Small 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

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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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 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 debt of the small loan in progress.

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?

Amounts equal to one, two, three or four net monthly payments of salary or pension may be claimed, repayable respectively in:

• 12 instalments(annual loans);
• 24 instalments(two-year loans);
• 36 instalments(three-year loans);
• 48 instalments(four-year loans).

Small annual, two-year, three-year and four-year loans can also be claimed, in double monthly instalments (two net monthly payments of salary or pension for each year of amortisation), up to eight monthly payments to be repaid over 48 months and only if the claimant does not have other ongoing deductions to his/her salary or pension, with it being understood that the deduction for small loans for the pensioner cannot exceed the fifth transferableportion amount.

The loan instalments, repayable in 12, 24, 36 or 48 instalments, consist of an interest portion and a principal portion.

The gross amount of the benefit is subject to:

• an annual nominal interest ratein relation to the Scheme to which the claimant belongs, which can be consulted in the table published in the annexes (TAN GDP; TAEG IPOST; TAEG GDP);
• a 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.

Among the annexes, it is possible to consult the summary tables of the TANs and the TAEGs separate for each scheme to which the claimant belongs.

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.

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 TERMINATION TERMS

The small loan can be renewed during repayment after paying at least 5 monthly instalments per year of repayment.

The renewal of a small loan in the course of amortisation with a claim for another small loan under the same scheme can, therefore, be claimed after having paid:

• 5 months of instalment payments for annual loans;
• 10 months of instalment payments for two-year loans;
• 15 months of instalment payments for three-year loans;
• 20 months of instalment payments for four-year loans.

In case of renewal, the INPS closes the loan in progress and recovers the residual debt on the amount of the granting of the new small loan.

In the case of voluntary early repayment, a new small loan can be claimed only after the expiry of the renewal times, calculated from the date of commencement of the loan repaid early.

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 claim early repayment of the loan being amortised, click on the "Use the service" button.

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For civil servants with a fixed-term contract of no less than three years, the small 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 claim, 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 Small loans for registered and retired users.

Those in service and enrolled in the Unified Scheme 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 upon receipt of a specific message that the document has been processed.

The salary certificate must therefore be attached during the online submission of the loan claim.

When submitting the claim, for all Schemes, through the dedicated service, it will be necessary to attach the following documentation:

• latest pay slipor 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;
• a declaration in lieu of a notarial deed 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.

The deadline to define the decision was set at 30 days by the Regulation for the definition of the terms to conclude the administrative proceedings adopted by INPS pursuant to Article 2 of Law no. 241/1990.

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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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