The best loans without interest are here

If you are looking for cheap loans, now you can get credits without having to pay even one euro more. Thanks to the great competition of the financing market, discover which entities have offers that will allow you to obtain loans without interest or commissions and in just 15 minutes.

How did interest-free loans arise?

Due to the growing popularity of new financing methods and the consequent increase in the available supply, many lenders have launched new offers and promotions to differentiate themselves from their competitors and attract new customers. In general, they have decided to lower the price of their loans, but some have also dared to go one step further and offer free credits, that is, free of interest and commissions. If we hire one of these loans without interest, we will only have to return the amount that they lend us, without having to pay costs of any kind.

Currently, both banks and private equity companies and the financial services of some businesses can grant us this kind of loans, although we should always be cautious with the adjective “without interest” since it can lead to deception. This is because the interest does not meet all the costs that a loan may have since we can find commissions, liabilities and other expenses that could increase the price of the loan and that are reflected in the variable TAE (Annual Equivalent Rate).

If we focus on the free minicréditos, yes we can say that they have a price of 0% APR, that is, they will not apply interest on the borrowed capital or force us to pay any commission or hire a linked product. However, it is important that we are aware of the conditions to access these promotions, because, if we do not comply, they could automatically activate the generation of ordinary interests, which will cause us to pay an extra fee.

Types of loans without interest in the current market

Types of loans without interest in the current market

Within the Spanish financial market, several types of interest-free loans are commercialized designed to cover different consumption needs at zero cost. Each of these credits has certain conditions and advantages, so before choosing a product or another, it is convenient to assess which are the ones that best adapt to our economic profile and our personal situation. Next, we show all the types of loans that we can request if we want to obtain financing without having to pay a single euro in interest:

  1. Free mini-credits: these are the best-known free financing products. With these products, we can get between 50 euros and 1,000 euros to return in a maximum of 30 days, although most mini-credits without interest usually do not offer amounts greater than 300 euros. They are requested through the Internet and entered into the client’s account in a matter of minutes. In addition, they do not have additional fees or other costs, so we will know what we will pay for them from the start. By not having commissions of any kind, when they have no interest, they will be completely free.

  2. Personal loans without interest: these loans are granted by financial institutions and also by private equity companies. Normally, in these credits, 0% is about the interest rate, which does not mean that the loan is totally free. It is likely that we have to face the cost of commissions that are included in the APR, which will make the loan is not completely free. Therefore, it is important that we take this value as a reference and not just the TIN and calculate if a loan without interest, but with commissions will be cheaper than a loan with low interest, but without commissions.

  3. Loans with a specific purpose: private lenders and banks present certain types of interest-free loans, as long as we use them for a specific purpose. The most usual is that it involves credits for the financing of taxes or the advancement of a positive result of the declaration of income, payroll advances or loans to study with an interest rate of 0% TIN.

  4. Credits for the consumption of large stores: these are loans offered by companies that are not financial in nature such as Alcampo, Ikea, El Corte Inglés or MediaMarkt. These companies could offer us to pay for the products in installments without having to see the final price of the purchase fattened. Often, instead of offering us the money, they will directly give us the good that we want to buy and for which we will pay monthly payments until the amortization of the financing.

Depending on our need to obtain financing, it will be more appropriate to resort to one type of loan without interest or another. The amount we can ask for, the term and the repayment conditions can make a loan suitable for one client not for another. Therefore, it is important to know all the options that the market presents to us, as well as to analyze our personal economy so that we narrow down the number of loans that best adapt to our current situation.

Another type of interest-free financing: credit cards

Another type of interest-free financing: credit cards

As we have seen, the current market offers various types of interest-free loans, but sometimes they are not completely free but are cheap loans. Therefore, there is another option offered by banks to finance our purchases without interest and this product is the credit card.

Contract Compare

Credit cards offer us the option to postpone the payment of our purchases since the money we pay with them will be extracted from a line of credit and not from our own account. Once a month, the credit line will be renewed, being able to pay all the amount that we used the previous month, an action that does not involve interest or any surcharge. If we prefer to amortize in installments the money we have used from the line of credit, we will have to pay the interest generated during the repayment period, which revolves around 21% APR, according to the Bank of Spain study.

