Comparisons between the solutions proposed by the various credit institutions
When you need to apply for a loan, it is very important to be well informed and make comparisons between the solutions proposed by the various credit institutions: one of the alternatives to consider is Para Bank loans; Para bank offers a wide range of loans made up of products designed for the various needs of possible customers.
The characteristics of Para bank loans
Para Bank loans can be requested at post offices (there is also a loan that can be managed completely online), they allow you to obtain amounts between 1,000 and 60,000 USD, with repayment plans that range from 22 to 120 months and are characterized by constant installments and fixed rates for the entire duration of the loan. Let’s do a quick summary of the main features of each proposed formula.
Loans for pensioners of Para bank
Loans for retirees are particular forms of credit that are opened in favor of those who have already left the job market and need sums to satisfy their needs. Among the various possibilities, particularly advantageous are the offers of loans for pensioners from Para bank who have created specific products for the elderly, characterized by convenience and simplicity.
Social Institute retired loans are born with the aim of helping those who are already retired to realize their projects and dreams without having to change their lifestyle by paying high value installments. They can be requested without indicating what the money is for and can be returned in small installments of up to 120 months. The concrete proposal made to the individual applicant depends on the sums necessary, the age and the amount of the pension. Para bank provides loans for pensioners in the form of the assignment of the fifth installment which has a maximum amount equal to one fifth of the pension, therefore the amount of the monthly installment may also be of a lesser amount. The loan appears particularly advantageous because it can be requested even if you have other loans in progress.
The proposal provides that the amortization plan must have a duration of between 36 and 120 installments, or a maximum duration of 10 years. However, the credit must be paid off before 84 years have passed, for example a 75-year-old person will be able to apply for funding, but not for the maximum duration of the amortization plan. Furthermore, up to the age of 81, funding may be requested: this is a much higher limit than that normally granted. As required by law, in order to stipulate the transfer of the fifth with the Social Institute, it is necessary to take out a policy covering life risk. To obtain the loan it is necessary to go to one of the many post offices in the area, an appointment with a consultant will be set here, if it is not already present in the office, and it will be possible to have all the necessary explanations. In order to be able to contract it will be necessary to present the pension slip and the certificate of the transferable quota. On the basis of these documents and the amount of money requested, an amortization plan will be developed.
The amount of the pension must be higher than the minimum allowance
The law provides that in order to obtain the assignment of the fifth, the amount of the pension must be higher than the minimum allowance set for the social pension, it is believed that this amount is essential to be able to live. The Social Institute retired loans with assignment of the fifth are particularly convenient because they do not involve the cost of opening the file, of collecting the installment, or for periodic communications. It is possible to pay them off in advance, by paying the remaining sums, without being subject to a penalty. In order to obtain Para bank loans it is not necessary to have a current account: the sums can also be disbursed on a savings account, on a postepay card, or they can be turned over to the pensioner through a non-transferable stamped check.
Para Bank Auto loan
It is the solution designed for those who intend to buy a new or used car; it can be requested by holders of Para Bank account or ordinary name booklet; figures between 10,000 and 30,000 USD can be requested. Thanks to the ongoing promotion, holders of a Para Bank current account with a salary or pension credit can receive 15,000 USD to be repaid in 72 months in installments of 255.66 USD (TAN 6.99% and APR 7.35%).
Para Bank Home Renovation Loan
The ideal product for those who need to renovate or renovate their home; Para Bank account holders can request amounts from 10,000 to 600.00 USD, while holders of Libretto Postale can obtain amounts from 10,000 to 30,000 USD. The repayment plan can range from a minimum of 36 to a maximum of 120 months. Also in this case there is an ongoing promotion that allows Para Bank account holders to receive $ 25,000 to be returned in 102 months in installments of $ 398.64 (TAN 7.50%, APR 7.79%).
Para Bank Consolidation Loan
Those who have more financing in progress, and perhaps need additional liquidity, can collect all the deadlines in a single monthly commitment. Para Bank account holders can request amounts from $ 3,000 to $ 50,000, while holders of the Passbook can obtain figures between $ 3,000 and $ 30,000. The duration of the loan can range from 24 to 96 months. The current promotion allows you to receive $ 15,000 to be repaid in 90 months in installments of $ 270.24 (TAN 8.40, APR 8.77%).
Para Bank loan
We can define this loan as the basic product: it is a personal loan that can also be requested by those who do not have an account at the institution, which allows you to obtain amounts between 3,000 and 30,000 USD, to be repaid in minimum 24 and maximum 84 months.
Flexible Para Bank loan
It is a product reserved for Para Bank account holders: it has similar characteristics compared to the base product just seen (with amounts ranging from 3,000 to 30,000 USD ), but it is characterized by the possibility of changing the installment amount or skipping the payment, postponing it to the end of the financing (the duration in this way can be up to 108 months). The current promotion allows you to get 15,000 USD to be repaid in 84 months in installments of 233.04 USD (TAN 7.90%, APR 8.25%).
Para Bank House Purchase Loan
Holders of a Para Bank account who intend to buy a new home (or new appliances for the existing home) can request amounts between 10,000 and 60,000 USD (30,000 is the maximum for passbook holders) to be returned with plans of repayment lasting between 36 and 120 months.
Mini Para Bank Loan
In this case we are talking about a small loan reserved for Para pay evolution card holders: you can get 1,000, 2,000 or 3,000 USD to be returned in 22 months. The sums granted are credited to the Para pay evolution, on which the repayment installments will subsequently be charged.
Para Bank Online Loan
All the Para Bank loans we have seen so far can only be requested at post offices: this loan, reserved only for Para Bank account holders who have activated the Internet Banking service, can be managed entirely online. Amounts between 3,000 and 30,000 USD can be requested, with repayment plans ranging from 24 to 84 months.