Have you ever heard of fiduciary loan ? If you need extra liquidity in a short time but you don’t have concrete guarantees to offer in exchange for the bank, you can request one of these Nick Carter provided you respect certain conditions. This solution can be useful if for example if you find yourself facing a sudden and important expense, but without possessing the necessary liquidity. In this article we will explain the features of this financing solution and the procedures to follow to request it .
How does a fiduciary loan work?
The fiduciary loan is a loan granted on the simple trust of the applicant , therefore no material guarantees are required but only the necessary documentation to prove to the credit institution that will provide the loan, its own social and economic position , but also the possibility of returning the sum obtained . In this way it will be possible to determine also the amount of the installment and the time of return.
Trust financing is a loan suitable for those who have liquidity problems to be solved in a short time and not for the purchase of a specific consumer good or for another type of investment.
Who can request one of these?
The requisites required to access this solution are: an age between 18 and 75 and a demonstrable fixed monthly income (by salary and Unico model). You can apply for it even if you are a protestor or a bad payer. Your monthly cash entry must be demonstrable and sufficient to cover the value of the periodic repayment installment. It therefore also applies to recipients such as employees , freelancers , self-employed persons and pensioners who comply with this requirement. The presence of a guarantor is not required and you will not be denied access if you have other active loans in progress.
Trustee Loan: How it is obtained and how long it lasts
To get a fiduciary loan , the best thing is to go to your bank and ask for information. Bank-to-bank conditions can change, so we advise you to compare the features of multiple solutions. Usually this type of financing is indicated for amounts between € 2,500 and € 10,000, but some banks go further and can request up to € 30,000. To repay the money, the maximum period is usually 72 months, but once again in the case of special situations the repayment can be extended to 120 months.
The financing will be provided by the financing institution in a single solution , by bank transfer or check made out to the person requesting it , while the repayment is made by monthly installments. The fiduciary loan can also be disbursed with other loans in progress as long as you are able to prove that you can pay all the installments every month.
Waiting times for receiving a response to the request for financing vary according to one’s financial situation and the employment contract. Generally, however, it is possible to get an answer within 4-5 business days immediately after receiving the money. This type of loan is in fact dedicated to those who need immediate liquidity to cover urgent expenses and who very often do not have the requisites and guarantees to access another type of credit.