The municipal companies are generally private companies (but without an independent legal personality), which carry out their activities in a specific area on behalf of the municipality. In most cases there is talk of an economic body governed by public law which he hoped carries out an entrepreneurial activity.
This very particular condition often creates problems of interpretation on what the rights of employees of municipalized companies are and therefore also on the types of loans they can obtain.
Is the transfer of the fifth possible?
When dealing with employees, both in the private and public sector, the possibility of accessing the assignment of a fifth of the salary is associated almost immediately. From this point of view, the employees of the municipalized companies are equalized in the same way as state, para-state and public employees. So if the duration of the contract with the company has the minimum conditions necessary to obtain the transfer, at least in theory there should be no problems.
Unfortunately, the conditional is a must, given that on balance many banks and financial institutions establish in a very specific way those subjects that can be considered financeable, also by virtue of the companies for which they work. Rome unfortunately is a fairly explanatory example of the difficulties that can be encountered due to the poor solidity of the company itself for which we work.
If in fact when you are a public employee of a ministry (or in general of a public administration) the aspect of financeability does not come into play, since the aspect of the “solidity” of the employer is not questioned, in front of the municipalized companies the situation changes.
Therefore, by summarizing the employees of the municipal offices of a given municipality, they will be able to be refused their request for the transfer of a fifth of the salary, simply because the company for which they work shows evident signs, or even only hints, of a condition of suffering.
Despite the fact that municipal companies have a “only 40%” participation by the state, bodies, etc., the same conditions are also applied for the possession of the minimum requirements, mostly applied to public employees who work for the public administration. In particular, seniority must be at least 3 months from the date of hiring.
Characteristics and conditions of the contracts
The duration is imposed by law, therefore it ranges from a minimum of 24 to a maximum of 120 installments. For renewals, the limits imposed by law always apply, which also establishes those relating to the maximum age of the applicant. Whether for men or women, employees cannot exceed 70 years of age at the end of the contract. If you need more liquidity you can go up to 40% of the net salary (double fifth) by applying for a loan with a delegation of payment.
Personal loans: creditworthiness and model contract
If you want to apply for any personal loan that is not a transfer of the fifth, or even in the case of a request for a loan aimed at the purchase of a certain asset (see Purchase car at zero rate), if you are a good payer ( with positive creditworthiness) and there is a contract with a good salary and a sufficient duration (for fixed-term ones) there are no obstacles that can limit access to credit.
With regard to the subsidized rates, it will be necessary to search among the conventions that normally municipal companies directly, or by intervention of the municipalities, usually enter into. These are normally extended to all those who fall within the “relationship dependency” radius, albeit quite widely.
Subsidized loans: how to do it?
Civil servants have a long history of benefits linked to various types of services, and among these, funding has always enjoyed a prominent condition. It is no coincidence that the assignment of the fifth was born for civil servants and private employees had to wait until 2010 for it to be extended to them (see also Transfer of the fifth private employee).
Despite this extension, better conditions are still available to civil servants, with higher amounts that can be requested and lower rates. To this type of advantage is added that of the Social Institute ex Government Agency loans, which however remain accessible only for those civil servants who have matured the requirements of seniority and contribution to the fund for credit and social benefits.
On the other hand, however, excellent “local” conditions can be obtained if you are an employee of the municipalized companies, thanks to the agreements that the banks that work in the area tend to stipulate. Here the only problem could be represented by the non-renewal of an agreement, which constitutes a limit only for those who must start a financing practice but not for those who already have the contract in their pocket and the money in their current account.
So before you start looking around you should see what is expected, between agreements and conventions, for that municipality or municipalized company. Only in the second instance should we look at what is offered to “public” employees and to which credit institutions provide this type of service also at national level.
In order to know in more detail the advantages connected to the loans advertised as “subsidized”, the thing to always do is to request a quote, both as an employee of the municipalized company that takes advantage of a certain agreement that would seem advantageous, and as an employee. which does not benefit from any facilities like any other potential funded. From a simple comparison, numbers in hand, it will be extremely easy to be able to determine the type and concreteness of the advantages they would have.
However, it is also recommended to search among online loans, proceeding with simple and quick requests for quotes on the web, many of which are communicated with immediate results. This allows you to immediately have a complete overview and also a reserve plan in the event that the bank or financial company “affiliated” should refuse the transfer request, given that when the number of employees financed is very high, it will be difficult to accept other subjects from finance. The solution is so very simple: either you act promptly or you look elsewhere.