The least favored category by the Banks is certainly that of young people. With skyrocketing unemployment (it is estimated that 40% of under 35s do not have a permanent job) and the dramatic absence of prospects, many youngsters find it difficult to integrate into society and build a future, and remain so long economic help of families.
All this is also negatively reflected in the possibility of obtaining loans: how is it possible to apply for a loan without presenting a paycheck or to be able to show an income, albeit a minimum? This means that, in many cases, young people find themselves unable to continue their studies or start a personal activity, precisely because of the lack of funds.
To obtain a loan , in this sense, becomes an important opportunity to put an end to this stalemate: for this reason, the State and the Public Administrations have started a series of non -repayable loans or with particularly favorable conditions, strategically designed for those boys and girls who want to undertake a personal project.
In this article we will list the various opportunities offered by state bodies, municipalities and the European Union : these are ‘social’ loans, aimed at favoring the economic development of less well-off citizens, who can not exhibit particular guarantees.
Loans for students without a paycheck
One type of funding studied ad hoc for young people is that of student loans : these are funds provided to those students who need grants to continue their school or university career, or to pay for any masters or training courses .
In these cases, the sum is paid directly to the young student’s current account, and can be used to cover expenses related to the study: rent (for out-of-town university students), purchase of books or computer support, specialization courses and study trips ‘abroad.
The amount obtained can be returned in two forms: either in a single solution, immediately after completing the training period, or after a year, through an installment plan with decidedly more comfortable interest rates, compared to those of common loans personal. In this way, the young man has time to enter the world of work and therefore the possibility of repaying his debt thanks to the perceived salary.
This is a very interesting opportunity, as it allows less well-off young people to continue their training and therefore find a better job: it is well known, in fact, that university education (or at any rate a high level specialization) is one fundamental tool in the search for a job.
An equally interesting opportunity concerns the subsidized loans offered by the European Union, the State or local authorities: these are funds aimed at encouraging the development of small businesses or supporting the most disadvantaged sections of the population, such as housewives, precarious and , in fact, young people without a job.
These loans have extremely advantageous conditions: minimum interest rate, flexibility, installment plan diluted over time, and in some cases they are even non-repayable. The most interesting aspect, however, is given by their accessibility, as it is not necessary to provide any guarantee (paycheck or possession of goods) to make the request, and therefore may also include those who have just completed their studies and they do not yet have a profession started.
Loans for young entrepreneurs
Loans for young entrepreneurs are a good solution for those young people who want to start their own project or business, but do not have the financial means necessary to purchase materials and premises. These are funds provided to those citizens who have not passed the thirty-fifth year of age and who, above all, are able to exhibit a well-defined project: the main condition, in fact, to access this type of funding is precisely the presentation of a convincing business plan , outlined in detail.
In most cases, these loans are non- repayable , that is to say that they must not be repaid: in fact, they are funds allocated to favor certain particular activities or categories of people. A good example is the funding for young farmers , provided by the state agencies to give a boost to the agricultural sector and to revive the economy of the provinces and small towns, facilitating the repopulation of the countryside.
To access it, the young person must prove that he is unemployed and wants to start a personal agricultural activity (or to hold the position of administrator in an existing company), but above all to have acquired the basic skills to work in that field.
There are, however, numerous categories of non-repayable loans: some of them are for research and development, others for the defense of the environment or projects related to alternative energy, biological or recycling, and still others for women and housewives. who want to start a business or graduates who want to perfect their training or start a start-up of their own competence.
The advice we give you, if you are interested in requesting such funding, is to regularly inform the administrations and keep an eye on the portals and websites of the bodies that provide these funds: every year, in fact, they are published numerous calls and competitions, as well as a wide range of online loans are presented with extremely advantageous terms.