Choose state employee Social Institute loans and get up to 150 thousand dollarsOn March 29, 2020 by admin
Government Agency loans for state employees on special terms
The economic crisis that has gripped our country for years and the increase in the cost of living have made access to credit a necessity for many citizens. This is confirmed by the continuous increase in requests for personal loans. Situation in which civil servants undoubtedly have an advantage over other categories of workers, since they can resort to Social Institute government employees.
Credit lines introduced by Government Agency, which, following the suppression of the institution, have passed to the management of Social Institute Public Employees. Designed to meet various economic needs, Social Institute government employees are divided into small loans and multi-year loans.
Small Social Institute government employees are personal loans that allow you to access sums of up to 8 average net monthly earnings, with which to face urgent and sudden financial needs. Long-term loans, on the other hand, are granted, with amounts that can reach 150 thousand USD, only in the face of documented economic needs falling within the cases envisaged by the Social Institute Loans Regulation.
Contractual conditions and credit access requirements
Small loans can be obtained by all civil servants registered in the unitary management of credit and social benefits. Since these are personal loans, when requesting credit, it is not necessary to present a cost estimate or medical certificate.
The loan can last 1, 2, 3 or 4 years and for each year of duration it is possible to obtain two average net monthly payments received by the applicant. The amount that can be financed is reduced to an average monthly salary for each year, in case the employee has other deductions in progress for assignments of the fifth of the salary. The interest rate is fixed at 4.25%.
Unlike what happens with small loans, multi-year loans are aimed at purchasing a specific good or service. Duration and amount financed therefore vary according to the reason for which the credit is requested, as established by the Social Institute Loan Regulation. In any case it is good to specify that the amortization plan can only be five or ten years. The tan is fixed at 3.50%
How to submit the application
In order to access multi-year loans, it is necessary, in addition to the registration to the Unitary Management, to be able to count on contributions to the aforementioned fund for at least four years. For the purposes of access to credit, civil servants must also have an open-ended employment contract and four years of retirement
Temporary employees (for a period of not less than three years) can also access credit, provided that the multi-year loan is extinguishable during the term of the contract.
But how to apply for government employees Social Institute loans? The application for funding must be drawn up on the appropriate online forms (available in the “All Modules” section of the Social Institute.it site). The request must be submitted electronically, through the Administration to which it belongs.
Social Institute loan simulation Government Agency online
Those who wish to know in detail the conditions of the Social Institute government employees accessible to them can take advantage of the online service on the Social Institute portal.
The web application for the installment calculation is accessible to all users and does not require authentication with Pin Social Institute. Unlike the simulators present on the Net, the Social Institute calculator is designed to help civil servants to orient themselves in offering Social Institute government employees.
With little data entered, the calculator indicates all the Social Institute ex Government Agency loans accessible to the user. The amounts that can be financed (maximum and minimum) as well as the monthly installment, the expenses applied and the interest rate applied are specified.