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
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
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.