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Good Credit introduces brilliant free travel credit card

For a few hours now, Good Credit has been offering a completely new credit card: the Good Credit Visa. The name is strongly reminiscent of the previous model, the Good Credit New Visa. The new credit card is much more attractive for everyone who likes to travel – there is still a catch.

The Good Credit New Visa has always been a good option

The Good Credit New Visa has always been a good option

Among free credit cards. However, the card was not ideal for travel as it was subject to both foreign currency fees and withdrawal fees outside the dollar zone. Exactly these two disadvantages are gone with the new product. The new Good Credit Visa offers three very central advantages:

  • no annual fee (free credit card)
  • free withdrawals (in Germany & worldwide)
  • toll-free payments in foreign currencies

The new credit card thus offers exactly the same important services as the Santander 1plus Visa credit card, which we have always recommended as a free travel credit card.

Good Credit Visa

  • For a limited time only: 25 dollars starting credit
  • No annual fee
  • Free cash withdrawals worldwide
  • Free payments worldwide
  • Delayed card settlement
  • Compatible with existing account

Is the Good Credit Visa the new best free credit card for travel?

Is the Good Credit Visa the new best free credit card for travel?

With the new fee structure, we would definitely recommend the Good Credit Visa to you earlier than the credit cards mentioned. For example, the ICS Visa World Card does not offer fee-free payments in foreign currencies, with the Fee-Free Mastercard Gold you cannot de facto withdraw money for free. The Good Finance credit card is only available in conjunction with a checking account, and you also have to be an active customer.

Overall, the Good Credit Visa may still not be the perfect travel credit card in the free area, but it comes very close. This is especially true if you have a fixed-term contract or are training. The popular Santander credit card is only available to consumers with a permanent contract as well as selected students and self-employed. Those who do not fall into these groups cannot successfully apply for the credit card.

In this case, the Good Credit Visa, which can in principle be applied for by anyone (provided creditworthiness), is definitely the first choice. It is worth mentioning, however, that we still recommend the Good Credit Platinum Double for frequent travelers, which is free in the first year and costs 99 dollars from the second year. The extensive insurance benefits and the many partner cards make up for this fee.

What’s the catch with the new Good Credit Visa?

bank

Of course, we have already written a detailed analysis of the Good Credit Visa for you. In this you will also find out that there is of course a catch with the new credit card. However, we find that this is less serious than the simultaneous improvements. Specifically, the repayment modalities change.

From the customer’s point of view, these are becoming somewhat more complex and are intended to ensure that more consumers use the so-called installment option. What does that mean specifically? So far, there have been three payment options for the Good Credit New Visa:

  • Direct debit
  • Transfer
  • Immediate move-in

The new product no longer offers the possibility of full direct debit payment for the settlement. Until now, payment by bank transfer and the automatic use of the installment payment option were preset, but in the future you will simply not be able to switch to full repayment by direct debit. However, the minimum direct debit amount changes.

So far, Good Credit has collected two percent, but at least 15 dollars, of the respective card balance from the New Visa. The Good Credit Visa will still collect at least two percent, but at least 50 dollars. If you spend less than this amount, full payment by direct debit is still possible.

Loan insurance, the criteria to make the right choice.

Borrower insurance, the various guarantees

Borrower insurance, the various guarantees

First, remember the 3 types of guarantees a borrower can subscribe:

  • There is a mandatory guarantee in case of Death (DC) / Total and Irreversible Loss of Autonomy (PTIA). In this case, the insurance companies assume the reimbursement of the outstanding capital in case of death or total and irreversible loss of autonomy of the insured.
  • There are then optional guarantees but very strongly recommended: Total Permanent Disability (IPT), Partial Permanent Disability (IPP), Total Working Disability (ITT) and Partial Work Incapacity (ITP) guarantees that cover your monthly payments. loss of income due to a work stoppage or disability. So if you are active, it is better to subscribe to this coverage, however if you already have guaranteed income (retirees or annuitants), the death guarantee can suffice.
  • Finally, there is also a job loss insurance that covers your income losses in case of unemployment. Note that the latter is also optional and not required by banks.

In the case of these 3 guarantees, what do you see that credit insurance is better than another? The best price is not everything, we must also take the time to look at the terms of compensation, the proposed guarantees and all other terms and conditions of sale.

