Not large sums and short deadlines: these could be the characteristics of a small loan. Often requesting funding involves complex procedures, such as guarantees to be presented and acceptance times. When we talk about small amounts, however, such as loans of 1000 euros, the lenders offer the possibility of providing money quickly and without particular restrictions.
How does it work
The loan of 1000 euros has features that make it an instrument accessible to many, useful and flexible. The most important aspect concerns the possibility of obtaining a personal loan without the need to provide guarantees that are too burdensome for the debtor.
In a traditional loan, very high, in fact, the checks that are carried out by the credit institution before granting the loan are very stringent. And this is necessary to avoid unnecessary risks of insolvency.
Other features, certainly positive of a loan of 1000 euros, are the ease of access and the short time of delivery of the sum requested. From the time the application is submitted to the actual acceptance of the loan, the wait is very minimal. The information you need to provide is:
- the amount you wish to request;
- in how many months you intend to repay it;
- what are the monthly income you receive.
The guarantees required
The guarantees relating to the loan of 1000 euro usually refer to the verification of the income of the applicant. Therefore, reference is not made to the client’s financial situation, but simply to his ability to hold an income that allows him to repay the loans he has received.
For this reason, in order to access a small loan, it is sufficient to provide only your own paycheck. In the case of self-employed workers, on the other hand, the single model of the tax return can be requested, which allows the financial company to verify that the entity is really able to repay the loan.
Who can request it
Any worker or pensioner can get financing from 1000 euros. Loans can be issued by transfer to the applicant’s account or by cashier’s check with home delivery. The requirements you must have for requesting a small personal loan are:
- between the ages of 18 and 70;
- a payable income;
- residence in Italy;
- possess a current account at a bank.