If you are a Mef employee, or an employee of the Ministry of Finance, on the financial market there are numerous personal loan solutions that adapt to every expense and purchase requirement. Belonging to a category of workers with a permanent contract and usually with a high sum, it is possible to take advantage of every type of personal loan, loan and loan, with variable amounts of capital based on the expenses to be made and the destination of the money.
Among the most requested formulas for this type of worker, we find the fifth and delegation loans, but on the financial market there are also different forms of mortgage that allow you to get the sum necessary to buy the first or second home or even make the renovation or energy renovation interventions on a building. Let’s see together the characteristics of the loans available for the employees of the Ministry of Finance, the loan disbursement methods, the reimbursement and the banking institutes to which to turn.
Loans for MEF employees: WHAT ARE THEY?
The first form of personal loan advantageous for the employees of the Ministry of Finance is the assignment of one fifth of the salary, which allows variable capital to be obtained, yielding up to 1/5 of one’s net salary, with a monthly payment deducted directly from the salary from the employer. With the same method of disbursement and reimbursement of the granted capital, it is also possible to obtain the loan with payment authorization that allows you to have a larger capital and to sell up to 2/5 of the salary.
In the case of other loans in progress, the loan delegation allows you to sell up to 50% of your net salary and is the only type of personal loan that can also be requested with other installments in progress, as it provides a capital that can be paid more high compared to other forms of loan granted. Among other forms of loan granted to Mef employees, the small loan solution is particularly advantageous, which provides for the payment of a reduced sum to be repaid with a short repayment plan. To better understand and recapitulate, also observe the table below:
|LOANS FOR EMPLOYEE EMPLOYEES||MONTHLY INSTALLMENT||AMORTIZATION SCHEDULE|
|EMPLOYEE LOANS||1/5 OF THE SALARY||10 YEARS|
|LOAN DELEGATION||2/5 OF THE SALARY||10 YEARS WITH RENEWAL|
|SMALL LOAN||VARIABLE||UP TO 5 YEARS|
|LOAN DELEGATION + OTHER FINANCING IN PROGRESS||UP TO 50% OF SALARY||10 YEARS|
Loans for MEF employees: REQUIREMENTS
All Mef employees in service with the Ministries can request all types of loans present on the financial market with the sole requirement of being hired on a permanent contract. To access the type of personal loans reserved for Mef employees, the employees of the Ministry of Finance must pay the payments to the territorial State Accounting Office.
The Mef employees belong to the government agency contribution workers category and can access the credit through the provision of loans with salary-backed loans and a loan for payment, as also expressed in the previous paragraph. This category of workers, in order to request one of the types of personal loans must, at the date of submission of the application, have the following personal and economic requirements :
- permanent contract;
- to be on duty;
- maximum age 66;
- Italian citizenship;
- payment of salaries to the territorial State Accounting Office.
PLEASE NOTE : when applying for a personal loan, the Mef employee must not be absent from the service due to illness, pregnancy or other factors, this is the fundamental requirement in the acceptance of credit.
Loans for MEF employees: CAPITAL and REFUND
The maximum capital that can be disbursed with a loan for Mef employees and the maximum duration of the repayment schedule can be calculated based on age and length of service. The type of loan with salary-backed loan is not considered and with the proxy loan which by law provide for an amortization plan with a maximum duration of 10 years, or 120 installments, with the possibility of renewal, but only following the payment of a certain number of installments.
The repayment of the capital in the assignment of the fifth and the loan delegation of payment is carried out directly by the employer who automatically deduct the installment from the monthly remuneration. The maximum transferable amount is 1/5 for the assignment of the fifth and 2/5 for the delegated loan (up to 50% with other loans in progress) but always in compliance with the maximum quota established by the MEF in the Release Quota Communication. To better understand and recapitulate, also observe the following table:
|LOANS FOR EMPLOYEE EMPLOYEES||MAXIMUM CEDIBLE MEF CAPITAL||REFUND PLAN|
|EMPLOYEE LOANS||1/5 OF SALARY ON THE BASIS OF THE CUSTOMER FEE MEF||10 YEARS|
|LOAN DELEGATION||IN PROPORTION TO 2/5 OF THE SALARY||10 YEARS WITH RENEWAL|
|SMALL LOAN||SUMA REDUCED AND SHORT REFUND PLAN||UP TO 5 YEARS|
|LOAN DELEGATION + OTHER FINANCING IN PROGRESS||UP TO 50% OF SALARY ON THE BASIS OF THE CUSTOMER FEE MEF||10 YEARS|
Loans for MEF employees: the INTEREST RATE
The personal loans dedicated to employees of the Ministry of Finance have a fixed interest rate, with a constant installment amount, although some credit institutions offer variable rates based on the number of installments (amortization schedule) and the capital required. For example, with the subscription of a first or second home loan, the interest rate subsidies are not so different from those offered by other credit institutions to workers of different categories or with an atypical contract.
Loans for MEF employees: the INFORMATION VIDEO
To better understand and summarize, the following is an informative video that in a few months explains the main characteristics of the different types of personal loans for employees of the Ministry of Finance, highlighting the conditions of the interest rate, the repayment and the share transferable of the monthly installment established on the basis of the fees communicated by the same Mef: in the video it explains in a particular way what is advantageous and what is not good.
Loans for MEF employees: DOCUMENTATION
To request a personal loan for Mef employees, contact the bank institute that has an agreement with the Ministry of Finance and submit the following documentation :
- valid identity document;
- fiscal Code;
- last paycheck;
- communication of the maximum transferable quota issued by the MEF.
Loans for MEF employees: REQUIREMENTS and DOCUMENTATION TABLE
To summarize, below is a table that summarizes the main requirements for access to credit for Mef employees and the documentation that each category that requires a loan must present to the bank that has an agreement to grant loans for employees mEF:
|LOANS FOR EMPLOYEE EMPLOYEES||REQUIREMENTS||DOCUMENTATION|
||IDENTITY DOCUMENT AND TAX CODE|
||LAST PACKAGE PAY|
|SMALL LOAN||PAYMENT OF EMOLUMENTS AT THE TERRITORY REASONING OF THE STATE||COMMUNICATION OF THE MAXIMUM CEDIBLE ALTITUDE ISSUED BY THE MEF|