What are small loans
Small loans are part of the series of non-finalized loans which allow you not to justify the reason for the loan contrary to the finalized ones. An editorial over at ictiq.com Visit http://www.iesjoaquinaraujo.org/search-for-cash-here-is-it/ for a summary
From a bureaucratic point of view, this solution will guarantee you many advantages, first of all the possibility of accessing small sums without major difficulties.
Another benefit to be underlined is the ease of the access procedure. The required documentation is as follows:
- Identity document;
- Fiscal Code;
- Pay slip;
It is also possible to send an email with the relative documentation to make the times as fast as possible.
Small loans: types and to whom it is addressed
You will be able to receive small sums of money ranging from 1,000 to 10,000 USD. Below we will give you all the information about the different categories of small loans.
- Revolving cards: revolving cards are those that allow you to pay expenses every month and in multiple installments. They give you the advantage of easily accessing credit without giving guarantees; the disadvantage is instead linked to management costs and high interest.
- Loan changed: It is a suitable solution for bad payers, because in the event of non-repayment of the installments, the institution that grants the loan will seize the debtor’s assets.
- Transfer of the fifth of the salary: another form of small loan can take place through the employer who will treat a part of your salary (as long as it does not exceed 20%).
This formula can similarly be requested by a pensioner. In this case, Social Institute will retain part of the pension.
The possibility is also given to a merchant / shopkeeper to request small amounts of money in order to buy a house, an asset, a television or any other object that can be used inside the shop or shopping center.
In this case it will not be paid directly to the current account but you will have the possibility to defer the payment of the asset.
How long can you request?
The granting of the small loan varies according to who grants it, of the types of financing of which different amounts exist.
In case of finalized purchases or revolving cards, often the maximum amount that can be requested is 10,000 USD.
Slightly different situation for the loan through Inpdap which will be entirely related to the duration of the contract and the salary.
For small annual loans it is likely that you will be required to pay your salary or pension monthly, in the case of two-year loans up to two months, for three-year loans up to 3 months.
For four-year loans they will ask you for up to 4 monthly salary or pension.
How to get a small loan?
To receive a small payday loan, the easiest and fastest procedure is undoubtedly the online one.
By comparing the prices you can find the most advantageous and convenient offer, then go ahead.
If you are not among the bad payers or protested, just send the necessary documentation.
- Identity card;
- Fiscal Code;
- Documents that attest to your ability to guarantee credit repayment.
With regard to the latter document, you can present the paycheck and the CUD model.
For Inpdap loans the situation is slightly different in that you must meet the following requirements:
- Registration in the unitary management of credit and social benefits;
- Having paid the contributions of the institution;
- Be aged between 18 and 70;
- Having residence on Italian territory.
If you respond positively to these requirements, you can go to the Social Institute closest to your home and request the documentation for this type of loan.
Similar items for you: Loans without paychecks / Loans for unemployed / I need money now: urgent loans
Where to apply for a small loan
Are you wondering where to apply for a small loan? Here is a short list with the necessary details:
Small Loans On Line
- Capital Lender: this system is to be carried out through the web portal, it is very advantageous from an economic point of view because it does not involve accessory costs, and the rates are cheaper.
- Across Lender: also in this case the procedure is very fast thanks to the online, there are no preliminary and management costs, and it is possible to request up to 10,000 USD.
- American Express: it is a revolving card and gives you the opportunity to choose whether to pay in installments or on balance, in addition there is an interesting point collection with a final prize.
- Special Cash Postepay of Post service Italy: thanks to this system you can get up to 15,000 USD which in turn will be credited to you either on PostePay or on the Credit Express Mini of Spin Lender, for maximum amounts up to 3,000 USD.
Small loans in one hour maximum
It often happens that for emergencies you need a small loan in the shortest possible time. Asking for friends and relatives as often happens is not so comforting.
Fortunately, today there are some financial companies that manage to provide the loan even in an hour. Let’s see which you can turn to for this service:
- Best bank: it grants quick loans in one hour only to employees and who consequently have CUD, paycheck and the salary certificate signed by their employer. Persomme too high compared to your income you need a guarantor, the requested amount can be paid by bank transfer or cashier’s check. The maximum amount that you can request from Best bank is $ 50,000 repayable from 12 to 120 months (fixed installment and rate) until the relationship between you and the lender ends.
- Cream bank: even with this method you have to get all the necessary documentation such as CUD, paycheck and other personal. It guarantees up to $ 5,000 repayable in installments of $ 38 and up, it is feasible through a call center or even online.
- Infra bank: it also guarantees fast loans in one hour and you can ask for $ 50,000 to be repaid in a maximum of 120 monthly installments. In this case, the documentation to be submitted will be a valid identity document, the latest paycheck, the tax code, the CUD and a utility bill. The positive result is communicated in an hour while the loan takes a little longer. To minimize the timing it would be preferable to have all the correct documentation and an income that is equal to or higher than the amount you requested.
Small loans for protesters
If you are part of the protests or if you are a bad payer who receives the paycheck, you can easily request the transfer of the fifth of the salary.
Otherwise you need a guarantor. Obviously it is good to distinguish between small and large loans. A reduced or below 5 thousand USD loan is more likely to be disbursed quickly and even without the presence of a guarantor.