Without paycheck and without guarantor: is it possible to obtain loans for housewives?

It is not easy for a housewife to obtain a personal loan, since financial institutions require income or working guarantees to grant it, such as a paycheck or contract, or possibly a guarantor. This however does not mean that there are no loans for housewives, on the contrary! Let’s see then what are the best solutions in this regard, and if it is possible to obtain a loan online.

Some guarantees, even if minimal, are necessary

Some guarantees, even if minimal, are necessary

When you ask for a loan from a bank, you know, the more guarantees you can bring, the easier it is to receive the amount you need (see also Bank credit). For a loan for housewives this is even more true: since you do not have a traditionally intended job (even though the housewife is a job in all respects) you need to present a guarantor (a close person who can guarantee the payment of the installments) and it would be preferable to demonstrate an income or savings capacity, such as a checking account or registered properties.

Obviously, then, you must not be reported by the Crif as bad payers and you must not have suffered any foreclosure. In summary, applying for personal loans without a paycheck and without a guarantor becomes particularly complicated (sometimes you can overcome this difficulty by signing bills or promissory notes).

One of the interesting solutions for a loan to a housewife is the request for a revolving credit card (i.e. credit cards that do not provide the balance at the end of the month but in small monthly installments). Obviously the amount granted will not be very high (usually it reaches 1,500 USD), but it can be enough to make purchases for the family or for some unscheduled medical expenses.

Online loans: low amounts and only if you work part-time

Online loans: low amounts and only if you work part-time

A loan for housewives can also be requested online from the bank or finance company when required. In this case, however, there are conditions: the amount requested must be contained (up to $ 3,000) and at least part-time employment is required. If the housewife is unemployed, the personal online loan will become really difficult without the presence of guarantors.

The first condition (part-time job) is however full of alternatives. Let’s say that a housewife needs a loan of 3,000 USD for dentist care and is willing to pay a monthly payment of up to 300 USD. Lite Lender Company allows, for example, a very convenient solution with 18 installments of 179.50 USD with Tan fixed at 9.51% and Taeg fixed at 9.93%. All documentation can be sent online, thanks to the digital signature. Interesting is also the possibility for housewives who work part-time to use the platforms for loans between private individuals.

These are payment institutions, authorized by the Cream Bank, which do nothing but connect with each other those who need a loan with those who can make sums of money available. This occurs after a careful assessment of people’s reliability. To apply for a loan from these platforms  you will need to present an identity document, a demonstrable income (from subordinate, self-employed or atypical work) and a bank or post office account. Once the online request has been accepted, the delivery also takes place online safely and quickly.

If you are unemployed: guarantor or mortgage on some property

If you are unemployed: guarantor or mortgage on some property

What if you fall into the category of unemployed housewives? Here the banks, although softened in recent years, lend sums only if there is the presence of a guarantor for the housewife (such as a son or another close person).

Alternatively, you will have to prove that you have rents (perhaps from some rental of apartments or estates) and that you have a checking account or a savings account (because maybe the housewife has a job in the dark). The last alternative could be to place a mortgage on a property: on one’s home or on other possessions.

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