How to apply for Government Agency loans, what are the procedures for obtaining these loans at subsidized rates and which requirements must be respected? The Government Agency Social Institute loans correspond to a rather complex offer, in which direct loans and those in agreement find space.
The ones we will discuss are direct funding, or directly managed by the Social Security Institute. There are two proposals, the Small Loan and the Multi-year Direct Loan.
The two public credit lines share these two lines of credit, i.e. civil servants and pensioners enrolled in the unitary management of credit and social benefits. The worker with a fixed-term contract can obtain and repay the loan only while his employment contract is active.
Social Institute loans for civil servants and pensioners: how to send the application
We come to the modalities relating to how to apply for Government Agency loans. Direct loans must be requested online, the services of the Institute’s official website (Social Institute.it) will be used. The application procedures change, in detail, according to the funding examined.
The application from employees must be provided to the Institute by contacting the reference administration. Retirees, on the other hand, can use online services or patronage.
On the pages ” Apply for a small loan for Unitary Management of credit and social benefits” and “Apply for a direct multi-year loan for Unitary Management members”, manuals are available which detail the procedures.
Government Agency loans: rates and duration of direct loans
In addition to having seen how to apply for Government Agency loans, we analyze the general characteristics of these loans. Small Government Agency loans provide a repayment plan structured in a period ranging from 12 to 48 months. They allow you to enjoy a fixed rate of 4.25% and do not concern particular uses.
Multi-year Direct Loans are associated with two types of repayment plan, five or ten years. It is a credit line based on the assignment of the fifth. The request for funding must be pertinent with the purposes set out in the Social Institute regulation. The interest rate is lower than the Small loan, it corresponds to 3.50%.
With regard to direct Government Agency Social Institute loans, therefore both the Small loan and the Multi-year direct loan, an online calculation function is available on the Social Institute website. In this guide you will find all the information to perform the simulation of the repayment plan.