Loan guaranteed: let's learn more about it

The loan guaranteed is a fixed-rate loan and repayment is through monthly equal installments. To apply for a secured loan, the customer must provide a guarantee.

In the case of a permanent position the loan guarantee is generally determined by the indemnities. For the self-employed workers the  loan guarantee is the capital redemption of life insurance policy. Best known guaranteed loans are: the transfer of salary or pension and insurance on the loan.
The assignment of salary provides a monthly payment deducted from the payroll by the employer that will pay then the bank. The advantage for those on a loan guaranteed is the fact of not having to rely on force to a bank account.

There are also other forms of guaranteed loans for employees of private companies such as: the voluntary transfer and disposal extra. These give the opportunity to borrow a higher amount than the sale of the salary.
Another type of loan guaranteed is also the trustee secured loan where repayment is backed by promissory notes.

Public employees can access the loan guaranteed that is combined with delegation to the sale of the fifth and allows larger amounts of funding.
Then there is the guaranteed loan on which policy is required which generally corresponds to guaranteed surrender value of your life insurance policy.

(loan guaranteed) calculation of the monthly payment :

The monthly payment is multiplied by the number of rates corresponding to the life of the loan. The rate can not exceed the salary net of withholding social security, welfare and/fees.

The bank granting the loan must clearly state the APR. To get the guaranteed loan one must submit four copies of the appplication request . The application must be accompanied by a medical certificate of good health and a written demonstration of the salary statement.

Other things to know

The shares deductions from salary shall be paid to the Institute which provided the claim by the 10th of the month following that to which they relate.