What exactly is a personal loan?
Personal loans are a type of loan that is personal loan is non-specific finance that falls under the consumer category of credit. It is a type of loan that does not require a statement of the purpose of the expenditure prior to application, and that allows that is, liquidity to meet your general needs.It is possible to apply for a mortgage for your home, a motorbike loan, or a loan to purchase a brand new car for renovations to an existing property, or buy furniture or Same Day Loan Alternatives?
What documents do you need to be submitted for personal loans in Italy?
To submit a request for personal loan quotes, you must reside in Italy and must be between the ages of 18 to 70 years old. The loan is approved upon an examination of the financial situation as well as the credit background of the applicant. In the case of individual loans, the applicant’s capacity to pay back is evaluated, taking into consideration the expected monthly payments.
Therefore one of the documents needed in order to apply for credit We will be able to find:
- Economic and fiscal documentation that attests to the applicant’s job and earnings,
- A valid identity document
- The tax code.
It is crucial to prioritize loan offers in accordance with their professional field There are distinct offers for public servants or government employees as well as private employees. However, there are loans for retired military personnel, INPS or INPDAP professionals, self-employed and professionals.
Personal loans in Italy
The personal loans offered made by Italian banks differ based on the kind of finance required: to choose the best loan offer, you need to be attentive to two aspects:
- Loan duration
- Rates for loans offered by the credit institution (TAN and APR)
- Additional costs (initial investigations expenses, costs to collect and manage the installment, notifying and closing charges, and stamp duties)
- Ancillary charges are an additional element of savings that can make one loan deal more affordable than another, regardless of how much the installment is.
What is the cost of a personal loan cost?
The price of personal loans comprises the cost of the installment and the amount of the expense items including rates associated with personal loans like APR (Annual Percentage Rate) and TAN as well as accessory fees and the initial costs (if there are any).
Additional charges associated with the management of the loan are the cost of preliminary investigations as well as the cost of taking care of and managing the installment, notifying and closing the file as well as stamp duty, and the expense of any form of protection.
Here’s an illustration of the personal loan for the amount of 6,000 euros.
- The monthly installment is 140.91 euros
- Fixed TAN: 6.00%.
- Amount disbursed: 6,000 euros
- Amount due: 6,786 euros
- Time 4 years