Check how you will be compensated: indemnity or lump sum?

Check how you will be compensated: indemnity or lump sum?

For the Incapacity and Invalidity guarantees, there are two compensation principles:

  • Income maintenance (indemnity guarantee): your contract will only compensate the difference between the daily allowances paid by your social organization and your usual salary.
  • The flat-rate guarantee: repayment of the entire maturity (or in part depending on the percentage of coverage chosen) even if your remuneration is maintained.

The flat rate guarantee is the safest way for you and your bank.

Check the definition of your disability benefit

Check the definition of your disability benefit

In certain contracts, compensation occurs in the event of incapacity to exercise one’s profession.

Other contracts compensate according to the impossibility of exercising any profession. In this case, the possibilities of reclassification are taken into account: this definition therefore reduces your level of protection.

Check the reliability of the contract over time

Check the reliability of the contract over time

The total irrevocability of the guarantees: whatever the evolution of your personal and professional situation (change of profession, departure abroad …) you remain covered under the same conditions.

Maintaining the rate for the duration of the loan.

Check the grace periods of the guarantees Incapacity of Work

Check the grace periods of the guarantees Incapacity of Work

For Total Permanent Disability (IPT) and Total Temporary Disability (ITT) guarantees, there are deductible periods during which you will not be compensated: generally it is 90 days but some companies propose to reduce it to 30 days (interesting in the case of non-salaried workers), or to increase it to 180 days (interesting for employees who have good pension coverage).

Check the duration of the indemnification and the duration of coverage of the guarantees

Check the duration of the indemnification and the duration of coverage of the guarantees

Again, we must remember to check them and especially for the guarantee work stoppage. Most insurance contracts pay up to 3 years but pay attention to contracts that will compensate you for a shorter time. Beyond this period of coverage by the insurance for incapacity for work, and if the company’s medical adviser declares you unfit to resume work, it is the disability benefit that will take over.

Another point to look at also carefully is whether you will be well covered until the end of your loan. Indeed, some guarantees stop at a certain age.

In the majority of contracts, the age limit for membership is 65 and the age limit for termination of benefits is 75. However, there are specific contracts for seniors that can cover up to 85 years of age of underwriting and 90 years of age of end of guarantees. As a retired senior, you will only have access to the death guarantee.

We must therefore focus on contracts that will cover all your guarantees for as long as possible.

Check the contribution calculation base

Check the contribution calculation base

These can be calculated according to the capital remaining to be refunded: in this case, you realize real savings because you do not pay insurance for the principal already refunded! The contribution is degressive according to the capital remaining due.

Other contracts provide instead a calculation on the initial capital, which on the entire loan may penalize you. You still pay the same contribution and yet the risk of the bank decreases along with the remaining capital. However, in some cases where borrowers are old or if there are bridge loans or delayed repayments, these contracts may be advantageous.

It really depends on all the features of your loan and your profile, we can not do general! Consult us, we will indicate you the best type of contract to remember in your specific case.

Look good if the price is guaranteed

Look good if the price is guaranteed

Indeed, some contracts do not guarantee their tariff, that is to say that apart from increases related to age, government tax reforms and various changes in circumstances that may lead to a change in tariff, some companies reserve the right to index their rates at any time and therefore not to guarantee the basic rate to which the borrower had access when subscribing.

You must therefore pay particular attention to this point in the terms and conditions of the contract to which you are about to subscribe.

Exemption from contributions in the event of an accident

Exemption from contributions in the event of an accident

Some companies suggest that you no longer pay premiums for compensation, some after 90 days, others after 30 days, or some not at all.

The best option, of course, is to choose a loan insurance policy that offers a 30-day exemption.

Pay attention to medical formalities

Pay attention to medical formalities

The price is not everything. Indeed, you can find a contract with a better price than another for equivalent guarantees but which may require much more medical formalities than the more expensive contract. In some cases some medical formalities can be cumbersome and time consuming.

In the event that a borrower needs to finalize his subscription quickly because of the signing deadline at the notary are at stake, it will be better to privilege a contract a little more expensive but for which you will get your certificate of adhesion more quickly. 

Check exclusions

Check exclusions

Mentioned in the general conditions of sale, it is necessary to take the time to read the exclusions, even if it may seem sometimes long and boring.

