Category: Finance

Personal loan: who can apply for it?

Personal loans are an option potentially open to any category of subjects, as long as they are able to demonstrate their ability to repay the loan with the interest charged. Therefore, they can be requested by self-employed workers, employees or pensioners, by submitting a specific application to the chosen credit institution with relative attached documentation emergency loans

The standard documentation to be attached to the request consists of an identity document, the tax code and a document certifying one’s income capacity,  then the last paycheck, the CUD model, the UNICO model or the pension slip. Generally access to this form of credit is granted to all those who are between the ages of 18 and 75, but under certain conditions some financial companies raise the maximum age to apply for personal loans up to 85 years and over Visit This Link.

Personal loans, guarantees

When you contact a bank or financial company to request a personal loan, guarantees are essential that certify the ability to repay the loaned capital: the main protection to demonstrate one’s ability to repay is therefore the employment contract , which must preferably be indefinitely, or retirement. Some banks also offer loans for young people with project or fixed-term contracts, but these are generally loans whose duration must not exceed that of the employment contract. In the event that the applicant does not have sufficient guarantees,

The lender may request that the contract also be signed by a third party guarantor defined as guarantor or co-obligor, who will undertake to take over the repayment of the loan in the event that the beneficiary is unable to meet the commitment undertaken with the bank.

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