Loans for the State Police: assignment of the fifth and loan delegation, rate simulation
The personal loan for employees of the State police allows the category of workers to whom it is dedicated to obtain a variable capital based on the total expenditure to be supported. The financing offered for the agents of the State Police foresees the advantage of a facilitated interest rate and a personalized amortization plan, thanks to the disbursement of the loan with the assignment of the fifth or with the loan of payment, in which the installment is deducted directly from the pay slip by the employer.
The disbursement of a loan with a salary-backed loan and a loan with proxy enables variable capital to be obtained based on the expenses to be incurred without producing documentation that certifies or justifies the destination of the requested sum. The maximum amount of the transferable installment per month is 1/5 for the assignment of the fifth and up to 2/5 for the delegation of payment, repayable with a maximum repayment plan of 10 years, with 120 monthly installments. Let’s see together the details of these two types of personal loans dedicated to the agents of the State Police, the conditions of disbursement, repayment of the capital and the interest rate.
The loan for employees of the State Police: WHAT IS IT?
The personal loan dedicated to the agents of the State Police makes it possible to obtain a loan through the assignment of the fifth of the salary or the loan delegation, which is a very convenient form of financing. The monthly payment is, in fact, deducted directly from your pay slip, and paid by your employer to the loan provider. By subscribing to these two forms of financing, you do not have to worry about paying the installments by bank transfer or postal payment slip.
In the personal loan with salary assignment, the maximum monthly installment amount must not exceed 1/5 of the salary and the employer cannot refuse to carry out the deduction of the sum due and pay it to the bank. In the proxy loan, the maximum monthly installment provides for an amount up to 2/5 of the net remuneration, with the possibility of reaching 50%, if the requested capital is high and it is not possible to spread the sum in the maximum duration of the amortization plan than 10 years.
PLEASE NOTE : the loan with delegation of payment for the agents of the State Police cannot be requested by the retired subjects and the employer can also refuse to carry out the operation of the deduction of the installment (unlike the assignment of the fifth, for which the employer cannot refuse).
The loan for employees of the State Police: TABLE
To better understand and summarize, a table is presented below which highlights the main features of the two forms of loan for agents of the State Police, through the granting of the assignment of the fifth and of the loan for the granting of payment. The table shows the conditions for the repayment of the capital, the amount of the monthly installment and the possibility of signing the loan if you have other personal loans in progress:
|LOAN FOR AGENTS OF THE STATE POLICE||MONTHLY INSTALLMENT||CURRENT AMOUNT OF THE FIFTEEN + other loans IN PROGRESS|
|EMPLOYEE LOANS||1/5 OF THE SALARY TO THE NET||MUST NOT EXCEED 20% OF SALARY TO THE NET|
|LOAN DELIVERY OF PAYMENT||2/5 OF THE SALARY TO THE NET|
The loan for employees of the State Police: REQUIREMENTS
The assignment of the fifth and the loan delegation of payment for the agents of the State Police make it possible to obtain a loan with installment deducted directly from one’s pay packet, without having any particular guarantees. These two types of financing are destined to the category of workers of the State Police and to the application for presentation of the loan it is necessary to have the following requirements :
- agents of the State Police;
- permanent employment contract;
- length of service of at least 12 months;
- to be on duty.
Assignment of the fifth and loan for State Police: DOCUMENTATION
To request a loan with the assignment of the fifth and the loan delegation dedicated to the agents of the State Police, it is necessary to present the following documentation, suitable for certifying one’s income status and being on duty:
- valid identity document;
- fiscal Code;
- last paycheck.
Assignment of the fifth and loan for State Police: REQUIREMENTS and DOCUMENTATION
Below is a table to summarize and better understand the requirements for requesting the type of loan for agents of the State Police through the assignment of the fifth and the loan delegation, also indicating the related documentation to be presented at the time of signing the contract:
|LENDING TYPE FOR STATE POLICE||REQUIREMENTS||DOCUMENTATION|
||AGENTS OF THE STATE POLICE||IDENTITY CARD’|
|BEING IN SERVICE||FISCAL CODE|
|INDETERMINATE TIME WORKING AGREEMENT||LAST PACKAGE PAY|
|SENIORITY AT LEAST 12 MONTHS||CEDOLINO PENSIONE (IF THE LOAN IS ACCEPTED)|
Delegation loan for State Police: MONTHLY INSTALLMENT SIMULATION
The assignment of the fifth and the loan for the payment of agents for the Police of the State provide for the payment of a variable loan with an amount of the installment calculated on the basis of one’s monthly remuneration and the presence of other loans in progress. The proxy loan, however, differently from the salary assignment, allows to obtain a greater sum for which also the amount of the monthly installment is greater, up to half of the net salary.
Please see below the table that summarizes a loan simulation with delegated loan with convention for the agents of the State Police, highlighting the amount of the maximum transferable installment of 50% of one’s salary and a second amount disbursed with the transfer of the fifth of the salary up to 20%: (TABLE 2)
|SALARY OF STATE POLICE AGENTS||MAXIMUM REQUEST FOR THE DELEGATE LOAN||INSTALLMENT LOAN AMOUNT REPORT + OTHER FINANCING IN PROGRESS|
|MONTHLY REMUNERATION TO NET 2.100 USD||UP TO 1050 USD||
|AMORTIZATION SCHEDULE||12 MONTHLY RATES||10 YEARS|
Cession of the fifth for State Police: MONTHLY INSTALLMENT SIMULATION
Table 2 is shown below with the simulation of a personal loan with the transfer of the fifth of the salary up to 20% for the agents of the State Police:
|SALARY OF STATE POLICE AGENTS||MAXIMUM DELIVERY RATE WITH THE SALE OF THE FIFTH||INSTALLMENT LOAN AMOUNT + OTHER LOANS IN PROGRESS|
|MONTHLY REMUNERATION TO NET 2.100 USD||405 USD APPROX||
|AMORTIZATION SCHEDULE||120 MONTHLY RATES||10 YEARS|
Assignment of the fifth and loan for State Police: INTEREST RATE
All the types of personal loans requested with the fifth assignment or with the delegated loan provide for reductions in the interest rate, which for the entire duration of the amortization plan remains fixed, with a constant installment amount. The percentage of the interest rate is variable based on the financial company to which the personal loan is requested but in general it is greatly reduced compared to the rate applied to other types of financing.