Jesuskana Finance Tips

The assignment of a fifth of the pension is a type of loan for pensioners where you get a loan in exchange for a fifth of their retirement.

The assignment of a fifth of the pension is not a loan for the purchase of a product or service. The loan is provided with a fixed interest rate and the rate of repayment of the loan is constants.

Who can apply for a loan with the sale of retirement?
Can access the loan through the sale of the fifth pensioners with retirement pension, retirement or survivor.

They cannot access funding retirees with pensions of civil disability, pension and social allowance. Also cannot get the loan that retirees have a pension contestant more people or having a pension but is under the age of 40 years.

Can not access the loan pensioners whose net monthly pension is less than 530 €.

What you need to get a loan with the sale of the fifth of the pension?
The pensioner who wants to get the loan must provide a copy of the coupon and present the board with proof of identity, social security number, the last CUD and any other documents depending on whether a Social Security pensioner, or sickness.

Duration of loan
The loan may last from 24 months up to a maximum of 120 months, is from 2 to 10 years.

Loan amount
The maximum amount that can be gained through the sale of the fifth of the pension is € 50,000. The monthly payment but cannot exceed one-fifth of the net monthly pension received by the applicant.

Warranties
Loans for pensioners obtained through the sale of the fifth of the pension are covered by a life insurance policy.

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