Are you a housewife with dreams in your drawer but you still lack the liquidity to make them happen? Would you like to ask for a loan but you don’t know how to do it? Great, this is the guide for you.
Here you can find out what loans for housewives are and how they work. There are well-established procedures for accessing this type of loan, but it is not impossible to succeed. Come and find out why.
Loans for housewives: how do they work?
The loan for housewives is in itself a somewhat atypical definition. Indeed, it seems impossible to access loans without a demonstrable income or a fixed income.
However this particular financing solution exists and is available to all housewives, even if they do not have a demonstrable form of income or a paycheck.
The minimum prerequisite is to have a small fixed income that comes also from a small business without an important turnover.
So it is clear that loans for housewives are to all intents and purposes within the group of loans without payroll, because they are reserved for a category of people outside the canonical world of work.
Many banks and lenders realized that there was a market share that they were not drawing on. It was precisely that of housewives that was completely excluded from the world of loans.
Since the funding bodies opened up to small loans for atypical workers, a huge number of housewives have applied for this type of loan and have now become the order of the day.
Housewives ask for loans to face sudden expenses or to carry out small projects, or even simply to meet family expenses, even if still present.
But what are the requirements to get a loan as a housewife? How can I apply?
The requirements to apply for the loan
If you are a housewife and you are without a pay slip you still have the option to apply for a loan. As always, to receive credit, the fundamental requirement is to have some form of income.
This category includes all loans without payroll, or those for atypical workers who still have some form of income even if not certified or demonstrable.
Anyone with a way to prove that they can repay the loan will still have easy access to the loan. If you want to get a loan then don’t be discouraged even if you are a housewife.
- First you need to look for the type of financing that best suits your needs, but also the most convenient form. You have to evaluate well the various credit institutions that offer this opportunity.
- The second step is to present all the documentation requested by the bank and follow the standard procedures for collecting the loan, then the bank will decide whether to provide the money for you or not.
Here is a list of documents that can be requested by any body that can provide loans without payroll:
- Valid ID card
- Certification of a fixed income (even a small part-time job)
- Some monthly credit on the current account
- A lease (houses or buildings for rent)
- A property that you can mortgage
- The indication of a guarantor
Once all the above documentation has been provided, you will have to wait a certain period of time for the bank to examine its own practice, usually about 10 days.
In the event that the bank approves the request then it will be possible to obtain the requested amount, in general for housewives are not easily granted figures above 3000 euros. The higher the guarantees, the higher the amount that can be requested.
Loan with Guarantor
One of the simplest and most immediate solutions for obtaining credit is to proceed with the request by means of a guarantor. The guarantor is the person who can guarantee the repayment of the amount in case of any problems or impediments.
If a guarantor is placed, it is clear that the bank will also investigate its financial situation to verify that it is a reliable entity. For example the employment contract is checked, what kind of employee is he / she has mortgages etc…
To choose a guarantor, the purpose of the loan must be assessed. If the sum is for personal needs, the guarantor can be a neighbor. It is always better if the guarantor has no other financing at his expense.
If, on the other hand, the loan serves family needs, the guarantor must be a third party, or other guarantees must be offered to the bank.
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