Monthly Archives: March 2019

How to Get Small Loans Without Payroll Online

Small loans without payroll

Small loans without payroll

The growth of small loans without payroll reflects the economic difficulties of many citizens and traditional banking institutions. On the one hand, in fact, the last decade has seen an increase in the number of people who have to apply for funding without being able to present adequate guarantees. On the other hand, banks and other financial institutions have further tightened their own criteria by which they establish who is worthy of receiving credit, making the possibilities of many unemployed or casual workers even more complicated. For this reason many companies have been created that offer loans from the non-excessive entity (usually up to 5,000 euros) without requiring too heavy guarantees: many of these institutions operate online.

However, these institutions require some form of guarantee, although it is lower than those that the more consolidated banks expect. A bank, before granting a loan, will request a series of documents attesting to the personal and economic situation of the applicant, in order to assess the level of risk for the bank itself. The financial situation is assessed through the presentation of the latest pay slips, to show that you have a constant cash flow, and the tax return or the unique model / 730. If a person cannot present a recent paycheck, they will hardly have access to credit.

One of the first alternative possibilities is to mortgage a property. This could convince the financial institution to grant the loan, knowing that, in the event of insolvency (that is, if the debtor fails to repay the amount received), he could always retaliate against the property through the mortgage. Obviously, this guarantee is only possible if another mortgage does not already apply to that house, for example if you have used a mortgage to buy it. A similar solution, but of lesser magnitude, is to commit a valuable asset.

Another possibility is the presentation of a guarantor : in this case, the contract that establishes the loan is also signed by a second person, who undertakes to intervene with his own assets, if the first signatory is not in a position to repay the loan.

Finally, small loans without pay checks are often also designed directly for unemployed young people, who cannot present the conditions required for a normal loan. In their case, not only should funding be available, but facilities could also be provided, in the form of more advantageous rates.

Different Needs, Different Loans

The car pawn can be used for a variety of purposes, from financing a new business, to buying an engagement ring for your girlfriend.

But with all the different types of loans that exist out there, which one is the best? In this article, we will show you through a list some of the most popular types of loans, as well as their characteristics and their usefulness to meet the financial needs of consumers.

We’re also going to talk about the option to pawn your car when it comes to getting fast money.

Personal loans

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These loans are offered by most banks and the product can be used for virtually any expense (from the purchase of a new stereo system to the payment of a common invoice). Generally, personal loans are not guaranteed and vary from a few hundred to a few thousand euros.

As a general rule, lenders typically require some form of income verification or proof of other assets of value at least as much as the individual is borrowing. The request for this type of loan is usually only one or two pages in length (Approvals or rejections) and is usually granted within a few days. The disadvantage is, that the interest rates on these loans can be very high.

The other drawback is that sometimes these loans must be returned within two years, so it is impractical for people looking to finance large projects. In general, short personal loans (despite their high interest rates) are probably the best way forward for people looking to borrow small amounts of money and who are able to repay the loan within a couple of years.

Credit cards

When consumers use credit cards, which are essentially to take a loan with the understanding that it will be paid at a later date. Credit cards are a particularly attractive source of funds for people (and businesses), since they have been accepted by many merchants as a form of payment.

In addition, to obtain a card, all that is required is a request for a page. The credit review process is also quite fast. Written applications are normally approved (or denied) within a week or two. Online loans are often reviewed in a matter of minutes.

Also in terms of its use, credit cards are extremely flexible. The money can be used for practically anything these days, from the payment of college tuition to the purchase of a drink at the local bar. There are definitely traps, however. The interest rates that most credit card companies charge reach up to 20% per year. In addition, the consumer is more likely to accumulate a credit card debt (unlike other loans) because they are widely accepted as a bargaining chip and because it is psychologically easier to give someone a credit card than to deliver it to them. amount of cash.

The loans with mortgage guarantee

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Homeowners can borrow against the value they have accumulated in their home using a home equity loan. In other words, the homeowner is carrying out a loan against the value of his house.  A good method to determine the amount of capital in the property available for a loan would be to take the difference between the market value of the home and the amount remaining in the mortgage.

Loan funds can be used for any number of reasons, but they are usually used to build home expansions, or for debt consolidation. The interest rates on home equity loans are very reasonable. In addition, the terms of these loans usually range between 15 and 20 years, which makes them particularly attractive to those who seek to borrow large amounts of money.

