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When it is possible to renew an Government Agency loan

Public employees and pensioners who face significant or sudden expenses can benefit from Social Institute and Government Agency loans. In the event that the current loan is not sufficient to cover the costs, it is possible to renew it. But how to renew Government Agency loan?

When addressing the question of how to renew Government Agency loans it is necessary to distinguish between small loans and multi-year loans. The former allow to obtain sums up to a maximum of eight months of salary or pension of the beneficiary. Multi-year loans, on the other hand, make it possible to obtain sums of over 100 thousand USD with which to face significant expenses.

Small loans can last 12, 24, 36 or 48 months and have a Tan of 4.25%. Multi-year loans, on the other hand, can last for 5 or 10 years. The interest rate is fixed at 3.5%.

Renewal of small Government Agency loan

Now that we have seen what the conditions of Government Agency loans are, let’s see when and how to renew Government Agency loans. The renewal of the subsidized Social Institute ex Government Agency loans can only take place on condition that minimum times have elapsed.

Small loans can only be renewed if at least 50% of the repayment plan has passed. Specifically, the applicant must have reimbursed at least:

• 6 months for annual loans;
• 12 months for two-year loans;
• 18 months for three-year loans;
• 24 months for four-year loans.

For renewed loans, Social Institute closes the current loan and recovers the residual debt on the amount of the new credit line.

renewal of the sale of the fifth decennial and five-year

On the other hand, the times provided for the multi-year Social Institute and Government Agency loans are different. For five-year loans, renewal is possible only after the first two years of repayment have elapsed. Loans with a ten-year duration instead provide for the possibility of renewal only if at least four years have passed since the start of the loan.

We also recall that those who have a five-year multi-year loan in progress even before two years have elapsed. Provided, however, that it is renewed by requesting a ten-year loan and that the applicant has not benefited from other ten-year loans.

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Mini guide to the small Government Agency loan

The small Social Institute ex Government Agency loans are products designed to facilitate public employees and retirees who face sudden expenses. Characterized by short durations, these products give access to relatively low sums. In this study we will deal in detail with the conditions of the small Social Institute loan rate, amounts and expenses applied.

Small loans can last 12, 24, 36 or 48 months. For the purpose of accessing credit, it is not necessary to specify the reason why the loan is requested. These credit lines can only be obtained by those who are registered in the Unitary Management of credit and social benefits (Social Institute credit fund).

The sum that can be financed is defined on the basis of the pension or monthly salary received by the applicant. For each year of duration, it is possible to obtain a sum equal to a monthly salary or pension received by the applicant.

Those who do not have payroll or pension deductions in progress can also apply for double monthly loans. In this case the sum that can be financed is equal to two months’ salary or pension.

Small loan interest rate

Let’s move on to the small loan interest rate Social Institute issue. The Tan applied to the small loan is always fixed at 4.25%. However, for the purposes of defining the Taeg (Annual percentage rate of charge) it is also necessary to consider the administration costs and the premium for the Social Institute Risk Fund.

Administration costs are defined with the application of a rate of 0.5%. As regards the Risk Fund premium, the rate to be used is defined on the basis of the age of the applicant and the duration of the loan.

The complete list of the rates provided for the Risk Fund is attached at the end of the Social Institute Loan Regulations, present in Pdf format on the Social Institute website.

Small loan installment calculation

Those who wish to know the conditions in detail can carry out a simulation of the Social Institute loans. Procedure that can be carried out directly online using the service on the Social Institute website.

The simulator is accessible without having to log in with Pin Social Institute. To reach the service it is necessary to connect from the home page and click on the link All services.

Once on the page where all the services are listed, simply filter the results by theme, choosing the Loans item from the appropriate field. The service is called Public Employee Management: simulation of small loan calculation and multi-year loans.

How to get loans for teachers

With the elimination of the Government Agency (which took place in January 2012 following the Save Italy decree passed by the Monti government) all the services under the Institute’s responsibility have moved to Social Institute. In fact, the National Social Security Institute has committed itself to maintaining all the services and services previously granted by Government Agency. Among these we find Government Agency teacher loans, personal loans at subsidized rates dedicated to former Enam workers enrolled in the Social Institute Master’s Management.

The requirements

But who can get them? Government Agency teacher loans are reserved for those enrolled in the Magistrale Management in service activities who are at least two years away from retirement and can be paid only for specific reasons.

