Do I need proof of income to get a personal loan Illinois

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

    Do I need an income certificate to get a personal loan?

    Many people do not know what a personal loan is. A personal loan is the same as a consumer loan, that is, an unsecured loan that can be used for anything.

         Unlike, for example, mortgage loans and car loans, where the bank mortgages a house or a car, a personal loan is a loan for which no form of security is required. That way, you can also use the money for anything, whether you need a repair or just need some extra freedom of movement.