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.