Italian post office loan: convenience and opinions compared
After a further restyling, new products were added, bringing the number of loans that could be requested, from the 4 types of original comfortable lending required for the capillarity of the post offices and fairly easy to obtain (even if on convenience, from a point of view purely economic, many doubts must be raised) to the current offer which includes:
Convenience or heavier interests?
Before taking a look at the strengthening of the loans section, carried out by Astro Finance, with the abandonment of products that have long resisted in the preferences of users, there is a small observation to be made precisely on a range of products that sees Astro Finance more as a placement agent than as a direct provider.
In fact, in most cases, Astro Finance provides financing through agreements with other banks and financing companies (especially Compass), which makes them more expensive than the average loan market, except for periodic promotions, which make more appealing conditions.
Postepay’s Special Cash: too expensive compared to the average of the loans makes room for the Mini Loan
It is a comfortable and easy to obtain solution, and compared to its founder the Mini Loan maintains the mechanism that uses three sizes (modified in 1000, 2000 and 3000 USD) but each linked to a fixed duration of 22 months, (while with SpecialCash for each of the three expected sizes of amounts that can be requested 750 USD, 1000 USD and 1500 USD the durations varied, and apart from these changes, the question is whether the cost is still too high. of taeg were going from 17.83% for 750 USD of loan, 16.29% for 1000 USD and 15.34% for 1500 USD respectively.
Furthermore, due to the cost of postal bills, the TAEG went up by about 2 percentage points for each amount financed. Considering that the average of the rates applied on personal loans is less than 13%, it goes without saying that it was not at all like financing. What has been lost with the new Mini Loan is the clarity and transparency of rates, as there is no clear and definite information online, but you need to ask for an appointment and have the payment calculated directly from the post office where you are addresses.
Astro Finance: no convenience compared to other loans
This is a classic loan for salary or pension assignment. The tan is set at 7.53%.
Also for this proposal it must be emphasized that on the market there are similar proposals that have a much lower rate. The average tan of the salary-backed loans, until a while ago was in fact around 8%, so this financing was more expensive by more than two and a half percentage points and, given the duration and the high sums payable, it became It is clear that even in this case there was no convenience compared to the proposals of numerous competitors. The situation has changed thanks to a downward adjustment in rates.
Fifth Pension: for pensioners, favorable terms?
In view of the agreement that, like the main banks and financial institutions, was stipulated with social security, there are no rates that differ significantly from the rest of the offer, confirming a Tan in line with that applied in the Astro Finance Dipendenti public. The maximum age at the end of the repayment plan cannot exceed 80 years.
Astro Finance Loan: a good choice for large amounts that also becomes Flexible and Online
This loan is reserved only for post office account holders, it allows you to get up to 30 thousand USD repayable up to 84 months, starting from 3000 USD (while for the Online version the minimum amount is 1500 USD). The Taeg changes according to the requested amounts, with a decalage system with the increase of the requested amount (in addition it adds the possibility of obtaining the requested sum in cash if up to 10 thousand USD or credited on one’s Postepay Evolution).
For example, up to 10 thousand USD is 11.65% for 4 years of amortization, while above 10 thousand USD for 72 months it drops to 10.52%. So this is a type of financing that is worthwhile only if high amounts and amortization plans of at least average duration (around 6 years) are chosen.
The innovative aspect comes with the Flexible version which brings the maximum duration up to 108 installments and allows you to take advantage of the “jump installment” mechanism.
Italian Post Office loan quote: is it possible to request it online with installment calculation?
Currently the Astro Finance website does not offer the possibility of calculating the loan installment online. With the sole exception of the holders of the Astro Finance Online account, who can take advantage of the online request, thanks to the use of the digital signature. However, within each individual product, an example of the loan is available that allows you to view the real economic conditions of the loan.
Small loans Astro Finance: the best solution?
In a finance market that is now blocked (in fact, banks are less and less inclined to provide loans) Astro Finance was able to guarantee the possibility of requesting from 750 to 1,500 USD in a simple way. The loan was issued directly on the Postepay card (SpecialCash offer), while now there is a similar solution, which links the Mini Loan to the Postepay Evolution.
Bank Astro Finance: up to 20 thousand USD for everyone (no longer available)
This is a personal loan that can also be granted to those who are not Astro Finance current account holders, with a maximum amount of 20 thousand USD and amortization of up to 84 installments. However independently of both the duration and the amounts it is a loan that is slightly above the market average, so, once again, it cannot represent the first choice in an absolute sense.