Fernando de Querol Cumbrera
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Get in touch with us nowValue of employees loans financed in Italy 2020, by provider
In 2020, UniCredit was the leading provider of employees loans in Italy, in terms of value. According to the ranking presented in the graph, UniCredit financed over one billion euros worth of employees loans. IBL Banca and BNL Finance followed with approximately 756 and 753 million euros respectively.
Employees' loans refer to a specific type of personal loan called "cessione del quinto dello stipendio" in Italy. This type of loan implies that the loan receiver is required to repay their loan through the automatic transfer of up to one-fifth of their net salary or pension until the loan is fully repaid. It is a loan that employees or pensioners can apply for for personal needs relating to private and family life. This type of financing requires insurance to ensure payment of the remaining debt in the event of loss of employment or death. Whoever requests the assignment of the fifth has all the protections and rights provided by the credit to consumers whatever the amount of financing.
Employees' loans refer to a specific type of personal loan called "cessione del quinto dello stipendio" in Italy. This type of loan implies that the loan receiver is required to repay their loan through the automatic transfer of up to one-fifth of their net salary or pension until the loan is fully repaid. It is a loan that employees or pensioners can apply for for personal needs relating to private and family life. This type of financing requires insurance to ensure payment of the remaining debt in the event of loss of employment or death. Whoever requests the assignment of the fifth has all the protections and rights provided by the credit to consumers whatever the amount of financing.
