Who has never needed a loan to buy a car, to pay for a holiday or to pay for the dentist? Furthermore, we all know how much a transfer of the fifth can be of help to all employees (public or private) who need a loan but because of particular economic misadventures they are reported as protested or bad payers.
Today more and more banks and financial institutions (as well as Social Institute, the former Government Agency) are making available transfers of the fifth of both salary and pension; however, it is always advisable to carry out the “compare loans” operation, perhaps after requesting various estimates. Below we show the characteristics of three disposals of the fifth put in place by two banks and one financial.
Cream Bank Salary Power: fixed rates and constant installments
The first loan taken into consideration is the one proposed by Cream Bank under the name of Salary Power. This is a transfer of the fifth to public employees which can finance up to about 100 thousand USD even if another loan is in progress. The maximum installment, obviously, is equal to one fifth of the maximum salary received and the peculiarity is that the applicant may not even have a Cream Bank current account.
Sale of the fifth Compass
Another interesting loan for employees is the one granted online by Compass. The allowable amount reaches up to 75,000 USD for private or public employees.
Spin Lender Employee Workers
For years, Spin Lender of the Lite Lender Company has also been involved in granting salary-backed loans to all employees and retirees. Just present your contract indefinitely and you will receive the financing even if you still have financing in your assets or financial problems. Amount disbursed is proportional to the salary of the applicant worker and the installments can reach up to a number of 120 (see also Opinions on the sale of the fifth Spin Lender ). For other details see attached table.
|Cream Bank Salary Power||Sale of the Fifth Compass||Spin Lender Employee Workers|
|How much it finances||Up to 100,000 USD||Up to 75,000 USD||Amount linked to the employee’s salary|
|Duration of funding||Up to 120 monthly installments||Up to 120 monthly installments||Up to 120 monthly installments|
|Interest rates||– Tan fixed 7.68%;
– Fixed Taeg 9.82%
|personalized||– Tan fixed 5.93%;
– Fixed Taeg 6.11%