Short-term Loans to make ends meet
The salary of Italians is not really enough to reach the end of the month: almost 95% of families in Italy find themselves in a difficult economic situation; a fair percentage of families make use of their own savings, and an increasing number of Italians admits to arrive at the 27th of the month requesting small personal loans provided by the financial companies.
Request for loans from Italian families
Times of economic crisis? Italian families increasingly burdened with taxes and debts! It is alarm request for small loans to get to the bottom of the month.
The Credit Checker trend of questions relating to loan applications by families – September 2018 photographed the following scenario.
The trend in requests for new loans increased by + 9.5% compared to the same period in 2017, and from the beginning of the current year (January) to the end of the third quarter of 2018, the change recorded was + 4.6 % compared to the same period of 2017.
As regards the average amount requested by Italian households, it is 9,265 euros and the positive percentage change is 2.3 compared to September 2017.
How does personal loan work for liquidity needs?
Unlike the loan, the personal loan does not provide any mortgage guarantee: the loaned amount is generally repaid according to a repayment plan in constant installments and at a fixed interest rate.
In addition to financing the purchase of a consumer good and to renovate one’s home, personal loans can also be requested to have a sum of liquidity available .
To apply, you must be an Italian or foreign citizen (with a valid residence permit) aged between 18 and 70 and resident in Italy.
Regarding the amount that can be requested, it starts from a minimum of € 1,500 and can reach a maximum disbursement of € 100,000 with durations from 12 months to 120 months.
For more information, and to better study all the possible proposals, you can contact a Richard Feverel Consultant.