Multi-annual direct loan for members of the Unified Scheme of Credit and Social Benefits and the staff of Poste Italiane SpA registered in the ex IPOST Credit Fund Scheme

The benefit is granted within the limits of the financial resources provided for annually in the Institute’s budget.
For loans granted to pensioners by banking institutions or financial companies under an agreement, against a backed loan of one-fifth, the INPS is not party to the contract stipulated between the claimant and the banking/financial institution. In this case, INPS will only apply the deduction to the pension; the competent party for pension deductions is the Central Pensions Department – Deductions Area, of this Institute.

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The refund is made in constant monthly instalments deducted in the pay slip.
The employee, when repaying a five-year or ten-year loan in progress, is also entitled to request the granting of a small loan to a reduced extent in the following ways:

• small loan equal to one month's payment to be repaid over 12 months;
• small loan equal to two months to be repaid over 24 months;
• small loan equal to three months to be repaid over 36 months;
• small loan equal to four months to be repaid over 48 months.
  

Those enrolled in the Unified Scheme of Credit and Social Benefits and in the ex IPOST Credit Fund Scheme, within the limits of the transferable portion, may claim for a new multi-annual loan even in the event of deductions on a pay slip or pension slip against a backed loan of one-fifth.

In the case of those in service enrolled in the Unified Scheme of Credit and Social Benefits, if the debtor is employed by another public administration, for the continuation of the monthly deduction, the office that carries out the deductions will inform the new administration of the loan details, the account of the deductions made and the payments made to INPS.
For members of all schemes, in the event of termination of the service with the right to a pension, before the loan is repaid, it will remain effective on the pension treatment with a deduction not exceeding one fifth, valued net of withholding taxes. If the monthly deduction is greater than one fifth of the pension, the Institute recalculates the repayment plan by recovering the excess portion from the TFR/TFS severance indemnity, applying simple interest at the interest rate applied to the loan until the right to payment of the said TFR/TFS accrues.
In the event of termination of the service without the right to a pension or with a deferred pension, before the loan is repaid, the residual debt of the loan being amortised will be recovered from INPS from the TFR/TFS severance indemnity.
Where, instead of a pension or other equivalent continuous allowance, termination of service entitles the employees to payment of a lump sum, by way of indemnity or insured capital paid by the administration or a social security or insurance institution, this sum is withheld up to the full amount of the residual loan debt.
In the event of insufficiency of the aforementioned indemnities, the residual debt must be paid directly by the debtor.
The death of the beneficiary of the loan extinguishes any obligation. INPS does not take action against the heirs for the remaining debt.

WHAT AM I ENTITLED TO?

The monthly instalment may not exceed one fifth of the salary or pension.
The gross amount of the loan is subject to:

• an annual nominal interest rate in relation to the scheme to which the claimant belongs, which can be consulted in the annexed table on the right of the page (TAN GDP; TAEG IPOST; TAEG GDP);
• a 0.5% rate for administrative expenses;
• a Risk Fund premium, applied by age groups at the maturity and duration of the loan, according to the table attached to the last page of the loan regulations.

The amount of the administrative expenses and the amount relating to the rate provided for the Risk Fund are deducted at the time of disbursement of the loan.
The summary tables of the TANs and the TAEGs separate for each scheme to which the claimant belongs can be viewed among the annexes.
With regard to the application of the TAEG, it should be noted that the relative rates are purely indicative and may vary in relation to the specific conditions of the claimant at the time of granting.
The benefit is paid by crediting the postal or bank current account indicated by the claimant, which for a pensioner enrolled in the Unified Scheme of Credit and Social Benefits shall be the IBAN already provided for the crediting of the pension.

RENEWAL AND EARLY REPAYMENT TERMS

In the event of a claim for renewal of the loan with INPS, the new loan extinguishes the previous loan and the amortisation of the portion of the compensatory risk premium is made by offsetting the premium due on the new transaction.

