The economic crisis, accompanied by high unemployment and reduced wages, has put families in difficulty and more and more frequently they are struggling to meet primary needs, in fact, a little unexpected is enough to make it impossible to do it alone. In this case the best solution can be a loan, but there are limits for those who do not have adequate guarantees to support. If you want to get a loan, in the bank they ask you, even for small amounts, to demonstrate a perceived income and therefore the paycheck, but there are many cases in which you do not have a paycheck available, this does not mean that you and the inability to pay small monthly installments to pay off your debt. For those in this situation, loans without online paychecks were born which obviously have peculiarities because the bank must still take precautions.
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Who Can Apply For Loans Without Payroll Online
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Loans without online guarantees can be requested to meet different needs, often they are required to pay back taxes or to face unexpected expenses, there is no lack of cases in which they are requested by housewives or students who are perhaps busy with evening chores or reps, but cannot demonstrate the income received. For this type of credit, usually high sums are not paid, on average the sums are below 5000 euros, some institutions reach a maximum of 1500 euros, while rarely up to 10,000 euros. At the same time, the bank or the credit institution are still looking for guarantees and among these main figures are the guarantor, or the presence of a property or other assets that can be offered as collateral.
Guarantees Loans Without Payroll
The guarantor is a very important figure because he is usually asked for a paycheck, it is a person who undertakes to pay in the event that the main debtor should be insolvent. The guarantor can be a parent, a child, any relative or friend.
As for the other guarantees that can be provided, the case history is quite varied. For example, if you own a property, even of little value, but rented out, you can use the annuity of that property to obtain a loan without a paycheck.
Another guarantee that can be offered is represented by debt securities that generate a financial annuity. This option is opted for when it can be inconvenient to settle debt securities and therefore to face temporary difficulties it is possible to offer them as collateral.
Amounts and Types of Loans Without Guarantees
Obviously the amounts that are granted by banks and credit institutions in general are commensurate with the value of the guarantees offered, the same applies to the amortization plan.
Loans without online paychecks are often required by self-employed workers who cannot demonstrate adequate income or occasional, precarious, atypical workers with reduced resources.
Beware of Interest Rates online loans without paychecks
Whatever the formula adopted for a loan without paycheck, the interest rates are usually very high, even if the same by law cannot reach the threshold of usury. The high interest rate is commensurate with the risk of insolvency that the creditor faces when granting a loan with limited guarantees.
These are the credit possibilities for those who do not have a paycheck, but need to have small amounts on loan.