When requesting a specific financial product, such as a loan from any bank or credit institution, the applicant must offer a set of guarantees whose purpose is to demonstrate the economic strength of the future signatory by certifying, at the same time , the possibility of keeping the contract, ready to be signed.
In this way, the subject will demonstrate to be able to concretely provide for the repayment of the installments foreseen according to the timing provided for by the amortization plan.
These guarantees can be represented by the pay slip in the event that the applicant is an employee, by a tax return in the case of self-employed workers, or by a pension certificate in the case of a pensioner.
The credit is granted, in short, to those who have sources of income that are practically certain that they can be considered, by the banks, as a guarantee to get back the money lent.
Because of the particular historical moment in which we live, the economic crisis has minimized the amount of liquid money present on the market and consequently the guarantees are able to satisfy the demands of the credit institutions in an increasingly difficult manner. This is evidenced by the evident contraction in the number of loans, mortgages and loans granted in recent times.
Employees and retirees, as a rule, have no particular difficulty in accessing credit solutions, thanks to the high level of security of the combined salary / severance pay for one category, and the pension for the other.
Instead, a different discourse must be done for the self-employed, who may have more than a little difficulty in obtaining a loan
Specifically, we are talking about loans without payroll, or those solutions that can be requested by simply presenting a copy of the tax return. Attention however to the fact that this document is considered less secure, from the bank, with respect to salary or pension, for this reason additional guarantees may be necessary, which we can classify into two groups:
- real, like for example the rent of a property owned or the mortgage on it (it is however a rare possibility in the case of personal loans and reserved mainly for cases in which the requested sum is particularly high);
- personal, or present a guarantor (fidejussore) who undertakes to remedy any non-payment of the installments, making the outlay at his own expense (except then be able to redo the principal debtor). Technically this solution is called “co-obligated loan”.
Once the credit institution, after a careful evaluation of the request, has given its favorable opinion, the loan without a pay slip will follow the whole process of a normal personal loan.
The repayment of the installments may take place through SEPA or through payment of postal bills, depending on the possibilities offered by the bank and the choice made by the customer.
A conclusive question: can the loan without pay envelope be requested by those who are unemployed?
As we read on the Mondo Prestiti website , on the page of loans without payroll , these are two very different things. Anyone without a pay slip is still a worker, independent in this case, who has documented income and can have the opportunity to obtain the loan depending on the guarantees provided and the amount requested, the