Loans: Let’s see in detail

More and more often, and especially in recent days, the various media and public opinion is talking a lot about the possibility of obtaining a pension advance, thus opening a tight debate on this delicate issue between those who believe that it is a matter of a good possibility, much than the more traditional loans or the fifth sale, and those who still claim to be skeptical.

Loans or the fifth sale: Let’s see in detail what it is

Payday loans or the fifth sale: Let

It is an experimental project promoted by the government that allows early retirement to all those who have reached the age of 63 and who are missing no more than 3 years and 7 months to reach retirement age.

All public and private employees, as well as the self-employed insured

All public and private employees, as well as the self-employed insured

In the case in which for the worker a particular state protection is necessary, or voluntary when the worker himself to request the advance of the retirement.

It is therefore a full-blown loan but it seems to be quite advantageous as a fixed Taeg of 3.2% will be applied by all the banks and insurance companies involved, but it will be updated every two months, and this loan does not leave to the heirs no charge in case of premature death of the applicant.

If we compare the rate implemented in the voluntary Uni with the Taeg of the other types of loans we immediately notice how this particular project could be convenient for those who will use it, in fact for the transfer of the fifth of the pension or of the salary a rate is required that can ranging from 5.6% to 7%, while the Taeg for consumer loans fluctuates between 6.20% and 8.9%.

Loan estimate of 10000 euros

Loan

Financial: Simple Loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.33%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185 

Financial: Personal 
Product: Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602

Monthly installment € 193 

Financial: Personal 
Product: Personal Loan
TAN Fixed: 6.50%
APR: 6.80%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.764

 

Feasibility check 

The tables give an example of the structure of the loans. For all the comparative offers and get all the information you need to evaluate the proposal that suits your needs.

 

About the Author