Online loans without paychecks are possible, but – obviously – to obtain them, specific requirements must be met: in particular, it is necessary to demonstrate that you are able to count on constant income.
Clearly, a bank cannot afford to expose itself if the loan applicant does not provide sufficient guarantees that enable him to be able to pay the installments regularly.
So if you don’t have a paycheck but you can prove that you have a more or less constant income, you can continue reading this article, because there is probably a loan for you somewhere.
Online loans without paycheck: basic concepts
Online loans without paychecks can be requested through the web by all those who are not employees and therefore do not have a paycheck, but they can still count on regular economic income such as to be guarantees for banks.
For example, a person may not work but still earn a lot by renting houses; or he may have invested money in stocks or other financial instruments and therefore count on substantial gains. For a lender, what matters is that the income is demonstrable, long lasting and stable over time.
Online loans have the advantage of the speed and convenience typical of online procedures.
These types of loans are alternative to loans without paychecks which, on the other hand, can only be requested by appearing in branches. This is because they are more elaborate and complex (assuming a mortgage on the house, a pledge as collateral and so on). It is clear, therefore, that another of the strengths of online loans, must be identified in the simplicity of management.
To access the online loans (with or without a paycheck), you need only a computer, or even a simple smartphone, to request them and receive a response within a short time without excessive paperwork.
However, there are not only pros, but also some cons: for example, there are not many banks that make this formula available. This means that before finding a reliable credit institution and proposing a convenient and economically advantageous solution, you have to struggle a bit.
Here are three examples of lenders that regularly provide online loans even if you don’t have a paycheck:
- Astro Finance
- Italian post.
It is worth considering all three options in detail, starting from the assumption that Astro Finance is the bank that offers greater flexibility and a wider range of opportunities, as well as offering customers and anyone interested a greater clarity.
Online loans: Astro Finance – Bankate- Poste Italiane
1st online loan without Astro Finance paycheck
The formula of online loans without paycheck that is more interesting is, without a doubt, that of Astro Finance : the lender is available to provide a loan to anyone who is able to prove that he has any type of form of income as long as it is demonstrable . This could be, for example, income from self-employment, income from renting multiple apartments, and so on.
In principle, if you are self-employed, you have requested a VAT number for at least a year , while you have to have an income of not less than 6 thousand USD.
With the digital signature, all procedures can be carried out online, in a few clicks, so that you can count on a very significant time saving; the installment can be changed without extra costs and in addition there are no ancillary costs of any kind.
In short, no collection costs and installment management, no costs for sending periodic communications, no costs for the investigation of the file and no costs for stamp duty.
To apply for a loan online to Astro Finance you must be aged between 18 and 75 and, as mentioned, have an income that can be proven; the ownership of a current account and residence in Italy are two other requirements that cannot be ignored.
As regards the method of disbursement, the money is paid through a transfer that is made directly to the bank account of the person who requested it, while the refund is made by direct debit on the account itself.
The amount can be variable, from a minimum of one thousand to a maximum of 60 thousand USD.
For more information you can consult the official website Astro Finance – personal loans section.
A second example of an online loan without a paycheck – just being able to prove that you have an income – is that of Bankate : it being understood that to get all the necessary information you can contact the toll-free number 800-12.90.10, also in this case the fundamental requirement is represented by the possibility to demonstrate that you have a continuous income.
Among the numerous financing proposals, there is one that is specifically designed for young people: a flexible financing formula – so to speak – which is aimed at customers who decide to proceed with reimbursement with SDD , i.e. with automatic debit on the current account.
To give a practical example, who asks and receives a loan for an amount equal to 10 thousand USD can repay it in installments of 128 USD and 70 cents per month in 10 years, that is in 120 months, for a total amount of 15,718 USD, APR at 10.26% and Tan fixed at 8.91%.
For more information, see the official Bankatewebsite – personal loans section.
3rd online loan without Poste Italiane paycheck
A third proposal that deserves to be taken into consideration is that of Poste Italiane , through the Special Cash Postepay , a special offer that is intended for all those who own a Postepay. In practice, credit of the desired amount is granted directly on the Postepay card and in the event that the loan concerns a reduced amount, it can also be obtained on the Postepay Evolution.
There are standard amounts to choose from: the formula allows you to request either 750 USD, or 1000 USD or 1500 USD. In the first case the repayment must take place in 15 installments, in the second case the repayment must take place in 20 installments and in the third case the repayment must take place in 24 installments.
Essentially, online loans without paychecks have the advantage that they can be requested directly through the websites of the lenders and are characterized by the speed of the procedures.
However, specific requirements must be respected in order to have a good chance of obtaining them.
The advice is to contact the individual banks directly to request and obtain more detailed information, because obviously the granting or not of a loan cannot be separated from the assessment of the specific case, that is, of the financial history of the applicant, as well as his economic possibilities.