INPDAP Mortgages
Public and state employees are entitled to a specific type of subsidized loan known as an Inpdap Mortgage, which makes it possible to get a loan for the purchase, redemption, or construction of one’s own home as long as it’s the first property for domestic use.
Request an INPDAP agreement loan
The integrated management of social and credit services (Credit Fund) registers InpDap loans as special subsidized loans for public and state employees and retirees.
Following the merger of the duties of the National Institute of Social Security and Assistance for Public Administration Employees InpDap with the National Institute of Social Security, INPS is responsible for managing INPDAP long-term loans for the purchase of a first home. The only way to submit the request is online through the concerned Administration.
InpDap Loans are an attractive credit option for home renovations as well. These loans can be sought as short-term loans with terms up to 48 months long as well as medium-term loans with terms of five or ten years.
In the case that a request for access to credit is made, the Inpdap Small Loan and the Guaranteed Long-Term Loan each represent an adequate and advantageous alternative.
Request an INPDAP agreement loan
Mortgages under the InpDap program for a first home purchase
The management and disbursement of InpDap direct multi-year loans are based on the financial viability of the National Institute of Social Security INPS. Public and state employees, as well as retirees who have worked for at least four years and at least 48 months in the Unitary Management of Social Services and Credit, may request them. They may have a five-year or ten-year term.
For Employees, it is possible to claim their fixed-term contract—so long as it is a fixed-term contract of at least 36 months—as a necessary criterion. The length of a loan cannot exceed the contract’s expiration date when one is requested for one with a fixed term.
To buy, redeem, or construct a property for residential use, direct multi-year loans can be obtained thanks to the potential of enjoying availability with a maximum ceiling of € 150,000.
With a salary assignment and a monthly payment of up to one fifth of the net monthly wage or net monthly pension, InpDap multi-year loans for the purchase of a first house can offer a repayment schedule of up to 120 months.
This form of loan has a nominal annual rate (TAN) of 3.5%, to which 0.5% must be added for administrative charges and a Contribution to the Risk Fund, which fluctuates based on the borrower’s age and the length of the loan.
It is required to submit an Application only through one’s own Administration of Competence in order to be eligible for the Credit, along with the relevant property purchase papers and a medical certificate attesting to the applicant’s good health.
InpDap mortgages for the purchase of the First Home
Additionally, with a maximum loanable ceiling of €300,000, public and state employees as well as INPS pensioners have the option of applying for an InpDap mortgage for the purchase of their first property. Only candidates who have been enrolled in the Credit Fund for at least three years and have a permanent job contract are eligible for this form of credit.
For fixed InpDap mortgages, the nominal rate is 2.95%; for variable InpDap mortgages, the nominal rate is based on the 6-month Euribor, raised by 200 basis points.
Requests must be filed electronically via the INPS portal together with any supporting documentation for the requested property and household, as well as a Family Status message.
Loans under the InpDap program for a child’s first home purchase
In order to get a loan to buy their child’s first property for residential use, public and state employees as well as INPS retirees may request access to finance.
The mandatory requirement of not returning to be a part of the member’s family status must be complied with by the kid of a public or state employee or of an INPS pensioner.
When requesting this sort of credit, you must also provide a notarized deed of sale that is no more than a year old and either a copy of the properly registered preliminary deed of sale or a medical certificate attesting to your good health.
Additionally, the applicant’s child must be able to provide proof of income in support of the application, such as a tax return or a permanent contract, and include a copy of the income certificate with the loan request.