The PPB carefree loan is designed for those who choose security and always want to pay the same amount for the duration of the loan, with the certainty of planning the amount of the financial commitment.
It is a fixed rate mortgage and therefore the monthly installments are constant. Ideal for those who do not want surprises, especially for salaried workers who can thus allocate a certain portion of their salaries to the mortgage payment.
Installment of the carefree mortgage PPB
The installment of this product of PPB Paribas group will have the same amount for the entire repayment period . This means that, with the progressive increase in salaries, the installment will always be easier to pay. The frequency of the installments is monthly
Carefree Loan Amortization Plan
The amortization plan with installments consisting of a principal and a portion of interest fixed at the time the loan agreement is stipulated. The amortization plan is French and therefore includes the decreasing interest rate and the increasing capital share.
Duration PPB Carefree Mortgage
The durations are fixed in multiples of 5 years . As a rule, therefore, the durations are 5, 10, 15, 20, 25 and 30 years. In the negotiation phase it is however possible to ask for different durations but in any case not less than 5 years and not more than 30.
Purpose of this mortgage
PPB’s carefree loan can be requested both for property purchases and for their restructuring . This product can also be provided in the event of subrogation of the loan already in place with other credit institutions. With carefree mortgage you can ask for up to 75% of the value of the property to be purchased.
Requirements for delivery
To obtain this loan, you must have prerequisites that if not satisfied preclude any possibility. The age of the applicant at the time of stipulation must be at least 18 years, while the one foreseen for the term of the loan cannot exceed 80 years.
For example, a 50-year-old cannot apply for a 30-year mortgage because his age at maturity would exceed the 80-year limit.
From a working point of view, the carefree loan can be paid to permanent workers who have passed the trial period, and to a freelancer.
The residence can be
- Vatican CITY
- Republic of San Marino
If you are not an Italian citizen, you must have been resident in Italy for at least 5 years.