Consumer credit solutions dedicated to young people are on the rise and Compass proposes Young, the financing for age groups under the age of 32 and economic and working conditions typical of this part of the population. The product is oriented to containment of the installment and therefore of rather long duration.
Features of Compass Young
The loan can only be requested by adults who have not yet reached 32 years of age. The formula adopted for the installment is of an increasing type, therefore light payments at the beginning and a gradual increase throughout the amortization plan, almost reflecting the desirable increase in income linked to the career advancement of the applicants. The maximum amount payable is € 20000, with a repayment articulated in a period ranging from 24 months to 84 (seven years). The minimum amount is instead of 1000 euros.
The fixed interest rates are, for promotion, of 16.46% (tan) and 17.76% (maximum APR).
Delivery times are very rapid, in some cases even within 24 hours of the request being presented.
The credit will be made by check or directly to a current account by bank transfer. The installments may be reimbursed by rid or by going to post offices or Lottomatica sales outlets with the Compass bulletins. The loan is optionally supported by an insurance policy which intervenes in the event of the impossibility of repaying one or more installments.
Who can apply for Compass Young
The loan is destined, as seen, to people who have not yet completed the 32nd year of age and who are able to produce guarantees of an income type, so a pay slip if one is employed or the tax return for the self-employed . Italian residence is required, for foreigners this must have been acquired for at least one year and the residence permit must be in order.