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Astro bank financing: personal loans part II

In this period there are many banks that diversify their products to make them become attractive and compatible with market demand. Astro bank has created a series of convenient, versatile and customizable offers, able to meet the needs of customers. 

Already in a previous article, published in this guide, it was possible to highlight some financial products, namely personal loans ; however, some of them have been left out with the intention of continuing the discussion elsewhere.

The list of products described in detail in the first part is as follows:

  • FidoPiù, combined with a current account in order to meet unexpected expenses;
  • Monorata Service which gives the possibility of combining all the repayment installments of the different loans signed into a single payment solution;
  • For You Loan in Tasca, or that financing that allows a versatile use, according to your needs and your time, because you can use it when, where and how you want;
  • Multiple Loan, which can be subscribed for all those important or unforeseen expenses of a strictly personal nature.

Below, instead, you want to focus on other personal loans, or the following:

  • Loan Maxi Pignoratizio, or that loan of a flexible amount and duration, able to allow customers to plan future expenses and investments;
  • social security Pensioner Loan, or that loan that allows you to enjoy your pension while not neglecting the investment opportunities;
  • Loan Protect Mortgage, or that loan that allows customers to allocate the insurance installment according to personal needs;
  • Superflash loan, ie the loan that allows you to finance your expenses even if you do not have a fixed work contract;
  • Public Employment Loan.

WHAT ARE THE CHARACTERISTICS OF THE MAXI PIGNORATIZIO LOAN?

WHAT ARE THE CHARACTERISTICS OF THE MAXI PIGNORATIZIO LOAN?

Loans Maxi Pignoratizio is addressed to those employees, self-employed and retired, who are between eighteen and eighty years old at the end of the loan. The purposes of the loan in question can be traced back to investments, personal or family expenses, and must be unrelated to entrepreneurial activities.
The recipients of the loan must present the financial instruments, such as shares, bonds or units of mutual investment funds and certificates of deposit in order to support the assessment of the customer’s creditworthiness.

The Maxi Pignoratizio Loans envisages a duration of a minimum of two years and a maximum of ten years, a period to which it is necessary to add the pre-amortization.
The amount that can be financed with the Maxi Pignoratizio Loans may vary depending on the product selected; in fact, if you reach for the basic offer, you can take advantage of a liquidity that can range from $ 8,000 to $ 75,000; if the Maxi Pignoratizio Plus Loan were chosen, then the available amount would rise to include an amount ranging from $ 75,000 to $ 100,000. In both cases, the repayment is made monthly, by credit and then debited from the current account. It is possible to proceed with both total and partial early repayment and in the case of a fixed interest rate, a payment increased by 1% is calculated based on the amount repaid.

The interest rate applied is also variable, as it remains fixed for all those amounts recorded up to $ 50,000, while it can be fixed or variable for those amounts exceeding $ 50,000.
The documents necessary for the signing of the loan contract are almost identical to those required for all the others and are the following: last tax return or the last pay slips.

WHAT IS THE LOAN FOR PENSIONERS social security?

WHAT IS THE LOAN FOR PENSIONERS social security?

The Loan for social security pensioners is also dedicated to those who are not customers of Astro bank, however, it is necessary that they have a pension treatment already in progress; it is also important that their status is not aggravated by salary-backed loans.
The recipients of the Loan for social security Pensioners, at the time of requesting the loan, must have a maximum age of eighty-three, while at the time the loan contract expires they must not have exceeded eighty-five years of age.

The social security Pensioner Loan can be used to meet personal and family needs and can have a minimum duration of twenty-four months and a maximum of one hundred and twenty months. The amount payable ranges from $ 3,600 to $ 75,000 and these amounts include all interest and taxes associated with the transaction.
The loan is reimbursed monthly with a minimum of 80 $ to a maximum of 1/5 of the net pension: in any case, the reimbursement fee cannot exceed the amount indicated in the Transferable Share Notice issued by the site provincial authority of social security.

The interest rate applied is determined based on the age of the client and the duration of the loan, in any case it is fixed.
The loan is disbursed by crediting the current account, while the reimbursement is made through a deduction from the pension by the reference Social Security Office. Advance remorse is allowed, both total and partial, under a payment of the following amounts in percentages:

  • 1% of the capital if the residual duration of the loan exceeds one year;
  • 0.50% of the capital if the residual duration of the loan is equal to or less than one year;
  • while there is no compensation if the amount repaid in advance is $ 10,000 or less.

According to current legislation, the Loan agreement for social security Pensioners must be protected by an insurance cover that guarantees the repayment of the remaining credit in the event that the customer is unable to pay, due to death or injury.

For the subscription of the Loan for social security Pensioners it is necessary to present the following documentation: an identity document, the tax identification number and the Coupon Share Notice.

WHAT DO YOU MEAN BY LOAN PROTECT MUTUAL?

WHAT DO YOU MEAN BY LOAN PROTECT MUTUAL?

The Loan Protect Mortgage is dedicated to those holders of a loan taken out at a branch of the Bankate group; these must have also contracted a Proloan policy, that is the Multi-risk or Life policy; it is also essential that the applicant is between the ages of eighteen and seventy years old at the time the policy is signed and less than seventy-five years at the time the loan expires.

The purposes of the Loan Protect Mortgage are those that allow the customer to split the payment of the policy.
The Loan Protect Mortgage has a duration that goes from a minimum of two years to a maximum of thirty years, but at this time the pre-amortization must also be added; the amount that can be financed is a minimum of $ 1,000 to a maximum of $ 30,000 and provides for a monthly repayment with debit to the current account; the interest rate to choose can be fixed or variable. Early repayment is permitted but payment of 1% of the amount repaid is required.
Also in this case the documentation requested by the bank is as follows: the latest tax returns or the latest pay slips.

FLASH NEWS ON SUPERFLASH LOAN

FLASH NEWS ON SUPERFLASH LOAN

There is no need to dwell on the superflash loan, as it has already been discussed in another article in this guide; to get more information on this it is advisable to consult the article dedicated to Astro bank mortgages which is located between the links at the bottom of the page.

WHO IS THE LOAN FOR PUBLIC EMPLOYEES?

WHO IS THE LOAN FOR PUBLIC EMPLOYEES?

The Loan for Public Employees is aimed at all those who are bound by a contract with the Public Entities affiliated with the Bank, but also to those who, even though they are not clients of the bank, receive the salary from the Ministry of Economy and Finance: it is also necessary for the applicant to have Italian citizenship and a permanent contract for at least twelve months.
The Loan for Public Employees is aimed at satisfying personal or family needs, has a duration ranging from a minimum of two years to a maximum of ten years and guarantees the payment of a minimum of $ 4,800 and a maximum of $ 75,000. The repayment of the installments takes place monthly with a minimum of $ 100 to a maximum of 1/5 of the salary (also in this case, the amount reimbursed cannot be greater than the transferable quota indicated in the Certificate of Demonstration of Remuneration or in the Notice of Share Transferable), by deduction from the salary by the employer, who pays directly into the Bankate funds. In this case too, early repayment is permitted under the same conditions as the Loan for social security Pensioners.

As with other loans, the Loan for Public Employees must provide for special insurance coverage, capable of ensuring payment of the remaining credit.
For more information on this, we advise you to consult the following document: Information Sheet n. 2152Public Employee Loan MEF Convention.

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