Archive November 27, 2019

The customized loan for employees and retirees

Features and Requirements. Expenses in sight and little liquidity? If you are a permanent employee or a pensioner, you can easily obtain financing through the so-called assignment of the fifth. It is a form of personal loan which can only be accessed by public and private employees, and, in fact, by pensioners.

Loan application process

money loan

In particular, in order for a loan application to be accepted, it will be necessary to:

  • Do not exceed a certain age limit if you are retired
  • Prove that you have a permanent contract for at least 2 years if you are a private employee. In this case, some lenders also require that the employer company meet some requirements regarding the size and number of employees.
  • Have a permanent employment contract with at least 4 years of seniority for workers employed in public and state administrations.

As can be deduced from the name, loans with assignment of the fifth are repaid in installments of an amount corresponding to the fifth part of the net paycheck received monthly.

Loans with assignment of the fifth 

They are normally provided by banks through agents in financial activity.

If the above conditions are met, banks and finance companies tend to make these loans rather easily, as their level of risk is very low. The repayment installments are in fact withheld from the monthly income of the financed person and paid directly by the employer or by the social security or other social security institution if you are retired.

For the same reason, this type of financing also has many advantages for consumers. For example, the provision of particular guarantees is not required, apart from the obligatory stipulation of an insurance on life and employment risks, aimed at protecting the lender from the risk of premature death or loss of work of the financed subject.

Combined loans

Can also be obtained from protestors and bad payers, and can be combined with other loans or mortgages.

Can also be obtained from protestors and bad payers, and can be combined with other loans or mortgages.

To obtain a loan with a loan of the fifth, it is sufficient to present the paycheck and the CUD model, together with an identification document and the tax code or health card. You do not have to specify the purpose for which you intend to allocate the sum requested on loan, unlike what happens with mortgages, for example.

The expert agents of the Reliance Group will be able to answer all your questions on this type of loan and will help you find your way in the credit products market.

Loans in agreement with the sale

Advertising message for promotional purposes. By filling out the form, the parties have no contractual obligation. The loans are disbursed with the approval of Astro Finance, for which Lending Agency operates as a single-agent financial agent promoting the financial products made available to the lending institution towards its customers. The loan request is conditional on the estimate, obtaining insurance coverage due by law pursuant to Presidential Decree no. 180/50.

The service does not guarantee the effective disbursement of the loan requested.

money loan

The Consumer has the right to obtain, before being bound by a credit agreement, the document of “European basic information on consumer credit” (SECCI) and a complete copy of the contractual text suitable for the stipulation. For the conditions of the insurance services, consult the information files. For the quarterly recognition of the average effective effective interest rates in force pursuant to the usury law n.108 / 1996, please refer to the table published by Lite Lender quarterly.

For customer protection rights and tools, consult the ABF guide.

Pre-contractual information is available in the specific Transparency section, at our offices and on the website of the lender. All content is for example and not limited to. The site aims to provide a broad but not exhaustive overview.

We always urge the user to get as much information as possible before accessing credit.

Although reasonable care has been used in collecting and presenting the information contained on this site, obtained through sources deemed respectable and reliable by Lending Agency, these are to be considered merely indicative and subject to changes over time according to the regulations or parameters of the lender.