The possibility of applying for Government Agency loans is for all pensioners and civil servants who can report directly to the Social Institute and no longer to the pension fund for civil servants that once took care of it.
Starting from 2011 after the abolition of the institution in charge (Save Italy Decree) all public employees can have access to a loan to the social security institution or alternatively to the bank . This type of loan has very advantageous economic conditions and provides for three types of loan.
Government Agency loan forms: how to apply
To apply for Government Agency loans (for more information here is the official portal Government Agency it is necessary to complete and send a series of forms to Social Institute, for each type of loan it is advisable to check that you have all the necessary requirements, the complete regulation it can be downloaded on the Government Agency website, let’s see some key points: being a public employee of the state or of a local authority, receiving or having received a continuous paycheck, permanent employment contract or retired after an indefinite employment contract.
To proceed with the electronic compilation of the application, it is appropriate to access the Public Employee Management Services section on the Social Institute website, to the Loans application, it is possible to proceed with the compilation. To access it, you must be accredited, if you are not, it is possible to request it using the form on the website (choose a small Government Agency loan or a multi-year loan based on the one you are interested in).
The web system is very simplified, subscribers can independently complete the process by submitting the application, so obviously the times are shortened compared to submitting the application in paper form. Those who belong to the Carabinieri Corps can submit a paper application with the forms available on the Government Agency website where they can enter their personal data and information relating to their performance.
The applications that are rejected in general is because they are incomplete or inconsistent , the result is always communicated electronically. This procedure allows you to simplify and greatly speed up the process, a longer and more laborious time.
For those who want to apply for an Government Agency multi-year loan, it is possible to access the website of the social security institution and download the form for a direct or guaranteed loan, therefore AC040 or AC050 remembering to attach the medical certificate .
If you need to evaluate the mortgage loan rate, you must also attach the AC025 form, always available in the same section. Furthermore, as the regulation establishes, it is possible to request the early repayment of the debt with an AC060 form available in the appropriate area. For those wishing to acquire a cooperative home, the form must always be submitted online but a declaration from the President of the Cooperative on headed paper is required.
Always pay close attention to the question you intend to ask as the forms change, in the case of some loans as previously specified, the justification of the expense to be attached to the submission form is required to finalize the application, the institution wants to know how the money will be used.
For others, as in the case of the guaranteed multi-year loan, there is no need for this document but it is necessary to refer to the Administration which provides to connect everything to the Social Institute and not to apply directly. In this case the application must be submitted in four copies.
The simpler the loan, the more the documentation to be submitted is simplified because it is also connected to lower figures which imply a lower risk for the Social Institute.
Also in the same section of the site, you can access the form that allows you to have a refund of the additional premium paid to the Social Institute that provided the guarantee, paid to the public employee credit fund. In this case the model to download and present is AS120 .
Calculate the sum of your loan based on your salary
Each Government Agency loan has limitations, before requesting it, it is good to know that the installment that can be paid can reach a maximum of one fifth of your salary or pension, so starting from this we can identify the amount that we will pay and consequently the amount to which we have access.
The Government Agency website contains some explanatory tables that allow you to make estimates of both administrative costs and installments. Let’s see some examples: by requesting a multi-year loan worth around twenty thousand USD, we will pay an installment of around two hundred USD, over one hundred USD of administrative expenses and around five hundred USD for the Fund.
Government Agency Loan Form: advances 2019
The procedures for requesting the disbursement of loans are being simplified , which basically means that they are continuously updated. All forms are available on the Social Institute website (as indicated above), one for each request or variation of the case. In the next year, however, there may be changes, not only to the modules as to the procedures. To keep up to date, you can consult the reference site where there is always news and information on the loan application procedures.
The types of Government Agency loans
The worker can ask for a small sum , in this case the public employee or pensioner has access to the credit fund and can have up to eight months.
This type of financing has a duration of one to four years and the amount depends exclusively on one’s salary. If someone has previously benefited from the assignment of the fifth, they can request it but this will be a salary if repaid in a year, two if repaid in two years and three if repaid in thirty-six months and so on. It will however be possible during the work to ask to double the amount.
For those who want to access it, the loan will be disbursed on a current account, the repayment will be made starting from the second month after crediting. The installments foresee a TAN of 4.25% and administrative expenses of 0.5%.
The most complex loan is the multi-year one, which means a commitment ranging from 5 to 10 years and is always calculated on the basis of one’s salary. Multi-year direct loans are exclusively for those who have had permanent contracts and four years of seniority. In this case, your severance indemnity is used as a guarantee for the same.
The interest rate is 3.5%, and a risk fund premium must also be paid. The request must be accompanied by a medical certificate and documents attesting to its need and purpose of use. Based on the request, Social Institute may specify further documentation to be submitted.
The long-term guaranteed loans, on the other hand, are those granted by third parties that are not directly Social Institute but in any case have an agreement. In fact, the guarantee for having it is offered directly by the pension institution in the event of death.
This loan has limitations, it can only be requested with a permanent contract and four years of experience, it can last from 5 to 10 years, therefore for amounts of a certain type. In this case, you are not asked to present the purpose of spending but you must submit the application to the Administration and the certificate. This will transfer everything to the financial intermediary and then to Social Institute. Loans affiliated with banks and companies offer very easy terms.