Debt Consolidation Loan with Postal service Italy in 2019, Offers, Solutions

If you want to reduce your monthly payments on loans that you have already made over time and also want to get additional liquidity for other expenses, you may decide to use a Debt Consolidation Loan. The Debt Consolidation Loan is a special type of loan that allows you to pay off all the loans stipulated and to combine them in a single monthly installment that will be lighter.

The monthly payment that you will then pay will be lighter thanks to the interest rates that will be cheaper and thanks to the fact that you will be able to extend the duration of the operation you are going to develop and subscribe to. The maximum amount that you can request by applying for this loan will vary based on the characteristics of the applicant and the type of loan requested. The amount you will get on loan will be used first to pay off debts and, if you ask for it, you will also get an extra additional liquidity.

What are the most interesting proposals regarding Debt Consolidation Loans? What are the offers offered by Postal Service Italy? What are the requirements to apply for this type of loan and how do I apply for it? Finally, what are the methods of disbursement and repayment of the loan? Let’s find out together in this article.

Debt Consolidation Loan

Debt Consolidation Loan

The Debt Consolidation Loan is defined as a liquidity loan that allows you to pay off all outstanding debts and to pay off a single debt, thus paying only one monthly installment to a single credit institution. The sum obtained will cover the costs of previously stipulated loans; moreover, it will also have a more sustainable monthly installment; this is because the loan will be delayed in more time and will have more interesting and convenient interest rates.

The advantages of debt consolidation loan are really numerous. First of all, you will be able to pay off all the loans you have contracted over time by bringing them together in a single monthly installment. Having a single installment to be paid monthly, it will certainly be easier to cover it without difficulty. Furthermore, the debt consolidation loan may also allow you to obtain additional liquidity ; therefore, in addition to covering your debts, you can also get an extra sum of money to be able to spend on other expenses.

This is a great solution, especially for families. In fact, going to gather all your debts in one installment to be paid to a single credit institution, you will avoid paying different monthly installments characterized by different interest rates and different characteristics. The installments of debt consolidation loans are characterized by greater sustainability ; this is because they have much better interest rates and therefore make supporting the installment much easier for anyone.

Postal Service Italy also aims to provide its customers with a Debt Consolidation Loan. Let’s examine in detail the characteristics of this particular type of loan.

Costal Bank Consolidation Loan

Costal Bank Consolidation Loan

The Costal Bank Consolidation Loan proposed by Postal Service Italy is a loan that offers a single solution for all your payments. This is a proposal that involves bringing together all the loans or debts you have contracted over time into a single loan. In this way you will find yourself supporting only one monthly commitment; this will mean having to pay only one monthly installment, having a single deadline and therefore certainly fewer problems.

This particular type of loan is designed specifically for people or families who are faced with various monthly expenses related to loan installments. By going to contract a debt consolidation loan, your situation will surely become more sustainable. The Costal Bank debt consolidation loan will allow you to go to support a single monthly installment that will bring together all your previous expenses. Furthermore, the installment you are going to pay each month will be characterized by a better interest rate.

Furthermore, by requesting a Costal Bank Consolidation Loan, you will also be able to obtain additional liquidity. So in addition to simplifying your life, by combining expenses under one installment, you can also request to add an additional sum to the total amount of the loan, thus obtaining an additional liquidity that you can allocate to other more or less urgent expenses. The methods of applying for this type of loan are quite simple. But let’s see what the main features of this loan are.

Features of the Costal Bank Consolidation loan

Features of the Costal Bank Consolidation loan

The Costal Bank Consolidation loan has some really useful and interesting features that make it particularly advantageous. We have already said that this type of loan is designed specifically for those who are faced with various monthly expenses. Having to pay multiple monthly installments, each characterized by different maturities and different interest rates, the family’s economic situation could become really complicated.

This is where the Costal Bank Consolidation loan comes in handy. This loan has the characteristic of allowing you to combine all your debts contracted over time with a single credit institution and going to pay a single monthly payment. Being then supported by a single monthly payment that will also feature a better interest rate, obviously the economic situation will be more sustainable and simple.

The other characteristic not to be underestimated of the Costal Bank Consolidation Loan is the possibility of obtaining a single loan with an interest rate that will be the same for all the debts you have contracted. Moreover usually the interest rates of debt consolidation loans are extremely more advantageous than those of a normal loan. An additional advantage of entering into a debt consolidation loan is the ability to combine all installments in a single monthly installment. In this way you will have only one monthly deadline to respect and this will make your economic situation much easier to manage.

Now, however, let’s see what are the requisites required by Postal Service Italy to apply for the Costal Bank Consolidation Loan.

Requirements to apply for the loan

Requirements to apply for the loan

In order to apply for the Costal Bank Consolidation Loan at Postal Service Italy, you will need to comply with certain essential requirements. The main requirements are:

  • Being resident in Italy
  • Have a demonstrable income from work or pension produced in Italy
  • Hold a Costal Bank account or an ordinary Postal Savings Book

These are the requirements necessary to be able to apply for a Costal Bank Consolidation Loan. So, in summary, you must be a natural person resident in Italy and provided with a demonstrable income produced in Italy. Furthermore, to be able to apply for this loan, you must hold a Costal Bank current account or an ordinary postal savings account.

