The mini-loans as an alternative to the family loan

Living is expensive. Yes, we like it or not to admit it because of many cabals and juggling that we make money does not last as long as we would like. We cannot stretch every euro twice its value, in order to do and buy everything we would like. The problem in this situation appears when an unforeseen payment is received. Each family knows the budget available, knows how much they can spend without problems with unpaid receipts, but if a certain month in which the income has been the same appears a payment that was not counted, the balance of balance The family economy is reeling and not in our favor. An explanation over at zerra.net

Mini-loan are very few

Mini-loan are very few

In those cases where the need to deal with this new payment is pressing, one of the best solutions is the mini-credits. This form of financing is very simple, you simply need a computer and an internet connection to formalize the request for the mini – credit. In a quick way, without having to make long lines, or having to present endless papers, it is possible to get the money we need. The speed in the management of the mini-loan is one of the most valued things, since the comfort that provides the availability of money in a few minutes is an important value in this type of products. Another noteworthy aspect of the application for this type of credit is that the requirements necessary to obtain a mini-loan are very few. There is no need to have payroll, pension or proof of income normally requested in the case of requesting a loan. In addition, they do not need a guarantee, which is a great comfort, since it is not necessary to mix anyone in our financial problems.

Requesting a loan

Requesting a loan

The mini-loans provide us with the help we need when we need it, without asking for explanations, without demanding great requirements that sometimes we cannot meet. That helping hand to count on when an unforeseen event occurs that cannot wait.

Guarantee, herewith you can lend your credit rating – that’s how it works

Guarantee loans belong to the group of so-called “credit loans”. The bank pays the borrower, unlike a normal loan, but no money, but it provides the borrower with their own credit rating. In short, this means that the bank is liable for the claims of a third party against the participant. For this she receives a certain fee. The advantage is that the business partner of the borrower does not have to further check its creditworthiness. This is thus secured against payment defaults.

The guarantee credit, a special form of credit special

The guarantee credit, a special form of credit special

The guarantee loan is considered a special form of corporate lending. This is practically the assumption of a guarantee or the issuance of a guarantee by the bank.

Liquid funds are not awarded in the guarantee loan, which is why this form is a so-called “loan lending”. The own creditworthiness of the institute is thus made available to the customer.

For the borrower, this construction offers significant benefits. Since no liquid assets are made available, the fee for this type of guarantee is usually well below the so-called “market interest rate”. Banks are also benefiting from this form of loan because they report such loans as a contingent liability. This means that they have less equity to hold than an ordinary loan, provided that there is no actual obligation to pay.

How exactly does a guarantee guarantee?

How exactly does a guarantee guarantee?

Transactions with new customers or even suppliers may expose companies to insolvency. For new business, the seller can not be 100 percent sure that the buyer can actually pay for the goods or services because he does not know them yet. Uncertainty is particularly high in transactions that have a long payment term or are often very large for foreign customers. In order for a certain business to be able to come about anyway, many buyers offer the guarantee as collateral, which is now regarded as collateral for the business partner.

A good example from practice:

A company wants to start a new collaboration with a UK company. This involves furniture worth one million euros, which is to be sold to the corresponding furniture chain. However, the companies have not previously done business with each other. As far as payment practices are concerned, the local company does not know how the British partner company behaves. For this reason, the British company offers to hedge the business via the guarantee credit. This shows that the company has a high credit rating, because only then is a bank willing to actually assume a guarantee.

The terms at NevalCredit

Most standard avocations are given a term of at least 1 month. However, it always depends on the transaction. Guarantees may have a limited or indefinite term. The so-called guarantee obligation of the credit institution expires when the borrower has fulfilled its obligation towards its business partner.

The interest

An interest rate in the true sense does not exist in this type of loan. The guarantee commission fully covers the costs of the bank, which turns out to be an advantage over conventional loans.

The collateral

An avisor does not necessarily have to provide security. The creditworthiness is comprehensively tested in advance by the lending institution, such as, for example, in the case of an installment loan. During the term of the guarantee, the borrower must always inform the bank about economic and financial changes. Surplus accounts, annual reports, etc. must be submitted. Securities, real estate, bank deposits can theoretically serve as collateral for the bank. Even life insurance but also savings contracts can be used.

