The personal loan for cars with salary-backed loans is an advantageous solution for all those who have permanent employment but are also determined, as long as the contract lasts, or a pension as former public or private employees; it consists of the loan request not directly at the dealership, which would make the loan a purposeful loan, but at a finance company, for which it is an unfinished or personal loan. In the first case, in fact, it is the car salesman who deals with the financing procedures, awaiting a feasibility response and paying the amount of the sale itself while awaiting the loan, which is certainly paid at a favorable rate.
The second case, on the other hand, consists of a personal loan for cars with a salary assignment, in which you can choose the bank or finance company to turn to, which is ideal if you have a positive credit history with that financing institution, but if you have never applied for a personal loan, it is preferable to make all the necessary comparisons with a finalized loan. The loan for cars with salary-backed loans has very convenient interest rates and a periodic repayment made with the payment of a monthly installment withheld from the net salary or net pension of a maximum of one-fifth of the salary. If you have a fixed-term contract, the loan can be granted for the maximum duration of the working activity, for example for a fixed-term employee with a 24-month contract, the loan must be concluded within that period.
The loan for pensioners
The main advantage of the personal loan for cars with salary assignment is the purchase of a new or used car in installments, not with the total payment of the amount. Even bad payers and protesters can take advantage of this type of financing, not risking being excluded from the loan. As far as pensioners are concerned , the age of the applicant cannot exceed 75 years at the end of the payment of the last periodic installment, even if some credit institutions grant up to 80 years but with a higher interest rate. With a retirement pension you can get a loan even for your grandchildren, however it is worth remembering that the difference between net pension and monthly payment cannot be less than the minimum pension.
Calculation of the financial availability for the loan
It is possible to early redeem the personal loan for cars with salary assignment with a maximum penalty equal to 1% of the total loan. To assess the convenience of the financing solution, it is necessary to understand if the payment of the installments can be supported for the entire duration of the loan knowing the amount of the monthly installment and carrying out a simulation with the deduction from the salary or pension directly and adding insurance coverage compulsory. To do this, you must know your hourly pay and the exact number of hours worked, which allow you to calculate your monthly net salary. As far as public and state employees are concerned, it is sufficient to know the gross salary and deduct all withholding taxes, then dividing the result by five.
Salary, balance of the loan and insurance
The salary is composed of the basic amount plus the functional pensionable allowance, the pensionable allowance or other types of indemnity, the individual seniority remuneration, the special supplementary indemnity, the hierarchical steps; withholding taxes instead consist of welfare and social security, tax and additional regional and municipal taxes. Returning to the characteristics of the personal car loan, the balance of the car with the liquidity disbursed by the sale of the fifth provides for repayment plans with a duration of up to ten years. The insurance in support of the loan guarantees against the loss of the applicant’s job and against the premature death in defense of the surviving heirs of the inheritance.