Delegated loan

The loan with Polks is the form of credit ideal for employees

The payment delegation meets the personal needs of employees who need additional liquidity, is a loan with direct payroll deduction.

  • For state, public, private employees.
  • Fixed installment for the duration of the delegation.
  • Fixed rate for the whole duration.
  • Refund times from 24 to 120 months.
  • Without cost purpose.
  • Directly to your home.
  • Also in the presence of other loans or mortgages.
  • Feasibility No problem for bad payers.
  • Even in the presence of protests and foreclosures.

Loan Delegation.

The ideal loan to meet the personal needs of an employee. No need to own a checking account. What you need is your paycheck. With the Polks loan the installment is deducted directly from the paycheck.The Polks loan, also known as a payment delegation or double-fifth, is a  personal financing not finalized. It is disbursed with a fixed interest rate, repayment in constant installments up to 120 months.

The installment includes all ancillary costs, insurance costs for life and job risk, principal and interest.

As a non-finalized loan, the amount received can be used for any reason without any expense justification or purpose requested by the provider.

In practice, the Polks loan is a form of loan suitable for obtaining liquidity for each type of purchase: car, restructuring, marriage, travel, welfare, health and other needs. It is up to the employer (unlike the assignment of the fifth is not obliged) to repay the amount of the installment monthly, retaining it from the salary slip of the employee, who used this form of loan to finance his purchases or personal liquidity.

The employer himself assumes the responsibility of punctually and regularly making payroll deductions in favor of the lender. If the employer is a private company, he / she will undertake to limit the employee’s termination indemnity to the Beneficent Company until the end of the loan.

The loan through a payment delegation is aimed at all categories of workers, both public and private, as required by the original regulations of 1950 (the 180/1950).

The loan through a payment delegation can be voluntarily terminated on  in advance, with the payment of a penalty on the residual debt (the penalty is usually 1%). The residual debt is the portion of the loan (by way of capital, which does not include interest) that the debtor still has to pay to the creditor.

The payment delegation is covered by specific insurance policies: life risk, employment risk. The first protects the customer and therefore his heirs in case of premorence, the second in the eventuality of the loss of work for reasons not dependent on his will.

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