Competitiveness: loan comes from insurance companies


“Competitiveness”: loan comes from insurance companies


Still in draft, but almost ready for signature. This is why the news, of the very important ones for the business loan world, is about to be finalized. If the operation of the “Competitiveness” will be officially defined, Italian companies will find themselves in a liberalized loan market , where they can apply for loans to new subjects over banks: insurance companies, loan funds and securitization companies.
With this measure, the government intends to release at least 20 billion euros of loans.

The operation, which has been discussed for a long time and which involves an application that is certainly not simple, would be essential for companies to definitively take the exit tunnel from the loan Crunch . As explained in an interview with account Fabrizio Pagani , head of the technical secretariat of the Ministry of Economy: ” We need to make a cultural leap: the goal is to reverse a trend that sees the saving only fundamentally finance the corporate Italy, preferring instead foreign instruments or more traditional channels such as government bonds “.

The goal is to bring the enormous amount of liquidity that flows into the system into business , but which has not yet found the optimal investment conditions. In fact, the direct granting of loans to companies is currently precluded at Fondi e assicurazioni.

But what role will the banks have? And who will deal with defining the constraints if not the Bank of Italy? Mara Monti, on today’s account , explains the possible functioning and points of attention of what is a long-awaited change:

the bank centrality in identifying the companies to be financed is a pivotal point on which the technicians will be expected to define secondary legislation. The decree provides that it is up to banks to select the subject to be financed, while maintaining direct involvement in the transaction. According to the prevailing interpretation among the insiders, the role of the bank in the provision of new loan could be incardinated at the time of the organization of the transaction: the bank structure the deal that is financed by other investors, insurances or funds. Or the bank maintains a significant economic interest in the transaction by participating in the loan and taking on part of the risk.

The internal control system and risk management will continue to be firmly in the hands of supervisors, thus avoiding the proliferation of forms of wild loan. If the Bank of Italy does not fail to have a supervisory role on the subjects financed through the control over the Central loan , for the assurances it will be up to the Ivass to establish the conditions and operating limits for the granting of loans …


What is (a technical definition) and how much is the p2p loaning in Italy


What is (a technical definition) and what is the value of p2p loaning in Italy

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The p2p loaning is a type of crowdinvesting : that is a form of crowdfunding, in which the remuneration of the capital is presented to the investor (this is the same as the collection of financial resources by a company (or an individual). definition given by the Crowdinvesting Observatory of the Milan Polytechnic).

A key element is the presence of an enabling platform which, through the Internet, is able not only to connect the company and the investor, but also to finalize the investment. In addition to p2p loaning, equity crowdfunding (that is, the collection of money through the direct subscription on the web of shares in the capital of a company) and invoice trading (the sale of a commercial invoice through an Internet portal) are forms of crowdinvesting. that selects the opportunities and replaces the traditional invoice discount implemented by the banks to support the working capital Investors anticipate the invoice amount, net of the required remuneration).

Equity crowdfunding is the one to which, even from the point of view of government actions, the greatest attention is paid: the Stability Law 2017 has extended the opportunity to use it, previously reserved for startups and innovative SMEs, to all SMEs , as long as the campaign is conveyed on authorized platforms. Another significant element was the 30% increase in the tax deduction for investors. loaning and invoice trading are instead almost ignored from an institutional point of view. Nevertheless, these are the two main sectors: in particular, according to data from p2ploaningitalia , the total amount disbursed by inception from p2p loaning broke through the threshold of 200.4 million euro , with a quarter-on-quarter growth of 24% and year on year of + 222%. Of these: 90.9 million relate to the four platforms operating in the Personal Loans segment, while the remaining 109.5 million relate to the four platforms specialized in Loans to Businesses. The disaggregated analysis of this segment shows an increase in volumes of € 20.3 million for loans to companies (medium and long-term). The Invoices Discount sub-segment, on the other hand, shows an increase in receivables from inception to € 89.2 million .

