Italy's national social security institute has overhauled operational rules for loans backed by pension deductions of up to one-fifth of income, shifting the entire process online under a new three-year framework running from May 2026 through April 2029.
Under the updated agreement, early repayment and contract modifications must be handled exclusively through digital channels, and switching lenders is now managed entirely online. Pensioner identity can be verified via a one-time password or by confirming the exact amount of a recent monthly payment. Participating financial institutions will pay the institute €2.03 per deduction operation, and INPS has pledged periodic compliance audits at partner firms.
Separately, August 2026 pension payments are scheduled for Aug. 1 at post offices and Aug. 3 for bank account holders, while tax credits from returns filed by May will appear in the August pay slip.