- 1 Poste Italiane loans
- 2 Interest rates for postal loans
- 3 Types of postal financing
- 4 Mini loans and financing
- 5 BancoPosta Loan
- 6 Flexible BancoPosta Loan
- 7 BancoPosta Purchase and Restructuring Loan
- 8 Offers and promotions on Poste Italiane loans
- 9 Conclusions
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Postal financing is a practical and advantageous solution for those seeking an alternative financing method. The loans offered by the Poste Italiane group are an excellent alternative to the typical loans offered by banks or other credit institutions. These are loans that are designed primarily for those who already have a BancoPosta post office current account; even if there are options valid for those who do not have a postal current account.
The loans offered by Poste Italiane are a convenient combination of practicality and good interest rates. Among the various financial products offered, there are various financing models that adapt to different needs and requirements. But what are the financing models made available by Poste Italiane to its customers? How to choose the best financing? What are the interest rates applied to these loans? Are they really cheap? Let’s find out together!
Poste Italiane loans
Poste Italiane loans are one of the most interesting alternatives on the financial products market in terms of loans and financing. These are loans that can be requested directly from the nearest Post Office and allow you to obtain liquidity in case of need. The loans offered have very different characteristics; they therefore adapt to various needs with respect to both the sum to be requested and the loan request and repayment method.
These loans are created specifically for holders of a BancoPosta post office current account; but some are also suitable for those who do not have a postal current account. There are special funds that will allow you to request mini-numbers that will be repayable in a fairly short time. Some Poste Italiane loans can also be conveniently requested online; this makes the request methods really very simple and immediate .
Poste Italiane offers a wide range of loans that are suitable for different needs: there are mini loans, BancoPosta loans, loans for the purchase or renovation of one’s home and many others. But let’s examine one of the most requested topics related to the loans offered by Poste Italiane: interest rates.
Interest rates for postal loans
The interest, speaking in terms of financial economy, is the sum due as compensation for obtaining a sum of money on loan for a certain period. The interest rate instead is the cost of money; that is, the percentage of interest on a loan and the sum received by those who lent the money.
After understanding what the interest rate is, let’s analyze the interest rates provided by Poste Italiane on the loans they have granted. First of all, let’s clarify that the interest rate is never the same. This is not a single rate that is applied to all types of financing requested. The rate is always calculated based on the amount you request on loan, the duration of the loan and the type of loan you are going to take out. Furthermore, the interest rate changes also based on the market trend.
However, the interest rates proposed by Poste Italiane are often very cheap . This is also thanks to the numerous promotions on ongoing loans.
Types of postal financing
We can divide the various types of loans offered by Poste Italiane into at least two broad categories:
- Mini loans
- Postal financing
The mini loans or mini loans are loans characterized by mini sums , usually below the 3000 Euro. Many credit institutions do not allow to request loans with such small amounts of money: instead Poste Italiane offers you this possibility too.
Instead the normal loans are loans characterized by the request for higher sums which therefore provide for the stipulation of a contract of a different type. It is therefore a question of long-term financing; for example, mortgages related to the purchase or renovation of one’s home or other types of financing.
Regardless of the type of financing you are requesting from Poste Italiane, you can however have the security of obtaining a loan that will have excellent characteristics. Furthermore, by contacting Poste Italiane, you can choose between various types of financial products; these products will surely be able to satisfy your every need.
Mini loans and financing
The Bancoposta mini loans are loans that you can request directly at the post office; will allow you to borrow “mini digits”. Among the various types of mini loans offered by Poste Italiane, two are certainly the most interesting and are:
- BancoPosta mini loan
- PostePay mini loan
The BancoPosta mini loan is a small loan designed for those who need a mini amount to be requested very easily.
This Mini loan is the ideal solution if you want to get a small sum to start some projects, to meet unexpected expenses, or simply to buy something important for you or your family. The BancoPosta mini loan is a solution designed for Poste Italiane customers who already own a PostePay Evolution card. This is a really simple and convenient solution; in fact this loan can be requested very easily both online and in any post office.
Once you request this mini loan in the way that will be most convenient for you, the sum requested will be paid to you, subject to approval, directly to your PostePay Evolution account . At that point you will have the requested amount available, which you will then repay in 22 fixed installments.
The SpecialCash PostePay instead, is the loan that goes to top up your PostePay card or your PostePay Evolution card; the amount that can be requested ranges from a minimum of € 750 to a maximum of € 1500. The chosen amount must be paid directly to a PostePay card of your choice; it can be used in complete tranquility to make purchases, deal with unexpected expenses or even start small projects.
This is a mini loan with a flexible amount, three different top-up plans are available. These three floors are characterized by different amounts and different durations up to 24 months. An additional advantage of this mini loan is that it is a loan that can be requested even by those who do not have a pay slip; the important thing is to have a demonstrable income.
