Salary-backed Loan and Debit Payment Authorisation

Thanks to a salary or pension-backed loan, you can take advantage of a fixed-rate loan to meet your requirements, against simple and constant monthly repayments and with no need to specify how you intend to use the loan. The salary or pension-backed loan option in Italy means that repayments are never higher than one fifth (20%) of salary or pension. It provides for repayment of the simple loan, without the need to remember repayment due dates. In fact, the employer or the Pension Institute is responsible for repayment, with a monthly deduction docked directly from your pay cheque or pension. Who can apply for a salary or pension-backed loan?
  • State and private company employees, working under a permanent employment contract;
  • Retirees receiving a pension up to 85 years of age.

The advantages

The advantages of a salary or pension-backed loan:
  • Fixed interest rate for the entire duration of the loan;
  • Constant repayment amount over time;
  • Guarantor not required;
  • Loan repayment instalments up to 120 months;
  • Sustainable repayment instalments that are proportionally fixed in relation to monthly salary or pension income (maximum 20%);
  • Option of renewing the loan early.

Salary-backed loan debit authorisation

Are you an employee and do you need an extra loan in addition to the one that you are already repaying as a salary-backed loan? Then a salary-backed loan debit authorisation is the loan option perfect for you. You can also get a salary-backed debit authorisation loan in addition to a salary-backed loan already in progress. In this way, you will have additional cash available and will have repayments that may total 40% of your monthly net salary. Like a salary-backed loan, the debit authorisation provides for a fixed rate, constant repayment instalments and a financial loan length between 24 and 120 months. Employees of state and public administrations, who have NoiPA system access or who have entered into specific agreements with Capitalfin, may take advantage of special concessions facilitating the loan application procedure.

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