Did you know that ITAFORMA Welding training courses can be paid in installments through financing?
Itaforma Metalworking School offers you the possibility to pay for the course in installments through financing!
You will have access to a loan from one of our partner financial institutions, which, after due feasibility and solvency checks, will propose the best solution to finance your training!
Choose to finance your training path without having to worry immediately about the course cost; you will repay it gradually while you work!
Loans for ITAFORMA Welder Training
Who are they for?
As a private student, you can apply for one of the loan options reserved for welding students of all ages, to support the investment in your training and your future.
The loan enables you to cover the necessary expenses for your training course.
What is the financing amount?
The financed amount can cover the full course cost or a partial amount, depending on your individual requirements.
The loan is disbursed as a lump sum and is conveniently repayable over several years.
How to apply for financing for the Welder training course?
To learn more, please fill out the form with your details to be contacted by a Consultant. You will receive the necessary information to process your application and the required documentation for the financing request.
Once your financing application is submitted, you will receive a prompt decision. If approved, you can conveniently defer payment for your chosen Itaforma Welder course.
Are you unemployed and unable to provide the required collateral for financing?
You can find someone to act as a guarantor for your financing.
Who can act as a guarantor for your financing?
This could be a parent, a relative, a working friend, a pensioner, or a company.
The granting of financing is subject to the approval of the Bank/Financial Institution.
Do you wish to finance the course cost but are unsure how? You can consult our financial advisor specializing in the credit sector, who can guide you to the optimal solution for securing the required amount.
What is financing?
Financing refers to a sum granted by a bank or financial institution, which is repaid in multiple monthly installments, plus the applicable interest rate. The total sum of these payments is known as amortization. The amortization period typically ranges from a minimum of 12 months to a maximum of 120 months (10 years).
How is the installment calculated?
The requested amount, interest rate, and loan term are the three parameters that influence the monthly installment and, consequently, the total cost of the operation:
The installment increases if:
– The principal amount increases
– The interest rate increases
– The loan term decreases
The installment decreases if:
– The principal amount decreases
– The interest rate decreases
– The loan term increases
What are the eligibility requirements for financing?
Regardless of whether you are an Italian or foreign citizen, to access financing, you must reside in Italy and be able to provide valid Italian identification.
Your age must be between 18 and 77 years. Furthermore, you must have a demonstrable and continuous income (e.g., a permanent employee, self-employed for over 12 months, or a pensioner).
I do not yet have an income. Can I ask relatives and friends to act as guarantors for my financing?
Absolutely, provided they meet the requirements outlined above, such as stable employment or a pension.
What are the most suitable types of financing for course installment payments?
There are primarily two options: a personal loan or a salary/pension-backed loan (Cessione del Quinto).
– A personal loan is a financing option where a bank or financial institution provides the client with the requested sum, which is then repaid through installments debited directly from their bank account. Eligible applicants include employees (permanent or fixed-term, provided the contractual expiry date extends beyond the loan's repayment date), self-employed individuals (active for at least 12 months with previously declared income), or pensioners.
The maximum age for the applicant is 77 years. To qualify for credit, there must be no adverse credit reports of any kind (e.g., unpaid installments, defaults, overdrafts). Furthermore, for amounts exceeding €2000, it is often required that the client has a pre-existing credit history, having already been registered in credit databases.
– Salary-backed loans (Cessione del Quinto), however, are based on the assignability of up to one-fifth of a salary or pension, making them exclusively available to employees and pensioners (self-employed individuals are not eligible for this type of financing). A portion, up to a maximum of one-fifth of the salary, is paid directly by the employer to the financial institution, constituting the loan installment.
To access this credit, the employee must be permanently employed and possess sufficient work seniority, as their accrued TFR (severance pay) will serve as the primary parameter for the financial institution to calculate the maximum assignable amount. The employer's reliability also plays a significant role: public limited companies (S.p.A.), large limited liability companies (S.r.l.), public entities, and social security institutions are definitively favored for this type of transaction, which is why it is a principal financing tool for public sector employees.
As a single-income loan, it does not permit the addition of guarantors or co-obligors.
What are the typical disbursement times for the loan amount?
On average, the approval for a personal loan is typically received approximately five days after application.
Salary-backed loans (Cessione del Quinto) or pension-backed loans, however, entail longer processing periods due to the increased administrative activities involved. On average, the approval is typically received within twenty days.
What documents are required to submit a financing request?
Generally, identity documents and proof of residency are required.
– For employees, at least two pay slips, the latest Certificazione Unica (single income certification), and, for salary-backed loans (Cessione del Quinto), a salary certificate are necessary.
– For self-employed individuals, the latest Modello Unico (unified tax return), the current balance sheet, and electronic submission of paid F24 forms are required.
– For pensioners, the latest Certificazione Unica (single income certification) and the Obis-M statement are required.