The companies financed were 366; 32 in the last quarter, with an average ticket of around 150 thousand euro, quadrupled year on year. Over 2 thousand invoices sold by companies to invoice trading platforms.

Only in the third quarter of 2017, new loans amounted to 40 million, 136% more year-on-year. Only in the first nine months of 2017 the Italian marketplace has raised over 105 million and Italy has confirmed itself as the fastest growing market in Europe.

What is missing now? A legislative and fiscal reform that definitively “sdogani” this new asset class, eliminating the disadvantages that exist today without renouncing the transparency of the market for retail.



Loan for startup? The opportunities of a guarantee fund


Loan for startup? The opportunities of a guarantee fund


” I have just opened my company, it is still in the startup phase, but I have difficulty accessing Loan: what are the possibilities? “

This question is often asked of young entrepreneurs who are looking for a way to finance the initial expenses of their business. At a time when it is not easy to access Loan (see under #Loancrunch), when approaching a financial institution it is often advised to support the request with guarantees. Of the most important we have talked about in a chapter of our initiative #MeritoLoano . But today we are examining the most effective guarantee for access to Loan for startups : the State Guarantee Fund (Law 662/96).

We have already discussed the topic “state guarantee” on these pages, both in relation to the methods of access , and on the very positive trend of access to the guarantee that is occurring in the first months of this 2014 . Today we see how young companies can access the Guarantee Fund, which is in effect the most important subsidy currently on the Loan market.

While companies started for at least 3 years can be assessed on the basis of the last 2 financial statements / tax returns filed, startups can request access to the guarantee by completing a business plan according to the format provided by MISE (Ministry of Economic Development). The innovative startups , registered in the special section of the business register, can instead access the guarantee free of charge, with priority over other interventions.

As pointed out by the head of the MISE technical secretary Stefano Firpo , in an interview with EconomyUp, thanks to the Fund, in less than a year 128 applications were submitted by 111 innovative startups and guarantees for 44 million allowed the disbursement of 55 million Loan. The same Firpo specifies how to present the application:

The company can not forward the application directly to the Fund. It must contact a bank to request the loan and, at the same time, request that the guarantee be acquired directly from the loan. The bank itself will deal with the application. Alternatively, the company can turn to a Confidi that guarantees the operation in the first instance and requires counter-guarantee to the Fund … continue reading the interview on EconomyUp


Being able to loan more is not a solution for starters

According to Bank, more money to borrow for starters does not solve the problems in the housing market. There is already talk about a broadening of the loan standards. But that will not improve the affordability of starter homes.

This will bring Bank (the budget information institute) to a roundtable discussion during a number of days and in that of the general committee for Housing and the Central Government Agency. Bank will propose to allocate just a portion of the housing stock exclusively for starters.

Distinction between singles and two-earners

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The institute (Bank) makes a distinction between two-income households and singles in order to clarify the problems on the housing market for starters. For example, two-income households from whom both partners earn a minimum wage can now take out a mortgage of 175,000 euros at an interest rate of 2 percent. For such sums, enough houses in the Netherlands are for sale.

Update: Two earners can borrow 170% for their new home.

Starters have a strong preference for renting

Many starters have a strong preference for renting above buying a house, according to Bank. These people are more or less forced to buy, because too few affordable rental properties are available. According to Bank, buying a house at a young age is normal in the Netherlands. It is a culture-based custom. This is precisely why house prices in the Netherlands are rising for cheaper homes.

Broadening loan rules is of little use since people already have money left

An expansion of the loan standards for starters does not make much sense, according to Bank. They note that the majority of tenants with a low income already have money left. In this case they are talking about incomes of two-income households up to a maximum of 35,000 per year.

More affordable rental housing as a solution for too high house prices

The solution is simple according to Bank. For example, there are many more affordable rental properties in the big cities. For example, starters are not obliged to buy their own home and there is more supply for the other group (the people who do want to buy a house). More supply and less demand, which irrevocably leads to lower house prices.


