The assignment of the fifth salary is a special form of funding and is distinguished by the fact of reimbursement through the sale of shares of wages.
The term comes from the sale of the fifth reason that the maximum duration shall not exceed 20% of monthly salary.
The term of the loan must not exceed 120 months and generally is not less than 24 months.
This type of loan is offered to all employees.
The sale of the fifth may be provided by banks and brokers who are registered in the 'managed by the Bank of Italy.
As mentioned earlier, the characteristic of this type of loan is that the rate of reimbursement is made by an amount of money deducted directly from their pay.
Because of this the risk of insolvency of the debtor and is much the employer is involved.
The employer has to pay the installments to the bank by deducting the amount from their pay.
The sale of the fifth is an interesting solution for workers on payroll and we check the solutions available online.
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