Discounted Liquidity? Yes, Thanks To Public Employee Social Institute Loans

Discounted Liquidity? Yes, Thanks To Public Employee Social Institute Loans

Subsidized loans for public sector employees

Subsidized loans for public sector employees The Salva Italia decree of the Monti government defined the elimination of the Government Agency in favor of the Social Institute. Since January 2012, in fact, all the services and services previously provided by Government Agency are the responsibility of Social Institute. To better manage the practices relating to employees and pensioners of the public administration, Social Institute has set up a special office, called Public Employee Management. Among the services provided by this Management we also find Government Agency loans, credit lines at special conditions dedicated to pensioners and employees of the public administration. Social Institute government employees are divided into long-term loans and small loans. While small loans can only be disbursed by the Social Institute Credit Fund, long-term loans can be granted both by the institution (direct loans) and by companies financed under agreements (guaranteed loans).

Multi-year loans

Multi-year loans Multi-year direct loans are granted only in the face of an actual personal or family economic need, falling within the cases covered by the Government Agency loan regulation (available in the "documentation" section of the information pages relating to Government Agency loans on the Social Institute website). They can apply for multi-year loans all pensioners and employees in active employment, employed on permanent contracts, entered the unified management of credit and social benefits for at least four years old and in possession of useful service to a seniority pension not less than 4 years. The duration of the loan (which can be five or ten years) and the maximum amount payable are defined on the basis of the reason for which the loan is requested, as established in the loan regulation. The interest rate applied is 3.5% for the duration of the repayment.

Long-term loans granted by affiliated banks and financial institutions

The multi-year guaranteed loans, i.e. those disbursed by banks and financial institutions affiliated with Social Institute, can be granted for any reason, regardless of the Government Agency loan regulation. In this case, in fact, the institute undertakes only to guarantee financing in the event of death, reduction of salary and termination of service without the right to a pension. The guaranteed multi-year loans are accessible only to those registered in the Unitary Management for credit and social benefits, who at the request date are in service activities and have at least four years of effective service useful for pension purposes.

Small loans for civil servants

Small loans for civil servants Finally, we find the small loan, which allows you to obtain repayable amounts with an amortization plan that cannot extend beyond 48 months. The amounts payable vary according to the duration of the loan and the salary or pension received by the applicant. For each year of depreciation, in fact, it is possible to obtain a sum equal to two average monthly payments received net of taxes. In the event that the applicant has other salary or pension deductions in progress, the amount that can be financed is reduced to an average monthly salary for each year of duration. In any case, the amortization plan for small civil servants Social Institute loans is in monthly installments and the interest rate applied is 4.25%, regardless of the duration of the loan and the amount disbursed.

How to apply for subsidized loans

How to apply for subsidized loans With regard to Social Institute government employees which are granted directly by Social Institute, i.e. small loans and long-term direct loans, the request for funding must be submitted electronically. The application forms are available in Pdf format on the official Social Institute website, in the Forms section. Public employees must submit the request through the Administration they belong to, while pensioners must use the online application submission service, by accessing the Social Institute reserved area with the Social Institute Pin device. Those who wish to obtain the public employee Social Institute loans granted by the affiliated banks must forward the application drawn up in fourfold copies, using the specific forms provided by the Social Institute, to the Administration they belong to. The request must be accompanied by a medical certificate attesting the healthy physical constitution of the applicant issued to a doctor of the Local Health Authority or by a medical officer in service.

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