Loans without paychecks are intended for those who do not have a fixed salary. However, this does not mean presenting yourself in the bank without any kind of alternative guarantee. The personal loan without paycheck regards small amounts (5 thousand euro maximum): banks tend not to expose themselves too much when a regular salary is lacking.
Getting a loan without guarantees is impossible. What to do, then? If the paycheck is missing, it is necessary to provide alternative guarantees. The argument also applies to bad payers and protestors. The higher the risk of obtaining a repayment, the greater the caution of the banks to grant the requested amount.
Loans without paychecks: who do they turn to?
Loans without paychecks are aimed at various categories: housewives, unemployed, students, non-regular workers, self-employed workers, young entrepreneurs, workers with a paycheck already engaged by other loans that commit between 35 and 50 percent of the salary.
Loans without paychecks: requests from banks
If the paycheck is missing as a guarantee to apply for a loan, then you will need to find alternative guarantees that give the certainty to the bank to repay the debt.
Loans without a paycheck with guarantor
A guarantor is the person who undertakes to repay installments when the principal debtor is no longer able to do so. This subject, provided it is considered credible, must have a good credit rating. Furthermore, it must not have been reported to the Crif as a bad payer. The presence of a guarantor does not oblige the bank to provide the loan.
Loans without payroll changed
In the absence of a guarantee, a loan without a pay slip can be granted. This form of financing provides for the payment of installments by means of bills. This is an enforceable title that establishes, in the event of non-payment of even one installment, the attachment of assets by the bank for a value equal to that of the unpaid installment . It is not necessary to pursue a sentence or an injunction for payment. Modified loans are not easily granted by banks and financial institutions. They are also often considered uneconomic for the very high annual rate (Taeg) for interest.
Loans without a paycheck and with a mortgage on the house
Also for loans, as for mortgages, it is possible to ask for a mortgage to be registered on the house . This is a solution that is adopted in the absence of a demonstrable income. The mortgage on a property apartment allows you to get the financing you need. Usually this form of loan is requested in the case of an amount of a certain amount. If you are over 65, you can get a lifetime mortgage loan . What does it mean? You can turn your property home into liquidity. On the death of the applicant the heirs will be able to choose whether to settle the debt and keep the apartment or whether to sell it to return the sum paid to the bank.
Loans without paychecks with pledges as collateral
Those who possess valuable assets, jewels and valuables can use them as collateral for the loan without a paycheck. Paid credit is the best solution for those who do not have an income but urgently need money.
Loans without paychecks for self-employed workers
A self-employed worker, therefore without a paycheck, can still contact a bank to obtain a loan . The bank or financial institution may grant the requested amount on the basis of the declaration of the Single Model (ordinary income tax return). If you are able to show you have regular income, in the absence of a paycheck, the bank will have no problems accepting the request for funding.
Loans without paychecks and alternative annuities
Those who do not hold a paycheck but are entitled to a pension, have good chances to obtain liquidity. Let’s take the example of an unemployed and divorced woman who receives a monthly maintenance allowance from her ex-husband. It is also the case of those who rent a house owned by third parties or those who have a constant return thanks to a capital but prefer to apply for a loan instead of releasing it.
In the event of an annuity, the bank agrees to pay a loan without a paycheck if the applicant proves to be the holder of the annuity for the entire period of the loan.
Loans without paychecks: interest rates
Personal loans without paychecks are not considered convenient because the greater the risk of the bank, the higher the rate of financing. However, this is a solution adopted in case of need. Usually these types of loans have high interest rates with a Taeg of 12%.
Always look at the interest rates of loans without paychecks when they are higher than the rate of wear established by Bankitalia. When applying for funding without a paycheck you must always check on the official website.
Personal loans without paychecks: who to contact?
For loans without paychecks, you must contact the banks and financial institutions that can show us a wide range of products that vary depending on the alternative guarantees, the category of membership of the applicant. Personal loans without paychecks are risky for banks if the applicant does not have a good credit rating. In fact, this is an unloved option that requires much stricter criteria for the granting of funding. In the past the granting of credit to those who did not have the right requisites caused inconveniences and consequences in the economic field.
Loans without paychecks: tips
Those looking for a loan without a paycheck are almost certainly facing a difficult period. In these cases, however, the need for credit can make us fall into error. It is important to be careful to avoid scams.
Loans are posted on the internet without paychecks and without guarantees. Important figures are also promised often. In some cases, however, these are real scams aimed only at stealing personal data. It is therefore the case to visit the official websites of the banks or to go to the nearest office closely.