Loans with bills
Loans with bills are a solution for those who have little chance of accessing other forms of loan because they are considered bad payers. Access to credit can become a problem, when our name has been reported to the Financial Risks Center (known as CRIF), a database that collects all information about those consumers who have had difficulty in returning a loan or have been declared insolvent. Once introduced into this database, getting a loan from a bank or other lending institution becomes very difficult.
A loan with bills requires the repayment of the capital obtained by paying monthly installments in the form of bills of exchange. This form of financing, depending on the case, can also guarantee fairly rapid access to credit, often within 3 days of the request. As with any other loan, you will then have to negotiate a longer or shorter repayment period with the bank (usually 1 to 10 years) and an interest rate. This can be fixed and cannot exceed 16% (in its conformation known as TAN, nominal annual rate, which does not take into account ancillary expenses).
The conditions of access to this loan vary according to the applicant’s work and income situation, especially as regards the guarantees that will be required by the bank to provide the loan. Employees must present their pay packet, perhaps accompanied by the employment contract, in order to certify a stable income that guarantees the possibility of repayment of the loan. An additional form of guarantee could be the TFR.
As usual, it is more complex for self-employed and professionals to apply for a loan: these categories must present the tax return, which certifies their economic situation, and they are usually required to take out an insurance policy. For unemployed or workers without payroll the solution could consist of a property owned or the signature of a third party guarantor. Loans with bills are in fact also available for bad payers, but guarantees are always required.