Let’s find out what is the so-called mini payday loan and what is the amount of money that can be requested through this form of financing.
All the features of the payday loan, starting from the required requirements and how you can receive them without a paycheck . Finally how to apply for the fast payday loan online.
What is a payday loan?
If you are looking for a loan, you will surely have noticed the enormous amount of products offered by banks and financial institutions. Just do a quick search on the internet to find many more or less interesting solutions based on what are the needs of the customer. Among these we find the mini fast loan , which is a form of financing aimed at a rather large clientele. As you can guess from the name of the product it is a financing option that allows us to have access to a rather small amount of money. One might think that for this reason they do not have much use, however the frequency of requests for payday loan in Italy is always higher, and this is probably one of the consequences of the economic crisis and the difficulty in finding a stable job.
The payday loan is the ideal solution for all those who need a small amount of money to deal with unexpected expenses. This is the case, for example, of the expense for the dentist or for other medical treatments, but also for example the expense for the mechanic following a car breakdown. At the same time you can choose the mini fast loan if you want to make a trip for which you do not have immediately available all the money and then you prefer to pay in installments. So this is a non-finalized loan , perfect for various needs, united by the fact that it provides for a not excessively high expense. When we talk about payday loan usually the sum of money that we can request goes from a loan from 500 euros up to a maximum of 1,500 euros, although in some cases the maximum threshold is higher and reaches up to 3,000 euros .
The main feature of payday loan is therefore the sum of money that can be paid. From this characteristic derive then different advantages, that surely have favored its diffusion. As you can easily imagine, for a credit institution, the provision of the payday loan is a minimal risk . This lower risk turns into a greater ease of granting the loan. This does not mean that the payday loan is given to anyone without distinction, but there are certainly fewer restrictions than funding for higher amounts of money. For this reason, even those who are not employees and therefore without a paycheck have the possibility to receive the small loan they are interested in, as well as those who do not have special capital guarantees. A further advantage that derives from the fact that the loan request refers to a rather low sum of money concerns the delivery times. The payday loan is in fact the fastest financing ever , as in many cases it even provides for immediate disbursement. For this reason, as we have already said, this is the ideal solution for those who would face an unexpected expense for which a loan of 1000 euros may be sufficient.
Payday loan without pay and without guarantees: how to request it
We have seen what are the main features of the payday loan. One of the advantages related to the fact that the sum of money we are going to request is rather low regards the less restrictive constraints imposed by the banks. In this sense we often talk about payday loan without guarantees , but is this really possible? Obviously there is no credit institution willing to grant a loan without the applicant presenting any guarantee, simply because it would be too high a risk for the company and unjustified considering the huge request for financing. So it is good to make a clarification in this sense and we must be careful who promises financing without any guarantee. The guarantees to which we refer when payday loan are advertised, as well as other forms of financing, are, for example, patrimonial guarantees , such as the possession of a property, or the presentation of a guarantor , ie a person who guarantees in our place and take charge of any monthly unpaid installments from us.
The payday loan for employees and pensioners is the simplest example of unsecured financing. In the event that the client has the opportunity to demonstrate to the bank that he has an insured monthly income, which may be a salary or a pension, then he will have access to the loan even without further guarantees . Not only that: in most cases payday loan for employees and pensioners are also offered to bad payers . As for the payday loan without paychecks , even in this case the major companies offer the possibility to request them online without too much trouble. In particular, this form of loan is aimed at self-employed workers such as freelancers, entrepreneurs, artisans and so on. As you probably already know if you belong to this category of customers, it is not always easy to receive a loan without a paycheck. In the case of payday loan, we are still offered an excellent opportunity.
If you are self-employed, therefore without a paycheck, you can receive the small loan you need even without guarantees, presenting the last tax return . It should be emphasized that this option is also provided in some cases for personal loans of higher amounts of money. Unfortunately, at the time of the request problems often arise, as the earnings of a self-employed are not constant over time as those of an employee, and therefore if the request is too high this will not be accepted. This type of problem does not arise in the case of payday loan, as the monthly installments are very low and therefore even those who do not have particularly high earnings will be entitled to receive the desired loan. As for the unemployed job seekers who are interested in a payday loan without paychecks, in this case the situation will obviously be more complicated. Some banks as we offer their customers the opportunity to receive the loan through the presentation of a guarantor, and therefore this may be the ideal solution if for example we have a relative or a friend willing to take this responsibility.