Italian Bank is a loan for professionals and small and medium-sized Italian companies to be turned on in order to sustain the current expenses of the company without caring about them immediately. A certain liquidity can in fact be obtained to allow the holder to concentrate on the development of the activity, without having to worry about finding immediately a different solution every time to make daily payments.
The business loan is obtained quickly
As stated in the Italian Bank principles and is applied to all Bank products. You must bear the cost of the stamp duty on the contract equal to 16 euros if you opt for the solution started through Bank, the financial company that allows you to access this credit.
Features and costs
Italian Bank grants a loan of up to € 5,000 and starting from € 500 credited directly to the Bank current account; each month, depending on the uses made as expenses, a personalized repayment plan is generated with the payment of a different installment on the 15th of the month; for requests approved in the first mee a stamp duty of € 16 must be paid the following month.
You can withdraw from the loan without penalties and you can close any repayment plan when you want, leaving the other plans unchanged; to close the contract definitively it is necessary to pay the sums still due, to close the repayment plans in advance it is instead possible to keep the credit line active without incurring other expenses.
Other ancillary charges
There is no insurance to support the loan. The duration of the amortization period is up to 24 months with installments debited to the Bank account ; the preliminary costs are not foreseen, the annual quota for making the loan available is 40 euros, the monthly commission on credit is a fixed percentage applied monthly to the amount used defined in the contract. The installment commission is free.
The sending of communications is 2 euros per stamp and 1 euro for the costs of sending the annual statement. With regard to the customer’s withdrawal costs and the early repayment of the use of the credit, there is no expense applied to the transactions, only the repayment of any capital used monthly.
Current accounts for professionals
Italian Bank is aimed at artisans, traders and freelancers, sole proprietorships or natural persons with VAT number; to activate the credit, it is necessary to have a Bank account. If the applicant already has a Bank Office account he can request this loan, but he must migrate to Bank account, maintaining the same account coordinates, but modifying the conditions.
Documents and amortization
To obtain Italian Bank you must present an identity document or permit of stay for foreigners, your health card, the Income Model with the electronic transmission to the Revenue Agency or the Certification of the Revenue Agency of the code of the VAT number; only for sole proprietorships it is also necessary to have the Certificate of registration in the register of companies or the copy of the Chamber of Commerce’s certificate issued not earlier than 90 days from the request. Once the request is made, a quote is received and, if the credit is accepted, the loan is received. With regard to exposures activated after 24 July 2015, repayment plans exist for 24, 30, 36 months, with options preceded by communications to the customer in relation to the 30 and 36 month plans, optimal solutions for Italian SMEs.