It is possible to request a personal loan, an unfinished credit line that can be used for any expense, even if they are young, without pay or unemployed. Among the most frequently used solutions are loans without pay, such as Youth Loans, or the signature of a guarantor with demonstrable income.
Here’s how to get a loan without a paycheck.
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Generally, most banks and financial institutions require proof of an income for a personal loan to prove that the applicant will be able to repay all the loan installments, usually by presenting a paycheck, pension or Cud, as proof of the perception of a fixed income.
Nevertheless, some banks provide users with various solutions designed for those who are not in possession of a pay slip or pension, and for this reason do not have a demonstrable income.
In Italy the unpaid are mainly young people, unemployed or precarious, with temporary work contracts or occasional collaboration. This type of contract does not serve the purpose of demonstrating the income necessary for the provision of a loan.
However, a young person without a pay slip can still obtain a loan in two circumstances: the first, requiring a small sum (maximum 6,000 euros) and presenting the signature of a guarantor in possession of a demonstrable income, which are often the parents or another relative.
If you cannot count on the signature of a guarantor, there is a second option: request a ” Young Loan “. This is a type of financing that usually allows young people between the ages of 18 and 35 to obtain a loan of less than 6,000 euros even without a pay slip or a provable income document.
This personal loan is exclusive for young people and was established by the Ministry of Youth Policies through the use of a credit fund created specifically for this social category, and can be requested to meet the expenses arising from the studies.
In addition to returning to the aforementioned age, it is necessary to be a university student or a graduate student, resident in Italy and in preparation for attending a master’s degree; there is no need for a guarantor’s signature as the guarantee is provided by the ministerial fund.
To request it, you need to contact any partner bank and apply.
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