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Direct multi-annual loan for members enrolled in Unified Scheme of Credit and Social Benefits

Publication: 12/05/2022

Multi-annual loans can be claimed to deal with documented personal and / or family needs as envisaged by the regulation.

Civil servants and pensioners enrolled in the Unified Scheme of Credit and Social Benefits (Credit Fund) can apply for multi-annual loans.

The regulation, in force since 1 October 2011, allows members to claim a loan for the purchase of the first home of an adult child who intends to establish his/her own independent household.


The payment is made by crediting the postal or bank account indicated by the applicant, which for the pensioner corresponds to the IBAN already provided for the deposit of the pension.

The loan can be taken out for five-years, to be repaid in 60 monthly instalments, or ten years, to be repaid in 120 monthly instalments. The amortisation of the loan starts two months after the granting thereof.

A loan in progress cannot be renewed before two years have elapsed from the start of a five-year loan or four years from the beginning of a ten-year loan. It is possible to apply for a ten-year loan before two years have elapsed since the start of a five-year loan only if the interested party has never concluded different ten-year loans.

Early extinction of the loan can occur at any time with payment of the residual debt. The portion of the risk provision, equal to the period of reduction of the guarantee, will be reimbursed to the applicant in the calculation of the residual amount. To submit a claim for early extinction of the loan, click on the "access service" button. Subsequently, the path for the forwarding of the claim for early extinction is as follows: desktop service Civil Servants' Pension Scheme: services for workers and pensioners -> enter your device PIN -> GDP services: by subject area -> loan -> claims.

The death of the applicant of the loan extinguishes any obligation towards the Credit Fund. The INPS does not act against the heirs for the remaining debt.

If the debtor passes to another public administration, for the continuation of the monthly withholding, the office that operates the deductions will communicate the loan data, the account of the withholdings made, and the payments made to the INPS.

In case of termination of service before the loan has been repaid, the effectiveness of this extends by right to the pension or other equivalent continuous allowance, which is transferred to the assignor as a result of the termination itself by the relevant administration or by institutes of pension or insurance in which the member was registered under the employment contract, based on the provisions of general or special laws, of workforce or contract regulations.

If the termination of the service, rather than a pension or other equivalent continuative allowance, effects the right to a sum as indemnity or insured capital at the expense of the administration or of a pension or insurance institution, this sum is held until the entire residual debt is transferred.

If funds are not available with respect to the aforementioned indemnities, the residual debt must be paid directly by the obligor.


The monthly instalment cannot exceed one fifth of the payment or pension.

The gross amount of the loan is subject to:

  • a nominal annual interest rate of 3.5%;
  • a 0.50% rate for administrative expenses;
  • a compensatory premium for transaction risks whose rates vary by age group, maturity and duration (table on the last page of the regulation).


In case of renewal of the loan with the INPS, the new concession extinguishes early the previous loan and the amortisation of the portion of the compensatory risk premium is made by offsetting the premium due on the new transaction.

In case of early voluntary extinction of the loan before the two years envisaged for the renewal of the five-year loans and four years for the ten-year loans, the interested party may claim a new loan one year after the date of early extinction of the loan.


In addition to enrolment in the Unified Scheme of Credit and Social Benefits, applicants must have a permanent contract with four years of period of service toward the pension and four years of contribution payment to the Unified Scheme.

Members enrolled and under a fixed-term contract of at least three years can benefit from loans that can be extinguished within the period of the contract and must transfer the Severance Indemnity to guarantee the amortisation of the loan.

The dependent worker with state administrations or local institutions must be registered with the Credit Fund and pay the contribution by deduction at a 0.35% rate from the pay slip. The other civil servants can access the multi-annual loan only if they enrolled in the Credit Fund by 31 May 2008 (decree of the Ministry of the Economy and Finance No. 45 of 2007 and subsequent amendments).

For civil servants under a fixed-term contract of not less than three years, the multi-annual loan is granted only for the duration of the years until the employment contract expires.

Pensioners who are former employees of public institutes are registered only if they submitted the claim to enrol in the Credit Fund upon submission of the retirement claim, in the terms and in the manner provided for by ministerial decree no. 45 of 7 March 2007, and subsequent amendments. The pensioner enrolled in the Credit Fund pays the contribution by deduction from the pension at a 0.15% rate.

For pensioners, former public officials, retired before the entry into force of ministerial decree 45/2007, the deadline for the claim to join the Credit Fund expired on 31 May 2008.


The claim must be submitted within one year of the event and/or the related expenses-related documentation.

The claim must enclose documentation that attests to the state of need, any expenses (according to the reasons laid down in the regulation) and a medical health certificate. The certificate must be issued, within 45 days prior to the claim to the INPS Civil Servants' Pension Scheme by the ASL medical-legal consultant or by a military doctor in service or by a doctor appointed by the applicant's administration (article 15 of Presidential decree no. 895 of 28 July 1950).


The claim must be submitted online by following the user manuals for multi-annual loans for those enrolled and multi-annual loans for pensioners.

The members must present the claim to the relevant administration which transmits it electronically to the INPS.

Pensioners enrolled in the Credit Fund can submit their claim to the INPS:

  • by accessing the dedicated on-line service;
  • by phoning the contact centre at 803 164 (free from Italian landlines) or 06 164 164 from mobile phones;
  • by electronic services offered by patronage institutes and intermediaries thereof.