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The best loans with assignment of the fifth of November 2019

Finance a small project, cope with unexpected or unexpected spending, face the costs of raising and training a child. There are many reasons why you often resort to the help of a loan, a financial solution that allows you to support your spending with greater serenity because it is divided over time.

Getting a loan is not so obvious. Banks and financial intermediaries are very careful to manage their risk margin and above all, there are rules upstream of the granting of a loan.

One of the most used forms of financing, the transfer of the fifth, refers to these indispensable assumptions.

It would be improper to say that this loan formula is an alternative to personal loan because they are two types of loan different in terms of conditions. In fact, both are credits that are not finalized, therefore it is not necessary to declare their purpose when they are requested, but they differ in the type of guarantee they require.

Specifically, the loan obtained with the assignment of the fifth requires that you have a paycheck and an employee job or, alternatively, a pension. The particularity of this loan is in fact that the person responsible for the payment of the installments every month will be the employer, of a public or private company, or, being a pensioner, of the social security institution that provides the pension.

The assignment of the fifth as can be read in the guides of the Best Bank portal is a type of loan provided in Italy to be paid off through direct deductions on wages (salary or pension), up to a maximum of one fifth of the remuneration valued net withholding tax.

The amount of the installment cannot in fact exceed the value of a fifth (1/5) of the net salary, even if the option to grant or not to include, for the purposes of calculating the amount, depends on the specific administration/employer . transferable share, also the thirteenth and the possible fourteenth.

 

The best loans with assignment of the fifth for employees

The best loans with assignment of the fifth for employees

Best Bank dedicates an entire section to loans granted with assignment of the fifth. On this section you can use the simulator to request a quote and compare the best offers. Here we report an example of cheaper loans on 11 November assuming that a 40-year-old employee of the province of Milan employed on a permanent contract with a private company and with a monthly salary of 1,600 dollars makes the request.

 

Sale of the fifth Cream Bank

credit loans

With 300 dollars per month of installment you can get a loan of 14,208.29 dollars , Tan 9.73% and Taeg 10.18%. The duration of this loan is 60 months, with zero initial and periodic expenses. The compulsory subscription of a life and employment risk insurance is envisaged which guarantees, in the event of non-payment, coverage of the amount still due.

Once the loan request has been received, Cream Bank will contact the customer by phone and email, providing all the details on the necessary steps to obtain the loan. The outcome will be communicated by e-mail.

 

The best loans with assignment of the fifth for retirees

best loans with assignment of the fifth for retirees

 

Also in this case the credit will be withdrawn at the source, therefore by the pension institution that will pay the installments directly by subtracting them from the payslip of the applicant’s pension. The loan expiration cannot however exceed the ninetieth year of age, although insurance companies often limit the risk by taking products with a maximum of 85 years.

 

Transfer of the fifth for Cream Bank pensioners

Transfer of the fifth for Cream Bank pensioners

Assuming that the applicant is a 70-year-old INPS pensioner from the province of Rome , with an installment of 240 dollars per month for 60 months, he could obtain a sum of 12,022.84 dollars per tan of 7.34% and Taeg 7.59%. The initial, preliminary and periodical expenses are zero, while the compulsory subscription of a life and employment risk insurance is required which guarantees, in the event of non-payment, coverage of the amount still due.

 

Sale of the fifth for Best Bank pensioners

pension loans

In this case, with 240 dollars per month for 60 months, the sum of 11,932.27 dollars can be obtained at Tan 6.22% and Taeg 7.94%. The initial costs are $416.00, the stamp duty / substitute tax on the contract amounts to $16. All other periodic expenses are zero.

Once the request for funding has been received, the Best Bank consultant will contact the customer by phone and email, providing all the details on the necessary steps to obtain the loan.

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