Let’s find out in this post what the Loan Delegation is, also known as the double assignment of the fifth, allows obtaining liquidity with installments up to 50% of the net salary.
The Delegation Loan is a form of financing reserved, exclusively, to public and private employees able to demonstrate their red-interest through pay slips. So if you are looking for a personal loan without a pay slip, this form of payment is not for you.
The Loan Delegation is an incredibly valid tool for all protesters, or in any case for those who have had problems with past loans or who have difficulty accessing credit.
We have said that the Delegation Loan can only be requested by public and private employees, however for the latter it is up to the employer to decide whether to act as an intermediary in the loan or not. But can retirees access the delegation loan? Unfortunately, pensioners can only access the fifth assignment.
Differences between the Delegation Loan and the Fifth Loan
We have said that the Delegation Loan is often referred to as a double assignment of the fifth. We then analyze the differences in the loan with delegation from the classic salary-backed loan. First of all, with the Delegation Loan it is possible to repay installments of an equal amount up to the net destination of your pay packet, unlike the classic fifth of the pay packet. Moreover, with the Delegation Loan it can be requested even if a salary is already present on the salary. In short, the real difference between the Loan with Delegation and the Assignment of the Fifth is the repayment.
How to apply for a delegation loan?
We have discovered what the Delegation Loan is and what the differences are with the classical Cession of the Fifth. Now let’s find out how the Loan with Delegation works, anticipating the operation and the methods of request are extremely similar to the sale of the fifth.
The employee must go to a financial institution that makes proxy loans with an identity document and the last pay slip. Once the amount to be financed and the amount of the installments have been decided, the contract must be presented to the administration of the employer who will decide by signing the Delegation Act whether or not to accept the loan.
It seems all too obvious that the guarantee of a delegated loan is given by the delegation of payment itself.