Indeed, in addition to the so-called “general” exclusions (related to the risks of suicide, war, …), one must be aware of other limitations of guarantees.

Thus, sports can be covered at the same rate or with personalized pricing if you are a member of a club, a federation or compete.

In many contracts, you may notice limitations or exclusions for disco-vertebral conditions (ie, “back pain”) or neuropsychic diseases (ie, nervous breakdowns). Attention to this point which concerns a very big part of the work stoppages, think to subscribe the option repurchase exclusions dos and psy in the guarantees IPT / ITT.

Check the territoriality of your guarantees

Check the territoriality of your guarantees

If you travel a lot for work or if you live abroad, while having a credit for a property located in France, it is necessary to favor a contract which covers you all over the world, and which does not limit the duration of trips to 45 days a year, as in many contracts.

Choose your lot

Choose your lot

Thus, for optimal security, choose a 100% coverage rate for each person protected by the contract: if something happened to you, the remaining principal of your loan would be fully reimbursed to your bank. Thus, the support of your credit would not be your heirs!

Bank guide to revolving credit: the details.

In 2017, nearly 200,000 people applied for revolving credit in France. In a few years, this banking service has become a trend, completely changing the relationship of the French with credits. Indeed, both to have a reserve of money without proof as to avoid falling into the red at the end of the month, or to finance a project, revolving credit promises to be one of the best alternatives. Find out how the revolving loan offered by the Good Finance brand works, what are the characteristics of the offer, what are the conditions for joining.

How does revolving credit work?

How does revolving credit work?

This banking service is indeed part of the credits without supporting documents. In other words, the banks have no rights over the management and use of your loan.

As a reminder, revolving credit gives you the right to a capital of 500 to 6,000 USD. The repayment term varies from one borrower to another, depending on the individual’s request, his borrower profile and the capital requested. You do not have to provide proof to the bank. So you can use the borrowed amount as you see fit. It only remains to know how to manage it properly.

In general, families with a revolving credit use it for daily and monthly expenses: payment of bills, children’s school fees, purchase of food and provisions, financing of frequent work, etc. You can then withdraw it via your credit card or directly pay your bills with the same card. Current operations are free.

You can also use the capital that has been granted to you to finance a personal or professional project. It can be a wedding project, a family celebration, a vacation project, or even renovations or building construction, etc.

It is possible to distribute the amount in question in several parts. You can therefore use it both for current expenses and for financing the creation of an activity. In any case, you should only spend the capital granted by the bank. Because, even if you have an authorized overdraft, the agios can cost you a maximum.

You must immediately choose the optimal capital to borrow in your revolving credit. It is a question of the good management of your assets. You should not commit to a capital that you cannot repay. Over-indebtedness can expose you to financial setbacks for several years and to being listed in the red list of the Cream Bank. You should also know that the amount you ask the bank will affect the term of your loan. Generally, a revolving credit is reimbursed in 2 years.

To better manage the available capital, and in particular to avoid overdrafts, you must keep accurate accounts of your expenses. There are apps to do this. Enter all of your cash receipts, including revolving credit capital, and day-to-day expenses. The app will automatically calculate the rest of your money. What allow you to make decisions intelligently according to your financial possibilities.

If possible, leave a margin of a few hundred USD in your account at the end of each month to avoid being in the red. In addition, if you have money left in your account, you will have to pay less the following month. The monthly revolving credits consist in simply putting the ceiling of the amount borrowed back on the account.

Good Finance’s revolving credit offer

Boulanger

The Good Finance revolving credit offer works through the B + card and in partnership with Oney, this revolving credit card will allow you to pay cash, in installments or on credit in more than forty physical stores or in line. In addition to being accompanied by a revolving credit, the b + card will allow you to accumulate 2% of the total amount of your purchases on your loyalty account and 5% on a selection of products.

To obtain your b + revolving credit card, all you need to do is apply online on the baker’s website or apply directly in store by going to the counter with proof of identity, income, domicile and a rib.

Example of rate for a Good Finance revolving loan

If, for example, you want to buy a small computer for a value of $ 500 and have subscribed to a revolving credit for a capital of $ 3000, you can obtain an adjustable APR of 21.12% over a repayment period of 31 months. This will correspond to 30 monthly payments of 20.87 USD and a final one of 10.87 USD, for a total amount due of 636.97, or 136.97 USD of interest charges.

