Loans to unemployed 2017
The precariousness of work in recent years has meant that several valid strategies were developed to obtain the disbursement of loans without the due presentation of the valid guarantees to obtain the loan requested, which is why it has become possible to apply for loans for unemployed people without guarantees.
A fairly widespread problem throughout the country, youth unemployment has made access to credit increasingly difficult, which is why banks and credit institutions have pushed themselves to find possible ideal solutions for unemployed young people without guarantees.
As always, the internet becomes an important source through which it is possible to compare the best proposals presented by the various banks or banks to find the best financing solutions dedicated to unemployed young people with particularly convenient interest rates.
Loans to open a business
Surely young people are particularly privileged thanks to the lower interest rates and especially if the loan requested is aimed at opening a new business, it is possible to take advantage of various state incentives that make the chosen financing even more attractive.
This does not mean, however, that banks and credit institutions, which usually grant loans through the presentation of paycheck guarantees and income guarantees, are willing and to provide loans to young people without any guarantee.
In the case of loans for unemployed, children who wish to access credit will still have to take advantage of alternative guarantees to be able to obtain the required liquidity. In this regard, lenders consider different scenarios.
They range from the presence of an annuity other than a paycheck to the signature of a guarantor. The latter, however, undoubtedly represents the solution most accepted by banks and financial companies.
Best bank’s offer
Remaining on the subject of loans to open businesses, we also find the loans granted by Best bank. The National Investment Attraction Agency is in fact responsible for providing several loans dedicated to younger people who wish to start an entrepreneurial business.
Among these are new zero-interest companies. A loan dedicated to young people and women who aim to become entrepreneurs. The concessions are granted throughout Italy and provide for the granting of zero interest loans with which the beneficiaries can finance business projects.
The maximum amount financed is fixed at 1.5 million USD. It is also necessary to specify that the subsidized loans granted under the project can cover a maximum of 75% of the total eligible expenses.
But who can access financing? All companies that are mainly composed of young people under 35 or women (of any age) have access to the concessions. For access to credit, the company submitting the request must have been established (in the form of a company) for a maximum of 12 months upon submission of the application.
However, it is necessary to clarify that natural persons also have access to loans granted under the New zero-interest companies project. However, persons who have the possibility of obtaining liquidity only on condition that in the event of admission to the benefit they form a company within 45 days.
Loans with guarantor
Loans for unemployed unemployed: why choose a guarantor. A guarantee with high solidity that can make the disbursement of the loan positive and fast is the presence of a guarantor who can pay the residual debt in case of insolvency in the payment of the installments relating to the amortization plan.
When it comes to loans for unemployed people without guarantees with guarantor it is necessary to specify that the guarantor must meet certain requirements. First of all, he must have demonstrable fixed income. Income that must be adequate to guarantee the payment of the loan amortization installments.
There is also a registry requirement. In fact, in order to play the role of guarantor, it is usually necessary to be under 75 years of age on the date scheduled for the repayment to be extinguished. For access to credit it is also necessary that the guarantor is not reported as a bad payer.
It is therefore essential that the guarantor had no problems in repaying any past loans. Furthermore, he must not have suffered protests or foreclosures. Otherwise it will be very difficult to obtain funding.
How the loan with bills of exchange works
The requested liquidity can also be obtained by means of a loan, in this circumstance it will be the same monthly bill to act as a guarantee, the bill being executive would allow the same bank in case of insolvency to refer to the value of the assets through foreclosure.
Among the types of loans for unemployed people without guarantees, the changed loan can be requested from both a bank and a private individual. In both situations, the loan may be disbursed upon the issue of a number of bills.
Debt securities that are equal to the number of installments with which the repayment of the loaned capital will be divided, including an interest share and a capital share.
This is because bills of exchange have a double function in loans with exchanges. On the one hand it represents the payment system of the loan repayment installments and on the other it has a guarantee function. In case of non-payment by the beneficiary, in fact, the bank or financial company that provides the loan has the possibility to request the attachment of the assets. Expropriation that takes place in a particularly short time.
As regards interest, the rate is fixed for the entire duration of the amortization plan. Recall that the changed loans are also accessible to subjects who have a credit history with some flaws. This condition raises the interest rate applied to the product, which is generally not very advantageous.
Although the loans are generally high, they also have several advantages. First of all, the possibility of obtaining financing within a short time. In fact, dispensing can also take place within 24- 48 hours. Thanks to the use of bills of exchange, it is also possible to modify the amortization schedule, for example by requesting the refinancing of one or more bills of exchange.
Small loans for unemployed online
We close our discussion on loans for unemployed people without guarantees by talking about fast loans. Fast personal loans can also be requested by unemployed young people who need small sums of money, one of the categories of financing most requested by customers in recent years that allow you to get small amounts to face unexpected expenses.
The small fast loans for unemployed allow you to obtain limited amounts from a minimum of 1,000 USD up to a maximum of 5,000 USD, loans that can be disbursed much faster than traditional loans for which solid guarantees must also be presented.
However, the request for small fast loans for unemployed people is not the most convenient in the financial landscape as the interest rates applied to one’s own loan without guarantee are almost at the threshold limits as established by law.