Dedicated to all social security pensioners, the personal loan solution with transfer of the fifth social security is to be inserted in the non-finalized financing category for which the applicant does not need to justify the destination of the requested capital. The amount disbursed makes use of a proportion equivalent to the sustainable installments in the monthly remuneration that can never exceed 20% of the net pension: each monthly installment is automatically deducted from the pension that is delivered to the requesting party, net of the withholding of the amount due.
The advantage of the sale of the fifth social security is a valid personal loan solution for pensioners who wish to have the comfort of a loan without too many claims and of which they do not have to worry about the repayment of installments or the payment of postal bills. Furthermore, this financing solution allows the bank to reduce the loan acceptance time as the guarantee of repayment of the disbursed capital is due to the mandatory withholding by the employer.
The sale of the fifth social security: REQUIREMENTS and GUARANTEES
The transfer of the fifth social security can be requested by all social security retirees who wish to request a loan, also allowing those who, due to reporting to the bank CRIF (protested), bad payers or subjects with other loans in progress to access consumption credit.
The social security pensioner who wishes to obtain this type of non-finalized personalized loan must have on the date of the forwarding of the request for the transfer of the fifth social security:
- a monthly pension of not less than $ 443.12 net;
- age not exceeding 90 years .
To better understand and recapitulate the two fundamental requirements, also observe the following table:
|ASSIGNMENT OF THE FIFTH social security||RETIREMENT FEE||CHRONOLOGICAL AGE|
|ALL PENSIONS HELD FROM 6 YEARS UP||GREATER THAN 443.12 USD||UP TO 90 YEARS|
PENSIONS ACCEPTED in the sale of the fifth social security: categories
To request and obtain the transfer of the fifth social security, the pensioner can use different types of pension that must be held for at least 6 years:
- retirement pension;
- old-age pension;
- survivor’s pension;
- disability pension;
- disability pension (held for a period of more than 6 years).
To summarize: the sale of the fifth social security
Below is a table summarizing the fundamental characteristics of the sale of the fifth social security as a personal loan, the requisites and guarantees required, the minimum pension with which it is possible to access the loan, the loan access categories and eligible pensions:
|PENSIONERS social security||REQUIREMENTS||FEATURES ASSIGNMENT OF THE FIFTH social security|
|SENIORITY PENSION||PENSION NOT LESS THAN 443.12 USD NET||MAXIMUM AMOUNT PAYABLE IN PROPORTION OF THE PENSION|
|PENSION OF OLD AGE||AGE NOT MORE THAN 90 YEARS||MONTHLY RATE NOT MORE THAN 1/5 OF THE NET SALARY|
|REVERSIBILITY PENSION||PENSION OWNED FOR 6 YEARS||ACCESS TO:
|INVALIDITY PENSION||PENSION ASSIGNED FOR MORE THAN 6 YEARS:
|INABILITY PENSION||MONTHLY RATE DETECTED AUTOMATICALLY FROM THE PENSION||POSSIBILITY OF ON-LINE MONITORING OF THE MONTHLY INSTALLMENT|
Sale of the fifth social security: DOCUMENTATION
To request and obtain the transfer of the fifth social security, there is no need for long documentation but only the certifications that attest to the employment status of the person requesting the personal loan, or the payment of the monthly pension by the social security:
- pension slip;
- Identity document valid.
Supercredit social security
The OneCashe credit agency offers the Super Quinto social security which, through the sale of the pension, can issue a loan of up to $ 52,000 repayable up to 120 months (10 years).
Sale of the fifth social security: LIFE INSURANCE
At the time of signing the contract for the transfer of the fifth social security there is an obligation to sign a life insurance that protects family members and heirs of the borrower in the event of premature death at the natural end of the termination of the contract. This type of insurance policy allows the Provider to rely on the premium paid to the insurance agency.
This is also the reason why the transfer of the fifth social security is also granted to pensioners up to the age of 90 , without making financial guarantees, to be holders of a movable or immovable property of a value equal to or greater than the amount of the disbursed capital: with the stipulation of the life insurance, the agency becomes fully responsible for the compensation of the residual capital due. The OneCashe agency, for example, offers the Super Quinto social security by granting a loan up to 52,000 USD repayable up to 120 months.
How to request the transfer of the fifth social security: procedure
Requesting the transfer of the fifth social security is very simple. It is necessary to connect to the social security portal for the assignment of the fifth and follow the instructions for the subsequent application and forwarding of the documentation. For access to social security services for the request of the fifth sale it is necessary to possess the credentials for authentication: the PIN code can be requested at any social security counter.
In the dedicated section, the social security pensioner can verify the feasibility of the transferable portion which constitutes the monthly installment of the pension which will be deducted automatically. On the basis of this value the borrower can assess in advance if his pension net of the installment deducted for the personal loan is sufficient to sustain himself economically, without falling into financial difficulties.
FOR SUMMARY: the informative video on the sale of the fifth social security
We recommend a video, edited by the social security body, useful to summarize the fundamental characteristics of the sale of the fifth social security highlighting the convenience and advantages of the request of this particular type of personal loan.