Nowadays, larger purchases are increasingly being financed through a loan. If you are looking for a cheap loan, you will usually do it at a bank. However, it is also possible to get a loan without a bank. The alternative to the classic bank loan is the so-called personal loan. This is issued by private investors and brings certain advantages for both the borrower and the lender.

Where can you get a loan without a bank?

What has been a common practice for many years is now becoming increasingly popular in the country. The granting of loans by private individuals. One of the major providers for this is our company. We have set itself the task of bringing together prospective creditors and private donors. The advantages for the borrower lie in the less bureaucratic processing of such a loan without a bank. An attractive return for their investment attracts private investors.

How does the loan work without a bank?

If you want to look for private lenders for your loan, create a so-called loan project on the portal. You also indicate the interest rate that you are willing to pay for the loan. The rest of the processing is done so that there is no direct contact between the borrower and the lender. During registration, the interested party not only provides the required amount, but also their personal data such as income relationships and their current spending situation.

The registration documents can then be downloaded directly to the PC and sent to lender together with the wages and salary statements. The documents are checked there and then placed online in the portal under an anonymous pseudonym. In the event that investors agree to the interest offer and are otherwise convinced of the loan request, they can provide money for the project. As soon as the required amount has been reached, lender will be paid into the borrower’s checking account. The monthly installments are then collected and distributed to the relevant borrowers.

Conditions of credit without a bank

As already said, the borrower himself determines the interest rate that he wants to pay on his loan. The possible loan amount is between 1000 and 50000 dollars and the term is either 36 or 60 months. If the placement is successful, lender cartoons a placement fee of 2.5 percent for loans with a term of 36 months or 3.0 percent for a term of 60 months. This will then be retained when the loan amount is paid out. Loan without a bank can also be covered by residual debt insurance. This then assumes the risks of unemployment through no fault of your own, incapacity to work and in the event of the borrower’s death.

A creditworthiness of the borrower is also required for loans without a bank. To protect private donors, lender performs a credit check including registration of credit data during registration. The creditworthiness of the borrower is shown after the query at credit by the credit rating levels AH. This is then also visible to private donors. If the creditworthiness is poor, a risk premium on the interest rate mentioned is also possible.

Living with a debt causes a feeling of constant stress. The pressure of the collection calls and the anguish of not having money to liquidate, cause the person to suffer anxiety attacks that lead him to seek easy solutions.

Asking for a loan to pay debts, pawn goods and paying one card with another, are just some of the ideas that cross the head of those who live under financial stress.

“It’s like trauma that they are calling one to pay. I felt the death, I felt that I was dying ”This is how Walter describes his experience with a debt of almost $ 70,000 pesos” .

I’m tired of paying debts .

Walter’s story was complicated when he began to support his daughter financially. As described, at that time he did not work, so he saw the need to use his cards until he reached his credit limit.

This situation is quite common, in fact, the main reason for debt of the clients of Solve Your Debt is the bad administration of their resources , that is, they begin to occupy cards despite not having the money to pay them later, thus causing a ball of snow.

“I met Solve your Debt thanks to the recommendation of another of my daughters. When I arrived at Resolved, they advised me and made a calculation to see how I could settle my debts, I accepted because I was tired of paying debts. ”

The calculation Walter refers to is the personalized savings plan we offer to our customers. Thanks to this plan, the people who go to Solve your Debt can settle their debt with their own resources, without needing to request a single loan.

But how is this possible?

This is thanks to the fact that we negotiate with the banks, department stores or financial stores with which our clients present their debts. Our negotiation team obtains discounts of up to 70% on the payment of the debt, thus, from a debt of $ 100,000, our clients end up paying less than half.

Does solving your Debt is reliable?

Let the numbers answer for us: in 8 years we have helped thousands of people like Walter settle their debts. Thanks to the team work of advisors and negotiators, we have settled more than 120,000 debts not only in Mexico, but also in Colombia and Argentina.

There is no prayer to pay off debts and multiply money, but there are solutions such as Solve your Debt that help people solve their debt problem definitively.

