Social institute allows members who receive a pension to apply for loans for different purposes. Among the products in question, Social institute retired payday loans are distinguished.
payday loan for pensioners: the solution for members of the Public Employee Management
Among the Social institute retired payday loans you can find several products. One of the most interesting is the small Social Institute loan ex Government Agency, a solution for members of the Unified Management of credit and social benefits.
In this case, the amortization schedule is between 12 and 48 months and the maximum amount that can be requested is equal to eight months of pension, within the limit of the fifth transferable. The rate is fixed for the entire duration of the repayment plan and is equal to 4.25%. The customer must also consider the presence of an administrative burden equal to 0.50% of the amount requested.
payday loan for retirees ex IPost: here’s what to know
Speaking of retired Social institute payday loans is also to consider the solutions to your subscriber’s former IPOST, the body that, until 2011 and the entry into force of the Reform Monti, was responsible for granting social security benefits to employees of the group Post service Italy and related companies. Now the aforementioned body has been merged into Social institute.
As for the available credit access alternatives, it should be remembered that the primary reference is the transfer of the fifth of the pension.
Assignment of the fifth: the rules to follow
Loans for retirees ex IPost see the assignment of the fifth in the foreground, a fundamental reference to consider when deepening the solutions of Social institute retired payday loans. Before requesting it, it is good to remember some rules.
One of the most important concerns the need to present the communication of the transferable quota to the credit institution, a document provided by the Body which specifies the amount of the maximum installment that can be reduced each month before the treatment is provided.
In this case it is good to remember on which points it is based. The first is the limit of the fifth transferable. The installment repaid each month must not exceed 20% of the amount of the treatment. The second is safeguarding the minimum treatment.
In case of particularly low pensions, in fact, an installment of less than 20% can be applied, with the aim of not affecting the sum of the minimum Social institute treatment – the amount is established year by year – necessary to lead a dignified life.
Sale of the fifth pensioner Social institute: final specifications
We conclude this short guide dedicated to Social institute retired payday loans by remembering that the transfer of the fifth of the pension is characterized by a fixed rate for the entire duration of the amortization plan and below the anti-usury threshold.
Reimbursement can take place in a maximum of 120 months, but for pensioners of particularly old age the limit duration can be lowered to 60 months.