Seeing your plans made for the future always presents difficulties. Increased difficulties for those without work, for students, for workers without a fixed position, atypical or precarious. Getting a loan for them is a business. However, in order to be granted a loan, even without having a paycheck, two particular conditions must be met.
To request a small loan and have the possibility that it is granted, there are only two conditions:
- to have a guarantor;
- demonstrate that you have income through a checking account.
The guarantor must not have ongoing funding exceeding 50% of his income. Above all, it must not have a negative credit history. Furthermore, it is not uncommon to also positively assess revenue that can not be demonstrated by payroll but only through current account transactions.
Obviously, the maximum sum that can be paid will be contained. An example of this type of loan is the revolving credit, cards that can be made out to simple students, provided they use the parents’ signature as a guarantee.
The average amount and the interest rate
The risk of insolvency, in the case of a payday loan, is generally higher than other types of loans. As a result, the required interest rate will be higher. Therefore, always pay close attention to the TAN and the APR present in the contracts that they will propose to stipulate. The average amount that a bank or a credit institution is usually willing to grant is around 5 thousand euros.
Other types of loan without payroll
Those subjects that do not have other guarantees to present can be granted a loan without a pay slip. The repayment of the installments takes place, therefore, through bills.
Another type of financing, in the absence of demonstrable income, consists of a mortgage on a property owned. This condition could also help you get your funding.