With the precariousness of the world of work, the reduction of the purchasing power of wages and the effects of the crisis in the real economy, few unexpected events are enough to lead to the request for funding. This is why the demand for small loans is on the rise. But which product to choose? Let’s review the small Social Institute loans, solutions at preferential conditions. Here’s what they are, who they target and how they work. An explanation over at otelmoni.com
Small Government Agency Social Institute loans: how they work
Small Social Institute loans have reduced rates, but are intended for very limited categories of applicants. Which ones are they? By choosing the
Small Loan Public Management the beneficiaries are public employees and pensioners pertaining to the unitary management of credit and social benefits.
The request for access to credit must not be justified and it is not necessary to provide any documentation regarding the expenses incurred. The sums range from a minimum of one to a maximum of eight months, while the duration ranges from 12 to 48 months.
As far as the interest rate is concerned, we note the application of a Tan of 4.25%. But in addition to this, there are administrative costs (0.50%) and risk fund premium.
What are the best small loans? The Small Loan Post Fund Management
Another interesting solution proposed by Social Institute is represented by the Small Loan for Fund Management. Employees of Post service Italy and associated companies, who have at least two years of service seniority, can request it. As with the previous product, there is no need to provide any reason for the request.
A 5% Taeg is expected. The loan is based on the assignment of the fifth: the installment cannot exceed 1/5 of the salary. As far as the size of the loan is concerned, it starts from a minimum of one month to a maximum of eight. The duration starts from 12 months but can extend up to 48.
Small loan Master’s Management 2017: what it offers
Ex Enam members can apply for the Magistral Small Loan. What is it about? It is a credit line on assignment of the fifth, which can be requested only on conditions that the application is consistent with the purposes set out in the Social Institute Regulation: from birth or adoption of children, to marriage, passing through death of family members, illnesses, home purchase, maintenance, mortgage, dental care, transfer, car purchase, university attendance and extraordinary events.
As far as costs are concerned, we note a portion of 1% of the gross sum for administration and guarantee funds, to which 1.50% for interest is added. Very competitive conditions.
For more information on Social Institute loans, please visit the specialized portal Government Agency.