Generous loan

Generous loan is one of the lesser-known parties on the financial market. However, this party now has more than 20 years of experience in consumer loan for private individuals. Generous loan does not act as a lender, but serves as an intermediary between the consumer and various lenders.

It is important to mention that Bank not only focuses on large Dutch banks, but also on the more specialized lenders. After all, it is often the smaller parties in the financial sector that offer low interest to consumers.

In addition to the possibility to take out a new loan through Bank, this organization offers opportunities to transfer an existing loan . Crossing mortgages and loans can be interesting to reduce your monthly costs. When you transfer an existing loan, you take out a new loan from an organization with a lower interest rate. This loan is exactly as high as the loan that you still have to pay off at your current lender. By using the loan for the repayment of a current loan, you reduce your monthly payments. Generous loan can calculate for you whether this is interesting for you.

Personal loan and revolving loan

loan broker Bank can help you find a cheap personal loan or a profitable revolving loan . Before submitting a loan application, it is important to decide for yourself which type of loan best suits your situation. In the case of a one-off high expenditure, a personal loan is often the wisest solution. You take out a personal loan at a fixed rate in many cases. However, there are also parties that offer a personal loan for, for example, ten years, with the interest being adjusted after the first five years.

A revolving loan is interesting for consumers who regularly run into unforeseen costs or who have a shortage of cash. In this case, it may be nice to have a reserve on hand, in the form of a loan. The loan can be increased monthly up to a maximum amount. You also pay part of this loan and associated interest costs each month. In other words, the annual cost percentage . With a revolving loan, a variable interest rate is used, as well as that this type of interest does not have a fixed term.

Advice on loans from Bank

Requesting a quote for the desired loan is very simple with Bank. You can submit your application online, after which Bank will assess whether you are eligible for this loan. This depends, among other things, on your past, your current debts with other lenders and your income. Your proposal will be made on the basis of the assessment of Bank. Now it is up to you to decide whether you will immediately take out the loan via Bank or continue looking for it. The website of Bank looks somewhat outdated. This may be a reason to opt for another loan intermediary.



Bank home loan insurance: advice, advice, group insurance


If you have a real estate project that you can not fund in its entirety, you will necessarily have to resort to a mortgage.

  • If your personal bank, your advisor can make you a loan proposal. Knowing that Bank’s reputation for real estate loans is well established.
  • If your bank accounts are in another bank, you can also ask Bank to offer you an encrypted offer. On the other hand, if it suits you, you will have to open a Bank current account and transfer your income to this account.

Anyway the banker will address the subject of insurance related to this mortgage. Because no credit of this type is granted if a borrower insurance is not subscribed at the same time. (This is valid for all banks).

Of course, the insurance he will offer you is the one with which he is in partnership.

Is there a choice of borrower insurance or is it necessary to take the one offered by the bank?

There was a time when the bank imposed its insurance without the borrower having a say. It is now possible to choose the insurance company that you want to cover a loan.

Specifically, we advise you to make comparisons between several “quotes”, namely that proposed by the banker and those you have asked various insurance companies . And this, for the following reason: Strong savings are achievable by choosing the most competitive insurer.

Warning :

We have just explained to you that you have the right to take out the loan insurance you want. On the other hand, you must know that the bank still has a say because if it can not force his insurance, it is she who decides the necessary guarantees to cover the loan.

Therefore: The insurance you choose should contain the same guarantees as the insurance Bank has offered you.

The mortgage offer that your adviser gives you mentions these different guarantees. So when you contact insurance companies you just have to give them a copy of this document, so that they adapt their offers.


The insurance that Bank offers is a group insurance, This type of coverage is according to the profile of the borrower sometimes competitive. But in many cases, an individual insurance is more interesting in terms of cost. There is only one way to know the cheapest formula: Compare several insurance, compare it to that of Bank and opt for the cheapest.