Motorcycle loan by an instant loan is a mortgage loan that you have in your bank account

The funds are available immediately.

The funds are available immediately.

In the case of a loan, on the other hand, you will become the owner of the motorcycle immediately after the conclusion of the purchase contract. Pay back the amount in one go and get rid of the debt burden immediately. An online loan with instant binding. As soon as you have chosen your dream car, you usually want to take it with you as soon as possible.

Get top conditions now! Best bank cooperates with the big banks of the credit market and has the cheapest car loans in its offer. Whether for a new car or a used vehicle: best bank offers you the best deals at the best interest rates! With a car loan from Lender Bank compared to dealer financing, you benefit from a decisive advantage: New and used car dealers usually only cooperate with one or two banks.

It is not likely that these very banks will offer the best conditions in the market. best bank, on the other hand, equates the car loans of the market leaders and thus gives the best overview of the cheapest real estate! When you take out a car loan through best bank, you will receive the cash immediately transferred to your bank account, so that you can transfer or withdraw the money immediately and pay the car in cash.

Top selection, customizable – Use the Lender Bank credit comparison for cars to determine the offers with the most favorable effective interest rates per year. Thus, the cost of borrowing is as low as any other offer. As a rule, the shorter the deadline, the lower the interest rate for the car. However, with monthly rates also rising, it is recommended that an average be determined so that the car loan business does not become an excessively high economic burden.

An instant loan is a mortgage loan that you have in your bank account after you have compared and submitted the necessary documents within a very short time, up to 48 hours after filing the application. On the smart website, you will find a credit check for instant loans and the ability to instantly accept the right loan offer and sign the related contract.

Comparison platform for lending cooperates with several banks

Comparison platform for lending cooperates with several banks

The comparison platform for lending cooperates with several banks in order to always provide you with the optimum range of services. These are some of the institutions with which the company cooperates: In addition, many other banking institutions and credit institutions are involved. Private and private lending is arranged at Auxmoney – so that self-employed, students, and other borrowers who are otherwise volatile are more likely to get an immediate loan deal!

Instant credit and quick credit – what’s the fine vodka? The instant loan and the quick loan are both mostly used synonymously. The credit check on SMAV A is indeed Schufa-neutral and does not provide for bookings. In addition, loans that can be redeemed over a longer period of time are usually considered as instant loans or instant loans or instant loans or as instant loans or loans with a term of more than one year. As a “fast loan” are also understood those loans that are taken up immediately and paid off quickly; usually lower amounts of up to 1000 USD.

What is an instant loan good for? Most interested parties receive an instant loan to finance unexpected sporadic costs. A necessary medical care, a new device or the like can also become an instant loan for the patient. In addition there is the Christmas business. First, visit the special subpage of Lender Bank, which is dedicated to instant review (yes, the link takes you right there).

You can enter your desired amount

You can enter your desired amount

At the top you will already find an entry field in which you can enter your desired amount. In the further course, there is a more detailed reference book between exciting comments on the respective subject area. In addition, there are many facts, features and information that you can examine in addition to the credit comparison. When using the search field or the input mask, follow the instructions on the next subpages and you will choose the best instant loan.

The issue of instant credit and lending in general means that more and more service providers are emerging in the markets that present their offers and product comparisons. The new provider of credit, for example, provides a form of credit line through smartphones with its application, but the interest rates are very high. Because there are a lot of fees for service providers, mediators, borrowers, and so on.

Cheap service providers such. For example, smart, which has many years of experience and many cooperation partners, are more interesting and can plan larger quantities. Of course, an instant loan should only be given out if you know that you can do it quickly. In the search for the best service provider, ie the best credit bank, it is worthwhile to visit such comparative sites as this one.

There is a reconciliation of many banks and some intermediaries; the queries are free and without obligation; and at the end you will receive exactly the desired balance.

Installment credit insurance.

As soon as you want to take out an installment loan as a creditworthy loan prospect, ask yourself whether installment loan insurance is really necessary. There is residual debt insurance, which can be taken out for the personal death of the borrower. This residual debt insurance pays back the remaining loan amount to the lender in the event of the borrower’s death.

