Transfer of the loan: Timing to get it

Looking for information on the sale of the fifth? Do you need a loan, but..

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Transfer of the loan: Timing to get it

Looking for information on the sale of the fifth? Do you need a loan, but you don’t know which guarantees to offer to the bank? Do you want to apply for a loan from Intesa San Paolo with advantageous and affordable rates and without having to follow a process that is too complex? Do you need a quick and easy loan?

You can get it thanks to the sale of salary: With this package, you can receive a loan from the bank as collateral by providing their own salary.

With this guide of ours we will see together how you can get a loan through this tool.

What is the fifth assignment?

This type of credit request is part of all personal loans and is reserved for both employees and pensioners.

It is called in this way precisely because the monthly payment is equal to one fifth of the net salary, or is equal to one fifth of the pension. The installment cannot exceed five in any way.

Repaying the monthly fee to the bank is very easy, as the installment is charged directly on the pay slip or, if in retirement, on the pension slip. The employer or the pension institution directly manage the repayment of the installment.

Difference between a personal loan and salary-backed loan

Difference between a personal loan and salary-backed loan

The main difference is first of all the method of repaying the monthly installments. If you decide to request a simple personal loan, the installment must be paid via a bulletin or by choosing a direct debit.

If you choose to pay by the salary transfer, you will pay the installment from the salary or pension and the employer or the pension institution will deal directly with the payment of the installment.

Who can get a loan this way? Workers with permanent employment, with residence in Italy and between the ages of 18 and 63 can apply for a loan in this way.

Even pensioners who are not over 85 years of age (on repayment of the loan) and with a pension higher than € 501.89 can apply for a loan with a salary-backed loan. Self-employed workers, unfortunately, cannot request it.

How to apply for a loan with the sale of the fifth

loan application

Which documents should I bring to Banca Intesa? Here is the complete list:

  • Fiscal Code;
  • Valid identity document;
  • Last paycheck or pension slip;
  • Unique certification for employees.

The assignment of the fifth does not require the collaboration of a guarantor. The guarantee that is offered to the bank is the salary or pension. Often this formula allows you to request the loan even if there have been problems with previous payments.

It must be remembered that even if this is a rather solid guarantee, there is no certainty that the bank will give the green light to the loan request through the sale of the fifth, especially if there have been problems before. The application procedure will however be checked.

The installments

Another advantage of the fifth assignment is that the installments are at a fixed rate . The applicant can choose the amount to be paid each month, as well as the time for reimbursement, directly at the time the contract is stipulated.

The only rule to be complied with is that the installment does not exceed one fifth, or 20%, of the salary or the fifth of the pension, obviously at the net value. The monthly reimbursement with a fifth assignment takes place through direct debit on the pay packet or on the pension.

The maximum loan repayment duration can be up to a maximum of 10 years. The loan can also be paid off in advance without penalties and at any time.

How to apply for a loan with the sale of the fifth

loan

A loan specifically designed for those who have to apply for it through the sale of the fifth.

The loan with the fifth assignment can be requested at any branch by appointment. The appointment can be requested at the branch or by calling. An appointee will take care of the practice.

The appointment can also be taken online on the official website by filling out the form with your personal data and choosing the time and day. Making an appointment does not bind the loan request.

Time to get the loan

If you have opted to apply for a loan in a branch, the person in charge will be in charge of referring you after how much it will be possible to have the loan with a salary-backed loan. Remember that times may change from case to case.

When you can apply for the loan on the web you can open a file and receive the money in about two days. Only online loan applications allow you to get money in a few hours.

The interests

Personal loans with a fifth assignment often have lower interest rates than other types of loans. Rates are reduced, but you can always save money by checking the TAN and   the APR

The TAN is the interest rate, the APR is the synthetic total cost of the loan. In the APR are included all the commissions to be paid for having a loan with Intesa.

Also for the online procedure it is possible to decide the conditions of the contract and the TAN and the APR associated with the loan. Checking the different possibilities online, before applying for the loan with the assignment of the fifth, helps to save money that would otherwise be wasted in interest.

Doing research also allows you to choose the best and most convenient loan for your needs. With a search it is possible to make comparisons between the TAN and the APR and decide for the most convenient ones.

To find out about monthly costs and interest rates, you can quote. The quote is not binding on the request for a loan with Intesa and can be done conveniently online on the official website. Thanks to a quote, you can get an idea of ​​rates and monthly payments.

