Loan with Delegation | Credit Online

 

Payment delegation

 

If you are an employee and you are wondering if you can get another loan even if you have already applied for a fifth assignment? You can get the money you need by submitting a proxy request (double fifth), even if you’ve had financial problems in the past.

 

The delegation of payment, or more commonly known as a loan with delegation or double fifth is a personal loan that allows those who already have a salary assignment to be able to obtain a new payment installment. However, the sum of the installments will not exceed 40% of salary.

 

Government employees and most civil servants can request a payment delegation.

Even private employees with permanent contracts can apply for this type of loan, but we must ensure that the company we work for accepts to withhold the double installment. For those working in the private sector it will be more likely that they will be accepted the loan with delegation if they have a good length of service and if they have accumulated a good severance pay.

Request payment delegation

 

Government employees and most civil servants can request a payment delegation.

Even private employees with permanent contracts can apply for this type of loan, but we must ensure that the company we work for accepts to withhold the double installment. For those working in the private sector it will be more likely that they will be accepted the loan with delegation if they have a good length of service and if they have accumulated a good severance pay.

How to proceed to obtain the payment delegation?

Payment delegation

The request for funding must be presented to the bank or finance company chosen and must be accepted by the employer. For this reason, the presence of a guarantor will not be necessary as the employer will ensure the repayment of the installment.

In the case of delegated loans, the worker requesting the loan gives his employer a mandate to withhold the installment to be paid to the creditor on a monthly basis. As previously mentioned, the payment delegation can also be requested by those who already have a loan with a current fifth assignment, for this purpose an additional fifth of the net amount will be withheld from the monthly remuneration. If the threshold of two fifths could be high, the deductions should not exceed the level of 50% of one’s salary.

 


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