In addition, this insurance can be extended if necessary, so that in the event of a longer incapacity to work that lasts longer than six weeks or a possible innocent unemployment after a few months, you will be repaid for the loan. Risk life insurance is paid in the event of the policyholder’s death and is not directly linked to the regulation of bank credit.

The advantages and disadvantages of installment credit insurance

The advantages and disadvantages of installment credit insurance

Taking out the loan becomes a risk for your family if you suddenly cannot pay the installments due to a long illness, loss of job through no fault of your own or, for example, a fatal car accident. Unpredictable events can throw your family off the rail humanly and financially, and adequate insurance coverage reliably protects the borrower’s failure.

The information about the installment credit insurance and the conclusion with a bank increase the total cost of the loan. In the case of construction loans with a long term, taking out residual debt insurance is one option in the event of death not to burden the family financially with the residual loan.

With smaller installment loans, residual debt insurance is often too expensive and is actually only required if there is no other insurance cover. With new insurance companies, it is worth comparing the insurance offers, because direct insurance policies are often significantly cheaper.

Check residual debt insurance in individual cases

Check residual debt insurance in individual cases

When considering whether you need insurance coverage for the loan, you should note that the insurance amount of the selected insurance must not be too high. After all, you already have to pay the repayment rate, the processing fees and the interest. As soon as an excessive amount of insurance is added, there is a risk that the initial costs will burden the family budget. With a residual debt insurance, the insurance premium is usually due at the beginning.

The insurance cover then extends over the entire term of the installment loan. If the insured person dies during the loan term, the existing residual credit insurance takes effect and pays the remaining loan amount. If you already have a life or risk life insurance policy, this is usually enough to secure a small loan.

Credit-independent insurance can be cheaper

Credit-independent insurance can be cheaper

If you already have insurance protection through a capital or risk life insurance, this is often sufficient for a smaller installment loan. For uninsured people with high loan amounts, insurance can be a good option to protect the family from financial burdens from the loan in the event of death.

When taking out installment credit insurance through the bank, the insurance premium is often immediately payable as a one-off amount. It can be more economical to take out insurance directly, regardless of the loan.

Fast Government Agency Loans

 

Government Agency loans are special loans dedicated to employees and pensioners of the public administration. After the elimination of the Government Agency, these loans are provided, together with all the other services, by Social Welfare. Below you will find an in-depth guide and all the information you need to obtain affordable financing.

In fact, each credit institution has special agreements with some institutions and institutions, which allow their employees to access credit on favorable terms, such as lower interest rates than market averages, greater ease of disbursement or lower ancillary costs or null in some cases.

Among all public workers, those administered by Government Agency fall into a special category, with numerous offers and advantages in the field of loans. These are all the workers today administered by Social Welfare, into which all the public social security institutions have converged, in particular the employees of the public administration registered in the Public Employee Management.

Sale of the fifth Government Agency

Sale of the fifth Government Agency

The most commonly used type of Government Agency loan in the agreement is the transfer of the fifth, a non-finalized loan for which it is not necessary to declare the purpose of the loan, but can be used for the most varied needs, such as obtaining liquidity, buying a car, finance your debts, pay travel or school fees, renovate your apartment or buy any goods or services.

This is a loan linked to the acceptance by the Institute, which in the positive case will directly pay the monthly installments by deducting the salary or pension. The amount payable varies according to the monthly installment which cannot exceed 1/5 of the net salary, for a maximum of 120 months. In this case, the accessory costs vary according to the individual agreements made with the credit institutions, such as the fixed interest rates, the TAN, the nominal annual rate and the APR, the annual percentage rate of charge, the costs of the preliminary investigation, management and sending of periodic documentation (source: prestitisbp)

The transfer of the fifth Government Agency requires a compulsory life and non-life insurance policy, the cost of which is included within the monthly installment. In case of early repayment of the loan it is necessary to pay a commission of about 1% of the remaining amount. To apply for this personal loan it is necessary for employees to be aged between 18 and 65 years, not to be exceeded at the end of the loan, as well as at least 3 months of service seniority and an open-ended employment contract. In some cases fixed-term contracts are also accepted, but the duration of the loan must be shorter than that of the contract itself.

Government Agency loans in comparison

Government Agency loans in comparison

Retirees, on the other hand, must not exceed 85 years of age at the end of the loan repayment, have a pension higher than the minimum both in terms of seniority, old age or disability. It is not possible to obtain the assignment of the fifth with all the other types of social security treatments, such as civil disability pensions or income support checks.

