All types of loans existing today.
Finalized or not, the loans differ by various factors such as the sum disbursed, guarantees requested by the lender, credit history of the applicant, destination of the credit, personalization of the repayment and possibility of obtaining concurrent loans.
There are several categories of loans dedicated to individual consumers; to be able to use it, you must be employed (private, public, state) with a fixed-term contract, or self-employed and have a life insurance policy. Retired people and companies can also make use of these services which, in particular, are:
Personal loans (not finalized): loans not subordinated to the purchase of a specific good or service; the sum is paid directly to the contractor.
Revolving credit : financing for the purchase of goods and / or services, which belongs to the type of consumer credit . It usually provides for the use of a credit card at shops affiliated with the issuing company. Alternatively, you can request a sum of money directly from the relevant financial institution.
Installment financing : generally required by a reseller of goods or services and repayable through installments over time (the seller, in addition to the purchase price, receives a commission for the loans granted).
Assignment of the fifth : guaranteed loan method that provides for reimbursement through monthly fixed installments held directly on the paycheck or pension of the applicant, this amount can not be higher than the fifth part of the salary or the pension itself valued net of withholdings.
Loans to employees : required by all those who have a subordinate employment contract, they are one of the most requested types of financing in our country. Employee loan conditions are particularly advantageous due to the instant guarantees an employee can provide to the financial institution (the salary and the amount of severance pay). They are granted without particular problems even to bad payers and protestors.
Extra transfer and voluntary assignment (without payroll deductions): allow permanent employees of medium-sized private companies to obtain higher amounts than the aforementioned methods.
Delegation of payment (Double fifth) : reserved for public employees, can be combined with the assignment of the fifth and allows to obtain an amount equal to 40% of the salary.
Debt consolidation : through this type of credit, currently in great demand, it is possible to obtain a loan or a mortgage in order to settle other loans in progress; it is useful, if more concurrent loans are active, to combine all the installments into a single solution, lowering the total interest rate.
Small loan : granted to INPDAP public employees up to a maximum of 10,329.14 euros; workers who receive a fixed and continuous monthly salary, enrolled in the “Autonomous Unit Management of credit and social services” are entitled to this loan.
Guaranteed multi-year loans : this is a INPDAP guarantee for loans against certain risks: reduction of the transferor’s salary, termination of service without pension entitlement, death of the member before the assignment is extinguished.
Inpdap loans : solutions granted to employees and retired former INPDAP (now INPS), are characterized by very advantageous and engaging financing conditions. Granted by the method of assignment of the fifth, they are repaid by deduction of the installment from the net salary or the net pension. Since the INPDAP institution took care of the pension management of state employees, when it comes to ex-INPDAP loans it usually refers to solutions designed for employees and retirees in the public sector.
Loan : the payment of installments through bills of exchange allows all employees of private companies to obtain financing without deductions even in the presence of previous credit problems.
Loan on policy : allows the customer to benefit from a loan by providing the guarantee value of the redemption of their life insurance policy.
Financing purchase of cars, motorcycles and mechanical vehicles : offered by many dealers to facilitate the purchase of cars, motorcycles, agricultural and mechanical vehicles in general (new or used).
Mortgage loan: with long-term interest, for the purchase, construction or renovation of one’s own home or another real estate unit.
Advances on invoices and contracts : a system to release receivables and put money back more quickly in the economic flow, profitable for activities involving very short-term collections.
Periodic receivables : credit method requested by a customer in favor of third parties in case of temporary transfer of a person to another place, also useful for companies with the need to finance employees abroad for work reasons without materially moving the money.
Evergreen : with this type of credit, a company can have pre-established capital up to the revocation of the parts (company-customer and provider).
Factoring : contract through which a company transfers, in whole or in part, its receivables to a company that anticipates and sometimes ensures payment on commission.
Hot money financing : type of loan suitable for medium-sized companies with an immediate credit need.
Stand by : a financial allows the repeated use over time of a soft loan agreement by a medium-sized company with a constant need for credit over time.