How does the Social Institute loan simulation transfer of the fifth

Why use the Social Institute loan simulation of the fifth, what to do to calculate the repayment? It is a simple online service to use and essential to know the peculiarities of the amortization plans. The operations are not many and lead to a completely personalized calculation.

Loan calculation, all the information on the services to use

Loan calculation, all the information on the services to use

There are no restrictions on the use of the Social Institute loan simulation for the transfer of the fifth. This falls within the field of functionality that is available by accessing the portal of the National Social Security Institute.

The calculation service must be achieved by using first of all the ” All services ” page, thanks to which the user can view, in detail, the activities he can carry out on the portal of the social security institution.

As far as simulation is concerned, the service to be used is Public Employee Management: simulation of the calculation of small loans and long-term loans. It is an easy-to-use calculation system: the type of loan simulation Social Institute assignment of the fifth (simulation, simulation by installment, simulation by amount) must be chosen and then the data must be entered.

What will be calculated are two loans managed by Social Institute, namely the small loan and the direct multi-year loan. Two proposals that meet the needs expressed by civil servants and pensioners enrolled in the unitary management of credit and social benefits.

From the small Government Agency loan to the multi-year direct loan

From the small Government Agency loan to the multi-year direct loan

The small loan is associated with a fixed rate of 4.25%, while selecting the direct multi-year loan the member has a rate of 3.50%.

There are also important differences regarding the duration, the Small loan implies repayments ranging from 12 to 48 months. The direct Multiannual instead provides for credit repayment projects in five or ten years.

The Small Loan is a valid resource for incurring small expenses of various kinds. The Multiannual is linked to particular uses that are specified in the Social Institute Regulation.

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How to get facilitated loans for teachers

What they are and how they work

What they are and how they work

With the elimination of the Government Agency, all credit services which in the past belonged to the Government Agency have passed to Social Institute. Among these we find ex ENAM loans, credit lines at special conditions granted in favor of teachers and didactic directors of elementary and nursery schools enrolled in the Social Institute Master’s Management. See cdiaphoto.com for a write-up

Those applying for an ex-Enam loan can obtain a maximum sum equal to two average net monthly wages received by the applicant. The monthly salary in use by the applicant at the time of submitting the application is taken into account for the definition of the maximum amount that can be financed. Also included any fixed and continuous checks.

But what are the requisites for obtaining ex Enam Social Institute loans? Only workers enrolled in the Social Institute master’s degree in service activities can benefit from subsidized conditions. In order to grant the loan, the applicant must also be at least two years away from retirement.

Interest rates and repayment plan

Interest rates and repayment plan

As regards the repayment terms, the amortization plan provides for an amortization plan in monthly installments which extends for 24 months. As already mentioned, the sum that can be financed cannot exceed two salary months received by the applicant.

An interest rate of 1.5% is also applied to loans formerly Enam Social Institute. The gross amount of the loan is also reduced by a portion equal to 1% of the loan for the payment of the premium of the Social Institute guarantee fund and administration costs. Amounts that are deducted early from the loan amount.

Small Enam loan purpose: for what expenses you can get it

Small Enam loan purpose: for what expenses you can get it

We also remind that ex ENAM loans are granted by Social Institute only on condition that the applicant has to face one of the following expenses :

  • purchase of the house of residence;
  • financing of extraordinary maintenance works on the home;
  • mortgage in progress for the purchase of the first house;
  • marriage of the worker or a child;
  • serious illness of the applicant or a family member;
  • expenses related to the death of a family member;
  • expenses related to the birth or adoption of a child;
  • purchase of a car;
  • transfer of the residence of the worker;
  • dental care of the worker or family member;
  • university expenses.