Applying for a loan today is increasingly necessary. Credit institutions and financial companies have opened up to this new social situation, as shown by the spread of loans without a fifth of a salary.
Loans without assignment of the fifth: personal loans
Loans without a fifth salary include options such as personal loans. What is it about? Of non-finalized access to credit formulas, which means that the amount financed is not intended for the purchase of a specific asset.
Personal loans can also be requested online and require the application of a fixed rate for the duration of the loan.
Loans changed : that’s what it is
The crisis, as already mentioned, has led many credit institutions to open up to customer requests, which present very different types of needs.
This has led to a new popularity of loans changed, credit access formulas that allow you to quickly and flexibly manage the amount financed.
What is it about? Loans without a fifth of salary which are based on the repayment of bills by a certain expiry date (bills are executive securities).
The customer who receives a promised loan has the option to convert the promissory note into cash or to choose whether to continue to claim a credit from the bank that issued it.
Loans without a fifth of a salary: what to know if you intend to apply for a loan
Loans changed are loans without a fifth of salary that are growing in popularity. For this reason it is necessary to have clear ideas on the guarantees necessary to request them. Which ones are they? In the case of dependent work, it is necessary to bind the severance pay, if instead a freelance activity is carried out, it is essential to have held a life insurance policy for at least two years.
In the case of recent hiring as an employee, the presentation of a guarantor is mandatory.
Loans with guarantor: how do they work?
Speaking of loans without a fifth of salary means considering the option of the loan with guarantor, the presentation of which is necessary in the event that the applicant is unable to present sufficient guarantees of an income or real estate nature.
The loan with guarantor must meet specific rules, the first of which concerns the need to present a reliable person from a financial point of view (the credit reality always carries out checks on this).
Another aspect to remember is that the guarantor’s intervention is of an extraordinary nature (it cannot replace the beneficiary of the loan in the payment of the installments).
Last but still relevant point to underline is this: no credit institution is obliged to grant a loan to a protested, a bad payer or a person without a paycheck – the lack of a paycheck makes it necessary to refer to a model in the case of freelancers – even if it has a financially reliable guarantor.