In addition, today it is easy to find free cards in the market, so we can get one that does not include fees for issuance or maintenance so that we can have a payment method that costs us practically no money. However, to enjoy some advantages offered by credit cards, it is necessary to finance a purchase in monthly installments. This is usually a requirement imposed by the banks that market these credit cards. The interest-free financing to which a card gives us access can be useful especially for purchases that do not go too high budget because this way it will be easier to recover the money used and meet the corresponding payment.

Watch out! Not all loans at 0% TIN are free

In general, all minicréditos without interests that are commercialized are totally free, since these products rarely include other additional expenses. Therefore, if we hire one of these loans at 0%, we will only have to return the money that the company has given us, without having to pay a single cent more. On the other hand, some of the interest-free loans that banks offer are not really free, since despite having a 0% TIN, within their “small print” they include commissions and other costs.

Thus, before proceeding with the request for an interest-free loan it is advisable to make sure that we fulfill the necessary conditions to access the promotion. In addition, it is important that, like the TIN, the APR is also zero, which will mean a real free loan. Next, we can see the main aspects that make a credit without interest have a cost for the client:

  1. Attention to the commissions! That the TIN of a credit (the interest charged to us) is 0% does not indicate that it is going to be a free loan. Financial institutions, especially banks, can include commissions that convert our interest-free loans into an expensive financial product. These commissions can be negotiated to be reduced or eliminated, even some entities will allow us to finance them with the rest of the capital loaned.

  2. Beware of not fulfilling the conditions! Some interest-free lenders will ask us to meet certain requirements to get that financing. This is the case of many mini-credit companies, which only eliminate interest if we are new customers of the company. If we do not comply with these conditions, we will be charged the usual fees of the financial institution, which in the case of mini loans, are around 1.1% daily.

Even though the loan is at or% TAE, it is important to remember that we will have to meet the requirements that the lender puts us to take advantage of this promotion. Otherwise, we may have to assume the normal payment of interest and credit fees. For example, if we have to return the capital in a different period than usual to take advantage of the offer and we overcome it, we will have lost the right to enjoy a loan without interest and we will have to pay the usual ones.

What happens if I do not return an interest-free loan?

Before hiring any financing product, whether it is a loan without interest or a conventional loan, it is absolutely essential that we make sure that we can return all the money without problems and within the established period. In the specific case of interest-free loans, even if these products are totally free, if we do not pay the installments on time, we will also be charged commissions, penalties, and interest for late payment. Depending on the type of credit without interest that we hire, the penalties for non-payment will be one or the other, although the vast majority of loans coincide in the following protocol:

  • Interest delays: once we exceed the agreed term, the lender will begin to apply interest for delay automatically. These interests may exceed up to 2% the ordinary credit, according to Law 16/2011 of June 24, consumer credit contracts.

  • Commission for claiming debtor positions: this commission will charge us for the fact of having to contact us to let us know that we have a debt to them. It is usually a fixed amount (not a percentage) that ranges between 20 and 40 euros, depending on the lender we go to.
  • Enroll our data in a register of defaulters: if we continue without paying for more than a month, the entity to which we owe the money can tell us their intention to sign up for a delinquency database. If we appear in lists like ASNEF or RAI, our options of obtaining financing in the future will be greatly limited.

  • Claim the payment of the debt by judicial means: the last resource that the companies will carry out is to initiate a legal demand. It is always possible to avoid this consequence if we start a negotiation to reach an agreement in a friendly way. Thus, we will avoid the possible penalties imposed by the judge, as well as the expenses involved in the trials regarding lawyers and time invested.

In some cases, however, some companies will give us an option that will allow us not to incur the non-payment of their interest-free loans: extend the return period. In this way, we will have a few more days to pay off the debt and we will not have to face the cost of penalties for delay. However, we will have to pay a small surcharge, although its cost will be much lower than the interest and the delay fees.

