We have done a simulation of the request for a loan of 1,000 without paycheck using the convenient Loan Comparator Online Loans and here is what we found out.
Being able to get a loan of 1,000 USD if you don’t have a paycheck could be a bit of a venture and not all financial companies are willing to grant them. First of all, we wanted to distinguish between loans without a paycheck because self-employed and loans without a paycheck because unemployed.
Loans for self-employed
In our simulation we have entered the following data:
- amount: 1.000 $
- duration: 24 months
- purpose: restructuring loans
- insurance: no
- year of birth: 1980
- type of use: independent
- current job: craftsman
- employed since: January 2010 (we have also tried to enter dates of less than 12 months but we have not had any useful results, therefore 12 months is the minimum period of work in the case of a self-employed person)
- domicile: Milan
Your search provided only one useful result, namely Gold Web Bank. According to our accounts, here is the calculation of the loan installment:
- monthly payment: $ 46.28
- Fixed TAN: 5.90%
- APR: 12.76%
- Starting costs: $ 16.00
- Periodic monthly expenses: $ 2.00
- Periodic annual expenses: $ 2.00
- No preliminary fees
From the moment we changed our search from ” self-employed ” to ” unemployed “, we no longer had any useful results. This confirms that it is always difficult for an unemployed person to be able to find financing according to traditional channels.
Loan guarantees could be attempted, such as a guarantee, but much depends on the financial company from which the request is made.
Alternatives could be loans between private individuals, of which Smartika is one of the leading companies in Italy.
Another alternative, but also not easily practicable, is the way of revolving credit cards, which allow you to have from 1,000 to 5,000 USD (usually) that can also be used for everyday expenses.
Returning to take care of the 1,000 USD loans without paycheck in general, the purposes allowed by Gold Web Bank for this type of financing are truly manifold and range from the purchase of a home appliance (the furniture loans of our simulation) up to those for a new computer, a vacation and up to simple liquidity.
Final thoughts, convenient?
Undoubtedly a 1,000 USD loan is not an excessive sum therefore, as long as you have the right basic guarantees, it should not be extremely difficult to obtain it (we saw it with the self-employed workers before).
The fact that we have obtained, in our research, only one result depends both on the self-employment in itself, because already trying to insert a permanent job as a job you have more results, and both on the sum very low (1,000 USD) since many finance companies offer loans of at least 3,000 USD.
In conclusion we can say that if you need a loan of 1,000 USD without a paycheck and you have a self-employed job, there are undoubtedly some possibilities, not many but there are.
We will periodically update this page as we find news and changes in our searches for loans of 1,000 USD without a paycheck.