The request for quick and secure access to credit is an increasingly widespread need. What to do when you don’t have the opportunity to present income guarantees? Online loans are used without fast paychecks.
Loans without fast paychecks: what options are available?
The first thing to make clear when talking about loans without a paycheck is that, although a paycheck is not mandatory, guarantees are required. These are therefore credit solutions suitable for those who do not have an employee contract, but can still have a working income.
These loans mainly concern small amounts, in principle not exceeding 5 thousand USD. This is because banks and financial institutions are usually not willing to grant credit to subjects who are at high risk of insolvency.
Loans without a paycheck are also accessible to those reported in the SIC databases as bad payers. The same goes for those who have suffered a protest. In these cases, however, obtaining online loans without a quick paycheck is quite difficult. The higher the risk of insolvency, the greater the guarantees to be presented.
How the changeable loans work
But what are the options available for those seeking online loans without a quick paycheck? Among the many alternatives, it is possible to mention the changed loans.
This consumer credit formula is based on the payment of bills at maturity. Bills of exchange are debt securities that the holder of the loan agreement can choose whether or not to convert into money (the other option is to claim a credit from the bank that issued them).
When you are informed about online loans without fast paychecks and loans changed in particular, it is essential to have clear ideas on the guarantees that you must still present.
In the event that you do not have the opportunity to present a paycheck, you must have held a life insurance policy for at least two years. If you are at the beginning of a career as an employee, it is mandatory to present a third party guarantor.
pros and cons
However, before taking out a loan with bills, it is advisable to be absolutely sure that you can repay the amortization installments. Thanks to the presence of bills, the bank can request the attachment of the assets even in the event of non-payment of a single installment.
This is because bills of exchange are executive securities and therefore guarantee the bank to get back the capital granted in a short time. The credit institution will not have to wait for the court to issue a sentence to start the expropriation procedure.
We also remember that the loans are a form of online loans without fast paycheck normally granted even to bad payers. However, it is necessary to specify that these are not very advantageous products, since they have rather high interest rates.
Funding for self-employed workers
As already mentioned, online loans without fast paychecks are also accessible to self-employed and atypical workers. In this case, it will be necessary to present your Model when applying. Better still if the applicant is in case of producing the tax return of the last three years, thus proving to have regular income in the last few years.
The best payday loan deals of 2017
But what are the best fast payslip online loans solutions currently offered? One of the most interesting is represented by the Best Bank Mini Loan. How does it work? This is a loan dedicated to postal payment owners characterized by reduced amounts, to be repaid in 22 months.
The applicant can in fact choose between three amounts : one thousand, 2 thousand and 3 thousand USD. The interest rate is fixed and the sum is paid directly to the postal payment.
The requirements of Best Bank Mini Loan
But who can get funding? postal payment holders who are aged between 18 and 76 can apply for the Best Bank Mini Loan. For access to credit, residence in Italy and the presence of demonstrable income are required.
The loan can be requested at any post office branch by presenting valid identification documents. Specifically, it is necessary to present an identity document, health card and documentation certifying income.
If the applicant is a foreign citizen, a passport, residence card or residence permit must also be presented when applying. The latter, however, must be valid and certify that the applicant has lived in Italy for at least one year and that he has been working for at least 12 months for the same employer.
Good Credit loans without paycheck
In the group of online loans without fast paychecks we also find the Good Credit offer. The online financial note in fact provides loans at advantageous conditions even to those who cannot claim a paycheck, being therefore self-employed or atypical workers.
Good Credit loans provide amounts up to a maximum of 60 thousand USD to be repaid with an amortization plan that extends up to a maximum of 120 months. The rate is fixed and the installments constant.
The beneficiary also has the possibility to modify the amortization plan according to his needs, taking advantage of the Skip installment and Change installment options. Option that can be activated after the regular payment of the first six amortization installments and do not involve additional costs.
The personal loan request can be made directly online, using the features made available by the Good Credit website. And thanks to the digital signature services, it is not necessary to print any document, the contract is signed electronically.
But let’s move on to the refund conditions. On the site there is also an online simulator that allows you to know the conditions applied to the loan you want to obtain, simply enter the desired amount and purpose of the loan. A promotion is currently underway which provides for the granting of a loan of 15 thousand USD to be repaid in 96 months.
The monthly payment to be paid is 199 USD, while Tan and Taeg are fixed at 6.25% and 6.43% respectively. There are no costs for the practical investigation. Overall, therefore, the beneficiary will have to repay $ 19,104.00.
Online loans without fast paychecks
We continue to talk about online loans without fast paychecks analyzing the proposals of Infra bank. This finance company allows you to apply for loans directly online and receive a response 48 hours after submitting the application.
Also from the official Nice Bank website, it is possible to check all the details of the loan costs by entering the amount of the amount you intend to ask for.
The Nice Bank loans are also designed for young people, in particular for those who choose the repayment with automatic credit to the current account. To understand how this type of loan works we assume the request for 10 thousand USD and the choice of a 120-month amortization plan.
In this case, a monthly installment of 111 USD would be charged to the holder of the loan contract, with a fixed TAN equal to 5.56% and an APR corresponding to 6.17%.