There are a number of reasons you might be looking to take out a loan without a bank statement. Let’s face it, if your bank account is looking pretty empty or you haven’t had any regular deposits made in the past few months, this might not be something you are willing to share with potential lenders. You may even have had your account closed recently and are yet to open up a new one. Or perhaps you don’t even have a need for a bank account because you are paid in cash? Whatever your reason, can you get a loan without a bank statement?

While it won’t make it easy to take out a loan without a bank statement, it certainly isn’t impossible. So if you are wondering “Can I get a loan without a bank statement?” The short answer is yes. But let us dig deeper.

Taking out a loan

When you take out a loan you are entering into an agreement with a potential lender. It is at their discretion whether to offer you the loan. Your credit history is often factored into this decision. Why? Because it shows how reliable you are and if you have any problems with paying off debt.

Usually, the lender will weigh up your history with your current situation. They will take a look at your bank account and factor in any money you are earning. This will determine whether you are a good candidate for a loan. Bank accounts don’t just give an overview of your current financial situation, they also accurately mirror your finances. Therefore, giving a good impression of how you handle your money.

But this doesn’t mean they won’t consider you for certain loans without a bank statement. Rather, you may just end up paying more. If you are considered a risk, which is likely with no bank statement to back you, a lender is likely to charge you more interest to mitigate this risk.

What loans can I get without a bank statement?

Your options will generally fall into the category of short-term loans. After all, mortgages are unlikely to be possible without showing you are capable of paying them back! Payday loans and car loans, on the other hand, are an entirely different situation.

Payday loans

These are small, personal loans that often don’t require any bank statements. People often take out this type of loan in order to tide them over when an unexpected payment comes up. For example, if you get into an accident and need to pay medical bills, have car repairs, can’t meet your mortgage for the month, or something else, a payday loan can give you that helping hand to stay on top. These loans will still need some sort of proof that you are getting an income each month, but you have other options.

easy to get loans

Car loans

While this one might surprise you, it is in fact possible to take out a car loan without a bank statement. Dealers often don’t care what your proof income looks like, they just want to see that it is there.

Can I get a loan without a bank statement?

As you can see, the simple answer is yes, but you do have to be prepared to pay more in the long run. Having a bank statement is a great way to keep your interest rates lower and ensure you don’t pay as much in the long run.

Of course, this isn’t always an option for people and there are ways around it. Take a look at the different loans outlined above and consider which one might work for you and your situation.


If you are looking to take out a loan, find the right lender and simply ask. Here’s the process involved.

  1. Pull together all the right documents that show your proof of income (without needing a bank account). Bank statements also help to confirm your identity, so you will need to produce another document to show this.
  2. Fill out an application with your chosen lender.
  3. Wait to hear if you were accepted.

It can often help to do your research and look into lenders who are more likely to offer loans with the need for a bank statement. This can save you a lot of time and hassle in the application process.


Getting your next loan

If you need a helping hand with your financial situation, the team at Bad Credit Loans can help you out. We do not always require you to provide a bank statement. We will help you find the right loan to suit your needs. Get in contact with our team today.

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