The necessary documentation concerns your identity document, the tax code, and the latest paycheck or pension slip. The transfer of the fifth can also be requested by the protested, foreclosed or by those who have been reported as bad payers.

How the Government Agency loan works

How the Government Agency loan works

Among the best offers for the sale of the fifth in agreement with Social Welfare and the former Government Agency, we find that of Unicredit, which offers a loan repayable up to 120 months, for a maximum of $ 72,000 for civil servants and $ 69,000 for retirees, with an interest rate lower than the market average and the compulsory insurance policy fully borne by the bank.

In addition, in this period a rate of 5.30% is offered exclusively for public employees, who will make a loan request online through the group’s website. Another very interesting offer is that of Compass, which offers assignments of the fifth for both public and state employees, and for pensioners, under special contractual conditions, such as the elimination of brokerage costs, the possibility of requesting an advance on the loan, agreed interest rates and speed of disbursement.

For both, it is possible to request up to a maximum of $ 75,000, without the need to provide additional guarantees, even if protested, foreclosed or reported in the bad payers lists. Among the best offers of transfers of the fifth for public and government employees in the agreement is that of Prestitalia, the financial company of the Ubi Banca group, which offers loans with a TAN of 5.60% and an APR of 6.73%, in promotional route until 31 December 2016.

In addition, disposals of the fifth agreement with Social Welfare and ex Government Agency are envisaged for pensioners, which can be requested completely online with favorable conditions, speed of payment and advantageous interest rates, up to a maximum of 80 years of age not to be exceeded at the end of the repayment of the loan.

Loan with Government Agency delegation

Loan with Government Agency delegation

The loan delegation is nothing more than an assignment of the additional fifth, which allows to request higher figures through the increase of the monthly installment. This can go up to a maximum of 50% of the salary or pension, always for a maximum duration of 120 months. All aspects of the delegation of payment are exactly the same as the transfer of the fifth, such as the fixed costs, the compulsory insurance policy and the 1% commission for early repayments, as well as the documentation necessary for the request or age limits and length of service.

One of the best offers of payment proxies in the agreement is that of Best Bank, which offers the possibility of requesting up to a maximum of $ 100,000, at favorable conditions and interest rates. The categories included in this promotion are employees of the State Police, the Penitentiary Police, the Guardia di Finanza and the Air Force.

Interest rates vary from 4.45% to 6% for the TAN, and from 7.55% to 9% for the APR. The maximum age is 65 years or 35 years of service, not to be exceeded after the loan has been repaid. To request this payment proxy, you must present your identity document, the tax code, the latest paycheck and the service certificate issued by your administration.

Or you can see if you fall into one of the many agreements entered into by PrestiNuova, the financial company of Banca Popolare di Vicenza, which allows you to request payment proxies at subsidized conditions for public and state employees, repayable from 24 to 120 months, at advantageous interest rates, with quick and easy to request disbursements.

Agos also offers loans through the delegation of payment at particularly favorable conditions for civil and government employees, which can be requested completely online. In particular, Agos offers the possibility to request an advance on the loan available after a few days, and interest rates below the market average.

To request a loan through the delegation of payment it is necessary to provide your identity document, the tax code and the last paycheck, as well as having to constrain your TFR accrued to guarantee the loan. It is possible to request the delegation of payment even if foreclosed, protested or reported as bad payers.

Small Loans Regulation

Among the various forms of loan agreement offered by Government Agency, there is that of the small loan, divided into three different categories according to the type of public worker. The first relates to civil servants and retirees enrolled in the Unified Management of credit services, who can request a small loan repayable through a deduction from their salary or pension.

The second offers workers enrolled in the Magisterial Management the opportunity to apply for small loans up to a maximum of two months, at preferential conditions, while the third concerns employees of Poste Italiane and its subsidiaries, who can apply for loans of small repayable amounts. under special conditions from 1 to a maximum of 4 years.

For these types of Government Agency loans it is not necessary to declare their purpose, and it is possible to request them directly online as regards retired people, while for public sector workers it is necessary to fill in the appropriate form and present it in the offices of the relevant administration. Interest rates are very low, on average around 4.25%, while the amounts are linked to the financial situation of the applicant. For example, if you do not have any type of active loan, such as assignments of the fifth or anything else, you can get up to a maximum of 8 months, from a minimum of one month.

