Guide to Social Institute Loans to Public Employees

Social Institute loans to civil servants are a valuable resource for dealing with small contingencies, but also for carrying out important projects, such as buying a first home. What are the products available, what requirements do they foresee and how to obtain them? Here are all the opportunities updated to 2017.

Small loan for your unexpected expenses

Small loan for your unexpected expenses

Social Institute loans to civil servants imply different repayment conditions depending on the purposes for which they are designed.

Small Loans are designed to respond to unexpected events related to everyday life. In fact, the applicant does not have to justify his application or provide documents regarding the expenses incurred.

The beneficiaries are public employees and pensioners registered in the unitary management of credit and social benefits. The amounts instead correspond to one or a maximum of two months for each year of the repayment plan: in total, it starts from a minimum of one to a maximum threshold of eight months.

Small loan rates 2017 and duration

The repayment plan is in fact structured in 12, 24, 36 or 48 monthly installments. Each of which is calculated in relation to a nominal annual rate of 4.25%, administrative costs (0.50%) and risk provision premium.

The request for funding must be sent with the collaboration of the reference administration to Social Institute in the case of employees (the application form can be downloaded from our Social Institute 2017 Forms section). While retirees must submit the request immediately in electronic form, from this point of view there are several options:

  • the use of the online services of the Social Institute website. The reserved area of ​​the inps.it portal must be used. The user must be able to count on the PIN, a useful element for accessing online functions;
  • the use of the Contact center (the toll-free number for the fixed line is 803 164). PIN required;
  • patronage. In this case, it is not necessary to have a PIN.

Multiannual loans on assignment of the fifth

Multiannual loans on assignment of the fifth

Another valid option in the context of Social Institute loans to civil servants is represented by Direct multi-year loans. These are produced on assignment of the fifth (the installment cannot exceed one fifth of the monthly allowance) and are granted only on condition that the application is consistent with the purposes specified by the Social Institute Regulation.

The beneficiaries are the same as the Small loan, but specific requirements must be respected. The applicant must count on at least four years of service seniority and as many contributions paid to the Unified Management. Not only. Throughout the reimbursement, the employment contract (lasting at least three years) must be valid. Temporary workers must provide post-employment benefits as a guarantee of reimbursement.

Multi-year rates

There are two repayment options: five or ten years, or 60 or 120 monthly installments. As regards the annual nominal rate, on the other hand, 3.50% is applied. There are also administrative charges and risk provision premium, as for the Small loan.

The request must be sent electronically using the services of the Social Institute portal. In particular, the “Multi-year Loans Web Applications” function must be used. Workers must send the request with the collaboration of the reference administration, while pensioners can use the functionality of the Social Institute portal.

Purchase first home with mortgages loan

Purchase first home with mortgages loan

The proposals that make up Social Institute loans to civil servants also include credit lines focused on the first house. We are thinking of Social Institute mortgages, loans characterized by amounts higher than the other products that we have reported.

Yes, because in case of purchase or construction of the first house it is possible to receive up to 300 thousand USD. Maximum sum that will go down to 150 thousand USD in the event of restructuring.

Employees of this credit line are employees and pensioners belonging to the unitary management of credit and social benefits. In this case, the worker must necessarily be able to count on a permanent employment contract.

The repayment takes place in a period ranging from a minimum of 10 to a maximum of 30 years. For further details on this, we recommend you visit the Social Institute mortgage section of our portal.

The new home care loan premium call for home care has been published

What is and how does the program work?

What is and how does the program work?

Home Care Premium is the home care program provided by Social Institute for people who are recognized as not self-sufficient. The objective of the service is to intervene in the socio-assistance sphere of the beneficiaries and prevent their cognitive impairment.

The program is aimed at public employees and pensioners, who can request the benefit for themselves or for relatives and first-degree custody who are not self-sufficient. Specifically, the contribution is paid, in addition to public employees and pensioners, in favor of:

  • spouses;
  • relatives and relatives of first degree;
  • cohabitants;
  • subjects linked by civil union;
  • minors orphans of civil servants (belonging to the Unitary Management of credit and social benefits) and of public pensioners;
  • brothers or sisters of the right holder, provided that he is their guardian or curator.

The beneficiaries of the Home Care Premium program obtain an economic contribution aimed at reimbursing the costs incurred for hiring with a regular employment contract and the monthly payment of a home assistant. Personal assistance services are also provided as supplementary services, which are provided by bodies affiliated with Social Institute.

