Small Loans For Permanent Teachers

Government Agency loans for tenured teachers

Government Agency loans for tenured teachers

Government Agency loans are usually referred to as loans accessible to former Government Agency employees and retirees. This category also includes subsidized loans dedicated to teachers, Government Agency teacher loans.

What is it about? Of the small loans Management Magisterial Assistance, better known as Government Agency teacher loans or ex small loans. Loans that are granted directly by social security to meet specific needs.

Facilitated funding is available to both teachers and school principals from state and primary schools. The maximum amount that can be financed is defined on the basis of the applicant’s monthly income.

Government Agency loan requirements for teachers

Government Agency loan requirements for teachers

But let’s move on to the question of requirements. For access, credit must first of all be taken on by the teacher or director who submits the request with a permanent contract.

The applicant must also be in service activities. In order for social security to grant the financing, it is also necessary that the person submitting the application has at least two years to retire. Not only. Whoever submits the loan application must also be registered with the social security ex small Management.

Unlike what happens with small ex Government Agency loans, Government Agency teacher loans are granted exclusively to meet specific expenses. Below are all the reasons why it is possible to apply for ex Government Agency loans for teachers.

  • marriage of the applicant or a child;
  • birth or adoption of a child;
  • purchase of the first house;
  • extraordinary maintenance of the dwelling house;
  • serious illness of the applicant or a family member;
  • Change of residence;
  • purchase of a car;
  • mortgage in progress for the purchase of the first house;
  • dental care of the applicant or a dependent family member;
  • death of a family member ;
  • attendance of university courses by the applicant or a child.

Government Agency loans for teachers can also be obtained to cover the expenses deriving from extraordinary events.

Conditions of small social security online financing

Conditions of small social security online financing

After defining the terms of the Government Agency teacher loans, let’s move on to the repayment terms. The maximum amount that can be financed is defined on the basis of the amount of monthly income received by the applicant. It is not possible to obtain more than two months of salary in use, including fixed and continuous allowances.

Loans are repaid with an amortization plan that extends over 2 years. The amortization installments are monthly, the beneficiary must therefore face 24 payments of a constant amount.

As regards the interest rate, a Tan equal to 1.50% of the gross amount of the loan is envisaged. In addition to the rate, the beneficiary of the financing must also face other items of expenditure. In fact, a 1% sum is deducted from the gross amount of the loan for the payment of administration costs and the guarantee fund.

Finally, we remind you that teachers who have chosen to join the social security credit fund ex Government Agency (Unitary management of credit and social benefits) can also apply for loans ex Government Agency.

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