Loan and mortgage
disbursement schedules for INPDAP
One option is to rely on INPS Gestione Unitaria, formerly INPDAP, if a person who is a public employee or a former INPDAP retiree wants to take out a loan.
What are the loan disbursement times, though?
Learn more about the INPDAP loans and the corresponding time frames in the sections that follow.
What are INPDAP loans, exactly?
Some loan reductions offered by INPS are not offered by other banks or financial organizations.
In actuality, the institution charges fixed interest rates that are less than those provided by rival institutions on the amount granted.
In addition, INPS provides two distinct credit options dependent on how long it takes to return the loan. Therefore, a “small loan” is mentioned for contracts lasting up to four years; in contrast, a “multi-year loan” (also known as an INPDAP loan) lasts for five or ten years.
Depending on the form of financing selected, there are different wait times for getting the funds.
Request an INPDAP agreement loan
When to Apply for an INPDAP Small Loan
The’small loan’ amounts are extremely little; we’re talking about quantities under 5,000 euros.
If you are a government servant who is still employed, your application must be submitted electronically or through your place of employment; if you are a pensioner, your application must be submitted directly by the subject.
The process for the release of the capital is initiated once INPS has received the right paperwork and carefully evaluated the customer’s dependability.
The money is typically provided within 60 days of the opening of the filing due to the comprehensive digitalization of the procedure and the decreased size of the cash.
When to apply for a long-term loan or an INPDAP mortgage
When it is decided to request a bigger amount of money, to be repaid in 5 or 10 years, the situation becomes a little bit more problematic.
The request is made in the same manner as for the “small loan,” i.e., online; if the subject has retired, it is made by his or her own Administration; if the employee is still employed, it is made by that Administration.
The procedure is obviously longer because more checks must be made because the desired amount is more and the debt settlement period is longer.
Along with the application and identification documents, the following are also necessary:
- The justification for taking out the loan;
- A health certificate issued no later than 45 days following the application’s filing date;
- A document attesting to the need or the cost that has already been incurred.
The amount requested and the intended use of the funds will both be taken into consideration when determining how soon the applicant will get the funds. These two factors have an impact on waiting durations, which in any event generally never go over 90 days from the date the application was accepted.