Let’s see how the civil invalid loans work, with all the 2019 news about it. Useful information about Social Institute subsidized loans, with the required requirements, the amount of money that can be accessed and the duration. Finally, how to request a free estimate for the monthly repayment installment and interest rates.
Loans for Civil Invalidians 2019: how they work and required requirements
Loans for civil disabled persons are a form of financing aimed at that category of people who need assistance. According to the official Social Institute website, those who have the right to access the different forms of protection of civil invalidity are mutilated and the civil disabled, the blind and the deaf, but also those who are affected by thalassemia and sickle-sickness. Based on the level of disability, the type of benefits to which the individual in question is entitled is established. With regard to economic benefits such as disability pension, monthly allowance and accompanying allowance, these are aimed exclusively at those who have a verified disability rate of more than 74%. So this is the category of potential clients to whom loans for civil invalids are addressed.
Regarding the disabled persons to whom a percentage of less than 75% is recognized and therefore do not receive any economic benefits, there is no mention of loans for civil invalid. This is because in this case the type of financing that must be requested is that of the classic personal loan. For those who receive a disability allowance it is legitimate to ask whether it is possible or not to access subsidized loans. In general, unfortunately this type of pension can not be used to apply for a loan with a transfer of the fifth. This is because we are talking about a form of economic aid that is granted to people who need it precisely because of their disability. So it is about money that must be used for specific needs among which there is no assignment of the fifth. Despite this it is not correct to say that there are no subsidized Social Institute loans for civilians.
This is because in the event that the civil disability allowance is added to another form of income then there will be no problem receiving the desired amount of money. Alternatively, it is always possible to present a guarantor to obtain the financing you need without any problem. How do civil invalidity loans work? This is a form of loan in all respects similar to the classic personal loan. So we are talking about a non-finalized loan, which can be used to deal with any type of expense. The main feature for which civilian invalidity loans deviate from other forms of financing is probably in the requirements. In order to access the desired funding, it is necessary to present a medical certificate attesting the pathology from which the applicant is affected. In particular, only those who have diseases that do not show a risk of death can submit the request.
Social Institute subsidized loans for Civil Invalides: advantages and economic conditions
If you are looking for a soft loan of any kind, then you should definitely contact Social Institute. As we said before, however, Social Institute loans are not provided for those who receive a disability allowance. This is because the civil invalidity can not be used to obtain the assignment of the fifth, as it is not part of the list of transferable pensions. In order to access the subsidized loans for Social Institute civil disabled persons, it is essential that the applicant receives another form of income. So we are talking, for example, of disabled civilians who have a salary that is added to the disability allowance. At the same time, all disabled civilians who receive an old-age pension or a survivor’s pension can access the Social Institute subsidized loans. This is because the latter two are transferable pensions, which can therefore be used as a guarantee to access the desired loan.
There are several advantages of subsidized Social Institute loans that are aimed at civilians who have all the required requisites. First of all, the form of financing proposed is the so-called transfer of the fifth. This type of loan is characterized by the fact that repayment installments are automatically deducted from the salary or pension of the beneficiary of the loan itself. The payment of the installments takes place on a monthly basis, and one of the advantages of this form of loan lies in the fact of providing extremely light installments. The amount to be paid each month will not exceed one fifth of the salary or net pension received. In this regard, it should be noted that for the definition of the transferable share only the amount related to the transferable pension is taken into consideration. If, for example, you receive a disability allowance and an old-age pension, only the latter will be taken into account for the calculation of the maximum payment.
Among the main reasons why the Social Institute subsidized loan is convenient there is certainly the interest rate. This is in fact among the most convenient in circulation, just to protect its members. However, this depends on various factors such as the duration chosen and, especially in the case of civil invalid, the premium for the risk fund. This will in fact depend in part on the type of pathology affected by the applicant, and partly on the age and duration chosen for their funding. Among the advantages of the Social Institute subsidized loan it is important to consider also the ease with which it is possible to have access to the desired amount of money. This is because, as we have already said, the only guarantee that must be presented is precisely the income document and therefore the paycheck or transferable pension. This means that no real guarantees are necessary, and also that those who in the past have been reported as bad payers can access the desired financing.