Multi-year direct financing Government Agency

It is a particular form of loans, dedicated to public and state employees registered in the unitary management of social and credit benefits. In this case it is possible to request a finalized personal loan, the request of which must be accompanied by an adequate certification on the motivation of the loan.

It is possible to request loans repayable in 60 or 120 months, at subsidized conditions and interest rates. To obtain these loans, it is necessary to hold an open-ended employment contract, while in the case of fixed-term employment contracts, it will be necessary to have a duration of the same equal to or greater than three years and provide your TFR to guarantee the loan.

Calculation of multi-year guaranteed loans

Calculation of multi-year guaranteed loans

The guaranteed multi-year Government Agency loans are non-finalized personal loans, with the possibility of repayment in 60 or 120 months, guaranteed precisely by Social Welfare. To request them, you must have had an employment relationship with a public or state institution for at least four years, and present a certificate on your health.

As for the amounts and costs, these vary according to the various agreements entered into by the Social Security Institute with the credit institutions, while the fixed costs are 0.50% for the expenses incurred by the Social Welfare and a fixed cost at coverage of non-payments of 1.5% for 60-month loans and 3% for 120-month loans.

With this type of loans, Social Welfare guarantees the credit institution against any problems related to payment, for wages reductions, for termination of the employment relationship without having acquired the right to pension treatment or for the possible premature death of the debtor.

Scholarship Tables

All parents with public or state employees, enrolled in Public Employee Management or Master’s Management, can participate in competitions to access scholarships made available by Government Agency.
These are special rankings which are drawn up annually, based on the academic marks of the members and the income situation, the ISEE, of their family. If you are able to enter limited places, it is possible to obtain a scholarship to support school expenses, related to attending schools and universities, European and foreign schools, or Italian schools abroad.

To participate in the competition calls, it is necessary to apply online on the Social Welfare website, using your device PIN, attaching your family ISEE. Calls are usually made in the winter, between January and February.

Loans for retirees and civil servants

In the field of loans and financing, surely the sector that concerns public employees is one of the most advantageous and full of offers at favorable conditions. Historically in our country, employees have always been divided into two broad categories, those in the public sector and those in the private sector. Employees of the private sector have always had different conditions, such as the possibility of being fired, transferred or re-discussing wages, working hours and accessories to wages such as thirteenth, fourteenth, overtime, holidays, illness and permits.

Especially in recent years we have seen how even in very large companies it is possible to undergo major changes in one’s salary, due to poor company results or internal and external economic crises. Even in the field of loans and financing, private sector workers get conditions in line with the market, neither more nor less.

On the other hand, public sector workers can enjoy a whole series of privileges which, even if it is no longer as in the past, allow them both to face life more serenely, and to obtain loans and financing at favorable conditions. This mainly depends on the difficulty with which these workers risk losing their jobs, which is a first-rate guarantee for credit institutions. In addition, the employer’s reliability means that banks and financial companies keep these workers in check when requesting financial services.

How Government Agency mortgages work

How Government Agency mortgages work

All public and state employees with permanent contracts and pensioners, who have been enrolled in the unitary management of social and credit benefits for at least three years, can apply for an Government Agency loan, with special facilitated conditions.

This is the possibility of obtaining mortgages for the purchase or renovation of the first home up to a maximum of $ 300,000, repayable from 10 to 30 years at a fixed or variable rate. To apply for this type of mortgage it is necessary to fill in the specific application form available on the Social Welfare website, and present it to the Social Welfare territorial office, management of the former Government Agency of the area where the property is located. To submit the application it is necessary to complete the form completely in all its parts, and to present it in the time windows of January, May and September, always from 1st to 10th of the month.

Each year special rankings are created based on the requests made, the financial and income situation, and the cash availability of the Social Security Institute. Interest rates, both fixed and variable, are usually granted on favorable terms, while payment is made through pre-filled MAV bulletins.
To use these services, however, the device PIN is essential, to access your personal area on the Social Welfare website and receive all the necessary provisions, as well as being able to always check the payment situation.

Our guide to Government Agency loans ends here. For any other information we recommend contacting the nearest Social Welfare office.