The purposes

As already mentioned, Government Agency loans for teachers are granted exclusively to meet one of the following purposes:

• birth or adoption of children;
• marriage of the member or children;
• death of a family member;
• serious illness of the member or of a family member;
• purchase of a house destined to become the principal residence of the member;
• extraordinary maintenance of the home;
• mortgage in progress for the purchase of the first house;
• dental care of the member or a dependent family member;
• transfer of residence;
• purchase of a car ;
• university study path of the member or children;
• extraordinary events that led the applicant to a state of particular economic need.

Characteristics of Social Institute personal loans for teachers

Delivered directly by the Institute, through the unified management of credit and social benefits, the teachers Government Agency loans, better known as small loans Management Science, provide for the granting of a maximum amount equivalent to two months of salary received by the applicant.

The repayment of the credit takes place through a monthly amortization plan that extends for twenty-four months. Interest calculated at a rate of 1.5% and a portion of administration and guarantee fund payments equal to 1% of the gross amount of the loan are retained in advance on the total loan amount.

How to submit the application

How to apply for Government Agency Social Institute loans for teachers? The application, with all the required documentation attached, can only be sent electronically, as required by Presidential Determination no. 95/2012. On the official Social Institute website you can consult the User Manual which illustrates how to proceed (path: “Information – Credit Activities – Loans – Small Loan Master’s Management – Documentation”).

Applications that meet the requirements are all accepted, while those with incomplete documentation are immediately rejected. Finally, we remind you that the granting of a new Magistral Management loan is subject to the extinction of the previous one. Furthermore, it is not possible to combine the financing with small loans granted by other entities.

We see in this article how to get a loan that covers the small sum of three thousand USD by drawing up a list of the banks that provide them.

The services of Best Bank, Small loan and Social Welfare compared

Best Bank belonging to the Infra Bank group has decided to provide various and different loans to its customers, loans which also include the sum of 3,000 USD. This loan can also be requested on the internet thanks to the digital signature service and in a few days you get the desired amount. With Best Bank the tan remains fixed at 7.21% for the entire duration of the contract and the taeg is fixed at 7.46%.

All the installments to be repaid monthly are small, the customer also has the possibility to postpone some installments or pay his debt in advance with a single large installment without and there are no additional costs or penalties to be paid. These are non-finalized loans that can be requested by employees and self-employed workers, by pensioners and for those who need them with the presence of a guarantor. The loan is delivered directly to your home and requesting it is simple, just fill in the application online and if you want to make a free quote without obligation.

A second very famous financial company that gives small loans of three thousand USD quickly sometimes after an hour after accepting the application is Social Welfare , which gives small and fast loans up to the sum of 5,000 whose installments, small and flexible, start from amount of 38 USD, to request it you have to fill in the application online or through a call center, when you ask the application you have to have at hand the main personal documents such as CUD, identity card and tax code. Small loan Bank provides fast loans with its small loan called Small loan’s Credit Express mini which can go from 1,000 to 3,000 with an amortization plan of 16 to 38 months. It is a loan aimed only for personal expenses, not industrial or in any case paid for one’s work. To apply for this loan you must be between 18 and 75 years old.

Homebanking and speed

The Cream Bank bank belonging to the Infra Bank group offers three thousand USD in just 48 hours from the receipt of the loan application and its acceptance, to apply, you need to fill in a simple online form. This is a zero-cost loan since there are no opening and credit management fees, in addition, the customer can skip installments if he needs or pay the debt upfront without penalty. As it is a loan that can be requested online thanks to the homebanking service, the customer must fill in the identity card, the tax code, one of the latest bills that he received at home and the tax return, or the cud or in the in the case of pensioners, the pension slip.

With the fast three thousand USD loan from Cream Bank, the TAN remains fixed for the entire duration of the contract and is 6.71% and the fixed APR is 6.92%. Finally, we conclude with a last financial company that provides loans of three thousand USD in a very short time, or the famous Finatel that provides these loans of three thousand USD in a very short time to employees in possession of a salary, to the application you must submit online the form CUD and a salary certificate that your employer has previously signed, for the excessively high sums the presence of a guarantor is required. The installments are flexible and convenient and you can manage your loan from the internet without additional costs. As for the disbursement of the credit, this is done by a bank check which is delivered directly to the applicant’s home.

