How to get mini loans for bad payers and protested ? When you have had a protest or you have not paid the installments of a previous loan, obtaining new sums of money is particularly complicated, especially for those who cannot access the salary-backed salary as self-employed and freelancers: however a a bank or a financial company may be less reluctant to grant credit if the applicant, lacking a guarantor who can reinforce the protections envisaged in the preliminary phase for the amortization of the debt, proposes a small loan or mini financing, ie a capital of a few thousand euro, or even a few hundred, to buffer an urgent liquidity problem. In these situations, considerably lowering the level of risk, it is possible that a credit institution can give the green light to the supply of capital: but how are these small loans structured for bad payers and protested?
Mini loan, the basic features
We can say that every financial company or credit institution has in its package of products for the customers mini loans or small loans, where, net of the name, they are characterized by basic
an amount typology ranging from a minimum of 500 euros to a maximum of 2,000 or 3,000 euros, sometimes 5,000, but no more. At the same time, the repayment plans will be quite short, generally between 12 and 48 months, also on the basis of the different peculiarities of the financial product offered.
In fact, these small-scale mini-loans have a plurality of delivery methods: the most common methods are
- Standard personal loan
- Rechargeable credit card (or revolving)
- Credit line connected to the current account
As we have anticipated, through this request for small amounts it is plausible that a financial institution is inclined to grant mini loans for bad payers and protested, but in any case it is good to inquire at the individual institution, because each institution provides precise risk policies that obviously they are mainly directed to those requesting subjects who have had previous financial problems. Creditworthiness also affects the speed of disbursement of the small loan, which generally does not exceed 48 hours of waiting, but times can be extended in the event of a request for a document supplement during the preliminary phase.
Let’s see some examples of small loans and mini loans, which we reiterate is not necessarily accessible to protesters and bad payers, but the chances are certainly higher than for normal financing.
Small online Ultranix loan
Ultranix is a financial company that operates mainly online: this method of requesting loans allows you to provide money with competitive interest rates quickly, within 48 hours of the request, and easily. The small Ultranix loan is designed to help customers make purchases or face unexpected expenses, with
an amount that can be financed between € 1,000 and € 3,000 at a fixed interest rate of around 6 per cent, and an APR that varies according to the amount and duration. It is possible that in the event of a small loan for protesters and bad payers the rates may increase slightly, in any case, to ask for more information on the actual financing opportunities for those reported on the databases, it is suggested to contact the financial company directly.
Mini Credit Cleopar
In the area of small loans, the MiniCredito Cleopar is one of the most successful products on the Italian financial market: it is a credit line that allows you to always have 1,500 euros as a sort of money reserve, which is reconstituted every time that the principal amount of the credit used is reimbursed through the payment of a fixed monthly installment, of an amount based on the debit balance. This Cleopar product provides
a fixed TAN at 16 percent, and a variable APR that can reach a maximum of 23.30 percent. To give an easy example of financing, if you use € 500 of the loan, you can pay an installment of € 50 monthly in 12 months, with a total amount to be paid to the bank equal to € 577.14.
Small loans Bankil
Who proposes a type of financing similar to Cleopar, and which would also seem to contemplate mini loans for bad payers and protesters, is the small loan formula of Bankil, an international financial company that among the first has thrown itself into the web financing market, after being was the vanguard of telephone credit since its birth about 30 years ago. Bankil proposes
small loans of up to 5,000 euros with no expense documents, no additional costs for financing are provided and repayment installments start at 30 euros. It is a rechargeable loan exactly like that of Cleopar, the only obligation that requires the financial is to be in possession of a bank account, where the requested amount is paid directly, and the money reserve naturally increases whenever it is the repayment installment is paid.
To evaluate the funding practice, you must send an application to the form on the official Bankil website or contact a consultant directly for more information on the financial proposal.
Fostal Bank Mini Loan
One of the most well-known and appreciated by users is the Mini Loan Fostal Bank, a loan that starts at 1,000 euros and reaches a maximum of 3,000, to be repaid through 22 monthly repayment installments. The peculiar characteristic of this small loan proposed by Postal service Italy
is that it is reserved exclusively for holders of the PostePay Evolution card, having an age between 18 and 76 years. Mini Prestito Fostal Bank allows you to request three types of amounts, 1,000, 2,000 or 3,000 euros which, in the event of approval, are credited directly to the PostePay Evolution card. The reimbursement is fixed at 22 months, and the debit is made directly on the Postepay Evolution card or on the Fostal Bank Current Account.
Quick small loans with One Credit
We close this brief review on small loans and mini loans with the proposal of One Credit, which with CreditExpress Mini offers the opportunity to obtain a small credit of between 1,500 euros and 3,000 euros to be repaid with a minimum of 24 installments up to a maximum of 36 rate. For more information always consult the official website or contact the institute directly for the actual possibilities of a small loan reserved for those who have negative reports such as protesters or bad payers.
Other alternatives: loans repurchased
If your situation is particularly critical in the eyes of the normal banking circuit, so as to make it impossible to provide even a small loan under the formulas we described in the previous chapters, then you can opt for a loan with bills, which allows get even a few thousand euros without problems. Moreover, presenting itself in the form of a mini loan for protesters and bad payers, in this case it is easier for the borrower to defuse the greater danger inherent in the bills, or the risk of foreclosure of the assets due to the failure to pay the amount agreed. In any case it must be taken into consideration
that in the loan, interest rates and financing costs are on average higher than those of other personal loans or salary loans, so it is advisable to get more and more quotes from the various companies consulted to assess the actual convenience of financing, even in the case of a small amount.
Loan between private parties
A final possibility that we propose for those who need a very small amount, for example on the 500 euros, is to resort to a loan between private individuals, stipulated for example between family members or friends. The conditions are obviously not particularly stringent as when one turns to a bank or financial institution, but it is advisable in any case to proceed by writing a private agreement that acts as a real contract, in which to report in addition to personal data the loan amount, timing and credit repayment methods. instead
it is not possible to resort to the so-called social lending, the loan between private individuals via the web that is experiencing increasing success in recent years. In fact, the platforms authorized by the Bank of Italy explicitly report the impossibility of providing money to protesters and bad payers, to protect investors, and in any case, by calculating that the whole system of disbursement in social lending is based on rating, a vote Given the profile of every loan applicant, it would be extremely difficult to find someone willing to risk their money with a very low credit rating.