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.