Without a payroll, is it possible to get a loan without a guarantee?
Yes. As long as we have alternative income that is justifiable, lengthened in time and newspapers, there will be no problem to obtain loans without endorsement and without payroll. Depending on the amount of income we receive, the types of loans without endorsement or payroll or properties that we can access will depend.
In the case of the self-employed, they will be able to obtain any type of credit to finance large projects, solve unforeseen problems or contract a line of credit.
If we are pensioners, we can also access any type of loans without endorsement and without payroll. However, we must take into account the maximum age until which we can hire them. Many entities set at 65 the maximum age to obtain consumer loans.
If we are unemployed and receive an unemployment benefit, in this case, obtaining unsecured loans without a large payroll will be more complicated, as banking entities demand job stability as a requirement to grant financing.
Likewise, it will depend on the personal situation of each individual. According to your income and the amount you request, the application will be approved or not.
When will they demand an endorsement to ask for a credit without a payroll?
The guarantee will act as a guarantee of payment of a loan, that is, when the owner has a sufficiently good profile to be granted financing, but without having the full security of reimbursement for any factor that causes instability.
When the amount we request is not consistent with the income we receive
We are young or have no seniority
We do not have savings to pay part of the financed project
We have a temporary contract shorter than the duration of the loan repayment
We receive an unemployment benefit for a period shorter than the term of repayment of the credit
We are new clients in the entity and the bank does not know us