Conditions of the small Social Institute loan: amounts and conditions
The small Government Agency Social Institute loan is a form of financing accessible to public employees and pensioners. A line of credit that fell under the competence of Social Institute following the suppression of Social Institute, which took place in January 2012. In this study we will see how to calculate the small Social Institute loan calculation.
The first thing to clarify when dealing with the small loan issue is who it is for. Only employees and public pensioners registered with the Social Institute credit fund, the Unitary Management of credit and social benefits can apply for the small loan.
Loans that allow you to obtain relatively low amounts with which to face sudden or unexpected expenses. The sum that can be financed is defined on the basis of the income received by the applicant and cannot exceed eight months of salary or pension. The repayment takes place in 12, 24, 36 or 48 months.
Interest rate and expenses 2019
The interest rate is always fixed at 4.25%. A rate of 0.5% for administration costs also applies to the gross amount of the loan. The payment of a premium for the Social Institute Risk Fund is also envisaged, defined on the basis of the age of the applicant and the duration of the loan.
Consequently, while the Tan is always equal to 4.25%, the other expense items applied to the loan are also necessary to calculate the Taeg. In this regard, the simulator for the small Social Institute loan calculation can be very useful .
How to carry out a simulation of small Social Institute loans
To reach the web application you need to connect with the official Social Institute portal. From the home page you will then have to click on the link All services, located at the top left.
Once you have arrived on the page which indicates all the services accessible from the site, you need to filter the results by theme. In the relevant field you will have to enter part of the name of the calculator, called Public Employee Management: simulation of the calculation of small loans and long-term loans.