Subsidized loans for teachers 2020
social security ex Inpdap loans are economic services that allow different categories of workers to satisfy numerous needs regarding the need for money. What are the main alternatives related to Inpdap teacher loans?
Before reviewing the characteristics of the various loans, however, it is necessary to specify that these are accessible only to teachers enrolled in a particular social security credit fund, the unitary management of credit and social benefits.
When it comes to Inpdap teacher loans, therefore, there are several alternatives, primarily the small loan. Reserved for members of the Unified Management of Credit and Social Services, this loan allows you to request even small amounts of money and to repay the amount received in a maximum of 48 installments.
The rate is fixed for the entire duration of the loan and is equal to 4.25% (administrative costs corresponding to 0.50% of the amount disbursed).
What to know about multi-year financing
Inpdap teacher loans also include multi-year funding. What is it about? Economic benefits that may be required to cover sudden expenses related to health, to the renovation of the home, to the marriage of the teacher enrolled in the unitary management of credit and social benefits or one of his children.
The loans in question can be repaid in 60 or 120 months and have a fixed rate for the entire duration of the loan of 3.50%.
The assignment of the fifth of the salary
Another formula of access to credit useful to teachers is the assignment of a fifth of the salary. This type of Inpdap teacher loan is particularly advantageous precisely due to the possibility of considering the receipt of the paycheck as a form of main guarantee.
The loan against assignment of the fifth of the salary – which can last up to 120 months – can also be requested in the event of problems related to non-payments or protests, since it does not require checking the databases as a binding requirement for the disbursement.
Subsidized mortgages for those who want to buy a house
Do Inpdap teacher loans include alternatives for those who want to buy a house? This question has an affirmative answer, which concerns a product that is also accessible to pensioners. What are we talking about? social security mortgage loans, which can be requested by those registered for the unitary management of credit and social benefits for more than a year.
The economic service in question allows you to request a mortgage of up to $ 300,000 – which can be supplemented with a further $ 6,000 to cover non-compulsory insurance costs – for the purchase of the first home of the registered pensioner or his family member.
The social security ex Inpdap mortgage loan can be fixed rate or variable rate. In the first case, the interest rate is defined using the Loan To Value method, while in the second, it is to be obtained on the basis of the 3-month Best bank, increased by 200 basis points and calculated over a period of 365 days.
Applications for access to social security mortgage loans must be filed electronically from 15 January to 10 October each year.
How to make a simulation
Those who wish to know in detail the conditions of loans and subsidized loans, and get a more precise idea of the repayment plan they would face, can use the appropriate simulation services for loans and Inpdap teacher loans.
Let’s start with the loans. To access the online simulation service, simply connect to the social security.it site and follow the path : Services and Services / Public Employee Management: simulation of the calculation of small loans and long-term loans.
Once the web application is reached, the user can choose between three simulation Inpdap loan calculation methods. At this point it will be sufficient to insert the requested data in the calculation form.
The system will therefore propose all the social security ex Inpdap loans (both small loans and long-term loans) accessible to the user, based on the data entered. The main features of the amortization plan are indicated for each loan, including interest rate and monthly installment.
Calculate the mortgage payment
As regards the simulation of the subsidized mortgages social security ex Inpdap, the reference service can be reached by following the path: Services – Management of public employees: management of a mortgage loan for buildings.
By selecting the Simulate Amortization Plan function, it will be possible to carry out a real simulation of the loan repayment. Simply indicate the amount you want to obtain and the characteristics of the amortization plan (duration and type of rate) chosen.