It is possible to request a loan without direct debiting the payroll. Actually, this is a requirement that some banks require to link more to its clients with the entity. Now, where can we ask for the money and under what conditions do financial institutions that do not require this type of connection to lend. Let’s see what the experts at the financial comparator HelpMyCash.com say about the personal loans without linking payroll.
1. Several entities do not oblige the payroll to be domiciled
Some banks offer loans without direct debit payroll, but they are few, and most likely they will ask to open a new bank account. If you want a personal loan without direct debit payroll and even without having to change bank, the best option, they say from HelpMyCash, is to go to financial institutions that do not require this type of connection, which operate mainly over the Internet.
For example, Cofidis offers the Project Credit for amounts of up to 15,000 euros to finance any project, such as renovating a house, buying a car, etc. This entity does not require direct debit of payroll neither contract any additional product, not even an account, nor does it charge an opening commission. In addition, it offers a very attractive interest rate from 5.95% NIR (6.12% APR), located below the average of 7.75% APR according to the latest data from the Bank of Spain.
Oney, for its part, offers personal loans without direct debiting the payroll, without having to change banks and without commissions. With the Oney Personal Loan it is possible to obtain up to 30,000 euros at an interest rate of 5.95% NIR (6.11% APR), very competitive in relation to the price of other loans on the market. From HelpMyCash.com they recommend having at least three loan offers and comparing between them to know which is the best option.
2. The requirements to request a loan are similar
Financial entities usually ask for more or less the same requirements when granting a personal loan without direct debit of the payroll. In general, they will ask for the following: have sufficient and recurring income, present a stable employment contract (if it is permanent, the better) and not appear in a delinquent file. In addition, if you have other credits, you must be up to date with the fees and these should not be very high in relation to income. Keep in mind that the sum of all debts should not exceed 30% of income.
3. Direct debit loans don’t have to be more expensive
When granting a loan, banks usually require direct debit of the payroll in exchange for a reduction in the interest rate. If this is not done, the credit could be more expensive and could even be denied. But there are financial entities that do not require direct debit of the payroll and that offer very competitive conditions and interest rates. The advisable thing, in this case, is to look for unrelated loans with a low interest rate, they conclude from HelpMyCash.com.
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