BNL Salary Power loan, how does it work?
We discover in this post how BNL Loan Salary Power works, the sale of the fifth proposed by BNL and dedicated to public and state employees.
Like all loans with salary-backed loans, BNL Salary Power Loan is suitable for all those who want a loan with installments up to 1/5 of the stipulation to be repaid within 120 months, without presenting any further guarantee, and above all a fixed rate loan which protects against interest rate jumps related to financial market turbulence.
In short, no further details are needed to understand how the BNL Salary Power Loan works, it is a classic assignment of the fifth.
The characteristics of the BNL Salary Power Loan
The BNL Salary Power Loan, reserved for Public and State Employees, allows access to loans against “Assignment of the Fifth for all Public and State Employees” and “Payment Delegation for Employees belonging to the Affiliated Administrations”.
With the sole guarantee of your pay slip with the transfer of the fifth with BNL Salary Power Loan it will be possible to carry out your own projects. Moreover, with Loan BNL Salary Power it will be possible to access loans also of a high amount, despite the presence of other loans.
With this fifth assignment, it is possible to pay an advance pending the issuance of the Approval and pay off loans already in progress, to make a new loan application.
In short, BNL Loan Salary Power joins the other offer to sell the fifth of BNL: BNL Dynamic Pension Loan, dedicated instead to pensioners.
But how much does the BNL Salary Power Loan cost?
To explain the costs of the BNL Salary Power Loan we will report the example made by BNL itself. Obviously we will start this analysis on the operation of BNL Salary Power Loan with the reporting of TAN and APR, at 6.25% and 7.25% respectively.
For a loan of around € 21,500, with BNL Salary Power Loan we will have to repay € 30000 round bales. In short, the total cost of the credit will be equal to just under 8500 euros.
Obviously, BNL Salary Power Loan being a salary-backed loan has a lower sensibility cost than other forms of financing, and therefore can be compared exclusively with similar forms of credit.