Guarantee credits and termination

If the loan has a fixed term, the agreement between the borrower and the credit institution will be terminated at the end of this commitment. If the guarantee is for an indefinite term, the payment obligation ends by the lender releasing the institution from its liability. This is usually the case when the receivables from the counterparty have been fully settled.

If there is no other agreement regarding the termination, termination can also be made at any time without notice. Usually this comes about when the bank doubts the security of the financing or the specified collateral has not been provided etc.

Guarantee credit in the summary

Guarantee credit in the summary

A guarantee loan is not a normal loan, but a kind of guarantee that the bank grants to the borrower. Particularly when dealing with new or foreign customers, the guarantee loan is often used, because the new customer is still an uncertain business partner with regard to his payment behavior. The participant benefits from this type of loan, as does the bank itself, which charges a certain fee for the loan.

A guarantee loan can be fixed-term or permanent and usually ends with the settlement of the claims of the business partner. If the credit institution doubts the collateral of the borrower, the credit institution can nevertheless always terminate the loan, unless otherwise agreed. Banks and institutions are therefore looking very closely at the collateral of the hirer before granting this type of loan.

Time deposit: this is how you get the maximum interest on your money.

Fixed term is a type of investment that is concluded over a fixed term, unlike overnight money, and at a fixed interest rate. The interest on fixed deposits will be credited at the end of the investment period. At maturity, the investment can also be invested again as a time deposit or continued as a sight deposit. An option for early retirement is usually not possible. The terms vary between one month and several years. A minimum investment, the amount of which varies from bank to bank, is necessary.

Where can you invest your capital as a time deposit?

Where can you invest your capital as a time deposit?

Most branch, online banks and savings banks offer fixed deposits. Before deciding on a bank, you should make a comparison to determine the best deal. This procedure is particularly important for time deposits, since the capital remains until the end of the term at the provider of choice. A change to another provider is only possible in rare cases and associated with interest rate losses.

When choosing the provider you should also note the conditions in terms of interest credit. Investors must ensure that the interest is credited annually, ie at the end of each year. For contracts with a lifetime of many years, it can otherwise lead to tax losses. The calculation of the tax burden is subject to the date on which the interest accrued.

How to open a time deposit account?

How to open a time deposit account?

In advance, the investor must identify himself to the respective bank. Because all savings banks and banks are required by law to verify the identity of the applicant. The identity card serves as a legitimization document. In exceptional cases, the identity card can be replaced by a passport plus a confirmation of registration.

If an investor wishes to open a time deposit account with a pure online bank, the Postident procedure will be applied. For this purpose, the contract documents and the postident coupon of the respective bank must be downloaded and printed out. The applicant must complete these documents and then go to a branch of the Post Office. He must also present his identity card there. An employee of Swiss Post checks the identity of the customer based on the identification papers they have brought. Then the post office employee scans the coupon and transfers the basic data into a form, the customer must confirm this paper via signature.

The post now sends the confirmation of the identity to the provider. This procedure is always free for the customer. However, it is already working on further solutions for the identification and some credit institutions already offer their customers a videoident process. This saves the way to the post office, it only needs a computer with a webcam.

In addition to the identification and legitimacy of the applicant to an account opening and the contractual agreement on the elements of opening a deposit account. The account contract includes all contractual components. This includes the information on the investment period and the specified interest rate. All other special conditions are recorded in writing.

Bank customers should also pay particular attention to the fact that the agreed interest rate is a fixed rate. If all contractual conditions have been regulated, the time deposit account contract will be created electronically within a few minutes. With the signature of the bank customer, the contract is considered completed and the time deposit account is opened. A signed copy of the contract will be sent to both contracting parties, ie the account holder and the bank.

Now the account holder must deposit the contractually agreed investment amount on the newly opened deposit account. If it is the customer’s house bank, the amount can be transferred either from the savings account or from the current account. If the customer is a new customer with the deposit provider of his choice, then the transfer must be made from a checking account. Because other accounts are not allowed by law for payments between different banks.

It should now be made an exemption order. Because if this is missed, then reduces the effective amount to the detriment of the customer. Credit institutions must tax all proceeds of their customers and pay the share of these taxes to the tax office. Thus, as a customer, the time deposit interest can collect completely tax-free, so the exemption request is absolutely necessary.

The reference account for time deposit

The reference account for time deposit

The saver must have a reference account in order to open a time deposit account. From this account, deposits can be made on the deposit account. And at the end of the term, the time deposit plus interest is transferred to the reference account. This means additional security for the customer. Because in this way it is not possible for criminals to divert an order from one foreign time deposit account to another account.

