Online loans without payroll: what guarantees?

To obtain online loans without payroll, alternative guarantees must be presented that will convince the financial company to provide the loan. This type of loan, in fact, although it presents many elements of novelty compared to the traditional personal loans provided by the banks, still requires some form of guarantee, without which the provider has no security regarding the repayment of the capital. An even more important security given that we address a category of people, citizens without pay, who cannot attest to a stable income.

This funding, however, summarizes some growing trends in the finance sector


On the one hand, there is an increase in online loans: this phenomenon is favored by the ever wider access to the internet, thanks also to the use of mobile devices, to which banks have adapted by offering many services on the web. On the other hand, in times of economic uncertainty, the number of citizens who hold a regular salary has decreased. Not only: other professional figures, such as self-employed and precarious workers , still require new ways of accessing credit. In fact, among the various typologies there is the possibility, for example, to obtain tailor-made loans for self-employed persons.

For the self-employed, an alternative to the presentation of the payslip as a guarantee can be the tax return

For the self-employed, an alternative to the presentation of the payslip as a guarantee can be the tax return

Which describes their economic situation quite faithfully. For those who have more occasional contracts, an addition could concern the certification of regular payments on the current account, for example deriving from the rent of a property owned.

Also for online financing, the signature of a third party guarantor may be required, which in the event of insolvency can be reimbursed for the amount received on loan. However, this option is not always available. So what are the alternatives? Another form of guarantee could be the mortgage of a home: the finance company could take over the property after a certain number of installments have not been paid. Otherwise, for smaller amounts, you can agree on the pledge of a valuable item.

In reality, these forms of guarantee are more common at traditional banks. Online loans without a pay slip and without a guarantor are on the rise, but for the most part, most of the offers are for small amounts ( from 500 to 1,500 euros ), which do not require special guarantees.