Loans Without Payroll

Personal loans without pay slip or guarantees

In recent years the world of work has changed drastically and, thanks to the economic crisis, has seen the birth of an increasingly precarious economic context. Loans without a pay slip are the credit market’s response to the profile of new applicants who cannot count on an employment contract and who therefore do not have a monthly salary, consequently they cannot  demonstrate guarantees,  they are loans designed to meet the needs of those who cannot count on an employment contract. They are aimed at a vast audience of beneficiaries, from housewives to university students, through to the unemployed .

By using this type of financing it is possible to obtain small amounts . In general, in fact, they provide for the granting of sums of up to 5 thousand euros. Likewise, repayment periods usually do not exceed 60 months.

It is necessary to specify that although the presence of an employment contract is not necessary, it is essential to be in possession of alternative guarantees . Guarantees that can be of various types, ranging from a surety to a mortgage on a property owned. Otherwise, access to credit will be almost impossible.

Personal loans without demonstrable income vs loans without pay slip

Browsing the Internet it is possible to come across loan offers without demonstrable income , but it is not always clear what they are and above all who can obtain them. So let’s try to shed some light on this.

When we talk about loans without demonstrable income we are referring to all those lines of credit accessible to those who cannot boast an income from work (salary, pension, etc.). They are therefore loans accessible to the unemployed, students, housewives and other categories of taxpayers who do not work.

Before reviewing the characteristics of the various products that fall into the category of loans without demonstrable income, it is necessary to point out that the latter do not correspond to loans without a paycheck or guarantees.

Personal loans without pay slip: what guarantees are required?

But what are the characteristics of loans without a paycheck and above all how to obtain them in 2021 ? In our in-depth analysis you will find all the opportunities guaranteed by this category and a small guide dedicated to those who have been reported as bad payers, in order to get out of it and thus request a new personal loan.

As is easy to imagine, these are credit lines intended for those who need liquidity in the absence of the guarantee of a pay slip capable of certifying an income resulting from employment.

Managing your loans and maintaining financial stability is crucial for the future wellbeing of your family and your children. It allows you to have control over your expenses and make informed decisions for their future. By prioritizing your financial health, you create the freedom and flexibility to afford classic children’s clothes , ensuring that they are comfortable and well-dressed without compromising your financial stability and goals.

Atypical credit products , because the permanent employment contract is usually the main requirement required by banks and financial companies.

In practical terms, these loans are aimed at a large number of categories of citizens, from housewives to young precarious workers , through to the unemployed and self-employed.

It is therefore clear that loans without a pay slip can differ significantly from each other, given the need to adapt to such different needs of the beneficiaries. An element that these products have in common, in addition to the absence of income from work, is the need to provide alternative guarantees. No bank will grant you credit in the absence of any guarantee.

Mortgage guarantees of the applicant

Loans without a pay slip are particular lines of credit designed for those who do not have a pay slip or a demonstrable and constant income . These loans can take on various forms and names, from loans to housewives to loans for the unemployed.

Since they are types of credit with a high level of risk, the applicant must have some guarantees that push the lender to grant the loan . In the case of salary-backed loans, for example, the guarantee is represented by the salary or pension, given that the installment is deducted directly from the monthly check. In the case of a form of finalized financing, however, the guarantee is made up of the purchased good.

Given the absence of a pay slip as a guarantee , the applicant must provide the provider with alternative solutions. These can be real or personal in nature. But what are we talking about? Let’s find out right away.

The bank can provide mortgage or pledged guarantees relating to immovable or movable property. It is an opportunity that is rarely practiced within the credit system. The reason is simple: the costs of establishing a collateral often exceed the benefits related to obtaining the credit line.

The most widely used formula is represented by personal guarantees, such as a parent’s guarantee . A useful guarantee for the provider to have the legal certainty that, in the event of reimbursement problems, a new entity will be able to intervene. This must have an excellent credit profile, capable of providing solid reimbursement guarantees to the bank.

From a formal point of view, the guarantor presented to the lending institution is jointly and severally liable with the beneficiary of the loan (i.e. the debtor). In concrete terms this means that the credit institution can also take action against the guarantor to regain possession of the credit claimed from the beneficiary of the loan. The guarantor can then in turn take action against the debtor.

In the context of guarantees, the question of insurance finds a particular space . Loans to those who do not have a pay slip are often granted only for life insurance policies which allow the credit institution to obtain repayment of the debt in the event of death or permanent disability of the debtor.

However, insurances are not to be considered real guarantees, given that they are clauses that are added to the contract.

Loans without pay slip for young people

Loans without a pay slip to young people represent one of the main categories of financing granted to those who do not have a formal employment contract. Mostly these are honor loans granted to university students and represented by an advantage linked to the postponement of repayment.

In fact, the repayment plan will only start at the end of the course of study or, in any case, at a time much later than the expected timeframe for the repayment of a “regular” loan. The objective is clear: to bet on young people.

Another of the most common categories of credit for young people is represented by those loans in which the main debtor is also supported by the figure of the parent . This area includes all those loans granted to young people who do not have a paycheck (either because they work with occasional collaborations or because they have not yet completed the training period), but who still need to obtain credit.

Thanks to the participation of a parent in possession of adequate guarantees (who signs the loan as guarantor) it will also be possible for younger people to obtain financing for more than 5 thousand euros.

Loans without pay slip for students

In the following lines we will analyze offers from banks and finance companies dedicated to students and university goers. You can find further in-depth information on the topic in the student loans section .

Banca Sella  provides a subsidized rate of up to 30,000 euros which must be repaid with an amortization plan that extends for a maximum of 84 months.