Forms to get loans without interest

In order to apply for the financing we are looking for, simply fill out an online application form. This form, in addition to detailing the amount and term of the loan that we want to hire, will also help the lender to analyze our profile and decide whether or not to approve our request. In general, the forms will ask for the same information in order to carry out their analyzes:

  • Gives personal too: full name, identity card number, date of birth…

  • Contact information : telephone, address, email …

  • Labor situation: type of work, type of contract, seniority in the company, sector …

  • Economic situation: monthly income and expenses that we have.

  • Offer: some companies will allow us to obtain discounts thanks to a promotional code or other promotions to obtain interest-free loans, although it will not always be necessary to carry out an action to reach it since they will be activated automatically.

Loans without interest may, on occasion, require us to enter a promotional code to access your offer. In addition, they may ask us to adjust to a series of conditions to obtain the elimination of interest, such as hiring a linked product such as insurance or a credit card. However, the most common is that we get this discount automatically when applying for funding, but it is important to be aware of the requirements of these credits so as not to surprise us at the time of reimbursement.

Requirements to request free credits

The requirements that must be met to be able to contract an interest-free loan are practically the same as those that would be required if we wanted to access a conventional loan. These conditions will be more or less strict depending on the criteria of the entity to which we go and the amount of money we need to finance our project, although usually we will not have problems to obtain interest-free loans if we meet these points:

  • Being a Spanish resident: we must live in national territory permanently and have a document such as the DNI or the NIE to access a free credit.

  • Have regular income: logically, we have to show that we have a source of income that allows us to pay the installments without problems. It can be either a payroll or a pension or what we perceive as self-employed and, in the case of interest-free mini-credits, up to an unemployment benefit.

  • Be of legal age: although many lenders will ask us to overcome the 21 or 25 years depending on the risk policy they have. Likewise, many entities establish a maximum age to request their services, which is usually around 75 years of age by the deadline date.

  • Not appear in a file of defaulters: banks and most private companies do not grant financing to those registered in defaults files such as ASNEF or RAI. However, there are a few companies that grant loans with ASNEF.

If we meet all the requirements demanded by the lender, in principle we would not have to find problems to obtain the loan without interest. It is likely that if we request a greater amount of capital, we are required to have more conditions to obtain the product we want. This is explained by the risk assumed by the company, which is greater if it lends more capital because it risks not being reimbursed.

Documents to request interest-free loans

When we need financing, with or without interest, we will be asked to provide a minimum documentation so that the lender can verify that we are who we say we are, as well as the truthfulness of all the personal and economic data we have given during the completion of the online form. Although the required documentation may vary depending on the entity that we go to, the amount we request and the purpose for which we ask for it, these are the main roles that they will ask us for:

  • Identity document: we must present the DNI or the NIE in force to verify that we are of legal age and permanently resident in Spain.

  • Proof of income: this document will serve to let the entity know our usual income and expenses. Sometimes they can ask for the last two or three payrolls, for example.

  • Bank statement: in which the account number and the owner must appear. This document will allow the lender to perform an analysis of our savings capacity and verify that we are the holders of the account in which the loan will be made.

Generally, the documents that we have just seen will be enough to prove to the entity that we are solvent to repay the loan, although if we resort to our bank it is probable that they already have the necessary information to determine if we have solvency, so it will not be necessarily present these papers. However, if we want interest-free loans for a specific project, they may ask us for proforma invoices or any type of project budget.

Do the credits have free tricks or are they really free?

The credits that are announced as free or without commissions are products that generate many doubts about whether they are really free of costs and, as is logical, many consumers do not completely trust these offers. Therefore, it is essential that we know all the conditions of the loan so as not to take us any surprises. In the following video, the CEO of, Laurent Amar, answers two of the most common questions about these credits: can we trust free loans? What do we have to watch when we hire them?

In addition, to get personal loans without interest we will have to comply with the general requirements of the promotion that allows us to obtain this free financing. If we do not comply with these conditions (use the money for the given purpose, return it within an agreed period or be new clients), we will be out of the offer and we will have to pay the ordinary interest on the loan.

When will the money come from the interest-free loans?

When will the money come from the interest-free loans?

