Fernando de Querol Cumbrera
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Get in touch with us nowNumber of employees loans financed in Italy 2018, by provider
In 2018, BNL Finance was the leading provider of employees loans in Italy, in terms of number of operations financed. According to the ranking presented in the graph, IBL Banca financed approximately 59.4 thousand employees loans. IBL Banca and Compass Banca followed with approximately 36.8 and 30.7 thousand 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.