 

How to obtain loans with reversibility pension

Is it possible to obtain Government Agency loans with a survivor’s pension ? A question that many people ask but few have clear ideas. The first thing to clarify when it comes to loans with a survivor’s pension is that this represents a fixed and continuous income.

Income which can therefore be used as a guarantee for the granting of a loan. Those who have a survivor’s pension can therefore apply for a personal loan by presenting this income as collateral.

This also applies to loans on assignment of the fifth. A particular type of loan that banks and financial institutions are usually more likely to grant. Accessible only to pensioners and employees, the transfer of the fifth provides for the repayment of the loan by reducing the installment from the paycheck or pension.

In this regard, it is necessary to specify that it is not always possible to obtain Government Agency loans with a survivor’s pension. In fact, it is not possible to use the survivor’s pension as collateral for a loan on assignment of the fifth if this is equal to the minimum pension.

In fact, the minimum pension treatment cannot be subject to the transfer of the fifth. This is because the minimum pension is the income set by the Italian state as the minimum income necessary for the survival of the individual.

Sale of the fifth Social Institute with reversibility pension

When we talk about Government Agency loans with reversibility pension, we refer to the loans on assignment of the fifth granted by banks and financial institutions in agreement with the social security institution (now merged into Social Institute).

But how does the transfer of the fifth of the pension work? As already mentioned, this is a form of loan which provides for the reduction of the installment at source. As the name suggests, the assignment of the fifth provides for a monthly installment not exceeding one fifth of the monthly pension. The maximum expected installment is therefore 20% of the monthly income.

The interest rate is fixed and the maximum amount that can be financed is defined on the basis of the applicant’s income. As regards the duration of the amortization plan, it ranges from a minimum of 12 to a maximum of 120 months.

In this regard, it is also necessary to consider the age of the applicant. In fact, banks and financial companies are usually willing to grant loans to subjects with a maximum age of 85 years. Age that is considered in reference to the date scheduled for the conclusion of the repayment plan.

Unlike most loans therefore it is possible to apply for loans on assignment of the fifth even in old age. Among the advantages of loans on assignment of the fifth of the pension we also remember the possibility of accessing credit for those who are reported as bad payers in the Crif lists.

Bad Credit Bill Consolidation Loans For People With Bad Credit

Bad credit bill consolidation loans have been around for decades, but they are still offered to consumers. These loans are just a part of the financial history that these people will be dealing with.

People who have bad credit are often denied loan approval or might find it difficult to qualify for the loan. Bad credit history will prevent you from qualifying for other types of loans that offer lower interest rates and lower payments. Here is how you can get a bad credit loan, even though you have a bad credit score.

This will set your credit record right

First, you must begin to make your payments on all of your bad credit bills. You need to be able to pay all of your creditors on time and at least in full each month. This will set your credit record right, and it is one of the quickest ways to get into a better financial situation.

Try to pay down as much of your debts as possible. Work out a plan of action to pay off all of your debt over a period of time. It’s a matter of working hard on your finances. As long as you work on your finances, you should have a good chance to eliminate your debts and eventually get your score up.

Second, you need to begin saving money. Set aside some money each month to pay your bills. Pay more than your minimum monthly payment, but in increments so that you can afford to make all of your monthly payments.

If you already have a savings account, use it to start building your nest egg. Make your money count by using the money that you saved to pay off your debts. The more money you put away, the less your bills will cost you.

Keep your credit score in a good position

Check it on a regular basis. Track your score from time to time so that you can see if your score is improving.

Keep an eye on your credit reports and dispute any items that are not correct. To dispute an item, fill out the dispute form. They will check your credit report and then send it back to you so that you can have it reviewed.

After your credit report is checked, you should see an improvement in your credit score. Paying your bills on time each month will help raise your credit score.

Finally, set up your financial goals. Put together a list of goals for yourself and stick to them. If you do not stick to your financial goals, it is not going to be easy to move up in the world.

Use your cash flow and expenses to set up your financial goals

Try to budget your money so that you only spend money on things that you need. Set a goal for yourself that you want to be debt-free within five years.

Your ability to get bad credit bill consolidation loans will depend on how well you handle yourself with your bills. You must work hard to get ahead financially.