The essential requirement for loans
We deal with the topic of various loans and loans to be granted to foreigners otherwise identified also as non-EU citizens and/ or immigrants and in any case to all those subjects who, for any reason, do not have Italian citizenship. The issue is even more delicate since the peoples of North Africa and some countries in the Middle East ask for more democracy and the entry into our country has increased, especially those coming from Libya but originating in countries such as Syria Tunisia Egypt central Africa etc. and which land in Italy. So, what does a loan mean for immigrant foreigners? What are the conditions or the basic requirement for credit to be granted in the form of financing to immigrant or non-EU foreign citizens?
Let’s proceed with order. In the first place, the status of foreigners and immigrants is very broad and in a very foreign sense it is the one who is not Italian or, to put it better, does not have Italian citizenship. This is obvious. While the meaning of non-EU citizen is intrinsic to the term itself: it is a subject that is outside the European community. Formally, the number of non-EU citizens also includes citizens of rich countries such as the USA, Japan, Australia etc. However, in financial and banking practice, the granting of a loan or loan to foreign immigrants from outside the EU is identified with those citizens who come from poor and/ or developing countries who come to Italy to have a better life: e.g. this is the case of Romanians or Romanians. We will therefore refer to these subjects when, below, we will tell about the requirements for loans to and for non-EU foreigners online.
Problems or conditions and/ or requirements
We advise that the problems or conditions and/ or requirements as well as the documents needed by foreign immigrants from outside the EU are the same as those required by those who have Italian citizenship. But there is a substantial basic requirement that the immigrant foreigner must necessarily possess in order to access any form of credit or official financing: the residence card or the EC residence permit (see residence permit).
This/ or is a particular administrative act or authorization that authorizes a non-EU citizen, even a stateless person, to legitimately stay in our territory. In the absence or without the residence permit it is in all respects an illegal immigrant and as such, as long as the Bossi Fini law does not change, it is illegal and liable to criminal conviction. The consequence of all this is the absolute denial of loans and financing by official financial channels. The only possibility of even small loans in favor of non-EU foreigners without a residence permit is to find private lenders or get in good standing.
The presence of the residence permit
In the latter case, the presence of the residence permit will equate the foreigner to the Italian in all respects. Therefore, only in the presence of a residence permit are banks or financial institutions authorized to provide loans for non-EU foreigners according to normal credit rules, that is: the documents beyond the permit are the passport or equivalent document, the tax code and the tax return. The latter documentation is not necessary if the foreigner has a guarantee and/ or a third party guarantor that guarantees for him and in this case we can define them as real loans for foreigners without paychecks or without income .
But in normal cases it is now possible to advance a personal loan or, for those who have an employer, also a transfer of the fifth as well as other forms of financing already provided for those who have our citizenship. Ultimately, all the legislation that revolves around financing for foreigners rests on the issue of the card or residence permit without which no bank will grant the loan to the illegal immigrant. Finally, the Italian cities to which the greatest requests for loans for foreigners come with and without a paycheck are Rome and Naples.