Mini Loan: the convenient postal loan in 2019
Mini loans are one of the quickest and most practical methods for obtaining a small sum that can be allocated to particular projects or expenses. However, it is often difficult to obtain loans with a sum lower than 1000 euros. In fact, many financial institutions, including some banks, do not lend such small sums. What about if you need a mini loan? Who could you turn around to get it?
One of the options you might consider is to rely on Postal service Italy. Postal service Italy in fact makes available to its customers the possibility of requesting mini loans. The mini loans made available by Postal service Italy are various, there are in fact various types of mini loans characterized by different amounts that can be requested and different characteristics.
If you need a loan amount of less than 1000 euros, you may want to consider the Special Cash Post Pay mini loan. This is a mini loan that can be requested at any Post Office that will top up your Post Pay card or your Post Pay Evolution card.
But what is the Special Cash Post Pay loan? How can you request it? What are the requirements for obtaining this mini loan? And what are the terms of disbursement and reimbursement? Let’s analyze the characteristics of the Special Cash Post Pay.
Special Cash Post Pay Loan
The Special Cash Post Pay is the loan that goes to top up your Post Pay card or your Post Pay Evolution card with an amount ranging from a minimum of € 750 to a maximum of € 1500. The amount chosen will be paid directly on a Post Pay card of your choice and can be used in complete tranquility to make purchases, deal with unexpected expenses or even start small projects.
This mini loan has features that make it perfect for anyone looking for a small loan that is easy to request and convenient to repay. In fact, the Post Pay SpecialCash will be credited directly to the Post Pay card you choose. The repayment methods are varied, you can choose between three different repayment options. Moreover it is a fast loan, in a few days the amount you will request will be available on your card.
In addition it is a mini loan with flexible amount, three different top-up plans are available. These three floors are characterized by different amounts and obviously also by different durations up to a maximum of 24 months. A further advantage of this mini loan, and I assure you that it is an advantage not to be underestimated at all, is that it is a loan that can also be requested by those who do not have a paycheck but are still provided with a demonstrable income.
Features of the Special Cash Post Pay
But what are the characteristics of the Special Cash Post Pay mini loan? Well, in part we have already mentioned some but let’s analyze them in detail in order to know the subject in a comprehensive way.
The main feature of this mini-loan is the fact that the loanable amount can be from a minimum of € 750 to a maximum of € 1500. It is one of the few loans that offer the possibility to request a sum below the 1000 euros. It is therefore a particularly practical solution for those who need a small amount to cope with certain situations or expenses.
Another feature of the SpecialCash mini loan is the possibility of being credited with the amount requested directly on the Post Pay card of your choice. Moreover, since this is a mini loan, waiting times are much shorter, in fact, after approval, you only have to wait a few days to get the required sum.
Another interesting element to take into account is the possibility of being able to apply for this mini loan even if you do not have a paycheck to present. It is obvious that this does not mean that the loan is also paid out to the unemployed, you will still have to show that you have a certain income if you want to get the sum requested. However, the mini loan Special Cash Post Pay is certainly a loan with very flexible and adaptable characteristics to different needs. As you will see by reading the rest of the article, this mini loan is also simple to request and provides an excellent rate of interest.
Requirements for requesting the mini loan
We have analyzed in brief the main characteristics of the postal mini loan Special Cash Post Pay, now let’s analyze the requirements to request this particular type of loan. First of all, the fundamental condition for requesting and obtaining this loan is the possession of a Post Pay card, which is normal or of the Evolution type. This is a fundamental condition because the amount you are going to request will be paid directly to the card in your possession. So, if you do not have one yet, apply for a Post Pay card.
Then there are other characteristics that the loan applicant must comply with. At the time of applying for the loan, you must have an age between 18 and 70 years. You will also need to be resident in Italy. The methods of applying for the Special Cash Post Pay loan are really simple and quite immediate. All you need to do is go to a post office and fill out a form to be delivered to the clerk at the counter. Together with the form you will need to present a precise documentation. Let’s see together what documents you will need:
- Valid identity document
- Health insurance card
- Document attesting the applicant’s income
For foreign citizens, however, other documents are also provided, it is about:
- Passport, to be presented in addition to the identity document
- Residence card or residence permit valid
- Document attesting residence in Italy for at least 12 months (if you work as an employee) or 36 months (if you work as self-employed)
- Document attesting that you have worked with the same employer for at least 12 months
Please note that depending on your own characteristics, before approving the loan requested by you, you may be asked for additional documentation to be submitted compared to the one I have listed.
