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Loans to temporary workers

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Loans and personal loans for fixed-term employees: limits and how to get them

Personal loans

Personal loans

for workers with they be obtained? And what are the limits as well as the alternatives? So, we are talking about a segment that belongs to the vast world of work and which bears the name, that is, when we refer to the fixed-term employment contract we do not highlight anything other than one of the various employment contracts that feed, the world of precarious workers. Unfortunately, we are not talking about some and isolated cases but of a trend that we will dare to say unstoppable until the whole current year 2019 … Do you think that most of the new employment relationships are completed (Source: Istat & Ministry of Labor and Social policies). From these latter considerations arises the need for personal loans with term contracts where the noun “term” identifies the fixed-term employment contract.

Loans does the banking system behave in the face of an army of workers with fixed-term contracts? Well, unfortunately, a bank has to do its job because it would only risk increasing its liabilities further which would result in a further general problem … What does this mean? It means that faced with a loan application with a fixed-term contract, it sets limits beyond which there is a need for accessory guarantees. What are these limitations? Well, the bank does not deny a priori loans to workers with a fixed-term contract but sets the following limit: the financing or, better said, the payment of the last installment must take place, must coincide with the expiry of the term as reported in the contract … This is the limit and from which we have a consequence. Let’s see …

Small loans

Small loans

talking about is intrinsic to the aforementioned title shown in bold. Well, if we consider that only in some cases a fixed-term contract can reach a maximum of 24 months (2 years), the question arises: but what sum can they finance us if we have to pay it at the most within 2 years? For have defined as “small loans” those deriving from the fixed-term contract … More info on loans to workers with a fixed-term contract. But there is worse: loans with a 6-month. What can we say … If we have a maximum of 6 installments to pay (six months), what amount can they pay us? In this case, we can speak not of small but of ” very small loans ” … It is hard, but this is the reality especially in loans for young people with fixed-term contracts … We continue.

Fixed-term loan & contract renewal 

Fixed-term loan & contract renewal 

Under certain conditions, a fixed-term contract can be renewed up to 4 times. In this case, we could tell the bank about the renewal, but we already anticipate that the bank will not believe in the renewal: who guarantees the bank that the contract will be renewed upon expiry? And here comes the if this is sure to renew your contract, it should have no problems guaranteeing it for you. Like? By acting as guarantor for all future renewals (within the maximum number of 4). In this way, we would have a loan over 2 years of repayment. If there are doubts about the renewal the employer does not agree, then the figure of a third party guarantor is failing which it will be difficult to obtain financing beyond the natural expiration of the contract. If you can find a guarantor, it is possible not so much to obtain small loans, but small installments thanks to the new forms of financing that we have indicated on loans and loans with a duration of up to 20 years or 240 months.

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