The BancoPosta loan is a loan that allows you to choose the loan you prefer. You can evaluate the amount and duration that will best suit your needs. The sum that can be requested ranges from 3,000 to 30,000 euros, whereas the duration ranges from 24 up to a maximum of 84 months.
BancoPosta Loan is a personal loan that you can request if you are resident in Italy and have a demonstrable income produced in Italy. To apply for this type of loan, you must submit the following documentation:
- Identity document valid
- Health insurance card
- Document showing the income produced
Furthermore, based on the characteristics of the applicant or to access ongoing promotions, additional requirements or additional documentation may be required with respect to the one listed here. This type of loan can also be requested by those who do not have a BancoPosta current account , so it is really ideal and suitable for everyone. Furthermore, both the repayment methods of the loan and the disbursement of the requested sum are really immediate and therefore very simple. The interest rates applied to this type of loan are variable but still very affordable.
Flexible BancoPosta Loan
The flexible BancoPosta loan is a loan that fits your needs. It is in fact a loan characterized by extreme flexibility that allows you to request a sum ranging from a minimum of € 3000 to a maximum of € 30,000. The repayment of this loan will be in monthly installments which will have a duration of 24 to 108 months.
The flexible BancoPosta loan has the advantage of being flexible; this means that you will have the opportunity to change many aspects of the loan even once you have signed the contract. For example, if you wish and need it, you can change the installment amount, or choose to change the duration of the loan and also the amount requested.
To request this type of financing, this time dedicated to BancoPosta current account holders, you will have to make an appointment with a consultant of Poste Italiane. Along with the loan request, you will need to submit the following documentation:
- Identity document valid
- Health insurance card
- Document showing the income produced
The amount you request will be debited directly from Poste Italiane’s credit on the postal account you hold. By applying for this loan, you will have the option of changing the loan installment or even skipping it up to a maximum of 3 times.
BancoPosta Purchase and Restructuring Loan
The BancoPosta Purchase mortgage is a mortgage that allows you to finance the purchase of both the first and second homes.
This is a mortgage that provides for transparent contract conditions and above all without surprises. By requesting this type of mute you can get a loan of up to 80% of the value of the property. Furthermore for this loan there is no commission for extinction or early reduction of the requested amount. The mortgage registration of this loan is carried out for a value equal to 150% of the loan amount.
The methods of requesting the BancoPosta Purchase loan are very simple. Simply make an appointment with a consultant of Poste Italiane by calling the toll-free number 800.00.33.22 .; then go to the office on the appointed day. Together with the consultant you will decide on the mute proposal closest to your needs and you will be able to sign it.
Instead the BancoPosta Restructuring mortgage is a mortgage designed for those who need to renovate their home, both before and second home, intervening on the property in various ways.
This particular type of loan offered by Poste Italiane is the ideal solution if you need to renovate your home and need liquidity. With the BancoPosta Restructuring Mortgage you will have the opportunity to finance the renovation of both the first and second homes. You can also request an amount up to 100% of the cost of the restructuring costs indicated in the estimate; provided that the restructuring costs do not exceed 40% of the real value of the property.
This type of mute provides clear and above all extremely advantageous conditions for renovating your home; these are conditions without any kind of surprises and obviously applicable to all amount ranges. Furthermore, there is no commission due for early termination or early reduction of the amount requested.
Offers and promotions on Poste Italiane loans
Poste Italiane proposes particularly advantageous promotional conditions on many of its financial products, including loans and financing. For example, some types of proposed funding are in promotion until October 31, 2018.
Among these are the BancoPosta Consolidation Loan , designed for those who wish to collect all their debts in a single monthly installment; or the BancoPosta Home Restructuring Loan , suitable instead for those who have to carry out work on their home. These loans are offered at particularly advantageous promotional conditions; they will allow you to get at a much better and cheaper interest rate.
Other loans offered by Poste Italiane are offered on promotional terms until December 2018; therefore, if you want to take advantage of the promotional conditions and request a loan with a better interest rate than others, this is exactly the right time to request it.
We have briefly examined the various types of financing proposed by Poste Italiane and the related interest rates. Making use of a Poste Italiane loan often means being able to request a loan characterized by an excellent interest rate and extremely favorable repayment terms.
The interest rate applied to postal loans is not a single rate, but rather variable. The rate that will be applied depends on several factors; that is, the type of loan you will request, the amount you wish to receive on loan and also the duration of the loan. These are the main factors that go to influence the type of interest rate that will be applied to your loan.
Regardless of your situation and the type of loan you need, Poste Italiane offers a wide range of financial products. Among these you will surely find the type of financing most suited to you and characterized by an excellent interest rate.