Small personal loans Social Institute ex Government Agency
With the elimination of the Government Agency, all services dedicated to employees and pensioners of the public administration have become the responsibility of the Social Institute Public Employee Management. Among these we find the small Social Institute loan ex Government Agency, personal loans at a subsidized interest rate dedicated to all those enrolled in the unitary management of credit and social benefits (Social Institute credit fund).
The small loans ex Government Agency are accessible to all public employees and pensioners and allow access to sums of up to 8 average net monthly payments received by the beneficiary. Loans can have a duration of 1, 2, 3 or 4 years.
For each year of the duration of the loan, it is possible to access a sum equal to two average net monthly payments received. In other words, a small annual loan allows you to obtain two net average monthly payments, while a two-year loan provides for a financing amount equal to four average net monthly payments.
Conditions of the small Government Agency loan
However, it should be noted that the maximum amount that can be financed is reduced to a net monthly salary for each year of duration. Regardless of the duration and the amount financed, the interest rate applied to the small loan is 4.25%.
A rate of administration costs of 0.50% and a provision for risks defined on the basis of the age of the applicant and the duration of the loan also apply to the gross amount of the loan. The repayment of the loan takes place with an amortization plan in monthly installments, directly deducted from the beneficiary’s pension or salary.
Social Institute loans: how to apply?
The loan application must be submitted electronically. Specifically, employees in service activities can only submit a request for credit through the Administration where they are hired.
Retirees, on the other hand, can choose whether to submit the application using the appropriate online service, by contacting the Social Institute Contact Center or a patronage. Those who wish to carry out a simulation of the financing can use the special Social Institute service. It is a system that allows you to know the amount of the loan installment, simply by entering the average salary of the beneficiary and the duration of the loan in the appropriate form.
The service for the simulation of small Social Institute loans is accessible by following the path : “Home – Services – Management of Public Employees: Simulation of Small Loans and Multi-year Loans Calculation”.