Call for Home Care and online application

Call for Home Care and online application

The Home Care Premium 2019 call for proposals has recently been published, aimed at identifying 30 thousand subjects entitled to the benefits provided for the new edition of the project, which runs from 1 July 2019 to 30 June 2022. The procedure for submitting the application is active hours until 12 noon on April 30th.

The submission of the application requires authentication to the Social Institute site via device type Pin Social Institute. Who is not in possession of the Pin can request it at any Social Institute office or through the inps.it site. this last procedure allows to obtain only online type Pin, which however can be converted into a device using the specific online Social Institute service. For more information on Pin Social Institute, please refer to our in-depth analysis.

Good credit, what is it and how do I apply for it?

Once again this blog talks about quick credits. Those who provide us with a cash injection at a critical time. For many, bread for today and hunger for tomorrow; Others see it as the best way to get around a particularly troublesome situation. Among the many entities that provide this type of credit, Good credit is one of the most famous. Let’s learn a little more about the Good credit.

Good credit: personal and renewable

Good credit: personal and renewable

There are two types of Good credit:

  1. Personal: the most common. The entity makes available to the client a certain amount whose return will be subject to a previously established term and interests. The ultimate purpose of money is not a valuable aspect.
  2. Renewable: in this case, Good gives the borrower money that he can use in its entirety, or not. The amounts that are returned monthly will be, again, available to the client in case they need them in the future.

The staff, the most common Good credit

The staff, the most common Good credit

It is clear that of the two variants previously observed, it is the first, personal loans, which is most commonly requested. If we think about Good Credit, surely this type of product comes to mind for most of us. Let’s see how they work.

  • Amount: in this type of Good credit loan, the entity can deliver up to 6,000 USD without giving information about the destination of the money and with a bureaucratic component and certainly little paperwork.
  • Time: in 24 hours we may have the money in our hands.
  • Application: online we can request a credit at Good. It will be enough to carry out a credit simulation, fill out the subsequent form and, in a very short space of time, we will receive a response.

Obliged to warn of the risks

Obliged to warn of the risks

As always when we deal with the subject of this type of credit, we are obliged to warn of the risks that its heading entails. Obviously, the possibility of obtaining an amount of money in less than 24 hours and without giving explanations is, simply put, “very greedy”.

However, before taking the step, we need to be able to cool our heads and assess all circumstances. The money from a Good credit is far from being given away. You have to return it, and more than. Therefore, it is convenient to make numbers and inquire in the small print of the contract before signing. Only if we are absolutely sure of being able to return it should we hire it.

Claims on the rise of personal loans

The Murcian Association of Consumers and Users has attended, during the first half of this year, a total of 2,892 queries and claims. The increase in 65 cases related to personal and mortgage loans stands out.

Personal or mortgage loans have been the economic sectors

Personal or mortgage loans have been the economic sectors

Specifically, telecommunications, administrative procedures, electricity companies and personal or mortgage loans have been the economic sectors that received the most inquiries and complaints from consumers and users during the first half of the year in the Region.

The first place was occupied by abuses and fraud in telecommunications, with 800 queries and complaints, occupying 27.6 percent. The highest percentage was reached in the mobile telephony sector, presenting a total of 331 queries and 236 claims, a percentage followed by 94 queries and 62 claims by landline users and 48 queries and 29 claims by service users. Internet access.

Irregular imposition of penalties

Irregular imposition of penalties

Among the reasons for the complaints to the companies that offer telephony services, both mobile and fixed and Internet access, stand out the irregular imposition of penalties for the cancellation of services, misleading advertising, non-compliance with offers and the collection of services. not hired, among others.
The second place in the balance of queries and claims was occupied by queries related to general administrative procedures, which amounted to 623 queries and 2 claims, reaching a percentage of 27.3 percent of the total number of queries received.

The third place, with 9.3 percent, is occupied by 270 queries and claims submitted for irregularities in the electricity supply.

Claims have been motivated by problems in billing

Claims have been motivated by problems in billing

The largest number is found in queries. During the first semester of this year, a total of 222 consultations were attended, compared to the 48 complaints presented.

The claims have been motivated by problems in billing, as well as the lack of reading of the meters in the homes, causing in some cases an increase in electricity bills, which were sometimes sent to the user every six months and even with character annually, with the consequent damage to the user.

Another sector that registers a significant number of inquiries by consumers and users in Murcia during the first half of the year has been the banking sector, specifically personal or mortgage loans, reaching a total of 112 inquiries and claims against 47 registered in the same period last year.

This significant increase corresponds to the impossibility of many Murcian families to meet their mortgage, due to the current economic situation. Likewise, since 2010 it has provided a mediation service with banks in order to avoid loss of home due to non-payment.

