The types of loans that can be contracted at a bank or a finance company are varied and often have very different characteristics from one another.
A simple and easy way to disentangle the various types of financing is to propose some simulations and loan examples .
However, in general, we can classify loans as personal and purposeful.
The personal loan is a loan not tied to the purchase of goods and services , therefore, it should not be motivated at the request stage.
It goes, just to name a few, from the assignment of the fifth, to the loan, to the small loan.
The assignment of the fifth is undoubtedly one of the most widespread and known personal loans and consists in the possibility granted only to employees and retirees to borrow a sum, to be repaid in the form of monthly installments, not exceeding one fifth of the net salary or pension net. The TFR serves as a guarantee for the provider.
The loan is always of a personal nature and is very suitable, even if not widespread by now, for those who have had previous problems in repaying their debts, as it does not provide for an investigation into the applicant’s past, given that the guarantee is here. determined, in addition to the usual income and / or wealth insurance, also by bills of exchange, which give the creditor a right of enforcement on the debtor’s assets, within the limits of the sum claimed, if he is unable to repay the due amount.
Other forms of personal loan can be online financing , that is, granted on the web and disbursed without the presence of physical structures, as well as small loans, those of low amount, generally provided on the internet, but which in any case meet the need for finance small and sometimes sudden expenses.
An example of a finalized loan is car financing , which is usually found at the dealership, where the sale of a motor vehicle takes place. It also fully covers the purchase price, in the case of a new car, while in the case of a used car, the coverage is partial, in descending order with increasing registration years and is not paid if the vehicle has been registered more than ten years before the request.
The car loan example gives a good idea of the finalized financing, which can be found from the automotive sector to household appliances, from holidays to medical expenses. At the base of the request there must be, in these cases, the motivation for the specific purchase of a good or service.