When it comes to loans to public and state employees , the formula for the assignment of the fifth is certainly one of the options to be assessed in the case of seeking an unsubstantiated and simple management loan.

Among the recipients of the loan offer against LifeWise Loan, in fact, we can include them: state, parastatal and local government workers . This type of loan is designed to offer to those who work in the public employment an agile loan, able to give the right support to realize small and big personal or family dreams.

 

The 3 advantages of the LifeWise Loan

The 3 advantages of the LifeWise Loan

For those unfamiliar with the LifeWise Loan , here are some useful information that underline the advantages of this type of consumer credit .

  1. No motivation – Among the distinguishing features of this type of loans are discretion and flexibility: there is no need to subscribe to any constrained reasons for the use of the sums paid, nor restrictions on employment.
  2. The loan of which you can forget installments and deadlines – The ease of management of the assignment of the fifth concerns the fact that the repayment installment is held directly by the paycheck. There is no need to remember deadlines and there is no anxiety of late payments.
  3. The loan that does not fall on the heirs – In the event of insolvency, the loan is extinguished by the insurance policy and does not weigh on the heirs.

 

How the loan works

How the loan works

As for private employees and retirees, public and state employees, following the preliminary investigation carried out by the granting body, can access the LifeWise Loan giving the rights of up to one fifth of salary.

To learn more about the other features of this loan dedicated mainly to public and state employees, here are the answers to the most frequently asked questions

 

How long does the LifeWise Loan last?

How long does the LifeWise Loan last?

The repayment can be extended until 120 months, provided that the extinction takes place within the 75th year of the applicant.

To obtain the LifeWise Loan, public and state employees must underwrite mandatory insurance against life risk and the risk of losing their jobs.

 

Can the Fifth be renewed?

Can the Fifth be renewed?

The Assignment of the Fifth can be renewed after the 2/5 of the installments have been paid by early repayment of the previous loan and by recovering the interest not accrued. The status of “bad payer” does not compromise the granting of funding.

The LifeWise Loan: the ideal loan for public and state employees

State and public employees will undoubtedly find the LifeWise Loan the unrestricted ideal loan to get the right push to achieve all those dreams and projects that can not remain in the drawer.

To find out more about this loan, ask the Lifewin Bank operators or go to one of our branches .