INPS: simpler loans with repayments of up to one-fifth of your pension – here’s what’s new

The operating rules for loans to pensioners, which can be repaid by direct deduction of up to one-fifth of their pension, have been updated. The INPS has announced this, explaining that the new agreement with banks and financial intermediaries is valid for three years, from 1 May 2026 to 30 April 2029, and is designed to ensure simpler, more straightforward and safer loan management for all citizens involved.

Among the main changes introduced to accelerate the digital transition and protect users, the INPS explains, “the requirement to use only the dedicated online channels for early termination or amendment of contracts stands out. Even the so-called ‘external renewal’ – that is, changing financial institutions – is now handled entirely online, with strict standards governing the specification of payment flows.

At the same time, to protect privacy when viewing the transferable portion of their pension, a pensioner’s identity can be verified in a flexible and advanced manner: in addition to standard identification documents, it will be possible to confirm their identity using an OTP code sent by the Institute or by stating the exact amount of one of their most recent monthly pension payments.”

To ensure maximum transparency, INPS will carry out periodic checks at participating institutions to verify full compliance with regulations on data security and confidentiality. As regards operating costs, participating financial institutions will pay the Institute a fee of 2.03 euros for each deduction transaction, whilst non-participating institutions will be required to pay a higher annual fee.