When we talk about a loan without a guarantor we refer to a type of loan that does not provide for the request, the evaluation and the resolution the presence of a guarantor who must sign to guarantee the loan.
Why apply for a loan without a guarantor?
A loan without a guarantor can be requested through a loan called Salary Assignment. For those who are employees and have a permanent contract or are retired there is this possibility. If you are also dependent on some state or public administrations, you can find particularly advantageous conditions.
The loan without guarantor with the Cession of the Fifth has several positive aspects, first of all the possibility of not specifying the motivation and not producing any justification of expenditure for the liquidity that is being requested and moreover, do not ask or involve a second subject who intervenes for guarantee of the same loan.
This loan is a type of loan that can be requested by employees, public or private but also by pensioners.
What are the things to know about a loan without a guarantor?
The financial and banking institutions, for this type of loan without guarantor, the only guarantees they require are mainly related to the type of employment contract or type of pension by not requiring any additional additional guarantees.
The type of loan without guarantor carried out through the sale of the fifth gives the possibility to a potential customer to reach amounts and durations at particularly advantageous rates.
On a practical level, furthermore, since it does not have to involve third parties as guarantors or to guarantee, for example, a property, the entire assessment and feasibility procedure focuses in particular on the work position and the administration where the employee works or, in cases pensioner, on the type of pension and the age of the applicant.
What are the characteristics of a Loan without guarantor with a salary-backed loan?
- Duration from 24 to 120 months
- They can reach up to 75,000 euros
- Fixed RATE for the entire duration of the loan
- It can also be requested by those with payment problems
- Even in the presence of other ongoing loans may be required
- Installment paid directly by the administration or social security institution