Payday loans, how to apply for them

Payday loans, how to apply for them


We are more and more avant-garde in the Payday loans sector, also proposing Payday loans without paychecks that meet the needs of many Italians, who in some cases have difficulty accessing credit due to atypical employment contracts.

Even in the case of , the definition of a Payday loan without a paycheck should not be misleading: it does not mean that you can access it indiscriminately and without a more or less regular pay, but simply that the paycheck can be replaced by another type of documentation showing the income, the pension slip.

This measure meets the needs of atypical workers with project contracts, collaboration contracts, seasonal contracts, freelance professionals or workers in layoffs.
So we see the characteristics of payday Payday loan, who can access it and in what way, what guarantees are required, how much is paid out and what are the conditions and the timing for the reimbursement of the sum disbursed.

Payday loan amount paid

Payday Payday loan allows even a typical workers to access a Payday loan from € 3,000 to € 30,000, sufficient to face an unexpected expense, which can be repaid in monthly installments over a period of time ranging from 12 to 84 months, equal to 7 years.
In case of approval of funding without payroll, the entire requested amount is credited according to different methods:

  • for amounts up to 10,000 euros, it is paid in cash at the post office counter or is credited to the bank account
  • the amount requested is credited directly to the Current Account of the holders of this current account
  • the sum requested can be paid on the card, without the need to open a current account
  • by crediting the bank account of other credit institutions

The repayment of the monthly installments, which include the principal and interest, can also be made by debiting the Current Account, Card, Bank Account or by paying postal bills. With regard to the Payday loan recovery plan, and consequently the amount of the monthly payment, this is decided based on the needs and the financial resources of the applicant. Before choosing this type of financing you can still request a quote to check the sustainability of the monthly payment on the basis of the required capital.

Payday loan without paycheck: the required documents

Who can apply for payday Payday loan ? This type of financing is aimed at all workers, even those without a demonstrable income but, as already mentioned, not for those who do not have a more or less regular income.
The documents to be presented at the time the Payday loan is requested are:

  • a valid identity document
  • a certificate of income certifying the presence of a fixed income produced in Italy or a pension
  • health insurance card

To apply for funding it is sufficient to go to a Post Office and present all the documentation, which will be examined in general, around ten working days. In some cases additional documentation may be required.

Payday loans without paychecks: the Payday loan

For Card holders who need a small amount of money, provides the Payday loan.
This type of financing without payroll offers up to a maximum of 3,000 euros, which can be used freely, without having to justify in any way the expenses made.
There are three bands of amounts: up to 1,000 euros, 1,000 to 2,000 euros and 2,000 to 3,000 euros; the repayment term, on the other hand, is unique and is set at 22 months.

Payday loan: the documents to be submitted

To request the Payday loan, simply go to the nearest Post Office and present the following documents at the counter:

  • a valid identity document
  • the health card
  • a document showing the income

Foreign citizens must also present:

  • the passport, in addition to the presented identity document
  • the residence permit or valid residence permit
  • for employees, a document certifying residency in Italy for at least 12 months
  • for self-employed workers, a document certifying that you have resided in Italy for a minimum of 36 months
  • documentation certifying that the Payday loan applicant has been working continuously for at least 12 months with the same employer

In some cases, in addition to the listed documentation, additional documents may be requested. There are also age restrictions to be able to access this type of funding: they can in fact request people aged between 18 and 70 at the time of the request.

Payday loan: how it works

The entire sum requested with the Payday loan, also granted without a paycheck, is provided in a single solution and made available on the card of the applicant, who will be able to use it without restrictions and without the need to present expense documentation.
The Payday loan, of 3,000 euros maximum, will be repaid in fixed monthly installments debited directly on the card or on the Postal Current Account of the applicant.

Payday Loan delivery: How much time does the money receive?

Payday Loan delivery: How much time does the money receive?

A very important aspect when evaluating a payday loan is that of disbursement times. Let’s see how long we can receive the money we need if we choose the payday loan. Finally, the opinions of users and some useful tips that will allow you to minimize the time of disbursement of your funding.

If you are looking for a loan of any kind, among all the best solutions there is certainly the payday loan.

There are several advantages of this type of financing, both as regards the interest rates applied and for the various additional services that are offered to the customer, such as the possibility of modifying the installment or skipping it to pay later. Among the aspects that are most taken into consideration when choosing the ideal product are the delivery times. Very often in fact we find ourselves in the situation of having a certain urgency in receiving the money we need. For example, if we have to face an unexpected expense like that for the mechanic in case of machine breakdown, or for medical treatment for which we can not wait too long.

For this reason the definition of fast personal payday loans was born over the years. Are the payday loans part of this category of payday loans? As always, to know the characteristics of this product, it is useful to visit the company’s website, where all useful information is presented. Among these there are obviously the indications regarding the delivery times. In this sense there is certainly good news for all those interested in receiving funding. In fact, the financial website highlights how, thanks to this product, you can receive the amount of money we need even in the day. The methods of delivery provide for a credit by bank transfer to the current account in the name of the customer who submitted the request. Alternatively there is the possibility to choose the payment by check. Therefore based on our needs we can choose the mode of delivery that we prefer.

It should be stressed that, however, that relating to the time of disbursement of the payday loan is only an estimate indicative of how long it may take to have available the amount requested. There are several factors that can determine the timing of payday loan disbursement. Obviously the delivery in the day occurs if there are no hitches in the procedure for applying for the payday loan. In particular, the applicant must first of all be reliable, that is, not be defined as a bad payer. In fact, very often the delivery times are lengthened by the need for the bank to carry out all the necessary checks regarding the customer’s profile. For this reason, all those who are already customers and therefore have already been evaluated are benefiting from this point of view.

Waiting times and useful tips to reduce them

What we have just said about payday loans is only what is reported on the official website of the company. Are the short delivery times and even the one-day delivery confirmed by the customers on the main published opinions on the sector forums? Based on our research we can state that customers consider themselves fully satisfied from this point of view. In fact, in most cases the estimated time on the company’s website is actually respected. Obviously there are also those who complain because instead found themselves in the situation of having to wait a few more days before having available the amount of money desired. However, this is probably the case that we have already considered previously, namely those customers who have had problems with their funding request. So we can not say with certainty how long it takes to receive a payday loan as well as any other form of financing. However, some tips may be useful to minimize the time of disbursement of your payday loan.

In particular, the probably most useful advice to minimize the time of disbursement of the payday loan to which you are interested is to know all the documentation necessary to make the request. Very often it happens that after having set an appointment at the branch and after having had a meeting with a consultant, it is necessary to fix a second appointment. The reason is very simple: often in the first meeting we do not have all the necessary documents to present the request for funding. In this sense, our advice is first and foremost to carefully read all the useful information we can find on the website. It can also be very useful to contact the toll-free number, through which you will have the opportunity to speak with an operator ready to give you all the information you need. Moreover, the advantage of having a telephone contact with the company is that of being able to request specific information regarding their situation and therefore to any additional documentation based on the client’s profile.

Moreover, another factor that could allow you to immediately receive the amount you need is to have clear ideas about the solution that’s right for you. In this sense, our advice is to use the online simulator that you find on the website and that can also be used without registering on the site. As always, just enter the amount you need and choose the duration you prefer from those available to know the amount of each monthly payment and the interest rates applied Tan and Taeg. In this way you can compare different solutions and easily find the one that’s right for you. Going to the branch afterwards with clear ideas regarding the amount to be requested and the duration of the payday loan you can immediately proceed with the request. These simple tips can therefore help you to facilitate the payment of the payday loan in the day or in any case in an extremely short time.