Is the early payment of the fixed term excluded in principle?

Is the early payment of the fixed term excluded in principle?

At this point, the customer should carefully read the fine print in the documentation before concluding the contract. As a rule, it is handled by the banks in such a way that the investor has no legal entitlement to a payment before the end of the contractually agreed period of time. But due to the strong competition in the credit market, some banks are accommodating and may allow for a premature order. In such cases, however, the investor must expect interest losses, or expect to pay interest rates.

What happens at the end of the contract period?

What happens at the end of the contract period?

At maturity, the customer can directly dispose of the invested time deposit plus interest. However, also here the specific contract conditions must be considered. This is especially true for fixed term deposits with a relatively short term. Because many banks have integrated into these contracts an automatic extension. This comes into force if the customer does not cancel before the deadline.

The date of cancellation should be noted down and set to resubmission at the correct date. With an automatic extension one speaks in the financial industry of a prolongation. If the time deposit account created under such a contract clause is not terminated on time, then the customer must accept the extension. This extension is then subject to a changed interest rate. It is always kept at the current interest rate.

Does a maximum investment or minimum investment amount need to be considered?

Does a maximum investment or minimum investment amount need to be considered?

Yes, that is what all credit institutions insist on. The amount of the minimum investment varies from provider to provider. The lower limit is between a few hundred and several thousand euros.

What advantages does fixed deposit offer?

What advantages does fixed deposit offer?

Time deposit is one of the most popular forms of investment in Germany. Because for the majority of the local savers, the safety of the system is at the top. Only in second place are the considerations about the amount of the return. Bank customers are on the safe side with a fixed-term contract. For the laws of the European Union dictate that up to a maximum sum of EUR 100,000 investment per customer and bank, the capital is 100% hedged by the national income protection systems.

Another advantage of investing in fixed deposits is the high degree of planning security. Because the interest rate is fixed over the entire term of the contract. If interest rates on the capital market fall, then this has no effect on the fixed interest rates. Part of the high level of planning is that the investor knows exactly what interest will be credited to him at the end of the term in euros and cents. And of course, at the end of the term, there is also the legal claim not only on the payment of interest, but also on the complete repayment of the invested amount of money. In addition, the fixed-income investor incurs no fees for account management or administration. These costs are already factored into the distributed interest income by the banks.

It is a secure form of investment. Especially in times when the financial market is often shaken by crises, this security is worth gold. Therefore, this form of investment is particularly suitable for savers who value security. And since the return can be calculated accurately in advance, this investment is also suitable for investors who have high planning certainty first.

Trainee Credit: apply for fair credit for trainees

Young people who have just graduated and are now beginning their careers as trainees are often in the situation of having to reorient themselves and make new acquisitions. These purchases include, for example, various items for a new apartment that wants to be purchased, a separate mobile pedestal or many similar things.

Of course, to get all this, you need money. However, the salary of a trainee or apprentice is often insufficient to pay for all the necessary purchases. A possible way out: Special loans for trainees, apprentices or job entrants.

Trainee loans from banks and savings banks

Trainee loans from banks and savings banks

Basically, apprentices, apprentices and career entrants are a special (welcome) target group of banks and savings banks. Gaining them as a customer and retaining them over a longer period of time is often an important task for them. When providing a current account with gratifyingly good conditions, this customer loyalty already begins.

However, since many trainees and apprentices have little opportunity to put too much money on the side and “let them work for themselves,” banks also special loans are offered loans – so trainees and apprentices right at the beginning of their careers all Can do things that are not only nice-to-have, but really necessary.

Requirements for a trainee loan

Requirements for a trainee loan

The conditions for granting a special loan for trainees are very similar to those that apply for the application for a normal consumer or installment loan. On the one hand, the apprentice or apprentice should be able to prove that he has a permanent residence in Germany. On the other hand, he should be of legal age. Furthermore, it is important for banks that the applicant does not have a negative credit bureau score. If there is a negative credit bureau entry, the loan application is usually rejected.

Of course, a trainee who wants to apply for a special loan for apprentices should also have a proof of income. A reference to pay in the form of payroll is normally sufficient here.

