Did you know that ITAFORMA Welders' Training courses can be accrued through financing?
Itaforma Metalmechanics School offers you the option of being able to installment your course payment through financing!
You will have a loan from one of our partner finance companies, which, after due feasibility and creditworthiness checks, will propose the best solution to finance your training!
Choose to finance your training without having to worry immediately about the cost of the course, you will pay it back slowly as you work!
ITAFORMA Welders Training Loans
To whom are they addressed?
As a private trainee, you can apply for one of the loan options reserved for trainee welders of all ages to support your investment in training and your future.
The loan makes it possible to meet what is needed to go through the training.
How much is the funding?
The amount that can be financed can cover the cost of the course in full or only a portion, all depending on your needs.
The loan is disbursed in one lump sum and is conveniently repayable over several years.
How to apply for Welder course funding?
To learn more, fill out the form with your information to be called back by a Consultant and receive the information needed to instruct the file and provide the documentation needed for the loan application.
Once the application is made, you will receive the outcome quickly and in case of approval you can conveniently defer payment of your chosen Itaforma Welder course.
Don't have a job, are unemployed, and don't have the required collateral to get financing?
You can find a person to do the financing for you.
Who can do financing for you?
It can be a parent, a relative, a friend who works or receives a pension, or a company.
The granting of the loan is subject to the approval of the Bank/Finance.
Do you want to installment the cost of the course but don't know how to do it? You can contact our financial advisor specializing in the credit branch who will be able to show you the best solution to obtain the required amount.
What is financing?
We speak of financing when a bank or finance company grants an amount that is repaid deferred in several monthly installments plus the relative interest rate. The set of installments that are paid is called amortization. The amortization period usually ranges from a minimum of 12 months to a maximum of 120 months (10 years).
How is the installment calculated?
Amount requested, rate and duration are the three parameters that cause the monthly installment to vary and, consequently, the cost of the transaction:
The installment increases if:
- The amount goes up
- The rate goes up
- The duration goes down
The installment decreases if:
- The amount goes down
- The rate goes down
- The duration goes up
What are the requirements to qualify for financing?
Regardless of whether you are an Italian citizen or a foreigner, you must reside in Italy and be able to show Italian documents to qualify for financing.
Your age must be between 18 and 77. Finally, you must have a demonstrable and continuous income (permanent employee, self-employed for more than 12 months, or retired).
I still have no income. Can I ask family and friends to do financing for me?
Absolutely, as long as they are in line with the requirements described above, i.e., a long-term job or a pension.
What types of financing are best to installment the course?
There are mainly two ways: the way of personal loan and the way of loan assignment.
- A personal loan is a loan in which the bank or finance company provides the customer with the requested sum that will be repaid in installments taken directly from the current account. The applicant can be an employee (permanent or fixed-term as long as the contractual maturity date is greater than the loan repayment date), a self-employed person (active for at least 12 months with income already declared) or a pensioner.
The maximum age of the policyholder must be 77 years. In order to access credit, there must be no reports of any kind (unpaid installments, defaults, overdrafts) and, for amounts over 2000€, it is often required that the customer has already been surveyed in the databases (and therefore already had a credit history).
- The assignment of one-fifth on the other hand, is based on the assignability of one-fifth of the salary or pension and therefore is dedicated only to employees and pensioners (self-employed people cannot access this type of financing). A part equal to a maximum of 1/5 of the salary is paid by the employer directly to the finance company; this part consists of the loan installment.
To access the credit, the employee must be employed on a permanent basis and must have seniority because his or her accrued severance pay will in fact be the parameter on which the finance company will calculate the maximum transferable amount. The goodness of the company where the employee works also comes into play: s.p.a.'s, large s.r.l.'s, public entities and social security institutions are definitely the favored companies for this type of operation, which is why it is one of the main instruments used by public employees.
It is a single-credit loan so no guarantors or co-obligors can be added.
What is the time frame for disbursement of the amount?
On average, the outcome of a personal loan arrives about five days after underwriting.
On the other hand, the Assignment of the Fifth of Salary or Pension has longer periods because there are more activities associated with it. On average, the outcome arrives in twenty days.
What documents are needed to produce an application for funding?
In general, ID documents and a proof of residence are needed.
- For employees, at least two pay stubs, the latest single certification and, in the case of a salary assignment, a salary certificate are required.
- For the self-employed, the latest single form, current financial statements and telematic submission of paid f24s are required.
- In case of retirees, the latest single certification and the Obis-M form.
