Loans without paychecks: what are they?
Loans without paychecks are financial instruments used to respond to the economic needs of those individuals without guarantees that can request an ordinary bank loan.
The disbursement of these loans is mainly aimed at categories of people such as young people, students, self-employed workers and even unemployed. However, the loan can also be extended to other parties and, in particular, also to those who have already committed their paychecks for another loan.
To date there are many types of loans without paychecks provided by different institutions. In case you are interested in knowing more about loans without paychecks and especially how to get them and which are the best, here are some interesting indications to carefully choose the perfect financing for you:
What are the characteristics of a loan without a paycheck?
As we have said, a loan without a paycheck consists of the disbursement of a sum of money to a person who does not have a paycheck in order to fulfill the payment.
In fact, since there is no such guarantee, the creditor institution requires other forms of insurance in order to grant the much-desired loan.
The goods or guarantees required vary greatly depending on the type of loan without paycheck disbursed which, as already mentioned, changes according to the category to which the applicant belongs.
In general, the maximum amount granted never reaches too high figures given the very nature of the loan. Finally, it is good to remember that given the lack of direct guarantees, the interest rates applied are often much higher than the norm.
Precisely for this reason we invite you to pay particular attention to the rates and interests applied before proceeding with any contract or loan request.
Loans without paychecks for young people, housewives, unemployed
Loans without paychecks often contribute to financially support those categories of the most disadvantaged or otherwise who cannot offer a pay as guarantee.
The main categories to which this type of service is aimed are mainly young people, both students and self-employed workers, housewives, unemployed and retired people. The characteristics of the loans vary according to the applicant and respond to specific needs.
For example, loans without paychecks for young workers allow obtaining a loan, the repayment date of which can be postponed until the young person’s studies are completed.
In a nutshell, this allows those who benefit from it to complete their studies and to pay only once they have reached the work target established by the student. This type of approach can also provide as a guarantee the salary of a parent or, much more rarely, the attachment of furniture or goods equivalent to the established amount.
In the case of domestic workers, loans without paychecks often require guarantees similar to those for young workers, giving the applicant the opportunity to commit the paycheck of their parents or goods of similar or greater value. The repayment policies here change significantly and vary depending on the pre-established amount for the loan.
For unemployed and retired people of all ages there are loans without personalized paychecks with very different interest rates which are very different from each other, each designed to meet different credit needs.
How to get a loan without a paycheck
To obtain a loan without a paycheck, it is essential to have other forms of guarantee in order to avoid the possibility of default of payment.
Depending on your category, as indicated above, you will be asked for some specific guarantees that will compensate for the lack of paychecks for the reference banking institution.
Before proceeding with the submission of the request, we advise you to evaluate, both online and in person, all the possible options in order to choose the offer that best suits your needs. Once you have chosen the option, make sure you have the necessary requirements and guarantees for the loan to be disbursed.
In the event that there were previous reports regarding unpaid loans, it may be very difficult for you to obtain another loan, as for the bank you may represent an unreliable subject. This could be a big obstacle between you and your coveted loan, so make sure you have all the features before you can avoid unpleasant situations.
Once you are sure that you can be a potential customer, you can finally submit your request for funding on the online site of the institution chosen by you or by going directly to the nearest office. Once again we invite you to pay attention to the too high interest rates which often represent one of the major scams in the field of loans without paychecks.
What are the best loans without paychecks?
In Italy there are excellent banking institutions that provide personalized loans and financing according to the needs of the applicant. The institutes with the best offers updated to 2018 are:
- Onecredit, whose offer of loans without paycheck responds in particular to the needs of self-employed workers, pensioners, freelancers or in any case of all those who do not have a fixed monthly income that can be offered as a guarantee. Even for the unemployed there are interesting offers that do not require any type of paycheck but the signature or the presence of a guarantor.
- Astro Finance, which for years now has been at the forefront of the world of loans without paychecks for young people and workers without a fixed salary. Generally all loans are characterized by fixed and reduced interest rates, especially when compared to those of other credit institutions.
- Lite lender offers every year the possibility of obtaining loans without a paycheck with very low interest rates. The main offers do not actually require any type of guarantee or guarantor and, precisely for this reason, the maximum amount of the figures disbursed never exceeds not tot. This type of financing meets the needs of those who do not need large amounts of money and do not have many guarantees.
- Capital lender is one of the best banks to rely on especially in the case of young students. For the needs of young people throughout the territory, the banking group has created tariff plans without additional costs and above all with low and fixed interest rates. Perfect for those who have to take an expensive course of study, the institution’s offer seeks to meet the needs of young students by supporting them in their professional career.
As always we remind you that each offer is designed to meet specific needs and that before proceeding it is strictly advisable to compare all the offers and meditate well before signing any contract.