Social Institute ex Government Agency loans allow access to credit to meet needs of different nature. Inquiring about Government Agency rate loans is essential if you intend to choose the best plan for your situation.
Government Agency loans at a subsidized rate: the small loan
Talk about funding Social Institute under Government Agency implies the need to consider different types of plan, among which you can remember the small loan. How does it work? We remember first of all the possibility of requesting a minimum amount equal to a net monthly salary and that of choosing an amortization plan between 12 and 48 months.
Reserved for members of the Unified Management of credit and social benefits, whether they are retirees or workers in service activities, this loan is characterized by the application of a rate of 4.25% and by the presence of administrative costs equal to 0.50% of the amount requested.
Government Agency loan rates: what to know about the transfer of the fifth
Another aspect to be explored with regard to Government Agency interest rates concerns the peculiarities of the assignment of the fifth, one of the most widespread and advantageous consumer credit formulas.
This type of loan provides for the reduction upstream of the fifth part of the salary or pension, which is a very interesting advantage, which must be associated with the possibility of accessing credit even if your name is registered in the bad pay databases and protest.
Loans with the assignment of one fifth of the salary or pension are made available by various credit institutions which, according to the provisions of the relevant legislative texts, apply a fixed rate lower than the anti-usury threshold, which does not vary for the entire duration of the loan.
Another rule concerning the loan against the transfer of a fifth of the salary or pension concerns the need to maintain the amortization plan within 120 months.
Government Agency loans 2016 rates: information on long-term loans
The issue of Government Agency loan rates also implies attention to the peculiarities of the Social Institute multi-year loans ex Government Agency. Before getting to the heart of the issue of interest, we remind you that these loans provide the possibility to access credit for both family and personal reasons, and to obtain loans aimed at home renovation, the payment of legal fees in case of divorce or separation, all purchase of a car (these are just some of the many purposes provided for by the Regulation).
Government Agency multi-year financing: all on the rate
As regards Government Agency interest rate loans, long-term loans are characterized by an interest of 3.50%, to which must be added the administrative charge of 0.50% of the amount requested.
These loans, just like the small loan, are reserved for members of the Unified Management of Credit and Social Benefits and provide for the possibility of choosing an amortization plan of between 60 and 120 months.
Can renewal be requested? The answer is yes and varies according to the duration of the repayment plan (for five-year plans, renewal may be requested after two years, while for ten-year plans after four).