MonthDecember 2019

Postal loans without payroll

Loan without pay slip Good Bank for young and old: possibilities and alternatives

Loan without pay slip Good Bank for young and old: possibilities and alternatives

It may be more complex for young people to be able to obtain personal loans, or loans aimed at buying a car or even goods of lesser value or value. Given the history of the Italian Post Office, which are still not seen as a company with private participation (compared to the version of many years ago of a wholly state-owned company), one might think that one could ask for postal loans without a pay slip and without guarantor, but even in the case of the Special Cash Postepay Loan, you can’t hope to get what you want if you don’t have guarantees to offer.

True or false: is it possible to get loans without payroll?

True or false: is it possible to get loans without payroll?

The pay slip is not the only form of provable income. What matters is that you have an official certification that certifies your income capacity (payroll or Unico). Furthermore, with respect to banks, Post services does not issue loans directly, but passes, depending on the types through Cream Bank, which are the owners of the preliminary stages and are also the institutions that will pay the sum eventually granted, obtaining a refund by paying the installments.

Therefore the particular nature and corporate composition of Good Bank has no importance from this point of view. As mentioned, even in the case of the Special Cash Postepay you must have a demonstrable income considered acceptable by those who carry out the preliminary investigation, without the possibility of derogating from it, where the pay slip can be replaced by a declaration attesting to the existence of a working relationship that exists from at least one year.

The situation changes if there is a guarantor who has a good income capacity, always demonstrable, which very often represents the only alternative for young people or for those who do not have a certified and accepted income. The placement role of Good Bank also limits the option of access to credit through the offer of securities under guarantee, proposed instead by the other banks (especially those that are born or that give a fundamental role to the aspect of investment bank).

Conclusions

Conclusions

If you have neither a guarantor nor a single or paycheck, then you can see if you have the possibility of accessing the loan on pledge, but not with Good Bank which does not provide this kind of solution. This does not imply that if you are a satisfied Post services account holder you will have to open an account with another bank.

The advantage of the pledged loan lies in the fact that there is no assessment of creditworthiness and income, and that no account must be opened, but the sum obtained, based on the valuation of the pledged asset, takes place through a bank draft or transfer to the bank details communicated to the lender.

Bank loan and the age of the borrower, at what age it is best to take loans

Bank loans and the age of the borrower. What amounts are available for each age group?

Every person in life may need to raise cash. Everyone may need a bank loan, regardless of age. Does it matter at what age the client applies for a loan? Will 19 years old get the same offer as a person over 30? We will try to answer the most frequently asked questions from our clients. How does the borrower’s age affect banking offers?

The borrower’s age, therefore, a lot of myths have accumulated, so we will try to discuss them and present how it is in practice. For the sake of clarity, we will present several age categories. They certainly do not refer to the offers presented by banks, because the bank does not provide information on the approach to age. They are only an attempt to rank the banks’ approach to people of different ages based on our experience.

Bank loan for the age group 18 to 21 years.

Banks will not have amazing amounts to offer in this age group. Young people are usually not yet stable. They do not have a stable job that would guarantee the possibility of paying off the loan for the next few years.

A person with no credit history and permanent employment can count on bank loans up to USD 15,000 most often. After six months of repayment, the appearance of a positive credit history will be available to her higher amounts, up to USD 150,000. At the very beginning, banks will offer smaller amounts to build customer confidence.

The borrower’s minimum age depends on the bank. For 18 years, banks will propose relatively small amounts. Banks are relatively the safest, for which the youngest customer may be the one who is celebrating his 21st birthday today.

It is worth remembering that banks do not credit such young customers the best. If a young person needs a larger amount, it is worth thinking about an approach to a loan with a guarantor, or build a credit history, which significantly helps in obtaining good and large loan offers. To sum up, the borrower’s young age is relatively small amounts obtained and expensive offers.

Bank loans in the 22-28 age group.

Bank loans in the 22-28 age group.

The described period marks the beginnings of stabilization of people interested in loans. The first serious job, starting a family. As a result, banks give the group a bit more confidence when they see the work history or its continuity with subsequent employers. In this group, people without a credit history will also not get large amounts, but they will not have a problem with amounts of 30,000. If they have a credit history, banks will not apply limits. Only offers received will not be among the cheapest due to age, slightly different from the model client.

Bank loans for people between 29 and 45 years old.

Bank loans for people between 29 and 45 years old.

The age category is best considered by banks. A customer from this age group working on an indefinite employment contract is usually considered a model bank customer. Getting a mortgage in this situation will be the easiest, and the cheapest and the highest cash loans.

At this age, a statistical people is already a stable professional figure. Banks also see in this group the lowest loan loss ratio . This means that people who take loans from 29 to 45 years old are their best payers.

Even when working on mandate or fixed-term contracts, banks consider clients better if they fall under the age category we describe. It may happen that 20 and 35 years old in the same situation will meet with a completely different decision of the bank. The first one will get a refusal due to high credit risk and the second one will leave the bank with the corresponding offer of a cash or consolidation loan.

Bank loans for thick age from 46 to 65 years.

Bank loans for thick age from 46 to 65 years.

This group is also a fairly good group for banks. Stable work and life provide good repayment options. In this group, borrowers already obtain fewer mortgages. More often they decide on consolidation loans, which are an ordering of their liabilities. The Group is paying more and more attention to the cost of loans, more often it agrees to additional credit insurance, which in the event of an accident or death will not burden the loved ones. People from this age group are also more likely to become co-borrowers or guarantors on their children’s loans.

Bank loans, borrower age 66 years plus.

Bank loans, borrower age 66 years plus.

People over 66 are quite a problematic group for banks. An average people lives on average 74 years, an average people lives 81 years old. Banks are afraid of lending to clients over 70 or 80 years old. Granting a loan to a 70-year-old customer for 12 years would be associated with considerable risk for banks. Therefore, almost all loans for seniors granted by the bank are encumbered with additional insurance in the event of the borrower’s death.

Typically, banks determine the maximum age of the borrower assuming repayment of the last installment of the loan obtained. The issue of the maximum age in banks is quite mobile, which is why it is difficult for us to list which specific banks best approach advanced age. It is good to ask a proven advisor which banks currently have amounts of a certain age. Advisor will certainly tell you which banks have the best offers for older people in a given month.