Unicredit Banca also offers subsidized credit solutions for students. In this case there are two products: UniCredit Ad Honorem and CreditExpress Master.

CreditExpress Master is dedicated to those who need financing to cover the costs of post-graduate training. It allows you to obtain sums of up to 15 thousand euros. The TAN and APR are fixed and the repayment can be split into a maximum of 96 monthly installments. Furthermore, for the first three years of repayment, the beneficiary can choose to repay only the interest.

UniCredit Ad Honorem, on the other hand, is an honor loan and provides for a maximum financeable sum of 27,700 euros. Repayment of the loan begins at the end of the study course and can last a maximum of 180 months. However, the student has the possibility to postpone the start of the repayment plan by requesting the application of the so-called grace period. Period that can have a maximum duration of 2 years, at the end of which you will have to start repaying the financed amount.

PerTe Prestito con Lode by Intesa San Paolo is a type of loan that has a direct agreement with the universities . It can be requested both for expenses related to university and post-university education. Once the studies have been completed, the beneficiary can repay the sum in a single payment or request installments, over a maximum of 30 years.

Finally, the credit opportunities for university students provided by UBI Banca deserve mention . It provides for a maximum amount of 25,000 euros. money with which to complete the entire training cycle, which is paid in several tranches. The repayment occurs in annual installments.

Loans without pay slip for the unemployed

Another very important category of loans without a pay slip is represented by loans to the unemployed . In this case these are loans that are granted not only to those who do not have an employed job, but also to those people who do not even have other income deriving from work activities (self-employed workers, atypical workers, researchers, etc.) or from a real estate (for example, the income from a rented house).

We are therefore faced with products that are difficult to provide and are often granted only on the condition that there are guarantees of a specific nature so significant as to be able to circumvent the risk of insolvency felt by the credit institution.

Loans without paychecks for the unemployed usually take the form of loans accompanied by a pledge on the beneficiary’s property titles . However, it is much more difficult for loans to be granted to unemployed people in exchange for a mortgage on a property.

Let’s take an example . Let’s imagine that a person has an administered deposit containing bonds worth 20 thousand euros, and that he wishes to obtain a loan of 10 thousand euros.

Assuming that the owner does not wish to disinvest the securities, the bank granting the credit will register a pledge on the securities present in the deposit, to be used in the event that the debtor is unable to regularly repay the loan installments.

In this regard, it is very important to pay attention to the pros and cons of these technical forms. In fact, these are loans with a fairly high cost both in terms of commissions and in terms of the interest rates applied, not to mention the expenses deriving from the registration of the foreclosure guarantees.

Loans without payslip for housewives

Another category for those who do not have a  rather recurring employment contract is the one dedicated to housewives . In fact, these are loans that are aimed exclusively at women who, while taking care of the house, do not have a demonstrable income, but still need a liquidity reserve that can be used to meet various daily expenses.

In these cases, the loan normally takes the same form as loans without a pay slip aimed at individuals who do not have a demonstrable income. The presence of one or more alternative guarantees to the pay slip serves to make up for the lack of an employment relationship.

The only exception is represented by loans without a pay slip which are aimed at women who receive a maintenance allowance from their husband. In this case, depending on the amount of the benefit, additional guarantees may not be necessary. In the section dedicated to loans for housewives you will find more information on the topic.

Best Personal Loan Offers Without Paycheck 2021


Findomestic loans without payslip do not include the application of additional costs and give the beneficiary the possibility of modifying the installment online in case of difficulty in payment. This type of financing is suitable for students, young people and in general those who have a demonstrable income or own a property without having a pay slip.


The Compass loan  without salary  is perfect for freelance workers such as artists and creatives, who have a variable income and do not have pay slips.


An Agos loan without a pay slip worth 10,000 euros to be repaid in 60 months is subject to a TAN of 4.91% and an APR of 6.45%. The repayment takes place through monthly installments with an amount equal to 192.10 euros.

Italian post

BancoPosta Mini Loan is the specific loan from Poste Italiane designed for those who have neither a pay slip nor a guarantor . To request it, you must be between 18 and 76 years of age , hold a PostePay Evolution and have an income that can be demonstrated through the Single 730 Certification from the previous year.

The loan is disbursed in 3 installments, and small amounts can be requested, from a minimum of 1,000 euros to a maximum of 3,000 . These figures refer to small personal loans for workers , and provide repayment that extends for 22 months. The sum is credited directly to your PostePay card.

How to detect scams in 2021 and avoid them

Once we have examined the main forms of financing without a paycheck, it is important to remember that these loans are often traced back to various types of scams. The reason behind this risk is easily identifiable: those looking for a loan without a pay slip are often ready to turn a blind eye to prejudicial conditions in order to obtain financing.

In reality, however, even if you find yourself desperately needing money, it is important to always be careful to avoid being the victim of a scam. In other words, it is best to be wary of “too easy” offers and always demand maximum transparency.

What the estimates should be

A written quote, consultation of the information forms and viewing of the contract (also taking time to carefully review all the conditions imposed). These are all steps that cannot be waived to avoid running into a scam. Not to mention that before signing a contract it is always advisable to compare the offer with other market proposals.

As regards the issue of interest rates , we have already mentioned that loans without a pay slip usually have debt interest rates that are higher than the market average. Which of course does not necessarily mean being the victim of a scam, in fact it is quite normal.

However, it is important to always check that the interest rates are not out of market, and above all that they are not usurious . The Bank of Italy’s reference thresholds can be consulted directly on the institution’s official website.