Would you like to apply for a loan changed? Do you want to know how they work? Let’s find out what it is, what its characteristics are, the requirements for obtaining it, the advantages, the disadvantages and how to request it.
Loans exchanged are non-finalized loans therefore it is not necessary to justify the end of the request for liquidity. Usually this type of loan is disbursed in a very short time, the repayment takes place on a monthly basis through bills of exchange (this is the reason why they are called exchanged loans).
Bills of exchange, to which a stamp is imposed, are issued in the form of ‘drafts’ or ‘promissory notes’ and must be completed in each field, signed and the support bank must also be indicated. The rate that is applied is a fixed rate for the entire duration therefore the installments are constant.
Accessing the promised loan is rather simple compared to a classic personal loan granted by the bank, this is because the promissory note that was signed by the debtor, constitutes a credit instrument that allows you to return more easily and quickly to possess the value lent.
The person who has granted the loan has the opportunity to proceed immediately with the attachment of the debtor’s assets, who in this way will be protested.
Financial companies, private individuals (loans to bills of exchange from individuals) and even banks can disburse the loans, even if the bank is very difficult to do so, it is a very unusual possibility.
The payable value can vary, usually ranging from 2,500 to 50,000 USD, as regards the duration of the loan, it can last up to a maximum of 10 years.
Who they are for: the requirements
Loans changed are a form of loan that everyone can access. Usually those who have difficulties for various reasons, to access personal loans through a bank or financial institution, use this channel.
To have access to the loan, it is necessary to guarantee the copy of the severance indemnity ( severance indemnity ) in the case of employees. If the TFR is not available, the signature of a guarantor is required to take charge of the loan repayment if the installments should not be paid by the holder of the loan.
Loan Changed To Bad Payers Online
Generally this type of Loan can be requested by anyone, even for those who are:
- Reported as Bad Payers
The Loan Changed for Bad Payers, allows you to access the necessary liquidity, when it is not possible to access other financial products. In fact, you will be able to get the money you need even if you have received a negative result on the requests made.
The three categories listed above are considered financially unreliable, therefore the lender following the request will proceed with accurate checks, to determine if at the time of the application there is a source of fixed income or financial reliability.
In addition to the advantage of being able to obtain the loan even if you have been indicated as bad payers and, even even if the applicants have already been protested, thanks to the so-called loans to protestors, there is greater flexibility in the payments of the installments in how much you have the opportunity to renew the bills can.
That is, if both parties agree it is possible before the deadline, to postpone the date of payment. Be careful, however, the longer the payment is postponed, the more interest will be paid.
Not sure if you can pay back the debt ? Then we advise you to avoid bills. Yes, because even with the failure to pay an installment you could be protested, with all the repercussions of the case, such as for example you will not be able to obtain funding in the future, until the regularization of your position.
Another disadvantage we can establish that are the costs, in fact compared to a normal loan the interest and the accessory costs are higher.
How to ask them
Have you identified the subjects available to disburse this type of loan? It would be better to compare multiple quotes, so as to evaluate the most advantageous. After identifying the entity that will provide this loan, it will be necessary to attach to the loan application:
- copy of identity document
- copy of the tax code
- copy of Tfr
- the last paycheck (if you are an employee)
If the applicant is unemployed and does not have enough guarantees, the signature of a guarantor will also be required.
Life insurance policy is also required many times. It has recently been established that in addition to the documentation listed above there is an obligation to also present the Cud model (for employees) and the Unico model (for self-employed workers).