New business loans for young people who wish to realize their dream of opening their own business, both professional and small-to-medium.

Access to business loans for young people

Access to business loans for young people

It is in fact a sort of revolving fund, christened in an evocative way “Self-employment”, reserved for all young people aged between 18 and 29 years regularly enrolled in the well-known “Youth Guarantee” program , a specific initiative for place young people under 30 in the working world.

Another fundamental requisite for being able to take advantage of this beautiful funding opportunity is to be part of the so-called NEETs , ie the applicant must necessarily be a subject without any type of employment, but also without training courses or scholastics initiated or in progress at the time of submitting the application.

Going into more detail this advantageous operation started from an initiative of the Ministry of Labor with the aim of concretely helping young people to find their own career path, whether they are looking for an economic possibility that allows them to pursue a career as a worker autonomous but also for those who, on the contrary, want to start an activity.

In fact, three different forms of financing are envisaged, united by the fact that they do not have expenses related to additional interests and can be used by young people, in fact, without real guarantees that would otherwise be excluded by traditional forms of financing because they lack the basic requirements.

The Microcredit is the type of loan that allows to obtain variable figures ranging from 5,000 to 25,000 euros, for larger amounts up to 35,000 euros you must access the extended credit, while from these figures, up to 50,000 euros, are instead granted real personal business loans. Each subject may also decide to return the credit obtained in a maximum duration of 7 years for a maximum of about 84 monthly installments.

Loan estimate of 10000 euros

Loan estimate of 10000 euros

Financial: Simple Loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.33%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185 , 28 Feasibility check 

Financial: Credit
Product: Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602

Monthly installment € 193 , 37 Feasibility check 

Financial:
Personal Loan
Product: Personal Loan
TAN Fixed: 6.50%
APR: 6.80%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.764