Many interest-free loans are really quick loans that are hired to solve economic unforeseen events in minutes, so the objective of those who ask for these products is to have the money in the account as soon as possible. However, there are some cases in which the transfer of credit can be delayed. To avoid these situations, before processing the application, we recommend downloading the free guide, “When will the money from your mini-credit arrive?”, Prepared by the experts of, with which we will be able to know how long it will take to receive the loan proceeds, what the speed of concession depends on and to whom we must go to get approval immediately.



  • Need urgent liquidity for your sudden need?
  • Are you looking for the best solution that can guarantee you quick times in obtaining it?
  • Better to request a fifth transfer or a personal loan?

Before embarking on a request, stop and think carefully about what financing is best suited to your needs and that can guarantee you the right economic conditions, with a sustainable installment and the amount you actually need, without having to meet too many deadlines long- Green-Touch webpage.

How long does it take to get a personal loan?

It is often mistakenly convinced that applying for a personal loan is the most immediate solution to one’s liquidity needs with respect to the transfer of the fifth ; It is true that after having received the necessary documentation, most of the financial take about 48 hours to communicate the outcome (positive or negative to the client), followed by the signing of the contract and the crediting of the requested amount.

On balance and at best, the customer obtains the money requested on loan in about 7/10 days, but when there are problems during the investigation phase (request for a guarantor, in-depth checks, etc.) this timing inevitably lengthens.

For example, those who already have other loans in progress, for example, may find it more difficult to have a positive response to their loan request in a short time, because the bank needs more guarantees, precisely because of its economic exposure.

Assignment of the fifth: request process and advantages

The sale of the fifth is a type of loan often not taken into due consideration because we are led to believe that the process to be followed is much longer than the Personal Loan and complicated before being able to have the liquidity that is needed. It’s not absolutely true!

Before “demolishing” this mistaken belief, we briefly explain what it is, to whom it is addressed and what are the actual benefits.

The transfer of the fifth is a form of credit dedicated to employees (public, state, private) and to pensioners Inps and former Inpdap; has a maximum duration of 120 months, allows for the payment of high amounts and the monthly payment, which can not exceed one fifth of the net monthly salary, is held directly in the paycheck/pension, to be then paid to the creditor body directly by the employer work.

It is a form of financing that can be requested even in the presence of outstanding loans or other loans in progress, reports in the database and protests.

With this premise, let us pause briefly to understand how to request and obtain a transfer of the fifth.

Assignment of the fifth: necessary documents, investigation, resolution, notification and crediting of the sums requested

To access the assignment of the fifth, it is necessary to provide:

  • The personal documents (identity card and health card)
  • Income documents (paycheck / pension slip)
  • Salary certificate or Ministerial Annex (Requested directly to the Agency by a delegation of the client and indicating the maximum installment that can be used for financing)

Once the documentation has been delivered to the Company / Financial Agency to which it is addressed, the desired financial plan is formulated and agreed, followed by the request for a resolution of the request, and subsequent signature of the loan contract.

At this point, who needs urgent liquidity, can request an advance on the amount previously defined and receive it in a few days, by crediting on their current account or by cashier’s check.

The last step that the Agency in financial activity will have to make, is to notify the contract of assignment of the fifth to its Administration of belonging to which the approval act is attached. At this point, the employer will countersign and return to the Funding Institute.

Upon receipt of this document, the loan is disbursed (or the balance if an advance has already been granted).

This procedure, compared to the personal loan, actually leads to believe that the times are much longer, but in reality, it is a wrong concept if you rely on an organized agency with a fast and efficient back office in carrying out the processing processes of the practice of Cession of the Fifth.

An office dedicated to the well-structured and expert investigation processes the requests more rapidly reducing the delivery times to provide a highly efficient service, especially in cases of extreme urgency.

Assignment of the fifth: how to obtain it quickly

Now the advent of the Internet and certified e-mail together with the centralized conventions with the public administrations and pension institutions (INPS), have brought a real revolution in the management of a practice of assignment of the fifth. This recent evolution, allows today, an immediate and precise exchange of documentation between the applicant and the chosen financial intermediary, so as to simplify and reduce the delivery times of the sums requested.