“I thank Resolve very much. I advise you to approach, to know them and to enter the program. In my case, it is thanks to Solve your Debt that I am moving forward . ”

 

A loan without collateral is now rarely issued by the banks, since the risk of loss from a loan default does not justify the promised return in the long term. For this reason, it is increasingly difficult for a borrower to get a loan if it either cannot provide any collateral or the existing collateral is insufficient. The professional lenders base their lending on a few key points that the future borrower has to fulfill if the loan amount requested is to be approved.

The conventional collateral, which is usually queried by every bank and must also be provided by the borrower, includes the credit entry as well as the deposited creditworthiness, which must be proven by means of salary or wage statements together with account statements. Even a failure of just one of these securities can have a negative impact on creditworthiness, so that the application for a loan can result in a rejection.

Apply for a loan without collateral successfully

If the collateral is not available, the borrower is dependent on the successful application for a loan without collateral, at least if one does not want to collect additional collateral or even want to move to the private level. If the usual collateral such as credit entry or proof of creditworthiness cannot be provided, a loan without collateral can be avoided by simply offering the bank or another credit institution additional security that tries to compensate for the missing one. In the best case, this can be a property that currently does not generate any income, for example because the condominium is not rented out, but can act as a seizure fund. A guarantee can also convince a bank to ignore the lack of collateral for the actual borrower as far as possible and still issue the loan amount.

Both ways represent effective and sometimes successful emergency solutions, but they do not serve as a long-term solution to the problem and leave the root of all evils completely untouched. Regardless of whether the application was successful with additional collateral or the loan without collateral was issued on the basis of good relationships with the house bank, the borrower should subsequently improve his financial situation. If, for example, the credit entry is positive again, the internal ranking of credit will of course also increase in reverse. This not only enables creditworthiness, but also increases the possible loan amount.

No loan entirely without collateral

In any case, the borrower must be aware that a loan will never be issued completely without any security, as this would already contradict the basic economic idea behind the loans. The only way to get a smaller amount borrowed is on a private level through good relationships with parents or other family members who give loans on a sympathetic basis, but not on hard facts.

A loan without collateral does not have to be the end of the road in any case, especially if the loan is either vital or a promising investment for the borrower. This is also where independent advisors or intermediaries, or sometimes a quick credit comparison, help to get the situation under control. Such a serious loan is not possible without collateral, but you can increase your creditworthiness in the long term by keeping your collateral stable and intact.

Unemployed people generally have a much harder time getting a loan than borrowers with a permanent job. Many providers check the Credit Bureaudaten and under no circumstances approve a loan with a negative Credit Bureau. Nevertheless, the unemployed also need a larger amount of money from time to time, which is why there are some providers who offer a cheap instant loan for unemployed people without Credit Bureau.

How is this loan applied for and what are the requirements?

The fastest way to find a suitable instant loan for unemployed people without a Credit Bureau is on the Internet. There are some providers there who also provide unemployed people with a loan and do not check the job data. Since in most cases unemployed borrowers do not have the normal collateral like a fixed income, other collateral has to be provided. A liquid guarantor is best suited for this, as it provides the necessary collateral for the

Immediate loan for unemployed people without a Credit Bureau If you have your own property or other valuable collateral, you can of course also provide this.

Benefits from such a loan

In the case of an instant loan for unemployed people without Credit Bureau, the providers do not check the creditworthiness and no new Credit Bureau entry is created. With sufficient security, the loan can be applied for quickly and conveniently online using an online application and is usually available a few days later.

For security reasons, the service of known intermediaries can also be used for such a loan. These take a lot of work off the borrower and create a cheap loan.

Conditions and services

The amount of interest and fees for an instant loan for unemployed people without Credit Bureau are in most cases only slightly above a loan with a Credit Bureau examination. For the unemployed, such a loan is of course the only legal way to increase the amount of money.

For this reason, an instant loan for unemployed people without Credit Bureau is the best, cheapest and most convenient way to finance or purchase. The current conditions and costs of various providers can be compared transparently on the Internet, so that a suitable instant loan for unemployed people without Credit Bureau can be found quickly.

Renovate your home with Social Institute 2017 funding

In addition to taking care of the pensions of its members, the Social Institute Public Employee Management provides loans on favorable terms to employees and pensioners of the public administration. Loans that are granted for various purposes, among which we find the Social Institute loans for home renovation.

