Loan amount
- From €1,500 to €40,000 depending on your needs.
Interest rate
For the entire loan term, you may opt for:
- Fixed – 14,50% or
- Variable – 12,55%
Interest rates are also subject to the Law 128/1975 levy. Today it stands at 0.60%
Loan term
The loan term depends on the loan amount:
- For €1,500 to €6,000 – from 6 to 60 months
- For €6,001 to €40,000 – from 6 to 96 months
In all cases, when you repay the last instalment, you (the borrower) must not be aged over 70.
Grace period
We can offer grace periods ranging from 1 to 12 months
.
Disbursement
Immediately, in one single instalment.
Repayment
In monthly instalments that repay:
- Interest and capital together
- Only interest, for the entire duration of the grace period
In all cases, repayments must be made in the form of standing orders from the deposit account where your receive your salary or pension.
Early repayment option
Full or in part:
- At no cost - for the variable-rate Payroll Personal Loan
- At an added cost - for the fixed-rate Payroll Personal Loan
Early repayment costs for the fixed-rate Payroll Personal Loan.
Insurance options
The Payment Protection Plan comes as an option. This form of insurance coverage provides compensation for:
- Dismissal or temporary disability due to accident or illness, for full-time, private sector employees with a contract
- Hospital treatment and temporary disability due to accident or illness for freelance professionals, civil servants and part-time private sector employees with a contract.
The compensation guarantees that:
- Your Payroll Personal Loan instalments will continue to be paid as normal for a set period.
- Your insurance coverage will apply for the remainder of the plan, if you opt to continue it, even though you have fully or partially repaid the loan.
