Ministerial employees, as well as other state employees, both public and non-public, are entitled to financial loans or assignments of one-fifth of the salary on particular conditions, sometimes rather advantageous. Let’s see what they consist of.
The first thing to consider is the spectrum of benefits that can be obtained, which usually guarantee an advantageous rate. In fact, the benefit can also concern:
- the absence of ancillary costs (such as stamp duty on communications and the costs of practical management or preliminary investigation);
- the possibility of obtaining higher amounts than those which would be addressed to subjects that do not fall within the agreements, conventions or only to the same privileged category in the treatment.
For ministerial employees the same loans reserved for civil servants
Loans dedicated to ministerial employees can be included in the wide range of public sector loans, but they can also count on ad hoc products, the result of specific agreements. In fact, ministerial employees, as workers employed by one of the Ministries of the Government of the Italian Republic, are in all respects part of the ranks of state and public workers. For example, the products provided by Social Institute (National Social Security Institute) with ex Government Agency loans (provided that they are also enrolled in the Unitary Management, which we remind you of, are an optional and not mandatory type of membership). There are also those resulting from specific agreements with some banking institutions.
The assignment of the fifth is one of the forms of financing with advantageous rates, with the possibility of access also to protests and bad payers.
How to choose?
Loans to ministerial employees can also be assessed through a quote with the tools made available by Social Institute through a simulation based on the insertion of simple data such as date of birth and net salary (see the info on the website www.Social Institute. it) or by contacting banks that offer specially dedicated products, especially if they are signatories of some dedicated agreement.
We remind you that the conventions often have a territorial character, therefore to know the existence of particular concessions it is necessary to search on the CRAAL website of reference or inside the intranet if present.
Examples of bank loans for ministerial employees
The loan made available by Across Lender, called the Across Lender Public Employees Loan, offers a financing solution specifically dedicated to pensioners and civil servants. A flexible loan given the possibility of using the Reload option, to obtain new liquidity or the Flexi to delay the payment of one or more installments.
To this first proposal is added the transfer of the fifth which grants up to a maximum of 104 thousand USD (in case of delegation of payment for the affiliated institutions) with repayment in installments of up to 120 months and no obligation to open a bank account in Across Lender.
What has just been described cannot be found in many other credit institutions belonging to the same banking group, as in the case of Lite Lender Company. The Cream bank also finances loan projects online, with zero commissions and stamp duty. Having said this, Lite Lender Company does not reserve special conditions for ministerial employees, unless there are specific internal agreements (which must be consulted through the internal information media).