When we speak of personal loans with a single signature, we generally refer to all those loans for which the simple signature of the holder is sufficient to obtain the go-ahead for the payment of capital, without having to resort to an additional personal guarantee represented by a third party guarantor acting as guarantor, thus replacing the principal debtor in the event of failure to pay the repayment installments. In principle, therefore, we can agree that all personal loans and salary and retirement allowances are single-signature personal loans : let us look at the essential financing conditions in detail and what difficulties may arise in order to obtain them, therefore requiring the guarantor in these cases.
- How much can I get with single-signature loans?
- Loans with assignment of the fifth
- Loan for self-employed workers: what difficulties?
- Loans to protested and bad payers
- Unsecured loan: when only the applicant’s signature is sufficient
How much can I get with single-signature loans?
So, as we have anticipated, the single-sign personal loan is the finalized or non-finalized standard loan that allows to obtain a certain amount, to be repaid through a classic amortization plan with monthly installments to be paid with bills or by bank transfer, or by transfer of the fifth, ie with direct deduction of the agreed installment by the employer who turns it over to the bank. But how much can I get with a single signature loan? The main feature of single signing personal loans
it is linked to the maximum amount payable without additional additional guarantees, or up to 30 thousand euros to be repaid by paying monthly installments of a fixed interest rate. This fixed rate offers the certainty that the amount to be repaid together with interest is stable over time and not subject to market fluctuations.
Loans with assignment of the fifth
Most of the individual signed personal loans requested by the employees are granted by means of the formula of the assignment of the fifth , whereby the monthly repayment of the repayment plan is repaid by deduction from the net salary. The transfer of the fifth presents an undoubted series of advantages, first of all the almost certainty of having the go-ahead from the bank phase of request, also also the bad payers can obtain the payment of the sum thanks to the certainty of the assignment of the fifth by the employer of work. Speaking of these loans reserved for employees must in any case make a distinction between funding required by private employees and loans for civil servants: in this second case the employee has access to funding more easily than those who work at an ‘ private company, having the State to act as guarantor.
Another category that can access these single-sign loans with the assignment of the fifth is the pensioners , who can obtain capital at decidedly advantageous rates, by virtue of the agreements signed with INPS. The only simple difference compared to the loans reserved for employees is that the monthly payment is deducted from the social security and paid by the pension institution in the financial coffers: on the other hand there is the compulsory subscription of a life insurance policy to protect the loan.
Loan for self-employed workers: what difficulties?
The provision of personal loans with a single signature becomes more complicated when it comes to self-employed workers , who can not access the assignment of the fifth, and must still have a sufficiently sustainable income to get the go-ahead to a loan without having to resort to further guarantees. The situation becomes even more difficult in the case of a bad self-employed payer, who being able to offer as a guarantee only his work without the guarantee of the paycheck, and having also a precarious financial reliability in case of a report in the databases, it will be difficult have the go-ahead to finance.
In general, however, the personal loans granted to the self-employed are single-signature , whether it is targeted loans or non-finalized loans, but if the sum requested is particularly high or if the guarantees related to self-employment alone are considered insufficient it could often an additional guarantee is required, such as a mortgage on a property owned or more commonly a surety.
Loans to protested and bad payers
As we anticipated, applying for a single loan could become particularly complicated when you enter the field of protestors and bad payers : the former is defined as having suffered a protest for an uncovered check or an unpaid bill, while a bad payer he is the one who has had problems repaying a loan in the past, and has been reported as a bad payer in the Crif archive, consulted by all financial corporations and credit institutions when assessing the creditworthiness of an applicant. In common they both have one thing: the difficulty in obtaining loans and financing, especially if they are single-sign.
As we anticipated, the exception could be granted to employees , who may be able to access single-sign loans even if the credit history they have behind is not exactly immaculate, thanks to the sale of the fifth: and otherwise ? There is some residual hope of personal loans to bad payers without a fifth sale , but it is very difficult, especially if we are talking about single-signature loans.
Unsecured loan: when only the applicant’s signature is sufficient
When the applicant’s only signature as a guarantee is sufficient, we find ourselves in front of an unsecured loan , as defined by a whole branch of products offered by credit institutions in which the presence of a guarantor is not necessary. In addition to personal loans and those finalized there are offers of unsecured loans are mainly dedicated to craftsmen, small and medium-sized businesses and VAT account holders who need financial resources: it is a form of financing that
provides for the absence of guarantees, an aspect that allows easier access to the provision of capital: it is another example of personal loan with a single signature, but does not exclude the verification of certain characteristics of the applicants by the financial. In fact, it is always necessary to demonstrate a solid creditworthiness and a sufficiently sustainable income for the amount to be requested from the bank.
There are three types of unsecured loans:
- the Classic option, which allows obtaining a loan without income guarantees at fixed or variable interest rates
- the option with Deferred Depreciation , which allows you to postpone the repayment of the first installment
- the option with Heavy Installment that allows the company to repay a portion of the loan in monthly installments and the remaining amount through the payment in a single solution, defined precisely “heavy installment”