10 Things to know about the transfer loan of the fifth

The assignment of the fifth is one of the most advantageous loan formulas due to the flexibility and ease of access to credit. It is a personal loan, which therefore does not make it necessary to present an expense voucher. Here are the 10 things to know about the assignment of the fifth if you intend to request it.

10 things to know about the assignment of the fifth: financing for employees and retirees

10 things to know about the assignment of the fifth: financing for employees and retirees

  1. What is the assignment of the fifth? The loan against assignment of the fifth of the salary or pension is a loan formula which provides for the retention upstream of the fifth part of the paycheck or monthly pension check.
  2. Who can request the assignment of the fifth? The loan against assignment of the fifth of the salary can be requested by public and state employees and pensioners, but also by those who work in the private sector even with an atypical contract.
  3. Where can the transfer of the fifth be requested? The loan against assignment of the fifth is recognized as a form of consumer credit. The person intending to access credit through this loan method can apply to both a credit institution and a financial company.
  4. How long can a loan last for a fifth? The loan against assignment of the fifth cannot last more than 120 months. In special cases, such as retirees who are particularly old with the request for the transfer of a fifth of the pension, the maximum duration can be reduced to 5 years.
  5. Are there special protections for pensioners? The request for loans against assignment of the fifth is characterized by a particular attention paid to holders of a particularly low pension. In these cases, the safeguarding of the minimum treatment is triggered, which means that the transferable portion may be less than one fifth of the pension.
  6. Does the assignment of the fifth require the signing of insurance contracts? Yes, the loan against assignment of the fifth requires the obligatory underwriting of a life risk insurance contract and an employment risk insurance contract. Depending on the internal rules of the lender, these costs may or may not be borne by the applicant.
  7. What if the recipient of a fifth-party loan loan loses his job? That the insurance company with which the employment risk contract was signed has the possibility of referring to the employee leaving indemnity provision (which therefore does not have the possibility to request its payment in the paycheck).
  8. Is it possible to renew a loan against assignment of the fifth? The loan against assignment of the fifth can be renewed, provided that at least 40% of the amount received initially has been repaid.
  9. Is the early repayment of the loan with assignment of the fifth possible? Yes, it is possible at any time and provides for the recovery of interest not yet accrued.
  10. What are the age limits for granting the loan with assignment of the fifth? The loan with assignment of the fifth can be requested from 18 years onwards. As regards the assignment of the fifth of the pension, the applicant must be under 85 years of age.

Related articles related to Social Institute loans ex Government Agency

Related articles related to Social Institute loans ex Government Agency

  • Government Agency loan with transfer of the fifth

    Government Agency loan with assignment of the fifth for employees and retirees Both Government Agency employees and retirees who feel the need to apply for a personal loan in order to obtain greater liquidity can opt for a particular type of loan that provides…

  • Transfer of the fifth no TFR: here’s what to know to ask for it

    Loans against the assignment of one-fifth of the salary, which can only be requested by employees, have as their main guarantee the severance pay obligation. It is fundamental to remember that there is also the transfer of the fifth no TFR, a very valid alternative for.

  • Transfer of the fifth no TFR: here’s what to know to ask for it

    Loans against the assignment of one-fifth of the salary, which can only be requested by employees, have as their main guarantee the severance pay obligation. It is fundamental to remember that there is also the transfer of the fifth no TFR, a very valid alternative for.

 

Home reform loans, where and when to apply for them

 

Reforming a property is not usually cheap, since, between some things and others, the sum of money is rapidly increasing. It is clear that the final amount will depend on the part of the house that we want to reform or if we want to modify the entire property. However, the most common is to end up applying for home reform loans to meet the improvement costs foreseen in the budget. In this week’s article we will tell you about the most common situations in which to ask for home loans and their most widespread conditions in banks. 

In which cases to request a home reform loan?

In which cases to request a home reform loan?

These that we name below are the most common cases in which to request a reform loan: 

To make repairs: fixing leaks, repairing damage to roofs or pipes of pipes are some of the most common repairs for which loans are requested for housing reform. 

Extensions: getting a larger living room by attaching it to the terrace, opening the kitchen to have more space or the room for the arrival of a new family member are the most common extensions in our homes. 

Improve energy efficiency: more and more people choose to put solar panels on roofs or change windows for double-glazed ones. With this type of modifications, greater energy savings are achieved and it is common to request loans for home reforms in this regard. 

Rehabilitation of buildings: in these cases, the most common thing is that the spending of money is in the form of a spill from all the owners and, therefore, the type of reform loan is different. You could even be eligible for grants, which we’ll talk about later.

