Assignment of the Fifth or payday loan: the constraints that limit the choice

Assignment of the fifth and payday loan: the differences

Assignment of the fifth and personal loan: the differences

Both the Assignment of the Fifth and the payday loan are fixed-rate loans but, once this analogy has been set aside, the two forms of credit differ in many aspects. Let’s see them in order.


The Assignment of the Fifth can be requested by employees and pensioners , the payday loan is also open to those who are precarious or temporary.

Age limit

The Cession of the Fifth has a higher age limit (85 years) , while the payday loan is not granted beyond the 70-75 years of age.

Maximum limit

The Fifth Assignment can pay variable amounts, but still higher than the payday loan. In fact, with the Cession of the Fifth up to 75,000 USD can be obtained , the payday loan limit is instead set at 30,000 USD.

Method of collection

The Cession of the Fifth has a practical and safe reimbursement system : the installments are automatically deducted from the salary or pension, avoiding the risk of falling behind with payments. In the case of the loan, you can instead choose whether to have your current account debited, or make a monthly payment.

Amount of the installments

The Assignment of the Fifth ensures light installments and at our reach, never exceeding one fifth of the salary or pension (20% of the net in payroll or pension). In payday loans, the amount changes instead based on the sums paid out and the duration of the loan, so you should always check to sign sustainable agreements.

Customer solvency

Due to the guarantee offered by salary or pension, they can apply for the Fifth Assignment too bad payers and protested . payday loans, on the other hand, require an investigation into the solvency of the customer which can delay or hinder the granting of credit.

When is the choice obligatory?

When is the choice obligatory?

From what we have just seen, it is clear that not everyone can freely choose one or the other form of financing. payday loans are in fact the only viable option when you cannot count on a stable work contract or a pension.

For all the others the most convenient solution is the Cession of the Fifth . In addition to offering a line of credit even after 75 years , this particular form of financing makes it possible to request up to 75,000 USD and is open to protesters and bad payers. But that’s not all, thanks to simplified telematic practices, loans with the bank are disbursed in a very short time and include insurance coverage to protect the applicant and his / her family.

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