Payday loans must be repaid in installments in accordance with the amortization plan, which varies depending on the income and amount requested. Online payday loans can be paid on payroll, pension or direct monthly income. In the absence of these assumptions, the bank must provide guarantees for the provision of salary loans online.
To choose a salary loan on the Internet, where through the comparison portals you can check the terms of the contract and make an estimate, we recommend that you always check which credit institution you apply to, and also check the economic conditions (i.e. nominal annual rate). any preliminary investigation fees, APR or total interest and additional costs). Always compare payday loans online before choosing the one that suits you best: this way you can evaluate, among all the ratings, the one that best suits your needs.
How many types of online payday loans exist on the market?
We have, for example, the sale of the fifth , which consists of a loan granted to public, private and retired employees that allows them to have liquidity and repay it with monthly installments that are deducted from salary or pension directly by the employer or credit institution: these installments can never be higher than one fifth of the net salary.
The loan delegation of payment instead is granted only to public and private employees and never to pensioners. In this case the debt consists of monthly installments never exceeding 2/5 of the salary.
The fiduciary loan is generally granted to self-employed employees, including students. It is not finalized and is not paid to bad payers or protesters.
The life annuity mortgage instead is intended for those who are homeowners over 60 years old; a loan is granted upon registration of a mortgage on the building.
The loan can be repaid when the applicant is alive, or not: in the last case the bank deals with the sale of the house upon the debtor’s death.
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