Loans without paycheck 2017: what they are and how to get them
How to get a loan without demonstrable income? Online loans without demonstrable income represent a type of financing that allows you to obtain capital for the expense of expenses without providing specific guarantees. In particular, it is possible to use a credit line without having an income, that is, a paycheck.
However, we should not think that this type of unsecured personal loan corresponds to a loan without a paycheck. There are several relevant differences. The loan without any demonstrable income requires the disbursement of cash capital even to persons who have no demonstrable forms of income or income.
Loans without paychecks, on the other hand, concern the disbursement of a sum of money designed for subjects who enjoy a salary, a fixed income, but who do not have the possibility of having a document that can certify this salary.
By “without paycheck” we mean that the applicant has a salary but it is not possible to certify it. To obtain this type of loan it is sufficient to have a limited amount of constant money, credited to the current account as consideration for a part-time job, another job, a lease.
What are the requirements for the loan without paycheck? To obtain a personal loan without a paycheck you will need:
- more or less regular payments into the current account;
- a joint account holder with a stable employment contract or paycheck;
- real estate on which to take out a mortgage;
- a rent which constitutes a fixed income for the borrower;
- guarantor or guarantor.
Who are they for?
When it comes to loans without paychecks, it is necessary to clarify that it is not about loans dedicated only to those who do not have a job (such as housewives and students) but also to self-employed workers and freelancers.
In other words, all those who despite not having a paycheck can claim a guarantee.
This guarantee can be constituted, for example, by the signature of a guarantor in the event that a housewife applies for the loan. For freelancers and self-employed, on the other hand, it is sufficient to present the Single Model, which certifies the presence of a work income.
Loans for unemployed 2017: the best solutions
When it comes to online loans without demonstrable income, the category of loans for unemployed must also be considered. Products dedicated to those who don’t have a job.
These loans are much more difficult to obtain than the other categories of loans which are part of the online loans without demonstrable income. Unemployed loans can be obtained from the unemployed either by applying for a lien or through loans with bills. Loans granted against a mortgage on a property owned are rarer.
Loans with bills
The loan loan is a particular type of loan characterized by the presence of bills that correspond to the monthly installments to be paid. A solution thanks to which banks and financial institutions protect themselves in the event of non-payment by the borrower.
This is because the bill of exchange is an executive title and constitutes a means of credit through which future credit is granted. In order for the promissory note to be valid, it must be signed and must be in compliance with the stamp duty from the moment of its issue.
The interest rate is fixed and in principle higher than that applied to traditional personal loans. The repayment plan is in monthly installments (normally of a constant amount) and can extend for a maximum of 120 months. The requested sum is granted in a very short time, it is usually possible to obtain financing within 24– 48 hours.
In the event of non-payment, the bill of exchange allows the procedure of expropriation of the debtor’s assets to be advanced directly, thus reducing the time necessary for the bank to repay the capital granted. As regards the reference legislation for online loans without demonstrable income with bills of exchange, payment with bills is governed by RD no. 1669 of December 14, 1933.
Credit with pledge
Those who cannot claim demonstrable income but are in possession of valuable assets finally have the opportunity to use lien loans. Also in this case the requested sum is granted in a very short time, sometimes even immediately.
The disbursable amount of online loans without demonstrable collateral is defined on the basis of the market value of the asset presented as a credit guarantee, which is in fact valued. As for loans with bills of exchange, the rate is fixed but costs are much higher than those which should be paid for a personal loan.