We discover the loans of 5000 euros without payroll, with the necessary requirements to be able to receive them by contacting the main banks. So we will see which are the alternative guarantees that we will have to present at the time of the request and how to calculate a free online quote to know in a few clicks the repayment rate and the interest rates.
Loans of 5000 euros without payroll: requirements and guarantees
The aspect that most of all represents a problem when we are looking for the 5000 euro loan that is right for us concerns the necessary requirements to be able to request it. Each bank defines its own parameters to grant or not a loan, which primarily concerns the client’s personal data and then the income guarantees that these can provide to the company. In this sense the best guarantee is represented by the payslip, which can therefore be presented exclusively by employees. In the event that you find yourself in the situation of requesting a loan of 5,000 euros but you are without a payslip, several banks offer you the possibility of getting the money you need.
To apply for a 5000 euro loan without a payslip it is necessary to present alternative guarantees to the bank. The first solution is aimed at self-employed workers. This category of customers does not have the possibility to guarantee a fixed income every month, however through the presentation of the last income declaration the customer can demonstrate to have good earnings and therefore to be reliable. In this case the income tax return will be evaluated by an expert who will be able to define the maximum installment that can be dealt with by the client and consequently a positive or negative outcome will be given to the loan request. In the case of loans of 5,000 euros, although there are no paychecks, there are usually no particular problems as the amount requested is not very high and consequently the repayment installments will not be particularly high.
Those who do not have the possibility to present any income guarantee are the unemployed. Despite this, even in this case several companies provide a financing option without a payslip specifically designed for this category of customers. The alternative guarantee to the payslip that can be presented at the time of requesting a loan of 5,000 euros is the signature of a guarantor. So when we go to the branch to request our loan we will have to present a person who can provide the income guarantees required for us. Therefore it is necessary that our guarantor is an employee, a pensioner or a self-employed person.
In fact it will be as if the loan were paid to our guarantor, while the beneficiaries of the 5000 euro loan will be only us. Therefore, based on the repayment plan agreed upon when the contract was stipulated, we will have to pay the installments we have fixed every month. In the event that we are not able to make payments by the due date, the guarantor will be in charge of the expense. This is why the loan without payroll is the best solution for all the unemployed, who will get the same treatment as employees and retirees.
Loan without payroll Bank from 5000 euros: online quote
The first company to which you can turn to get a loan without a € 5,000 paycheck is Bank. The type of loan is that of personal loan, which, as shown on the company’s website, can be requested by presenting a guarantor. Bank offers its customers and any visitor to the website the opportunity to make a free online quote to immediately know the characteristics of the loan. All we have to do is specify the project we intend to carry out and the amount we need. To provide you with a vision of what the economic treatment offered by Bank is, we used the simulator to find out the features of the Bank loans for 5000 euros to cover the costs of a vacation.
The first financing option proposed to us is the one that provides the lightest installment of all. In this case the duration will be 48 months, with repayment installments of 120.80 euros and interest rates Tan 7.45% and Taeg 7.71%. This solution is the best if you are looking for financing with light installments, in order to pay them without problems. In this case, however, the interest-related cost is higher than the options with fewer installments. For example, an excellent solution that is always presented to us by the simulator is the one with a duration of 24 months. In the Bank loan estimate with repayment in 2 years we find a repayment installment of 224.90 euros, with interest rates Tan 7.45% and Taeg 7.71%.
Simulation of the Bank loan of 5 thousand euros with installment calculation
Another company that offers excellent financing options from 5000 euros without payroll is Bank. This financial is undoubtedly among the best to turn to for a personal loan even if you are not an employee. The alternative guarantee to be presented is always the same, namely the signature of a guarantor. If you want to apply for this form of financing, even in this case we advise you to proceed with the online simulation of the 5000 euro loan. In this case, just enter the desired amount and the simulator will present you with all the solutions offered by the company.
One of the characteristics that determine the great success of the personal loans Bank is the flexibility regarding the duration. In this case it is in fact possible to choose to repay even in 120 installments even for a small loan of 5000 euros. The monthly installments will be only 58.40 euros, while the Tan interest rates 6.91% and Taeg 8.33%. Since the amount is quite low, our advice is to limit the repayment duration as much as possible. So for example you can choose to repay in 36 installments of 151.20 euros, with interest rates Tan 4.94% and Taeg 6.96%, or even in 24 installments of 221.40 euros, with Tan 4.94% and Taeg 7.39%.
Loans without payroll Private Bank of 5000 euros: free online quote
The last company, but not in order of importance, to which we advise you to contact if you are looking for a loan of 5000 euros is Private Bank. The characteristics of the loan are very similar to those we have seen for other credit institutions. To identify the most cost-effective loan without payroll, we recommend comparing the estimates of various banks and financial institutions. For this reason we have calculated the free online quote by connecting to the Private Bank website. In this case the duration goes from a minimum of 24 months up to a maximum of 84 months.
As we have also done for the loans offered by other credit institutions, also in this case, first of all, let’s see what are the characteristics of the loan that provides the lightest installment of all. In this case it obviously corresponds to the duration of 84 months. The monthly repayment installments will be from 84.40 euros, while Tan interest rates 9.90% and Taeg 11.59%. The ideal duration obviously depends on the economic availability of the applicant, however, as we have often said, it is preferable to choose the lowest possible duration, among those that are obviously affordable. In this case the minimum duration may also be advisable, considering that it is equal to 2 years and therefore not too low. However, the repayment installment seems to be affordable, since it is a question of paying € 235.10 every month. As for the annual interest rates, these will be slightly higher than in the case seen above, since we will have a 9.90% Tan and a 13.33% Taeg, however overall the amount we will pay for interest will be much lower.