New born loan: the public fund to support families

The new-born loan was a form of subsidized financing for families who had a child in the year prior to the request. This kind of small loans gets benefits thanks to the guarantees provided by the State, which assumes the role of reassuring the bank about the repayment of the loan, ensuring to intervene in case of insolvency of the debtor. In this way, costs are reduced, ie the interest rate to be paid. However, a public guarantee does not mean that the capital received should not be repaid: it is not a loan. Nevertheless, in this way the State supports families with children.

Let’s see how the new born fund works


The dedicated fund was activated at the Department for family policies of CONSAP (Public Insurance Services Concessionary), a public body that is used for these activities of access and support of credit. The Fund functioned thanks to close agreements with the banks participating in the initiative: this means that to apply for a new-born loan, one needs to contact a bank that has accepted the conditions of the Fund. The list can be found on the ABI website, the Italian Banking Association.

The banks adhering to the loan for newborns agree to provide some facilities for the APR, the Global Effective Annual Rate , which also includes all ancillary expenses. In particular, the APR will be fixed and cannot exceed 50% of the TEGM, Effective Global Average Rate on personal loans. What does it mean? The TEGM is a rate calculated every 3 months by the Bank of Italy, which takes into account the average of the interest applied by the banks on a particular sector, in this case that of personal loans. The APR of the new-born loan cannot be more than half the value of the TEGM on personal loans calculated by the Bank of Italy at the time the loan is requested.

The maximum amount of obtainable is 5,000 euros, but the capital can be used for any expense

5,000 euros

The repayment period for the new-born loan may extend for a maximum of 5 years. In this way, the New Born Fund helps families pay the expenses for the newcomer and facilitates their first years of life.

Loan of hope – solidarity loan

The loan of hope is a credit access service provided by the Italian Episcopal Conference, an organization that brings together the bishops of the Catholic Church. The CEI has been launching for some years some facilities for access to credit for the most disadvantaged citizens and families, in order to favor social and economic inclusion. Among the instruments made available by the CEI there is also a guarantee fund, launched in 2009, powered by institutional and private subjects, which allows people in difficulty who turn to this institution to receive favorable conditions to obtain a loan.

The loan of the hope of Caritas is aimed at encouraging the reintegration of those who have lost their jobs or the launch of a self-employed activity : it is therefore a loan aimed at creating jobs. In fact, funding can be requested for training and professional retraining activities. In this way, the person in difficulty can acquire new skills on favorable terms and increase their chances of finding a new job or creating one on their own. In fact, the funding can be used to finance the attendance of training courses and similar tools.

The loan can be requested by natural persons


(temporary workers, unemployed young people, unemployed), disadvantaged families and micro-enterprises, perhaps in conditions of start-up or restructuring. To be able to obtain the loan you must go to the nearest office of the diocesan Caritas. The documents for the loan of hope vary depending on who submits the request. In the case of natural persons, it is necessary to present:

  • an ISEE certification;
  • copy of the documentation issued by ASL, INPS or other public body on the condition of hardship, illness or disability;
  • in the event of unemployment, the letter of dismissal or registration with the unemployment lists.

In the case of micro-enterprises, on the other hand, you must present yourself


  • VAT number and Chamber of Commerce registration;
  • balance sheet for the last 3 years;
  • business plan to relaunch the professional activity or the start-up;
  • the DURC.

At this point, the banks participating in the loan of hope will be contacted by the staff to whom you have turned and should provide subsidized loans, thanks to the guarantees provided by the CEI fund.

Advantages of Payday Loans – Learn About the Advantages of Quick Loans

Waterpumpers, like any financial product, have both advantages and disadvantages. The disadvantages of such offers are unquestionable and it is worth knowing them, but I will devote a separate article to them. In this article, I will focus on their strengths. You will learn here what are the advantages of payday loans. You will learn the most important advantages of fast loans, which are guided by customers, looking for a loan. The payday’s advantages are particularly exposed by the parabanks, so that the potential customer only pay attention to them. Despite the wide variety of offers available on the non-banking market, they are similar to each other. As a result, the advantages of payday loans for each offer are similar.

Once you know the advantages of payday loans, also check their disadvantages.



Waterpots are granted via the Internet, therefore the security of personal data transferred is a key issue. That is why every non-bank institution uses technologically advanced websites and technical solutions that guarantee full data security.

Clearly presented terms and costs

These are also important advantages of payday loans, which are worth mentioning. In the case of the vast majority of offers, you immediately know what costs you will incur. Thanks to information forms and contract projects, you are aware of the conditions under which you enter into a contract. The costs are clearly defined and you get to know them right away because you have access to a cost calculator on every page of a non-bank institution. Thanks to him and a simple calculation, you know how the costs of a weekend will change. By specifying the amount you are interested in and the repayment time, you will learn how much your APY will be, commission, interest and you’ll know the total cost. There is a lot of talk about the transparency of non-banking offers, and yet you can still find offers where it is not the best. You can still find lenders’ websites where the costs are not clearly and clearly presented. They are simply hidden, so to find them, you have to spend some time.

