There are complicated economic and work situations where it is necessary to request financing , but how to do it without a fixed salary per month? In this article we will tell you how to request a loan without payroll , keep reading.
Can you request loans without payroll?
There are different types of loans: private equity loans, home loans, student loans … But have you heard of loans without payroll or endorsement?
Although it seems impossible, we must say that you can request a loan without a payroll . Today there are various entities that give instant response to this type of request and it is granted to people who are in need of financing and who are also unemployed, are temporary workers, self-employed or are retired.
What are the requirements?
Depending on the entity where you make the request, the requirements to apply for this type of loan may vary, but some general ones are:
- Be over 20 years old
- Be the owner of a bank account
- Be a resident in Spain
- Have an active NIE or DNI
- Provide personal data
What are the advantages of this type of loan?
Its advantages are diverse:
- immediacy to respond to the request
- flexibility to determine the money required and time to pay
- minimum requirements
How much money can you ask for?
Finance companies offer € 50 to € 1,000, or more. If it is your first loan, they give you a minimum amount without interest and without commissions. As of the second loan, the amount rises, in order to guarantee that the interested person will be able to pay the agreed amount.
How to repay the loan?
The return is as immediate as the request. In some financial institutions it is requested that it be reimbursed to the same bank account in which the money was received.
When the money cannot be returned in the stipulated time, the finance companies have renewal policies to defer payment, although this entails an increase in commissions or interest.
If you are thinking of requesting this type of loan, it is necessary that you evaluate if you can afford to pay it, in order to achieve financial security and only do it in case of an emergency. We suggest you to advise yourself , choose the bank or financial entity of your preference and make the best decision in benefit of your financial situation.