Postal Service Italy requires these requirements to be able to apply, without it being impossible to obtain a debt consolidation loan. The Costal Bank Consolidation loan may have a duration ranging from 24 to 96 maximum months. The amount you can request ranges from a minimum of € 3000 to a maximum of € 50,000 for holders of Costal Bank accounts. While, holders of postal savings accounts can request a figure ranging from € 3000 to € 30,000. But how can you apply for a Costal Bank Consolidation loan?

How to apply for a loan

How to apply for a loan

The procedure to apply for the Costal Bank Consolidation Loan is not at all complicated. Simply call the toll-free number 800.00.33.22. and make an appointment with a Postal Service Italy consultant at the nearest post office. Afterwards, you can simply go to the office where you can discuss the various options available to you together with the consultant. You can then apply for the Costal Bank Consolidation loan.

Together with the request for the Costal Bank Consolidation loan application, you will also need to submit a documentation that includes:

  • Identity document valid
  • Health insurance card
  • Document showing your income

Furthermore, in addition to the documents we have listed, you will also need to present the extinguishing counts of the loans you wish to pay off. Please also note that, depending on the person requesting the loan and his personal characteristics, or even to access particular promotions on the loan requested, Postal Service Italy reserves the right to request additional requirements or even additional documentation with respect to that which we have listed above.

Once the application has been submitted along with all the required documentation, you will have to wait for Postal Service Italy to carry out all the necessary checks. Subsequently, after obtaining the approval of the loan, the entire sum requested will be paid. The sum will be credited in a single payment with direct credit to the Costal Bank account in the name of the applicant or with direct credit to the applicant’s bank account or even in cash at the post office counter.

How to repay the loan

How to repay the loan

What about the repayment methods of the Costal Bank Consolidation loan? Well, first of all take into account the fact that the duration of Postal Service Italy’s debt consolidation loan ranges from 24 months to a maximum of 96 months. In addition, the amount that can be requested ranges from € 3000 to € 50,000 for Costal Bank account holders, while from € 3000 to € 30,000 for holders of a postal savings account. In the following tables I report details of the loan characteristics:

Holders of Costal Bank Account
Minimum amount 3,000 euros
Maximum amount 50,000 euros
Repayment duration From 24 up to 96 months
Holders of Postal Savings Book Ordinary Name
Minimum amount 3,000 euros
Maximum amount 30,000 euros
Repayment duration From 24 up to 96 months

The loan is repaid by paying fixed monthly installments which will be automatically debited to the applicant’s Costal Bank account. With regard to the holders of ordinary postal savings account, the monthly installments will be automatically debited to the bank account of the borrower or will be paid by postal bills, whose payment fees will be charged to the applicant in based on current rates.

Postal Service Italy promotional conditions

Postal Service Italy promotional conditions

Postal Service Italy, as for many other financial solutions, proposes promotional conditions on the Costal Bank Consolidation loan. These promotional conditions will be valid until October 31st 2018. The conditions proposed by Postal Service Italy are applicable to Costal Bank current account holders who request a sum equal to or greater than € 15,000.

You should also know that by paying a little more on the monthly fee you can also take out optional insurance coverage to protect yourself and your family. This insurance policy, called Postaprotezione Loan, is dedicated to those who take out a loan and want to protect themselves from the risk of not being able to repay the loan in the event of unforeseen events concerning health or work.

If you are going to take out a debt consolidation loan, this could be the right opportunity. If you want to take advantage of Postal Service Italy’s promotional conditions, remember that they expire on October 31st 2018.

Debt Consolidation Loan Example

Debt Consolidation Loan Example

I propose in the following table an example of a Costal Bank Consolidation loan offered using the promotional conditions proposed by Postal Service Italy until October 31st 2018. We are talking about a loan for a total of € 18,000 repayable in 90 monthly installments with a rate Fixed TAN an 8.40% and a APR rate of 8.77%.

Total amount of credit 18,000.00 euros
Monthly installment amount 270.24 euros
Duration of the contract 90 months
Total Credit Cost 6,353.60 euros,   of which
Interests 6,321.60 euros
Preliminary fees, installment collection and practical management and sending of paper and periodic transparency notices 0.00 euros
Stamp duty 16.00 euros
Stamp duty on periodic communications 16.00 euros
Total amount due € 24,353.60

* The economic conditions and the APR shown above are valid until 10/31/2018 and reserved for holders of Costal Bank Current Accounts who require an amount equal to or greater than € 15,000.

Conclusions

We analyzed the characteristics of the Costal Bank Consolidation loan proposed by Postal Service Italy. This is a loan designed for those who want to combine all loans and debts over time in a single monthly installment. This loan allows you to get a single monthly payment with a very attractive interest rate.

The characteristics of this loan make it really perfect for families who have to bear various monthly expenses and are looking for a method to make their economic and financial situation more sustainable. Moreover, the excellent promotional conditions proposed by Postal Service Italy until October 31st 2018 will allow you to obtain a debt consolidation loan at extremely advantageous conditions.

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