The ability to borrow money without commissions, interest and other costs absolutely free

The ability to borrow money without commissions, interest and other costs absolutely free

Further advantages of payday loans, which are worth emphasizing, are undoubtedly the possibility of getting them for free. There are more and more promotional offers, so-called first loan for free. It is a promotion addressed only to new Clients who submit an application to a given institution for the first time. Thanks to being a new client in a given institution, you borrow for free. After the time agreed in the contract, you return exactly as much as you borrowed and no more zlotys.

Find out what to avoid when taking the first hour for free:

  • The first loan for free is a time trap?

Minimal formalities and documents

The advantages of fast loans are also manifested in the minimum formalities. Such offers do not require the provision of earnings certificates or other documents. To submit the application, you need an ID card, your own mobile phone and a bank account. The whole process is downloaded online without leaving your home. You do not even have to send scans of any documents.

Quick access to money

There are also other advantages of payday loans, which include the possibility of receiving financial support almost immediately. Often, we immediately need a cash injection in a small amount. If it happens that you need cash immediately, you can get it in as little as 15 minutes. At the latest, the money can reach your bank account in 24 hours. A lot here depends on the bank in which you have your personal account. Each loan company has several to a dozen or so bills in various banks, from which it executes loan payments. How fast your money will be credited to your account depends on whether it is in the same bank. The second factor determining the speed of receiving cash is the hours of interbank sessions. The speed with which you can get money is probably the most important advantage of payday loans, or at least that which customers most often drive, reaching for a few minutes.

Accessibility for people with bad credit history at banks

When listing the benefits of payday loans, mention should be made of the availability of Clients placed in Database or other debtors’ registers. Many people have a negative credit history in banks, which means that the road to credit is closed to them. In the event of the need to borrow money, the only solution for them is payday loans or multi -bank non-bank loans. However, I must point out that not all of these people can take a loan in any parabank. A lot here depends on the register in which the debtor appears. In the case of parabanks, it can be different with checking individual ones. There are companies that check all, but there are also those that check one or two. There are also companies that do not check applicants in Database. I will devote a separate article to the parabank which the debtors’ registers are checking. However, if you check my comparison of payday loans, you will find out which one is not checked in Database. If you want to find out which debtors’ databases are checked in case of a specific minute, you should read my review of this offer. There you will find information about all registers, which are checked for this offer.
Regarding checking or not the debtors’ registers, I must also mention that parabanks in some cases declare a liberal approach to information posted in them. However, it is difficult to predict how highly this approach is liberal. None of them discloses information about the amount or amount of debt that disqualifies the applicant. Either way, regardless of their level, everyone can try to apply.


In conclusion, I must point out that the advantages of payday loans are not very numerous, and their drawbacks are much more numerous. Due to their quantity and weight, I will devote a separate article to shortcomings. There are several dozen offers, but only in a few cases the advantages offset the disadvantages. Unfortunately, the overwhelming majority of disadvantages are much more than advantages. Apart from these issues, a person who is on maternity allowance with a bad credit history can apply for a break. Thus, almost everyone can easily get quick financial support.

I hope that you can capture all the advantages of payday loans. However, no one is infallible and something could have escaped me. Therefore, if you think I missed one, write about it in the comment under this article. I will try to answer and complete the article as soon as possible.

Online loan without payroll: less money, but faster

An online loan without payroll combines the simplicity of internet funding with the flexibility of a request for lesser guarantees. A traditional loan, required by physically going to a bank branch, requires the subscription of a series of bureaucratic procedures and the presentation of solid guarantees: usually, the most requested form of guarantee is the last paycheck, which certifies how the applicant is an employee with a stable income.

This guarantees the bank about its ability to repay the debt

This guarantees the bank about its ability to repay the debt
But not everyone is able to present a pay slip, perhaps because they are self-employed (in this case you will need to provide the latest tax return) or, more and more often, because you have a precarious job or even you are unemployed. In these cases, access to credit is more difficult. This is why many lenders have also provided services for financing these people. Everything revolves around the request for more flexible guarantees: for example, instead of a pay slip, the signature of a third guarantor may be required. But if not even a guarantor is available? The solutions available at this point can be the pledge of a valuable item or the mortgage on a property owned.

In the face of these reduced guarantees, requesting an online loan also allows you to avoid long waits at bank counters and some bureaucratic steps. The problem of online financing without adequate guarantees is that large sums cannot be requested . One of the loans in this category, the one aimed at customers of the popular PostePay payment service, for example, offers only three solutions for the amount to be borrowed: 750 euros, 1,000 euros and 1,500 euros.

This limitation is due to two factors that characterize this type of loan

This limitation is due to two factors that characterize this type of loan

firstly, all loans without payroll usually offer only small amounts , however lower than those obtainable with a traditional personal loan. This happens because the banks do not want to expose themselves to more risky applicants without a stable income. Moreover, the online loan is certainly more flexible, but even in this case the credit institutions cannot provide too high figures, given that they have less control over the people who request them.

For this reason, the online loan without payroll is a suitable solution for those who are looking for small numbers quickly to remedy moments of low liquidity and economic difficulty.