Of considerable importance when applying for a loan apprenticeship can also be circumstances that make the payment of monthly installments more probable and thus significantly reduce the bank’s default risk. For example, co-applicants or guarantors should be mentioned in this context.

It can also be important at times whether the apprentice, apprentice or entry-level person still lives at home with their parents or has already moved into their own apartment, for which he has to pay monthly rent.

Lending to trainees, apprentices and workers during the probationary period

Lending to trainees, apprentices and workers during the probationary period

In most cases, loans for trainees are not awarded during the probationary period, but only after the end of the probationary period. Banks and savings banks are basically the reduction of default risk of great importance. That is why it is important to them that the employment relationship is as safe as possible. Many a house of money even demands at least a six-month employment, even if the probationary period is already over.

Obtaining a loan in the early months as an apprentice or apprentice is therefore often associated with higher hurdles. But as already mentioned, for example, the addition of co-applicants or guarantors can still apply for an apprentice loan. A detailed consultation on all options seems appropriate.

Term for loans for trainees or apprentices

Term for loans for trainees or apprentices

The term of an apprentice loan usually does not go beyond the training period. This is because it is not certain that the trainee will be taken over by his company later. An apprentice can quickly become unemployed. Longer durations are possible with a trainee loan, but only if the default risk of the bank is minimized by other means.

On the other hand, apprentices and trainees, who already hold a clear commitment to take over, can hope for a loan with a longer maturity.

Mini loans and small loans for trainees and apprentices

Mini loans and small loans for trainees and apprentices

Of course, there are also loans for trainees and apprentices in the form of mini or small loans. With this type of loan, the net loan amount is usually only a few hundred euros, which means that the default risk of the lender is lower from the outset than for loans with higher sums. As this is the case, mini-loans and small loans for trainees are also issued more frequently, even if the trainee or apprentice is still in the probationary period. The term is often not more than a month.

Conclusion on the subject of credit for trainees and apprentices

Conclusion on the subject of credit for trainees and apprentices

Anyone who is a trainee, apprentice or career starter and is in urgent need of a loan or a loan at the moment should make sure to learn about loans for trainees and apprentices. Most banks would like to attract apprentices as customers and therefore offer them not only current accounts with great conditions, but also attractive loans – provided certain conditions are met.

Trainee loans for every need

Trainee loans for every need

Loans for trainees and apprentices are available in a variety of forms. On the one hand, these special loans can be applied for at banks and savings banks, on the other hand for private lenders and investors. Loans for trainees are granted by domestic credit institutions, and of course by foreign ones.

There are not only loans with a loan amount of several thousand euros, but also mini and small loans. In general, there are suitable loans for trainees for every need. The loan seeker should only search intelligently. If co-applicants or guarantors are added, as a rule the annual percentage rate of interest decreases due to higher creditworthiness.

Credit comparison and examination of all conditions

Credit comparison and examination of all conditions

Of course, looking for the right trainee loan, one should not sign the first offer “blindly”, but check and compare many different loan offers. High-quality credit comparison portals can help. Important here is the careful examination of all conditions and paragraphs that are in the credit agreement to be signed.

Only those who know all terms and components of the contract in detail will be able to decide best which trainee loan is most suitable for him. Who wants to get a loan shark or make a contract with black sheep that can cost a lot?

What to do if you cannot repay a mini loan online?

A mini-loan is a practical way to obtain a cash advance, which is usually for a much smaller amount than a bank loan, and is intended to cover very specific needs. The amount requested through a mini credit must be returned in a period between 6 and 12 months, at most. Therefore, before requesting a mini credit we must analyze our ability to pay, that is, if we will have the necessary income to return it easily and in a fairly short time. The interests of a mini online loan tend to be high, and if we incur delays, it becomes more difficult to pay.

Mini-loan results

Mini-loan results

Failure to return a mini-loan results in certain actions on the part of the lender. First, they proceed to contact us by not paying the first monthly payment. From there, they start to apply late payment interest, which increases as the days and unpaid installments pass. Also, they proceed to collect a commission of claim for non-payment of fees, an amount that also adds to the initial debt. Additionally, our name can be included in delinquent lists, which would not allow us to have access to bank-type products, and of course, the possibility of obtaining new credits would be almost non-existent. Another possible scenario is that the lending institution chooses to go to court to recover the borrowed amount, interest and late fees, also charging the fees derived from the legal claim.