Provision for Social Institute subsidized loans with repayment installments and interest rates
If you are interested in receiving an Social Institute subsidized loan for civil invalids, then the best thing to do is to request a quote. It is good to remember that through the Social Institute website we have the possibility to calculate a free estimate to know the monthly repayment rate and the interest rate applied on the basis of their own data and those of the loan to which we are interested. To request a quote you need to access your personal area with your user code and password. Once you have entered your personal area, you have the possibility to use all the telematic services provided by the Social Institute. So all the operations that affect the different loan options can be made from your home pc in a few simple clicks. The form of financing that you have to choose to receive information about the subsidized loan for Social Institute civil disabled persons is that of the multi-year loan.
As we have said, the type of loan that can be accessed is that of the sale of the fifth. For this reason it is not the same for all the maximum amount that we can request, and we will have to calculate it on the basis of our income. As we have already said for the calculation of the installment, only the amount relating to the transferable income, which will be the eventual employment income for the disabled civilians who are employees, must be taken into consideration; in the event that you receive an old-age or a survivor’s pension, then it will be precisely this net pension that you will have to consider for the calculation of the fifth. The operation that will allow you to know the amount that can be accessed through Social Institute loan for civil invalids is extremely simple. Simply divide your net salary or transferable pension by 5, and multiply the result by the number of months in which you intend to complete the repayment. Through this simple calculation you will then obtain the sum of money that you can request, gross of interest.
The calculation of the net amount that you can receive is not immediate, since it will be necessary to know precisely the interest rate applied. This, as we said earlier, will depend on several factors, given that the management fee and the risk premium will have to be added to the net rate envisaged by Social Institute. So if you have access credentials you can simply use the online procedure to request a quote online. Otherwise, to give you an idea of the sum of money that you can receive, you just need to make the calculation that we have just explained. On the other hand, to know the exact amount that will be paid to you through a subsidized loan for Social Institute civil disabled persons, with the relative rates of interest in Tan and Taeg, the best thing to do is to go to an Social Institute office to request information. front office. In this way you will have the opportunity to receive a detailed estimate with all the information related to your specific financing. Consequently, you will not have problems to make a quick comparison with other forms of loan on the market to evaluate the effective convenience of the subsidized Social Institute loan.
How to apply for a Social Institute Civil Invalids loan and required documentation
To conclude our analysis of Social Institute subsidized loans for civil invalids, we can see how to apply for this form of financing. In particular, there are two types of loans that you can access. To receive the direct loan you will have to contact the Social Institute and make the request. In this case, Social Institute will directly evaluate our request and proceed with the payment of the amount of money we need. At the time of the request we can then choose the duration of our financing based on those available. It is worth pointing out that the monthly payment of one fifth represents only the maximum installment that we can fix. In case you want to fix a lower repayment installment you can very well do it by extending the duration of the repayment plan. In any case, we advise you to carefully evaluate the costs associated with the loan before setting the parameters of your loan. This is because, by extending the term, the interests we are going to pay will increase accordingly.
Considering that a monthly installment equal to one fifth of the net pension received is definitely within reach, our advice is to direct you towards the maximum payment. As an alternative to the direct Social Institute loan there is an indirect loan. The main difference in this case is in the credit institution that makes the loan itself. In order to make the request, you will need to contact your bank or financial institution. In particular, on the Social Institute website it is possible to consult the list of companies affiliated with the National Institute of Social Security. These banks will be required to set interest rates lower than a certain maximum threshold set by the Social Institute. Therefore, also the loans for civil invalids that are not directly provided by the Institute will be facilitated, given that they will present economic characteristics in all respects similar to the direct loan. In general, therefore, this form of financing is the best proposal available on the funding market for all civilians who need a loan.