The personal loan proves to be an excellent opportunity, chosen and preferred by many, to meet the most diverse needs and purposes. The average age of consumers applying for personal loans, according to the PrestitiOnline.it Observatory, is 41 years and 10 months, while the most requested duration is 60 months. But what does this form of financing consist of and what are its characteristics?
What is the personal loan
The personal loan is a consumer credit product that involves the financing of a figure established at a fixed interest rate and repayable on the basis of an amortization plan in constant installments. The loan also falls into the category of non-finalized loans, or among the financing operations not directly related to the purchase of a specific good or service.
Unlike the provisions of the finalized loans, the figure of the affiliated intermediary does not come into play, but it is the financing institution and the applicant who directly conclude the contract. The customer who applies and the institution that provides the loan are, therefore, the only interested parties.
The requirements to obtain a loan
What are the factors to be met to obtain a loan? There are several requirements, some of which vary depending on the case, the type of financing and the financial institution. However, in general to obtain a loan it is always necessary:
- Have a minimum of 18 and a maximum of 70 years (although some banks also offer loans to the over 70s);
- Have a demonstrable income;
- Be a bank account holder.
To organize the honeymoon, to complete a renovation or to cope with an unexpected expense, up to the purchase of a car or any other personal project: asking for a loan is within everyone’s reach (respecting the required requirements) and the reasons are many.
The first advantage of a personal loan lies in the possibility of requesting it without accounting for the use that will be made of the loan obtained. Its disbursement is not subject to the purchase of a specific good or service and the transaction does not even require the presence of an asset that has the function of guarantee for any insolvency by the debtor.
In addition, today it is increasingly easy to apply for a loan: on the web, thanks to online comparators such as PrestitiOnline.it, it is possible to compare the different available financing and quickly get a quote, free of charge and without obligation.
Why request a quote online
Opting for online means preferring the best option for a targeted choice: personal loan offers are in fact easier to compare and disbursement is usually faster. All in a few steps, without even moving from home and having to wait for the often dilated times of the different bank branches.
Depending on your needs, you can identify the best financing offers, choosing from those that have the most convenient conditions and rates. In particular, among the different purposes, you can opt for:
- Furniture loan;
- Restructuring loan;
- Home purchase loan;
- Marriage loan;
- Travel and holiday loan;
- Loan of medical expenses;
- Car loan;
- Motorcycle loan;
- Debt consolidation loan;
- Liquidity loan;
- Loan of household appliances;
- Electronic loan and pc.