MonthApril 2020

Government Agency loan amortization plan simulation

Are you looking for a resource that allows you to get an Government Agency loan amortization plan? Do you want a reliable calculation system supplied directly by Social Institute? Continue reading to find out all the useful information to receive personalized repayment plans.

Online Government Agency loan calculation: where to start

Online Government Agency loan calculation: where to start

How does the simulation of the Government Agency loan amortization plan provided by Social Institute? As mentioned, what we are about to present to you is the official calculation of the pension institution. The loans subject to the calculation are direct Government Agency Social Institute loans. These correspond to the Small Government Agency Loan and the direct multi-year Government Agency Loans.

There are a few simple steps to getting personalized repayment plans. The first of these is represented by access to the main page of the Institute’s official website, or www.Social

Search for Social Institute online services

Search for Social Institute online services

Here there are several routes to access the financing simulation service. The simplest is to click on the search field and type ” Simulation of small loans or multi-year loans “.

You will then have to click on the first result, or on the ” Presentation sheet ” of the simulation. This will open a new page which will contain the main information relating to this service which is designed for the needs of the members of the Unified Management of credit and social services.

Loan simulation ex Government Agency Social Institute: operations

Loan simulation ex Government Agency Social Institute: operations

Scrolling down the page you will have to click on ” Access the service ” and then on the Desktop Service “Public Employee Management: simulation of calculating small loans and long-term loans”.

At this point the page for the calculation of the Government Agency loan amortization plan will be loaded. There are three ways of calculation:

  • the basic simulation : which entails the insertion of a net salary and date of birth.
  • the simulation with the ideal installment : the salary value must be added to the salary and date of birth.
  • the simulation with amount : together with the salary and date of birth, the desired sum of the loan must be entered.

Regardless of the simulation examined, the user will receive many details about the amortization plan for the Government Agency loans. They range from the installment value to the net loan value, passing by rate, administrative costs, interest amount and duration of the loan.

To get more information about Government Agency loans you can consult our articles dedicated to Small Loans and Direct Multi-year Loans.


Credit without problems

Banks take a close look at the people they lend money to. The income, the obligations and of course the creditworthiness of the interested party are important for the credit decision. If everything is OK, a loan is approved without any problems. Unfortunately, things are not always so smooth and there are also loan rejections.

Lack of preparation

It is not always creditworthiness that a loan is rejected. Often it is also a lack of customer preparation that causes the bank to refuse a loan. So that a loan can be obtained without problems, the loan seeker should first be clear how long the term should be and how much credit he can really afford. In addition, it makes sense to first get a self-assessment from credit bureau. If there are negative characteristics in the credit, the way to the bank can be saved straight away.

But it is also particularly important that all necessary documents are carried as evidence. These are primarily the pay slips and proof of the monthly costs for rent, electricity, insurance, etc. The banks want to see this evidence. If the loan is not requested from the bank holding the account, the bank statements must also be submitted. Only with the appropriate preparation can a loan work without problems.

Although the credit is fine, there are problems. Why is that?

Although the credit is fine, there are problems. Why is that?

There can be different reasons. If the income is not sufficient to be able to pay monthly installments, the loan application is rejected. After all, there must be enough money left to be able to live on.

Especially nowadays, there is a serious problem with lending. Unemployment is meant. Basically something has to be said about this. Even if you can always read about a loan for recipients in advertising, you should be careful with that. There is definitely no credit for this section of the population. Anyone who advertises with it wants to “just rip these consumers off”. No bank gets involved in something like that. The question is, where should an unemployed person have money from to pay off a loan?

A loan without problems does not come about even if a loan has to be paid off. Most banks are against a new loan, which is reasonable. Because this often leads to overindebtedness, from which there is often no way out.