Revalue the home: what is intended here is to improve it so that you can sell it for a higher price or rent it for a higher monthly payment. 

It is clear that the reasons for applying for a home reform loan can be very varied and also that, depending on the type of reform, the amount can vary greatly. Therefore, before thinking about what type of reform financing to apply for, you must be very clear about the amount needed. 

Can I ask for a personal loan for home reform?

Can I ask for a personal loan for home reform?

Of course you can, asking for a personal loan for home reform is one of the most common ways of meeting the costs of a work. With this type of financial product, you usually don’t get amounts that are high enough to pay for a good reform. It must be taken into account that, being a personal loan, the holder responds with the set of all his present and future assets in the event of default. If you want more information about what a personal or consumer loan is and its main characteristics, don’t miss this article from our blog. 

Private equity loans: only payroll and without guarantee

 

In this article we want to talk about different types of private equity loans, their characteristics and requirements to apply for them. We will talk about three types of financing: private equity loans only payroll and without guarantee. 

As a private equity financial institution for us it is very important that our clients know all the private financing options that they can find in the market. 

Private equity loans: a good financing solution

Private equity loans: a good financing solution

Private equity loans are clearly the right solution to fix liquidity problems arising from unforeseen events or the accumulation of debt. Although they are also a very good option to get liquidity for an investment or to start a business, for example. 

They can be requested for an infinite number of reasons, such as having been discarded by traditional banks for being part of delinquent files or not having enough income. In this article on our blog you can read in more detail all the advantages of private equity loans and how to apply for them. 

Private equity loans without endorsement but with payroll

Private equity loans without endorsement but with payroll

It is true that some private equity loans without collateral only require proof of a fixed income, such as a retirement pension, for example. But in most cases these earnings are required to be demonstrated by a payroll and a fixed employment contract. If you want to know more about loans for pensioners , check out this article on our blog. 

Let us remember that this is the entity’s way of checking our solvency and, therefore, ensuring our ability to return the installments throughout the life of the loan. At the beginning of this article, we already told you how Payroll-Only Private Equity loans work and what your grant requirements are. 

Who is applying for private equity loans without collateral?

Who is applying for private equity loans without collateral?

Anyone who meets the requirements of the financial institution can apply for private equity loans without collateral. The profiles of users who request them are very varied , although they tend to have in common: they opt for innovative financial institutions and remain outside traditional, slower and more expensive banking procedures. 

This may be for very diverse reasons, such as being on delinquent lists, having a very high level of prior indebtedness, or not having fixed income. With all this, banks do not meet the liquidity needs that many people may have at any time.

Loans to open a business

 

It is nothing new that traditional banking has always been more reluctant when granting financing for companies. This fact is even more complicated in the case of loans to start a business.

In this week’s article we want to tell you about the peculiarities of loans to start a business. If you are worried about finding financing for the company you are going to start, the solution for you may be found in private equity loans.

Why is it common to apply for loans to start a business?

Why is it common to apply for loans to start a business?

The reasons for embarking on the adventure of opening your own business are varied, but if there is something common in most cases it is the concern about financing. Many people wonder if it is possible to access loans to open a business. 

The initial investment to open your own business can be very high. Expenses can range from buying or renting the space, machinery and materials, or paying the necessary taxes for its opening, among others. That is why loans to open a business are the order of the day among entrepreneurs who want to expand their lines of business, or start a new project. 

So why is it so difficult to access loans to open a business?

So why is it so difficult to access loans to open a business?

Getting new business loans tends to be difficult for a very obvious reason. The simple fact that we are talking about a new business idea, which has not yet been tested for practicality, can be a problem in obtaining financing. 

Loans to new companies are difficult to obtain in the same way that, many times, it is difficult to find someone who believes in our business idea. Furthermore, if this someone has to be a bank that lends us a considerable amount of money. Any bank will assess all potential risks before granting a loan, and no one is aware that i nvesting in a business or new business takes more risks intrinsic in the case of large companies or already consolidated. 

How to get a loan to start a business outside the traditional ways?

How to get a loan to start a business outside the traditional ways?

The data shows that most loan applications made by entrepreneurs with new business ideas end up being rejected. Banks show less confidence in young applicants with companies that have not yet demonstrated their creditworthiness. 

Furthermore, the requirements are usually the same as for requesting any other loan. Not to appear in any of the delinquency files of the State, and the previous indebtedness study of the applicant.

Most young entrepreneurs end up opting for innovative financial institutions. Private equity entities may be the best option to get loans to open a business.