The personal loan for foreigners is the financing solution created specifically to meet the economic needs of this category of workers who are increasingly operating in our Italian territory by carrying out a regular payroll and residence permit, the only documents required to access this type of consumer credit.
The personal loan for foreigners allows all non-EU citizens to request a loan with a maximum amount of capital and monthly installments in proportion to the sustainability of their remuneration in the same way that even an Italian citizen has access to the different types of personal financing. In addition, this type of loan is part of the non-finalized loan category to request which there is no need to produce supporting documents on the destination of the disbursed capital.
The personal loan for foreign workers: CHARACTERISTICS
In the field of personal loans for foreigners there are numerous financial products designed for the category of non-EU workers that take into account the particular needs of this type of customer. It is possible, for example, that a foreign worker does not hold a postal current account, so the provision of a loan of this type is made and reimbursed through postal bills.
Furthermore, the requirements for access to consumer credit are different from those required for other categories of workers: non-EU workers can request this type of financing if they have a regular paycheck with a reduced annual income and access to an amortization plan with lower repayment installments but up to 120 months , or 10 years.
Precisely because the amortization plan of the financed capital has a maximum duration of 10 years the maximum payable capital is also a figure that is around sustainable amount in the employee’s remuneration to reduce the risk of insolvency as much as possible: the personal loan for foreigners generally provide, through an estimate of the proposals on the web, from 2,500 to 40,000 euros , an amount calculated based on the monthly salary and the guarantees shown.
The personal loan for foreign workers: FACILITIES
Financial products for non-EU workers are available at numerous bank agencies and are characterized by the benefits on the amortization plan of the financed capital , the interest rate, the maximum amount payable. To better understand it also observes the following scheme in which the characteristics of this type of personal loan are listed in detail:
- fixed interest rate;
- fixed amount of the installment;
- amortization plan up to 120 months (10 years)
- maximum capital payable from 2,500 to 40,000 euros;
- reduction of preliminary and management fees for the opening of the loan.
The personal loan for foreign workers: REQUIREMENTS
The personal loan for foreign workers has ease of access by this category of workers precisely because it is created specifically for this category and according to its own needs and problems. This does not mean that there are no criteria to be respected in obtaining the loan and the requirements to have for access to credit. In general, the foreign worker who intends to apply for a personal loan for foreigners must possess:
- regular paycheck (demonstrable income);
- be resident in Italy for at least 2 years;
- residence permit or renewal certification;
- guarantor or guarantor (only in case of insolvency risk).