Maximum of 30 days to pay the mini credit

Maximum of 30 days to pay the mini credit

The most responsible thing before requesting a mini credit is to analyze our finances very well so that we have the assurance that we will be able to pay in the stipulated time; However, we may be presented with certain contingencies that prevent us from returning the mini credit on time. In this scenario, the first thing we should do is contact the lender with the intention of explaining our situation. Starting from there, we can request an extension through which we are granted additional time to stabilize our income, and be able to meet the payment of the mini credit. When we request an extension we have 15 more days to return the debt. We can request up to two extensions, which represents a maximum of 30 days to pay the mini credit. Extensions or deferrals of debt also carry an amount, but significantly less than those we would incur if we delay in returning the mini credit.

In summary, the recommendation is to organize the budget very well so as not to incur defaults of fast online mini loans, and in case of unforeseen events, extensions or deferrals of debts constitute the most viable alternative to continue with our intention to pay the debt assumed.

First time home loans: do you know how to choose the best mortgage?

What is the first home loan?

When is it worth asking? What are the most convenient forms? 

home loan
The purchase of the first home is considered an act of great social importance, such that it enjoys incentives at the regulatory level, aimed at limiting the costs of the financing necessary to purchase the property or allowing families (especially, young couples) to draw on loans even in the absence of all the guarantees that would normally be required by the banks or lending financial institutions.

The classic loan required to buy the first home is the mortgage

The classic loan required to buy the first home is the mortgage

Which consists in the provision by a bank (but today also the financial companies are active in the field) of liquidity necessary for the purchase of a property, which turns out to be the first owned by the purchasing family unit, covering no more than 80% of the purchase price of the house and behind the presentation of some guarantees.

The creditor, in fact, never finances 100% of the sale price, reserving himself a guarantee margin of at least 20%, such as to ensure him to cushion or cancel the losses, should problems arise with the repayment.

Another feature of the loan or mortgage for the first home is that the building object of the purchase is also the one on which a mortgage registration will be charged, ie a real guarantee, which will allow the bank or financial company to execute the asset, if the full repayment of its credit does not take place, to the satisfaction of the sum claimed.

It is clear that income guarantees are required from the debtor, mainly, the enjoyment of an income from work, to be shown by pay slip. In the absence of an ongoing employment relationship or in the presence of a non-stable job or that does not guarantee a certain minimum income over time, it would be very difficult to see the loan recognized.
The loan can be contracted

In these cases, either at a variable rate or at a fixed rate , depending on the choice of the contractor.
In the first case, the rate varies, as the Euribor changes to three months, therefore, the mortgage payment will not be fixed. In the case of a fixed rate, the installment is constant, because the rate remains the same for the entire duration of the repayment.

There are also other mixed solutions, such as the mortgage with a cap , which consists in enjoying a variable rate, but whose increase is limited to a maximum pre-established rate; just as there are variable rate mortgages, whose rate remains constant, shortening or lengthening the repayment period, depending on changes in market rates.

Payday loan: how to get it and how to repay

The payday loan is a short-term loan which is repaid when the monthly salary is received . This is a very popular loan formula in the Anglo-Saxon world, in countries like Great Britain and the United States, where they are called payday loans . This type of financing is designed specifically for the small daily needs that you face in everyday life, when you have difficulty getting to the end of the month: pay a bill, make an unexpected purchase, repair the car and many other similar situations. If you don’t have money in the bank at that time, how do you do it?

Payday loan can be a solution

Payday loan

The loan, depending on its characteristics, can fall into the category of small loans or very fast loans (click here to find out how to get fast loans). The payday loan is in fact a small loan, rarely over 1,000 euros, which can be obtained very quickly , that is within a few days. These characteristics respond precisely to the need for common expenses in a very limited period. But even if the costs are not so large, if the necessary liquidity is not available, they can become a problem.

This type of financing is not provided by banks, but much more often by financial companies , also active online, specialized in this sector. The e-banking activities make these loans even more flexible. The cost that must be faced for this immediate availability of liquidity, however, is very high: usually, the interest rate applied on these loans is very high, precisely because the financial offers a certain amount of money in a very short time and often with lower guarantees. compared to a traditional personal loan.

The other peculiarity of the payday loan consists precisely of the repayment method

payday loan,money

this happens when the applicant receives the credit of the monthly salary following the obtaining of the loan , the payday, in fact. For this reason, these loans are often requested at most one or two weeks before the salary is received. In fact, this financing can be considered as a sort of advance on the salary, which is repaid at the end of the month.