Loans for home renovation are part of multi-year loans, one of the two types of loans formerly Government Agency. These are targeted loans, that is, related to the purchase of a particular good or service. Multi-year loans are granted only for certain needs that fall within the cases indicated in the Social Institute Loan Regulation.

Among the purposes envisaged by the Regulation, which establishes the characteristics of the Social Institute ex Government Agency long-term loans, there is precisely the renovation of the home.

The interventions that can be financed

For this loan, an interest rate of 3.5% and a maximum financeable sum of 100 thousand USD are envisaged. The repayment takes place with an amortization plan in monthly installments with a constant amount, which are deducted directly from the applicant’s salary or pension.

The Social Institute for home renovation loans are granted to finance works building renovation of the residence house, which works restoration, conservative renewal, extraordinary maintenance or building renovation. In any case, it is possible to finance only interventions carried out on the home.

Who can get them

But who can apply for Social Institute loans for home renovation? The loans are accessible to all public employees and pensioners registered in the unitary management of credit and social benefits, the credit fund through which Social Institute provides ex Government Agency loans.

For the granting of the loan it is necessary that the applicant can boast at least four years of service seniority useful to the pension and four years of contributory payments paid to the aforementioned Management.

Presentation of the application

Applications for Social Institute loans for home renovation must be drawn up on the specific application form, available in Pdf format on the official Social Institute website, in the Forms section (Home – Forms – Management of Public Employees – Registered/Retired – Credit and Social Benefits).

The loan request must be submitted within 12 months of the event for which the multi-year loan is requested. The loan is repaid with an amortization plan in monthly installments of a constant amount, directly deducted from the beneficiary’s salary or pension.

The documents to be attached

The application for funding must be submitted electronically, attaching to the above form a declaration drawn up by the construction manager certifying that the works are in progress. A document that certifies ownership of the property is also required.

The borrower must also produce:

• an estimate metric calculation issued by a construction company or by a person registered in a professional register;
• a self-certification of the family status;
• a start of work report (DIA) or alternatively a certified start of activity report (SCIA).

Restructuring loans for postal employees 2017

In addition to public employees and pensioners, postal employees also have access to Social Institute subsidized loans for restructuring. With the elimination of the Government Agency, Social Institute has also merged the former Ipost management, now known as the Italian Post Office Fund Management.

Loans dedicated to postal employees are divided into two categories: small loans and long-term loans. Management of the Italian Postal Fund. The latter allow access to rather high sums with which to face expenses of different nature.

The long-term loans have five-year or ten-year term and amortization schedule is monthly installments. The interest rate (Taeg) stands at 3.5%.

Who can get them

On the other hand, as regards the requirements to be met, only employees in service of postal and associated companies can benefit from the multi-year Ipost loans. In order to access credit, it is also necessary to be able to have at least four years of seniority in a tenured service.

The loans are also granted only to deal with one of the cases envisaged by the Social Institute ex Ipost Loan Regulations, among which we find various items attributable to the maintenance and renovation of the house.

When funding can be obtained

postal employees have the possibility of requesting a multi-year loan for works of particular relevance to the home (first or second home) or to a property not owned but which is co-resident with the cohabiting owner.

The sum that can be financed cannot exceed the amount of expenses incurred for the work carried out. Expenses that must be demonstrated and must have been incurred at least one year before the submission of the funding request.

Not only. Among the purposes envisaged for long-term loans we also find “normal repairs” or restoration work to be carried out on the first or second home. Also in this case, the financing is accessible both if the property in question is owned by the applicant and is co-resident with the owner.

Finally, we remind you that they can request a multi-year loan for repair or restoration works also from the employees of postal and associated companies who are owners of a rental contract.

How the refund takes place

In any case, Social Institute home renovation loans can have a ten-year or five-year duration. The reimbursement plan is in fact established by Social Institute when applying, based on the amount of expenses incurred or budgeted. However, the Taeg remains fixed at 3.5%.

For more information and to know all the documents to be attached to the loan application, please consult the Social Institute Loans Regulations ex Ipost, available on the official Social Institute portal.