Documents needed to apply for a personal payday loan
What documents are needed to access a personal payday loan? The documentation may vary depending on the bank or financial institution to which you turn even if, generally, there are some documents that each institution tends to ask because they are indispensable both to assess the feasibility of the request and to begin instructing the practice.
It may happen that everyone needs a loan to pay for some expenses, such as the purchase of a new car, the renovation of a property, a trip or any other need. The simplest solution, in these cases, is represented by personal payday loan.
This type of financing, however, differs from the finalized loan in that it is not tied to the purchase of a specific asset. This means that the beneficiary has the possibility to use the credit freely. The repayment takes place through an installment amortization plan, with a fixed monthly rate.
Who can request it?
All the subjects who live in Italy and are aged between 18 and 70 (for some banks even up to 75 years) with a demonstrable monthly income. This loan is different from the transfer of the fifth, an advantageous loan that can only be granted to certain categories of people. For example, personal payday loans can also be requested by a self-employed worker.
In order to have higher hopes of obtaining the financing, it is essential not to be registered in the register of bad payers and to be able to demonstrate that you have the possibility to repay the loan. Personal payday loan practices generally do not require very long timescales, as long as the applicant is able to provide the required documentation in a short time.
There are some personal documents that are always requested, regardless of the applicant’s profile. The only variable, in this case, is represented by the nationality of the applicant.
Citizens of Italian nationality are required to send the identity card or driving license and the tax code to the provider.
Citizens of the European Union
Non-Italian citizens but belonging to an EU country must present an identity card and certificate of residence.
For the purpose of accessing a personal payday loan, the indispensable document to possess is the residence permit.
A borrower is required to show income documents to the bank which vary slightly depending on the profile of the applicant.
For employees, the last or last two payslips and, in some cases, the CUD are required.
Freelancers with VAT number must submit the latest tax return, also known as the Single Model, and the F24 form which demonstrates the regularity of payments.
The last or last two payslips of the OBIS M pension or model provided by the social security institution.