How much does a loan cost? Total loan amount Interest Insurance

CREDIT

What we have already said about receiving a certain amount of cash from the bank does not mean that we will have to give back the same amount. What’s more, when concluding a loan agreement, we should be fully aware that we have to pay more than the bank gave us. The amount we will have to pay depends on the bank. Before joining the loan agreement, it is worth getting acquainted with the offers of several different banks to select the most advantageous offer. In addition to the amount of the loan that we must pay off, the interest rate on the loan must also be added. In each bank, it may be different. The only fixed amount is the maximum interest rate, which is regulated by law and can not be higher than the law provides. In addition, we also bear other costs, which we often do not even realize.

TOTAL LOAN OF THE CREDIT

There are several things on the total loan amount.

AMOUNT OF CREDIT

Our loan agreement is worth €5,000. It means no more that we owe the bank €5,000. This is the amount of our loan, which we have to return according to the repayment schedule. And if it would end perfectly. However, in this case, the bank would not earn anything if it sells its products. The bank as a salesperson also wants to make money. Therefore, it should be remembered that in addition to the loan amount, we also incur other costs related to the loan on our side. In this situation, the loan amount is a big part that we have to give back, but not the only one.

INTEREST

INTEREST

The total loan amount also includes the amount of interest on the loan. The legislator only sets the upper limit of the loan interest rate in the form of a law. The bank must therefore fit in this range. In addition, the interest rate depends on the bank. What is more, the interest rate is determined individually, depending on the type of loan and its amount. Still, it is not everything.

LOAN COSTS

LOAN COSTS

Another cost of the loan is the cost of its service by the bank. Here, unlike the maximum interest rate, the Act does not regulate the maximum amount that the bank can set for servicing the loan. We charge a fee for the fact that the bank provides us with cash. The cost of servicing a loan is, for example, a preparation fee or a loan commission.

CREDIT INSURANCE

CREDIT INSURANCE

Credit insurance is a security for the bank, but above all, collateral for the borrower. In the case of an unexpected loss of income due to credit insurance, we can, for example, postpone the payment of installments. However, this is another loan cost that the borrower must incur.

These are the basic costs that apply to most loans. Depending on the amount and type of loan, there may also be other costs such as a notary or an entry in the land and mortgage register.

Multi-year loans: difference between direct and guaranteed

You will certainly have heard of the INPDAP long-term loans, but you can’t find any recent news: a problem common to all those who have been interested in these funds in recent years for public employees and retired former employees of the State. This difficulty arises from the fact that the INPDAP, the institute that managed social security and credit services for public employees and pensioners, was absorbed by the INPS, the National Social Security Institute, which today provides this kind of funding. Former INPDAP long-term loans are therefore a form of credit granted by the INPS, which provides loans to be spread over several years.

Today there are two forms of multi-year INPS loans , as envisaged in the past also by the INPDAP regulation. The first category is the direct management multi-year loans , addressed to all those enrolled in the Unit for credit and social services, also known as the Credit Fund. Furthermore, those who request it must have at least 4 years of seniority for retirement and 4 years of contributions to the Fund, as well as a permanent contract.

The loan lasts 5 years or 10 years and works with the mechanism of the assignment of the fifth: the reimbursement cannot exceed a fifth of salary or monthly pension and is made by debiting the current account. The nominal interest rate is equal to 3.5% per annum, to which must be added an administration fee of 0.5% and a contribution to the risk provision.

Then there are the guaranteed multi-year loans

loans

Which is expressly addressed to those who benefited from the former INPDAP management: one could say that they are still long-term INPDAP loans. These loans, as per the INPDAP regulation, are provided by financial companies affiliated with the INPS: once again, those registered with the Unit Management Credit Fund can request them and the reimbursement takes place through the mechanism of the salary assignment.

Unlike direct loans, guaranteed long-term loans require the bank to set a variable rate

Unlike direct loans, guaranteed long-term loans require the bank to set a variable rate

The contributions to be paid to INPS are also increasing: in addition to administration costs of 0.5%, a compensatory premium for 1.5% default risk for 5-year loans and the 3% or for those 10 years. The INPDAP long-term loans therefore differ from the small INPDAP loan for the amount obtainable on loan and the longest repayment period.