Personal Loan Without Supporting Document: How To Get Such Financing

Whether you want to buy a house, do some work or finance your children’s school, it can be hard to justify what you want to do with the money of a loan. We have good news for you: it is possible to subscribe to a personal loan without proof.

How does it work and how to subscribe? In this article, we answer all the questions that you ask around this very advantageous loan.

A personal loan without proof: what is it?

A personal loan without proof: what is it?

A personal loan without proof is a consumer credit granted by a lender to a person without the latter having to justify what he plans to do with the money.

Of course, as with any other loan, the applicant will have to repay the loan with previously fixed interest rates.

Unlike personal loans without a credit check, some organizations may want to make sure you have a good credit history before making a loan.

Similarly, do not confuse a loan without documents to provide with a loan without proof of income. The latter is more rare since banks and lenders often want to know your income before lending you money.

Subscribe to this type of credit: is it a good idea?

Subscribe to this type of credit: is it a good idea?

As with any type of loan, unsupported credit has its own advantages and disadvantages.


There are several advantages to this type of loan:

  • Confidentiality and freedom of use
  • Respect for privacy
  • No obligation to purchase
  • Flexibility
  • The rapidity

This last advantage is explained by the fact that you do not need to justify what you do with borrowed money, there is less formalities to complete and obtaining the loan is often faster. Getting an urgent money loan through this type of loan is therefore a good option.

The inconvenients

The solutions for applying for a loan are numerous. In the context of a personal loan without proof, it is not uncommon for only private lenders to be able to offer you this type of loan.

Moreover, some credit institutions are even reluctant.

In addition, since the financing is not linked to the purchase of a good or service, if you do not obtain the latter or if it does not meet your expectations, you will not be able to not cancel the credit and you will be forced to repay it.

Are there conditions to fulfill?

Are there conditions to fulfill?

To obtain a personal loan without proof, certain conditions are sometimes required:

  • You must prove that you have a steady job and regular income.
  • Your credit report can be reviewed since the lender will look for your credit worthiness. So, a good credit rating is an undeniable advantage. Reimburse your old loans, do not have overdrafts and do not make oversized purchases.
  • You have no problem with the Canada Revenue Agency or your province.

Now that you know all the subtleties of this particular loan, you can consider the pros and cons to find out if you want to subscribe.

As with any other loan, take the time to think before applying!

About Wesley V. Finley

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