Loans without paychecks for individuals and new businesses
Applications for microcredit are rising in Italy. This is an alternative form of access to credit to personal loans, which is normally used by those who have difficulty obtaining liquidity through the traditional banking channel. In fact, it represents a measure to combat poverty and aims both to satisfy personal needs and to support new businesses.
The weakest members of society submit the request for microcredit: young people, the unemployed, women, large families and individuals who start start-ups. In economic terms, loans of this type generally have an amount of less than $ 25 thousand for starting business activities, $ 10 thousand for social microcredit.
Loans of this kind are also disbursed to students, but the amount that can be financed depends on the duration of the amortization plan (maximum 120 months). In any case, the disbursement takes place without the applicant being obliged to present collateral.
Loans without guarantees 2019-2020: the offers of Best Bank and Nice Bank
But who pays these funds? There are several entities that grant them. Among the products in question there is Simple Loan, which allows you to obtain up to 5 thousand USD of non-finalized credit. Against a five-year amortization plan, the monthly payment is 92 USD.
Nice Bank against a 5 thousand USD loan with repayment in 5 years provides for an installment of 95.07 USD. TAN and APR are fixed at 4.90% and 6.56% respectively. Best Bank also offers small loans of this kind. According to what is indicated by the simulator on the official website of the financial company, against a loan of 5 thousand USD, with repayment in 5 years, the installment is 100.19 USD while the APR stands at 7.97%. Continue to follow our portal to stay up to date on the news of the loans and mortgages sector.