Former Government Agency loans for public employees, Guide to the Offer and Rates
By taking advantage of ex Government Agency Loans for civil servants, you can satisfy many personal and family needs: from the purchase of a home to that of a car. They are credit lines that enjoy advantageous TAN, with various repayment opportunities, the duration ranges from one to ten years. But why get these funds, how should they be requested and by whom are they granted? Let’s find out every detail.
What are and why ex Government Agency Loans are convenient loans
Ex Government Agency loans for civil servants are loans that refer to Social Institute. In particular, the competent structure is the Public Employee Management. These funding opportunities respond to questions from members of the Unified Management of Credit and Social Benefits (civil servants and pensioners).
This is an offer which includes both the products presented directly by the social security institution and those of banks and financial institutions that operate in compliance with conditions defined in collaboration with the Institute.
The direct products correspond to the Small loan for members of the Unified Management and to the Multi-year direct loan, while the Multi-year guaranteed loan is granted by affiliated credit institutions. What are their qualities, how do they work and when to request them? Let’s move on to the details.
Ex Government Agency small loan rate, duration and expenses
The Small Loan is the most versatile product among ex Government Agency loans for civil servants, because it allows many uses. It is therefore the ideal proposal for those who need money to make various, small expenses, perhaps unscheduled.
The TAN characterizes the loan: the interest rate corresponds to 4.25%, one of the lowest percentages on the Italian market. On the amounts, it all depends on the duration of the loan and the value of the monthly salary.
The Regulation establishes various ways of repaying the debt: it starts from a repayment structured in 12 months, but can last up to 48 months.
However, Social Institute foresees some costs that fall on the debtor. There are expenses for the management of the administrative aspects (0.50%) and a premium pertaining to the risks relating to the credit line.
Long-term loans for civil servants: TAN of the assignment of the fifth and the other characteristics
If the member prefers a repayment of the debt distributed over 60 or 120 months, he can think of the direct multi-year loan. In addition to having a different duration, it allows you to receive a lower TAN compared to the Small loan: the rate is equal to 3.50%.
However, it is subject to particular restrictions on the use front. These concern personal and family needs. Here are some of the purposes:
- Ordinary maintenance of the home;
- Purchase vehicle;
- Birth children;
- Purchase of the house of residence;
- Early repayment of the mortgage.
The multi-year loan is provided with a repayment plan marked by the assignment of the fifth.
The Multi-year Guaranteed Loan, unlike other ex Government Agency loans for civil servants, is presented by credit institutions affiliated with the social security institution. These include the main Italian banks.
Like the guaranteed multi-year, it is a product on sale of the fifth.
The request: how to obtain financing
The request for ex Government Agency loans for direct public employees (Small loan and Multi-year direct) takes place via the Web. The user must use the services of the Social Institute.it site. To send the application you must have obtained the Social Institute PIN. Retirees can also contact the Contact center and patronage agencies.