Home loans: types, guarantees required and any additional costsHome loans: types, guarantees required and any additional costs

The loan for housewives is a particular form of financing aimed at a category such as that of women in the home and that in the past would not have found space in this area, since they lacked adequate guarantees such as those offered by a classic sale of a fifth. However, being a different category than for example a classic worker, there are very specific types and specific guarantees to advance the aforementioned request for funding. Limits also also on the front of the amounts granted (generally not of great entity) and on the costs for the financing practice (often higher than a classic financing practice).

Specific types of loans for housewives

Specific types of loans for housewives

The types of loans granted to housewives are generally similar to classic non-finalized personal loans, with the request for a loan amount without having to justify the relative destination or to constrain the sum received to a subsequent purchase of furnishings or cars. However, being women housewives without a real job and lacking one of the basic requisites for a greater granting of loans such as paychecks, it is obvious that the conditions to be applied will be very strict and above all for amounts that are not too high. Loans for housewives, in fact, can be granted by credit institutions in a range of well-defined amount and generally never higher than 2000 euros, or as a form of revolving loan, granting them specific financial solutions for a possible and subsequent renewal of credit.

In the first type of classic loan, elements regarding the maximum band of amounts to be paid to housewives are therefore evaluated, with maximum amounts of 2000 euros and solutions that can vary and move towards greater ease in granting financing where a guarantor is present. In the second type of loan revolving cards can be provided to housewives to provide a first loan sum to be repaid through monthly installments or even in a single payment (of course, everything depends on what was agreed with the same bank) and that once welded is reconstituted.

Guarantees required and costs of loans for housewives

Guarantees required and costs of loans for housewives

Lacking the loan for housewives, the presence of a pay slip that certifies the presence of a certain and continuous income over time could be requested in order to exceed a limited amount of just 2000 euros, of the guarantees and information on the purpose of the sum granted on the loan. With regard to the guarantees, it is common practice for credit institutions to request the intervention of a third party guarantor such as a family member, who can guarantee the correct execution of the payment upon presentation of his / her pay slip . To this requirement is then added a more specific one of the housewife on an impeccable creditworthiness, that is to say in being a good payer and not having to bear any protest. Even if the loan for housewives can fall into a more generic category of non-finalized loan, it may happen that some institutes require the allocation of the aforementioned sums to place an additional emphasis on the successful repayment of the loan. Without prejudice to the fact that in most cases reference is made to a modest use of the aforementioned sums for classic home management costs and not for more demanding expenses such as the purchase of furniture or cars.

Finally, for loans to housewives, additional costs could be requested compared to a classic financing practice, with the presence of a major Taeg or ancillary insurance , for example , so it is necessary to pay attention to the contractual conditions required, possibly comparing the conditions applied by the different institutions in order to verify a real convenience of the aforementioned loan modality reserved to a special category such as that of the housewife.

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