Nice Bank loans in Government Agency agreement
Among the banks and financial companies that have signed an agreement with Government Agency we find Nice Bank, part of the Mediobanca Group. With the elimination of the Government Agency, Social Institute took over from the institution from January 2012. But what are the conditions of the Nice Bank Government Agency loan offer.
These are loans accessible to both retirees and civil servants. The Nice Bank Government Agency loan offer is based on products on the assignment of a fifth of the salary or pension. Loans which, thanks to the signing of the agreement with Government Agency, present favorable terms.
Sale of the fifth Nice Bank civil servants
Let’s start by talking about Nice Bank loans dedicated to public and state employees. The maximum amount that can be financed is defined on the basis of the income received by the applicant and the duration of the amortization plan. It is in fact possible to obtain sums even higher than 75 thousand USD.
The repayment plan can extend for a maximum of 10 years and includes monthly installments. Since this is a loan on assignment of the fifth, the amortization installments are deducted directly from the paycheck or pension slip. The amount of the installment cannot exceed the fifth part of the pension or net salary.
As regards the requirements to be met, individuals aged between 18 and 63 have access to Nice Bank loans for civil servants. The presence of a permanent employment contract and residence in Italy is also required.
Funding can also be requested in the presence of other loans. Those who need to obtain particularly high sums can resort to the payment delegation. In this case, it is possible to transfer up to two fifths of the net salary.
Nice Bank sale of the fifth public pensioners
Let’s move on to the Nice Bank Government Agency loan offer for pensioners. Also in this case the sum that can be financed can even exceed 75 thousand USD. The repayment can extend for a maximum of 10 years and the installments are deducted from the beneficiary’s pension.
As regards the requirements to be met, all pensioners registered with Social Institute can apply for the loan, including those who refer to the former Government Agency and former Enpals management. In order to gain access to credit, the applicant must also be aged 85 or over on expiry of the loan.