Many of us have many projects in mind: those who want to buy a house, those who want a car, those who want to study abroad and unfortunately dreams are not so fast and easy to achieve, especially as regards the economic aspect. Often, these projects require a substantial sum or in any case, especially in this period, not easy to deal with.
There are even those who struggle to make ends meet even without having big plans in mind. Meanwhile, let’s start by saying that the bodies that provide the loan are the credit institutions or the banks.
Loan is consumer credit
A loan is consumer credit, as is a credit card, for example, and there are various types of loans that are best known.
These reasons cause several people to think about taking out a loan. It is, therefore, useful to know how to move and to know what the requirements for a loan are in case you decide to resort to this to face huge expenses that we would otherwise not be able to bear.
We have the:
– finalized loan, which can be requested directly from the company or entity and which is disbursed through a current account in a single solution or in installments;
– personal loan, which is the solution that almost everyone prefers because its disbursement does not depend on a purchase. The personal loan concerns a fixed installment amount.
– transfer of the fifth, which instead regards the compensation of the debt through the payroll deductions.
Requirements for a loan
Having mentioned the types, you can now move on to the requirements for a loan, that is, everything you need to apply for it and to know how to repay the debt.
What are the requirements for a loan
Each type of loan described above has specific requirements to be respected, even if there are some basic ones that are the same for everyone, namely:
– minimum age and a maximum age (18-70 years)
– the guarantee of an income
– have a checking account
– be a resident in Italy.
Types of loans
These requirements for a loan are the minimum required, are the same for all types of loans and are essential for making the request. Furthermore, each credit institution has policies that it will evaluate on the basis of the individual applicant. In fact, they will ensure that the customer is not discovered or is not a debtor in red or that he has creditworthiness.
This information is evaluated by the Bank or the Institute, through specific statistics certified by the GFIC list. In the event that the applicant proves to have problems and therefore is registered in the GFIC, it will still be possible for him to request the grant of the fifth, or he can propose guarantees of the employer in case he was an employee or of the INPS in the case of pensioners, to be able to receive a loan even in the event of bad credit conduct.
However, it must be remembered that, in this case, the costs and fees are greater than any other loan. As we have already said, there are requirements for a loan common to each type, but each Institute can request additional documents or additional guarantees that are not only those defined as “real”, as in the case of a mortgage on the house but concern instead the presence of a guarantor who can take responsibility for paying the debt instead of the applicant, if necessary.
Another guarantee may be the various life insurance policies or the lifetime loan.