But, perhaps the most attractive feature of the home-equity loan is that the interest is usually tax deductible. The downside of these loans is that home equity loans are particularly dangerous in situations where only one family member is the breadwinner and the family’s ability to repay the loan could be hampered by the death or disability of that family. person.

Even a 1% increase in interest rates could mean the difference between losing and keeping your home if you rely too much on this type of loan. But if none of these tips is what you’re looking for, you can try to pawn your car.

It is clear that they will not give you as much money as they would give you in a bank for a loan, but when you pledge your car the money they give you will be immediate.

If you follow the guidelines and pay monthly and religiously, you will not have any problem getting your car back.

Personal Loan: Documents to Apply for Funding

Documents to obtain a loan

The request for a personal loan presupposes the simultaneous presentation of a specific documentation. Let’s find out what it is.

The documents to obtain a personal loan can change according to the type of product desired. They also change on the basis of the particular eligibility parameters adopted by the specific credit institution or financial institution to which it is addressed. However, there are some essential documents required by all banks and financial institutions that we can analyze together.

Necessary documents

Documents to obtain a loan

When requesting a loan, in order to comply with anti-money laundering regulations, it is essential to present your personal documents. That is the tax code and the valid identity card (or driving license). Additional documents to obtain a loan are the income certificates: the employees have the obligation to present to the financial institution the last paycheck and possibly the CUD, the autonomous the tax return, while the pensioners their own slip.

All those interested in obtaining a loan must also present a copy of any other existing loans. The customer must then proceed with the signing of the privacy notice given to him by the funding body. Finally it must deliver copies of the latest bills, regularly paid, of electricity, gas and telephone utilities.

Documents necessary for the transfer of the fifth

Let us now consider the documents in order to be able to obtain a loan with a salary-backed loan, a particular type of loan intended for employees with regular permanent contracts and retirees which provides for the withholding of a share equal to one fifth of the total monthly income, or a proxy loan.

In these two cases, applicants must present their personal documents (identity card or driving license and tax code); income certificates (pay slips and CUD in the case of employees, the slip, the CUD and the Obis M in the case of pensioners); the Declaration of the transferable quota and the Certificate of salary on the model delivered by the funding body, from which the data concerning the recruitment (seniority, monthly pay amount, severance pay,…) can be observed; and, finally, the approval issued by the employer.

Finally, the documents to be granted a finalized loan, relative to the acquisition of a good or a service, are the following: identity document, fiscal code and a document that certifies the income received; in addition, the customer must submit a desired cost estimate to the financial institution.

5 things to know about payday loan

The payday loan is a flexible loan, because it is a loan that allows you to use the sums required to realize your dreams and projects, with a wide possibility to customize payment and duration.

To find out if the payday loan is the type of financing you are looking for, here are 5 things to know before going to the bank or to the financial intermediary to request it.

  1. Age: not under 18, not above 70

The payday loan applicant must be between 18 and 70 years of age at the time the loan application is made.

  1. If to request it is a foreigner

The foreigner must be resident in Italy for at least one year and must be able to produce a valid residence permit.

  1. The sum immediately at your disposal

The most obvious characteristics that distinguish the payday loan from a loan aimed at:

  • The usage constraint – The sum of a finalized loan is not available to the applicant for uses other than those for which it was requested. In the payday loan there is no such constraint, nor the obligation to declare the use of the sum requested.
  • Payment – In the payday loan the sum disbursed by the bank is immediately put at the customer’s disposal. In the finalized loan the sum is paid directly to the retailer whose goods or services are financed.
  1. The limits of payday loans: how much can you ask? How long can it last?

The amount of the payday loan can amount to a minimum of € 2,000 and reach up to € 60,000. The repayment term can range from a minimum of 12 months to a maximum of 120 months.

  1. Payday loan without guarantees: is it possible?

    payday loan without guarantees: is it possible?

The granting of a payday loan is subject to the demonstration of the ability to repay, through the presentation of a certificate of income (salary, pension or income tax return). If this is not possible, the loan can be assessed on the basis of the presentation of the personal guarantee of a third party who must undertake to repay the debt in case of default of the applicant.