An ongoing loan cannot be renewed before the expiration of two years from the beginning of a five-year loan or four years from the beginning of a ten-year loan. It is possible to claim for a ten-year loan before two years have elapsed since the start of a five-year loan only if the interested party has never used other ten-year loans.

In the event of voluntary early repayment of the loan before the two years stipulated for the renewal of five-year loans and the four years for ten-year loans, the interested party may claim a new loan after one year from the date of early repayment of the loan.

Early repayment of the loan can occur at any time with payment of the residual debt, by filling in and submitting the appropriate form electronically by accessing the reserved area. The portion of the Risk Fund will be reimbursed to the claimant in the calculation of the residual, equal to the period of abbreviation of the guarantee. To request early repayment of the loan being amortised, click on the "Use the service" button.

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Members with a fixed-term contract of at least three years may benefit from loans that can be settled within the period of the contract and with the obligation to transfer the severance indemnity to guarantee repayment of the loan.
For civil servants with a fixed-term contract of no less than three years, the multi-year loan is granted only for the duration of the years remaining to the expiration of the employment contract.
For those enrolled in the ex IPOST Credit Fund Scheme, no loans can be contracted whose maturity exceeds the retirement date.
A pensioner who is a former employee of a public body will be registered only if, upon the retirement request, s/he also submitted the claim for membership of the Credit Fund, according to the terms and in the manner provided for by Ministerial Decree no. 45 of 7 March 2007, as amended. Pensioners who have joined the Credit Fund must pay the contribution with deduction from the pension at the rate of 0.15%.

HOW CAN I CLAIM?

The claim must be submitted online according to the indications in the User Manual for multi-year loans for registered and retired users (pdf 6.08MB).
Those in service and enrolled in the Unified Scheme of Credit and Social Benefits must first access the INPS Portal and generate a security code to be communicated to their administration to proceed with the claim activation request. You must communicate your security code to your administration according to the methods stipulated by your administration and not through the INPS Portal. After the claim has been activated by the relevant administration, the member may complete and send the claim.
Pensioners registered in the Credit Fund and those registered in the ex IPOST Credit Fund Scheme can submit the claim:

• online to the INPS, through the dedicated service;
• by telephoning the Contact Centre on 803 164 (free from Italian landlines) or on 06 164 164 from mobile phones;
• the on-line services offered by patronage institutes and intermediaries of the Institute.

Those enrolled in the ex IPOST Credit Fund Scheme, prior to submitting the claim online, by accessing their reserved area using the credentials and channels mentioned above, must request the salary certificate from the competent services of Poste Italiane S.p.A.

The salary certificate can be downloaded from the claimant's Reserved Area within a few hours of the request, after receiving a specific message that the document has been processed.
The salary certificate must therefore be attached during the online loan claim submission procedure.
The claim must be submitted within one year of the event and/or the related expense documentation.
The following must be attached to the claim:

• for all schemes, the latest pay slip or pension slip in the case of a retired claimant and, only in the case of members of the ex IPOST Credit Fund, also the salary certificate issued by Poste Italiane S.p.A. or associated companies;
• medical certificate drawn up on the appropriate AC070 form for the backed loan of one-fifth that certifies the healthy physical condition of the loan claimant, or that certifies that the claimant is suffering from a stable pathology, subject to medical and/or surgical treatment and is not in the terminal phase. The medical certificate must be issued by: general practitioners, doctors in charge of Local Health Authorities, military doctors on duty, doctors appointed by the member’s administration or doctors of the Italian Railway Network (RFI) for the area of competence;
• documentation proving the loan claim on the basis of the terms and conditions indicated for each reason. To view the description, conditions and documentation to be attached for each reason, please refer to the annex to the Regulations in the PDF downloadable on the page ‘Official online documents’ page;
• a substitute declaration of sworn affidavit from the claimant, certifying the conformity and originality of the documents attached to the claim (this declaration can be made directly through the claim procedure without having to attach further documentation);
• a copy of a valid identity document;
• self-certification of family status.
  

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The table attached to the Regulation shows both the deadlines for defining the decisions established by the Institute that are longer than the normal 30-day period, and the indication of the relative manager.

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