Best loans without payroll or collateral


If you are thinking of requesting a loan from an entity other than where your payroll is domiciled and without committing a relative to a guarantee, you will be interested to know which are the best loans without payroll or guarantee.

Find out which entities offer these types of loans without payroll or guarantee and compare the conditions. Below we tell you everything you need to know about these loans without payroll or collateral.

What is a personal loan?

What is a personal loan?

A personal loan is the granting of a certain amount of money that a lender (a credit institution) grants to a borrower (person who receives the money), in exchange for the commitment to repay the said loan together with interest. The personal loan is a type of loan that can be used for different purposes.

In general, it is used for the purchase of material goods such as furniture, appliances, a car, etc. But the ends can be very broad. Within personal loans, we find loans without collateral and without payroll, which we explain below.

Personal loan, with a guarantee or without a guarantee?

Personal loan, with a guarantee or without a guarantee?

When applying for a personal loan, the lender may ask us for a guarantee. Having a guarantee for your loan means that, if you could not face the repayment of the money you have been lent, the good or person that guarantees you will respond to this default. The guarantees are usually requested, above all, by traditional banks.

The guarantee is the way that credit institutions have to make sure they do not lose their investment because, under any circumstance, the borrower cannot return the loan.

Therefore, if an entity offers you a loan without collateral and without payroll, it is because they consider that you have an optimal solvency level and that you will be able to repay the loan. For us, as clients of a loan, we will always be much more interested in getting a loan without collateral, as we do not commit anyone in case we cannot return our loan.

Personal loan without payroll, what do you mean?

Personal loan without payroll, what do you mean?

Although it can be understood that it is not necessary to have a payroll to access this type of loan, the truth is that it will be necessary. What they do not ask us, in this case, is to have to direct our payroll to the entity that is going to lend us the money.

What does it mean to not have links to get a loan? What if we already have the direct debit of the payroll in another entity, we will not have to move it, in this case, to the credit institution that lends us the money.

Even so, the credit institution will probably request proof of income, in addition to information such as the type of contract you have (if you are autonomous or dependent, indefinite or temporary contract, etc.) and more, to rate your solvency level.

Ranking personal loans without collateral and without payroll

Ranking personal loans without collateral and without payroll

Not all credit institutions offer these conditions, that is, do not request collateral and / or direct debit, so we are going to see some of the entities that do offer it to us. These entities are the following:

Good Credit

Good Credit is the name they have given to the financing line of the Telefónica company. Good Credit offers only one type of loan, suitable for any purpose because you should not justify the use of the money and with which you can get the financing you need in a period of 24 to 48 hours. This financing is available to Movistar customers, which means that the loan does not require paperwork that could delay the granting of the loan.

Good Credit offers from $ 1,000 to $ 4,000, with an interest rate (TIN) of 15.35%. Sometimes it can be difficult to access loans of such a small amount of money, and with Good Credit, it can be easier to access financing between $ 1,000 and $ 4,000. This loan also does not require us to have any type of direct debit or guarantee. The procedure to apply for this loan is as follows:

  1. Access the Good Credit loan simulator

  2. Enter your ID and phone number (the one you have contracted with Movistar)

  3. Read the conditions that will have been sent to the e-mail and signature of the loan through the mobile phone or PC

  4. If you have not had a relationship with Telefónica Consumer Finance before, you will need to verify that the data is correct, which they will do through a video recording of about 1 minute where they can verify that the data of the DNI and your photo are valid

  5. The last step, receive the money within 24 to 48 hours after the application is approved.


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