It seems impossible, but still it is possible. Borrow money without income. The advantage is also that borrowing money without income is possible in several ways. Borrowing money without income, by the way, continues to borrow money. You must repay the borrowed money in full at all times. If you have no income, this can of course be a huge tax. Also take this into account before you borrow money. We do not, of course, want to come across as learning. But certainly also do not want you to get into further trouble with a loan. To help you in the search for borrowing money without income, we will at least indicate where you can borrow money without income. We also go deeper into borrowing money directly without income.
Where can you still borrow money without income?
You can borrow money without income in two ways. The first party is borrowing money from private individuals. For private individuals, there is no assessment at the BKR. And no income test is done. After all, they are not professional lenders.
If you think that borrowing money from private individuals is a good option to make borrowing money without income possible. Then we recommend that you at least make good agreements about the repayment terms. Naturally, it is extremely important to comply with these agreements.
The second option is actually only possible if you want to invest with the loan amount. You could then borrow money without income if there is sufficient confidence in your project. An investor can then expect him to get his money back if your established project generates enough money. In both cases, it is not only borrowing money without income, but also borrowing money without a BKR assessment. And with private individuals it can even borrow money within 10 minutes without BKR verification.
Risks with borrowing money without income
The main risk when borrowing money without income is of course the risk that you will no longer be able to repay the loan. This is a real risk. Because you have no income to repay the loan. If you are going to borrow money from private individuals, it is important to contact us in time if you know that the repayment will not work out for a while. Of course it is always difficult to indicate that you cannot meet your obligation. Timely reporting ensures that you are in any case managing the expectations. If you do not do this, the shock on the person who lends you the money will only be greater, with all the associated negative consequences. The lender is more likely to put the heels in the sand.