How funding for civil servants 2017 works
Social Institute public sector loans : what are the offers, what rates do they present and how to get them? Let’s find out all the features and the actual convenience.
Social Institute civil servants loans correspond to different types of financing, which imply different repayment conditions and purposes. We cannot therefore generalize and it is necessary to go into the merits of the individual offer.
Government Agency loans without motivation
The first product we explore is the Small Public Management Loan. This is a very particular line of credit, since it does not provide specific indications relevant to the purpose.
Who Can Get Small Social Institute Public Employee Loans? The recipients of the loan are public employees and pensioners registered in the unitary management of credit and social benefits.
The sums provided to the applicant go from one to eight months, against a repayment plan that starts from 12 but can reach 48 monthly installments. There is a nominal annual rate of 4.25%. However, administrative costs, which account for 0.50%, and risk provision premium are to be assessed.
As the small loan requires
The loan request must be made using the application form which can be downloaded fin Pdf format.
The worker must send the application by collaborating with the reference administration, while the pensioners must submit the request electronically. At their disposal there are:
- Social Institute.it site services (PIN required);
- Contact center (803 164 toll-free number from landline, 06 164 164 toll-free number from mobile phone);
Multiannual funding 2017
In the list of Social Institute public employee loans offers we find the direct multi-year public management loans. These are also suitable for public employees and retirees of the Unified Administration. The reimbursement is on assignment of the fifth, the installment cannot exceed the limit of 1/5 of salary or pension.
As for the repayment term, there are two solutions: five or ten years (the installment is monthly). The maximum amount that can be financed varies according to the reason for which the loan is requested, based on the provisions of the Social Institute Loan Regulations ex Government Agency.
To give an example, a multi-year loan required for the purchase of a house provides for a maximum amount payable equal to 150 thousand USD, while if the purpose is the purchase of a car, a maximum of 20 thousand USD can be obtained.
In any case, the application must be consistent with the various purposes indicated in the official regulation and must be sent within one year from the date on which the event for which the loan is requested took place.
Rates and expenses
And what about the interest rate? We have a nominal annual rate corresponding to 3.50%, but there are administrative burdens and the Social Institute Risk Fund premium. The former are equal to 0.5% of the gross amount, while the risk fund premium varies according to the duration of the amortization plan and the age of the applicant.
To know all the rates envisaged for the Risk Fund award, it is possible to consult the relative table, present at the end of the Social Institute Loan Regulations (available in Pdf format on the Social Institute website).
Presentation of the application
Application forms can be downloaded directly from the official Social Institute website, in PDF format. To do this, simply connect to the portal of the Institute and follow the path: “Home – Services and Services – All modules – Management of Public Employees – Registered/Retired – Credit and social services”.
The request must be sent using the service of the site Social Institute.it ” Multi-year Loans web applications “. As for the Small Loan, the employee must refer to the relevant administration, while the pensioners must access the reserved area of the Social Institute.it site and use the appropriate online service.