Amount and duration of the loan
The Special Cash Post Pay mini-loan allows you to request an amount ranging from a minimum of 750 euros to a maximum of 1500 euros. The amount will obviously be decided by the borrower and, depending on the amount requested, will also have a different duration.
|€ 750||15 months|
|€ 1000||20 months|
|€ 1500||24 months|
In the table above you can easily see in detail the three types of loan SpecialCash. You will indeed have three different options. If you request a sum of € 750, you will reimburse the entire sum in 15 months. Instead requesting a higher sum, in this case we speak of € 1000 or € 1500, you will have the opportunity to repay the total amount in 20 or 24 months.
These are three excellent options that are well suited to different needs. Also remember that you can apply for the PostCredit mini-loan Post Pay all those who have a job, whether employed or self-employed, pensioners and even those who do not have the opportunity to present a paycheck. Obviously the unemployed can not apply because they do not have the right requirements. Since they can not prove that they have an income, they do not offer any kind of guarantee to the lender who can not therefore grant them any type of credit.
Loan provision procedure
The mini postal loan Special Cash Post Pay is one of the mini loans that provides a very simple and rather immediate delivery method. In fact, the entire sum requested by you will be paid directly on the Post Pay card, normal or Evolution, which you own. This method of delivery is particularly practical as it is quick and allows you to quickly get the full amount you have requested.
The amount of the loan will be credited through a top-up carried out by Postal service Italy on the Post Pay card that you have indicated in the request for a mini loan. This is an advantageous mini loan also because waiting times are extremely short, in fact, after a few days from the acceptance of the loan request, the entire sum will be credited. There will therefore not be long waits nor excessive and complicated bureaucratic procedures.
The time taken to assess the demand and disbursement of the loan are generally much lower than those which would be necessary for the approval of a normal personal loan. In addition, the loan management method is also particularly convenient and practical. In fact both the payment of the sum and the payment of the monthly installments can be done simply by using a Post Pay card.
Loan repayment procedure
What about the repayment arrangements of the SpecialCash mini loan? How cheap are the interest rates applied to this loan?
The repayment of the sum requested is made by the comfortable monthly installments of the fixed amount. The duration of the repayment will obviously depend on the amount you have borrowed. The higher the sum, the longer the repayment period will be. However you will have to repay the sum in up to 24 monthly fixed installments. The loan can be repaid using four different methods:
- Through the payment of fixed installments directly charged to the postal current account
- Through the payment of fixed installments directly debited to a bank account
- Through the payment of fixed installments debited on Post Pay or Post Pay Evolution cards
- Through the payment of postal bills that will be sent free to your home
You will then have the opportunity to choose between these different repayment methods. The debit on a bank account or postal account or on a Post Pay card will certainly be easier and faster. While, if you choose to pay the installments through postal slips, remember that the costs for the payment of the bills will be at your expense.
On the other hand, as regards the commissions of interest requested by Postal service Italy, these also vary according to the amount requested. For an amount of € 750 you will pay a commission of € 4.50 a month. For an amount of € 1000, you will pay a commission of € 6.00 per month; finally, for an amount of € 1500, you will pay a commission of € 9.00 per month. These expenses must then be added to the fixed costs set by the lender, in this case Postal service Italy.
Can I apply for a loan without a paycheck?
We have already mentioned in a previous paragraph that one of the most interesting features of the Special Cash Post Pay mini postal loan is the possibility of being able to request it even without presenting a paycheck. This mini loan is indeed very flexible, so it is also perfect for self-employed workers or pensioners who are not able to produce a valid paycheck.
But be careful not to confuse the lack of a paycheck to be presented with the lack of income. It is true that this mini loan can also be requested without presenting a paycheck, but this does not mean that it is a loan that can also be requested by those who do not have a job. In fact, the unemployed can not apply for the Special Cash Post Pay loan, precisely because they can not prove they have an income.
On the other hand, pensioners or self-employed workers with a certain monthly income, even if they do not have a paycheck to present, can apply for this loan. The requirement therefore to apply for the SpecialCash is not the presentation of the paycheck but the attestation of possessing an income.
Benefits of the Special Cash Post Pay mini loan
After examining in detail the characteristics of the Special Cash Post Pay mini postal loan, we can go on to summarize what are the main advantages of applying for this particular type of loan. First of all, the Mini loan SpecialCash will allow you to request a sum that goes from 750 euros to 1500 euros, it is small amounts that are usually granted rarely.
Furthermore, both the loan and repayment procedures are very advantageous and are particularly practical. In fact, the loan will be credited directly to the Post Pay in your possession that you indicate in the request form; also the reimbursement will happen through the payment of monthly fixed installments that you can pay in various ways.
Waiting times are much lower than any other personal loan; in fact, after approval of the loan request, only a few days will pass and you will already have the entire sum required on your Post Pay. The mini loan Special Cash Post Pay is therefore the ideal solution if you need a small amount to invest in your projects.