Fast Loans Without Warranties: How They Work and What to Do to Get them

If you need to get fast financing to deal with a sudden expense or simply to make purchases but you are not a salaried employee and you can not offer guarantees, you can still get a loan in a short time . Credit institutions in order to be able to provide loans to those who can not offer guarantees such as students, young people, unemployed, self-employed or self-employed have provided for specific forms of micro credit.

Fast loans without guarantees

Fast loans without guarantees

Many people think they can not get a loan if there are no specific guarantees, but even for those who are not in possession of a paycheck can get a loan within 24-48 hours. Unlike traditional loans, these loans provide small sums of money , generally a maximum amount of € 5,000 . Fast loans are also defined as personal, since it is not necessary to specify for which purchase the need to immediately obtain liquidity is required.

It should be noted that in order to obtain a fast loan without guarantees, it is necessary to demonstrate that we are not a bad payer and that we have not immediately protested . Fast loans are mainly dedicated to the unemployed, unemployed, housewives, students, self-employed and seasonal workers who can not access the classic forms of credit.

What to do to get a loan quickly

What to do to get a loan quickly

In order to request them, you must complete and sign a form where, in addition to personal data, you must enter the desired amount and assume a repayment plan . After sending the request for financing the bank or financial company verifies that the applicant has no protest in progress, there is no reporting as a bad payer and there is no risk of over-indebtedness.

If the bank gives a positive opinion, the loan is disbursed within 24-48 hours and at the same time a repayment plan is drawn up for the sum financed. In recent years the demand for fast online loans has increased, in fact this method makes it easier to obtain liquidity in a short time even without providing guarantees and in some cases it is possible to obtain fast loans within 24 hours for all the categories that they do not have a demonstrable income.

Alternative guarantees

Alternative guarantees

If you need a substantial sum of money but you can not prove you have a fixed income, the lenders expect that the applicant can provide alternative guarantees or take out a loan that has been changed . For example, if a housewife needs to renovate her home and needs at least € 30,000 to be able to obtain financing, a guarantor must be found with demonstrable income (spouse, parent, friend) who pledges to repay the money in the event of insolvency.

Alternatively, the guarantor may provide mortgage or foreclosure guarantees on the registered real estate or movable property. If you do not want to rely on a guarantor and you do not own a registered property or property to obtain a fast loan that exceeds the amount of € 5,000 you must sign a loan that has been changed: fixed rate loans and constant installments that require the signing of bills that become an enforceable title if the applicant does not return the money.