Loan without current account: how it works, types and methods of request.

Although almost everyone has a checking account today, some may prefer to keep their savings at home or invest them. However, what to do if you want to apply for a loan? It is possible to obtain a loan without a checking account. Let’s see together how to secure the necessary amount of money.

How to get a loan without a checking account

How to get a loan without a checking account

First of all it is necessary to remember that even if applying for an online loan without a bank or post office account may seem complicated, in reality it is very simple. But how come it seems so difficult in the common imagination?

Usually those who want a small loan contact their credit institution, that is, the one where you have your bank account. In fact, it is believed that the bank in which current account holders are familiar with the client’s financial situation, revenues and behavior. However, it is not mandatory, but you can contact the bank or financial company that you prefer and that offers the best conditions.

In light of this, although having relationships with a credit institution, it is possible to apply for a personal loan also in another bank, in which you do not have a bank account. It must be said, however, that the financial companies usually guarantee a sort of preferential channel to their account holders for the granting of a loan.

Loans Without Current Account: the different types

Loans Without Current Account: the different types

When talking about loans without checking account it is good to know that the types on the market are different if, in particular they are distinguished:

  • loans finalized without checking account;
  • loans with prepaid cards without a checking account;
  • loans with prepaid card from Post Services.

Loans finalized without checking account

This is the main method of financing without a current account, in fact, the targeted loans are specific credit lines that can be requested from a financial company or directly from the seller, to proceed with the purchase of a specific asset or service. So whoever grants this loan pays directly to the seller and has the opportunity to choose various repayment methods, such as postal bulletins.

Be careful not to give in to the temptation to abuse targeted loans because, even if it is easy to obtain them, these are credit lines with higher interest rates, contrary to what happens for other types of loans.

Loans with prepaid cards without bank account

Continuing the overview of loans without a current account, loans with prepaid cards emerge, a loan in which the applicant must have a rechargeable card with IBAN instead of a current account.

The credit card without checking account with IBAN works like a checking account, without binding the applicant to it. Consequently, it is possible to use the rechargeable card with IBAN to be able to debit the loan installments.

Loans with prepaid card from the Italian Post Office

If, on the other hand, you want to entrust the Post Services, the post offices offer Special Cash, a specific type of loan with which the capital disbursed is paid on the PostePay, the prepaid card Post Services.

It should be noted that, by opting for this type of loan without a current account, it is possible to obtain rather limited amounts of money, to be repaid in 12 or 24 installments, at interest rates above the average. However, these are easy loans, from the process of requesting and obtaining rather quickly and quickly.

How to get a loan without a checking account

Requesting a loan without a current account is quite simple and, once you have chosen the preferred type, you can go to the bank or post office and proceed with the loan application.

However, it should be borne in mind that, despite the ease of granting, loans without an account are subject to an investigation which will be based on the assessment of the customer’s creditworthiness and therefore on the examination of the income documentation and investigations in the Central Credit Register.

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