Loans for postal office employees: all products on offer
Social Institute, through its Credit Fund, provides loans on the assignment of the fifth to employees in service of postal office Spa and associated companies. Better known as Social Institute ex Ipost loans, these loans allow you to access sums with which to cope with sudden economic needs, or finance projects of various kinds.
The offer of ex Ipost loans is divided into small loans and long-term loans, both disbursed through the Social Institute Post Office Fund Management. The small loans have a maximum amount that can reach eight average net monthly payments received by the applicant, but the amount that can be financed varies according to the duration of the amortization plan.
The small loan
For each year of the loan term, which can be 12, 24, 36, or 48 months, it is possible to obtain a sum equal to two average months after tax. Consequently, for a loan with an annual duration, two months can be obtained, for a biennial four, and so on.
For employees who have other assignments of the fifth in progress, the amount payable is reduced to one monthly for one net monthly for each year of depreciation. Employees can access small loans and have at least 2 years of tenure. When applying, there is no need to indicate any reason or cost estimate. The APR is fixed at 5% for the duration of the refund.
Long-term loans for postal office employees
Unlike the small loan, multi-year loans can have a five-year or ten-year duration and are granted only to those who have at least 4 years of tenured service. Employees of postal office Spa and associated companies can access this form of loan only to finance projects falling within the cases indicated in the credit regulation.
The disbursement takes place within the limits of the salable portion of the salary received by the applicant, which generally corresponds to one fifth of the same. The repayment of the credit, we reiterate, takes place by direct reduction of the installment from the salary. The amount that can be financed varies according to the reason for which it is requested, while the APR applied is 3.50% for the duration of the reimbursement. The installment is constant.
How to submit the application
But how to apply for Social Institute ex Ipost loans? Application forms can be downloaded directly from the official Social Institute website. As for the documents to be attached, a photocopy of the identity document and a copy of the last paycheck received by the applicant are required for the small loan.
The presentation of the salary certificate is also required, which must be issued by postal office Spa or associated companies. To obtain this certification, the worker must submit a specific request to the competent administrative point, he will be responsible for forwarding it to Social Institute.
For Social Institute ex Ipost multi-year loans, on the other hand, all the following documents are required:
- self-certification of family status;
- salary certificate;
- photocopy of the last paycheck;
- photocopy of valid identity document;
- medical certificate attesting to the applicant’s good health, issued by the general practitioner on headed paper;
- certified copy of the originals.
To these are added all the documents certifying the expenses made or budgeted relating to the reason for which the loan is requested, as specified by the Social Institute Loans Regulations ex Ipost.
For both small loans and long-term loans, the application must be sent by paper mail to the following address: Social Institute – Central Credit and Welfare Directorate, Credit Performance Area, viale Aldo Ballarin, 42 – 00142 Rome.
Ipost multi-year loan simulation
Those who wish to simulate the loan and calculate the repayment installment can use the simulation procedure available on the official Social Institute website. The service, accessible through the information pages dedicated to Social Institute ex Ipost loans, allows you to simulate the loan by indicating the gross amount of your monthly salary and the characteristics of the loan you intend to apply for.