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The terms of a payday loan are not impracticable as it is one of the easiest types of loan available. Is it possible without an employer’s certificate? Explained!

Higher loan is possible

Higher loan is possible

A payday loan is a freelance credit facility, meaning it can be used for any purpose. It has a flexible maturity, usually 12 to 96 months, and can be claimed without real estate collateral and guarantor involvement, but with the involvement of a debtor, a higher loan amount is usually possible.

To apply, you need to meet a few basic requirements: permanent, registered residence in Hungary, valid IDs, and you can only apply for a payday loan over the age of 18, and in some banks this age limit is even higher. In addition, various documents are required. The salary for the last three months must be evidenced by a bank statement or employer’s certificate, and a retired borrower must have a pension record, a decision, and a three-month pension certificate or bank statement. It is therefore clear that applying for a payday loan is not possible without an employer’s certificate.

Borrow a payday loan

Borrow a payday loan

But what can someone who wants to take out a payday loan without an employer’s certificate do? Well, practically not much other than giving up credit. However, there is one opportunity we should mention, which is the debtor. If you can convince one of your relatives or your spouse to take out a payday loan with you, their employer certification will be perfectly enough for a positive credit assessment. Thus, without the employer’s certification, only the involvement of the debtor can help with this problem.

If you want to borrow a payday loan, make sure you compare the best deals from the banks first to find the one that suits you best! You can easily do this on our site, and if you have any questions or advice, please do not hesitate to contact us at one of our contact details!

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