We remind you that the interest and the installment may change slightly with the stipulation of the contract with respect to the value shown on the estimate.

An appointee will evaluate the individual cases and the bank will decide how to proceed. to decide how to proceed. You can be sure of the monthly payment and the rates only once the contract is signed.

Sale of the Italian Fifth Post Office: Guide to the Request

Do you need a loan and don’t know how to get it? Do you need..

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Sale of the Italian Fifth Post Office: Guide to the Request

Do you need a loan and don’t know how to get it? Do you need to request money and get advantageous rates without too many problems? What should be done? 

Getting the money this way is possible by giving the post office as a guarantee your salary or your pension. Let’s see together in this our detailed guide, what needs to be done to get a loan through the sale of the fifth.

What is the fifth assignment?

The salary assignment is a special loan for employees and can also be requested by pensioners. It is called this way because the monthly payment is equal to one fifth of the net salary or is equal to one fifth of the pension. The monthly payment cannot exceed one fifth of the salary.

The repayment of the monthly fee must be charged on the pay slip or on the pension slip. Repaying the monthly installment with the fifth assignment means that the payment of the installment is managed directly by the employer or the pension institution.

Difference between a personal loan and salary-backed loan

personal loan

The method of repayment of installments is the main difference. If you decide to request a simple personal loan , the installment must be paid through a bulletin or through a direct debit to the account while if you decide to opt for a loan through the assignment of the fifth, you will pay the installment directly from the salary or pension .

The employer or the pension institution will be in charge of the monthly payment of the installment. The loan with salary assignment can be obtained if you are a worker with a permanent contract , residing in Italy and between the ages of 18 and 63.

Even pensioners who do not exceed 85 years of age until the day the loan is repaid and who have a pension that exceeds € 501.89, can apply for a loan by assignment of a fifth. Self-employed workers cannot obtain a loan in this way, since they do not have a salary.

How to request this formula

What documents must I submit to request a loan through the sale of the fifth? Here’s the list:

  • Fiscal Code;
  • Valid identity document;
  • Last paycheck or pension slip;
  • Unique certification for employees.

It is not necessary to request the assistance of a guarantor for a loan by the sale of the fifth. The guarantee for the loan is just the salary or pension. In general, this formula allows you to request the loan even to those who previously had problems with payment of installments.

The assignment of the fifth is an added guarantee, but it is not certain that the Italian Post Office will accept the request, the practice will still be subjected to careful checking and evaluation.

Payment by installments, how does it work?

Payment

The installments to be paid for the loan through the sale of the fifth are always fixed. The customer can directly choose the amount to be paid monthly and the time for repayment on the day of the stipulation of the contract. The installment must not exceed the fifth, then 20% (net value) of the salary or pension.

The reimbursement of the requested amount is carried out with a charge on the pay slip or on the pension. For the repayment of the loan with the assignment of the fifth the maximum duration can be up to 10 years. The loan can easily be paid off in advance and at any time.

As required

A loan from the fifth assignment can be requested at any post office. Simply request an appointment or go to an office asking for a representative.

Times to get the loan with a sale of the fifth

loan

The request for a loan at a branch allows you to find out about the time to obtain it through the person in charge. The person in charge will inform the customer after how many days he can get the loan on the account. Times may vary from request to request. To obtain a loan with a salary-backed loan from Poste Italiane, it is not necessary to have an account with the Post Office.

Interest payable

Interest

Even if it is the Italian Post Office, there are still interests to pay. Personal loans with salary-backed loans have lower interest rates than other loans. Check the TAN e   the APR also saves money.

The TAN is the interest rate associated with the loan, while the APR is the summary total cost of the loan. In the APR there are all the commissions to pay for the loan with Poste Italiane.

We recommend checking out the various loans and also the various possibilities online before applying for a loan. Spending a few hours for research also allows you to find the most suitable loan for your requests. By doing a search you can make comparisons between the TAN and the APR and choose the lowest and the most convenient for your needs.

To understand how much you will spend on a monthly basis, you can make a quote. The quote is in no way binding on the loan request and can be done online. Making an estimate allows you to get an idea about costs, installments and interest rates.

The interest and installment shown on the quote may change from the value shown on the quote. The Italian postal commissioner will evaluate the various cases and decide what the conditions will be.

If you have doubts about the loan through the sale of the fifth with Poste Italiane, we advise you to ask for help from a person in charge before choosing the loan.

The loan can also be requested without having a current account.

The monthly installment to be paid is withheld from salary or pension.