Loans
Hi!
My Name is Riccardo from Italy.
My Salary earn 200€ a Months.
Is there any chance of obtaining a loan of €20,000 for my salary of €200 per month? If I exceed the term of the loan, is there any chance of paying it back in monthly instalments?
Please help me, I'm doing this for my savings and my health.
Thanks
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Hi Riccardo, with a salary of €200 a month, it’s extremely unlikely that any bank or formal lender would approve a €20,000 loan, because lenders usually base approvals on your income and ability to repay. Borrowing such a large amount would carry huge risk and likely very high interest. Instead, you might consider smaller, manageable loans, saving gradually, or looking for local assistance programs that can help with health or personal needs. Always avoid informal lenders who promise large sums—they can be very risky.
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