Neos Finance counts among its financial products a classic personal loan (fixed rate, no motivation, rapid disbursement) alongside more specific solutions such as Azzeraprestiti (the consolidation loan) and the fifth salary transfer. This personal loan, unlike the others, is not linked to the use to be made of the capital disbursed or to the type of employment or not.
Characteristics of the personal loan
The financial product is the most classic of those available on the market. It is characterized by a fixed rate throughout the duration (also fixed) of the contract, which ranges from 12 months to 120 (10 years).
The rate applied varies if private customers (individuals) or companies and sole proprietorships are involved.
In the first case we have slightly lower values (maximum TAN 15.550% and maximum 17.325%) in the second the values rise, respectively, to 17.550% and 19.620%. The difference comes from the type of guarantees that are generally more “stable” for private individuals.
Not insignificant the costs of preliminary investigation, fixed of 500 euros. The early termination fee is the now usual 1% of the residual capital.
The other expenses are:
– installment payment: 4 euros, both for collection with rid and with postal payment slip
– periodic communication: 2.50% plus stamp duty due by law
In the event of insolvency, the rate of default applied is equal to the taeg + 2 percentage points (always within the limits imposed by law in terms of usurious rates).
It is possible to take out an insurance policy called Personal guarantees, whose cost is equal to 0.085% of the financed capital multiplied by the number of months of duration of the repayment plan.
Who can apply for the personal loan
The loan can be requested by private individuals or sole proprietorships.
The required documents are the usual identities, the tax code, a document certifying the income (therefore pay slip for the first and Unico form for the latter)