Apply for personal loans with CUD is an option for all those who do not fall into the category of permanent employees, and who instead of the last two paychecks can therefore attach this certification of income to the application for funding. in addition to the tax code and the identity document, for the purposes of the assessment of the bank. Therefore we can say that personal loans with CUD are open to freelancers and self-employed, which in case of a good income can also avoid having to resort to additional guarantees to get the long-awaited green light to disbursement: in detail we will see how These loans are characterized by CUD and what are the ways to circumvent the possible limitations deriving from the absence of paychecks.
- What is the CUD
- Personal loans with CUD and without paychecks
- Are these loans convenient?
- Can the CUD alone be enough for bad payers?
- In extreme cases, use the guaranty
- And if you do not have guarantors? The loan is changed and that between individuals
What is the CUD
First of all, we clarify what is this document attesting income: the CUD is the official document that certifies the income received by the employee, pensioner or self-employed in the fiscal year taken into consideration: this model is delivered by employers, substitutes of tax, pension institutions and work commissioners to the worker or pensioner so that he can subsequently fill out his tax return. Credit institutions and financial companies
they generally favor the presence of the last two paychecks to provide funding, but in the case of subjects that do not fall within the specific case of employees, the Unico model or the CUD, which are notoriously known as loans without an envelope, can also be used. pay .
Personal loans with CUD and without paychecks
To sum up, for self-employed workers and self-employed professionals it is possible to apply for personal loans with CUD or with the Unico model to be presented as a guarantee instead of paychecks, provided that the income received proves to be sufficient as a guarantee for the requested amount. credit institution or finance company finds this certification to be insufficient, and therefore requires further guarantees, such as for example
real estate on which to put a mortgage , or a third party guarantor as guarantor , especially if the amount requested is of a high amount. Vice versa for small loans and fast loans, two financing formulas designed specifically for those who need small amounts with a certain urgency, the CUD alone could be sufficient along with the tax code and identity document attached to the application for funding to obtain the free way on the part of the bank to supply.
Are these loans convenient?
Are personal loans without paychecks cheap? It is not easy to give an unequivocal answer to this question, since the level of income and the previous creditworthiness of the subject are also weighed. For a personal loan with CUD, as for any other financing, what makes it attractive and convenient for the beneficiary is the interest rate applied, which together with the other costs associated with the loan should not be excessively burdensome: however the higher the risk profile for the bank, the more these cost items are affected that will impact on the convenience of the loan. This means that if the subject still has a sustainable income level for the amount requested, a past without being reported bad payer, and so on, then he can find convenient offers of personal loans with CUD. On the other hand, it is good to know that the interest rates of these loans can go up very much, reaching even more than 12% at TAEG.
Attention when you look for this type of offers, especially via the web, because it is easy to run into proposals to the limit of usury, if not even in real scams: experts advise not to be induced into temptations by proposals for financing that promise loans without pay and without guarantees for high amounts. Rather it is advisable to contact a tax consultant in the event that you can not get a good rate of interest by proposing a loan with CUD, to study alternative solutions if necessary.
Can the CUD alone be enough for bad payers?
A separate case is the so-called protestants and bad payers , who having a precedent from reported in the data files consulted by the financial, can try to apply for funding through the institution of the guarantee, ie through a third party that acts as guarantor, the which, in addition to having a certain and demonstrable income, must not in turn be reported as bad payer in Crif. The only loans also accessible to bad payers are those paid out
through the assignment of the fifth , or offering as a guarantee the severance indemnity, or the severance pay, as there is a direct withholding of the repayment installment by the employer or the pension institution that runs it directly to the financial, for a maximum of 20 percent total income. Given the nature of the formula, the assignment of the fifth can only be requested by pensioners and employees , so those who try to apply for personal loans with only the CUD as an income document will not be able to access this financing formula.
In extreme cases, use the guaranty
As anticipated, reneging on loans without paychecks the interest created by the fixed revenue from the employee salary, in the presence of an income is not too high and the CUD only need additional guarantees would be presented to the bank so that we can get funding. In these extreme cases it is good to resort to the surety , thanks to which a third party comes into play as a guarantor who takes over the loan in solidarity, replacing the principal debtor, ie the holder of the loan, when he should skip payment of installments.
To obtain the green light for a loan with a surety it is important that this third party guarantor has an impeccable creditworthiness, without reporting to the databases as a bad payer, and at the same time has sufficient and sustainable income for the sum requested. This is because in fact, in the event of failure to pay the repayment installments, the bank can claim directly on the guarantor.
And if you do not have guarantors? The loan is changed and that between individuals
And if you do not have guarantors? In this case there are two extreme solutions. One of the most adopted for those in this situation is certainly the loan that has been changed, which requires payment of bills instead of amortization installments. Its peculiar characteristics are summarized:
- Duration ranging from 6 to 60 months
- Single signature without guarantors
- Delivery in a few days by bank transfer or cashier’s check
For those who do not want to sign bills, they can try to make use of private loans via the web , using the authorized platforms that act as a meeting point between people, who make their capital available and then receive interest payments from the monthly installments paid by the beneficiary of the loan. A financing solution with an increasing success in recent years thanks to the strong development and dissemination of new digital media.