buy a car, it will logically lead you to a car loan. A so-called affected loan that will focus exclusively on this vehicle. Only, for example, you may need additional funds whether for insurance, to change tires or make improvements. You could also take advantage of the process to grant you a vacation budget or additional work. In this case, direction the personal loan. This car loan without proof can be subscribed for a duration of 7 years maximum and the amount can reach 75 000 €.
Advantages and disadvantages of auto credit without proof
With a car loan without proof, you will be free to use the funds as you wish. You will have no obligation to purchase and will allocate the unlocked capital according to your desires and opportunities. In addition, you will not have to provide any proof of the vehicle purchased or any other purchases you may make. This loan is therefore simpler, more discreet and often faster. It nevertheless has a negative aspect. If you take out a personal loan and order a car that is not delivered, you can not cancel the credit. A possibility that remains with an auto credit affected.
Get a car loan without proof
A car loan without proof does not mean that you will not have any documents to provide regarding your employment situation. Lender organizations are in fact obliged to check your identity, your resources and your creditworthiness before granting you a car loan without proof. Regardless of the destination of the unblocked funds, you will have to build a file composed of the following documents:
– proof of identity: identity card or passport
– Proof of address: gas, electricity or water bill
– proof of income: last 3 payslips, tax notice
– Bank statements
– amortization table for loans in progress