Just think of certified mail, an online transmission system that has the same legal value as a registered A / R, used today to transmit the contract of sale to the administration of belonging (employer), practically in real time to receive it in close proximity, signed with the same means.

But besides the aspect linked to the “technological evolution” on which the speed of the management of the assignment of the fifth is based , it is fundamental to rely on an organized and structured Agency in Financial Activity that communicates directly with the Financing Institute through procedures slender, fast and autonomous, without having to manage too many intermediate steps and get the resolution and the provision of the sums requested in a short time :

  • Approval in 24 hours
  • Delivery in 10/15 days (except in cases where the timing due to the release of the approval by the applicant’s administrations dilates the timing).

The applicant has only to present to the Financial Agency the personal and income documents, to await the resolution of his loan with a very short timescale, benefiting from attention, assistance, and availability throughout its duration.

What was the first bank in the United States


On January 4, 1782, the Bank of North America opened its doors in Philadelphia, becoming the first in the USA, although by that time the country was still involved in the War of Independence (which ended in 1783 despite the fact that the declaration of emancipation would have been made on July 4, 1776).

What was the first bank in the United States?

Until that date, bank loans had been in the hands of private lenders who had made usury a profitable business and it was for this reason that the Congress of the Confederation , created on March 1, 1781, urged to curb the speculation of those individuals who were enriched without any scruples and gave the green light to the creation of a national bank to carry out such transactions.

As a curious note, it is worth noting that the first daughter of Philadelphian politician William Bingham ( Ann Louisa Baring ) was born one day before the opening of the Bank of North America, so as a celebration the happy father decided to buy 9.5% of shares of the recently launched bank, something that made it, after the end of the War of Independence, one of the richest men in the United States.



The ‘Buen Vivir’, a forum that wants to change the global indicators of wealth

For the first time in Europe, elected representatives, local authorities, scientists, associations and committed citizens meet in what they have called the International Forum for Good Living , with the aim of reflecting on wealth indicators and acting together in the face of the need to a change of model.

It will be in Grenoble (France) on June 6, 7 and 8 and an extensive program of conferences, round tables, screenings, artistic interventions, workshops and debates open to all has been organized.

foro internacional para el buen vivir

For more than 30 years, numerous experiences have been applied to smaller scales that promote other “compasses” , trying to put at the heart of public action alternative indicators to GDP or complementary to economic indicators.

These initiatives question economic growth as the dominant objective of political, economic and social interventions and seek to measure well-being, human and social development, quality of life, living together, etc. So many invisible elements in the statistics of economic growth, as the organizers of this forum say.

The Forum will be focused on the “and after? “, That is, in the conditions for these alternative indicators to pass from simple observation indicators to indicators that influence individual, collective and institutional decisions.

“For all citizens committed to building a fair and sustainable society, it is time to lay the foundations for concerted action,” they say.

The International Forum for Good Living has been organized collaboratively by local governments (City and Metropolis of Grenoble), the university community of Grenoble (COMUE and the University Grenoble-Alpes); and civil society (CCFD-Terre Solidaire and the collective FAIR / Forum for other indicators of wealth). And to build the program, economic and social actors , researchers, elected representatives or citizens committed to these reflections have been invited to participate. They also invite researchers from the scientific community interested to participate in the scientific colloquium that has been planned to enrich the research work on these issues.

Car Insurance: New Type Classes for 2016 now released

With the new type classes 2016, which were published today, it goes in the motor liability insurance for 30 percent of vehicles in a new type class. In partial and comprehensive insurance, around 45 percent of the vehicles are even reclassified. Depending on the new type class, car insurance may be cheaper or more expensive in 2016.


Neue Typklassen 2016 primär für Teil- und Vollkasko Kfz-Versicherung
New Type Classes 2016 for Casco and Liability Insurance

The new type classes for 2016 are here. While drivers whose vehicles are being downgraded to a lower-end type can hope for lower premiums for their car insurance, car owners looking for vehicles with a higher car class from 2016 onwards will have to expect higher premiums . However, changes in the type class “do not allow conclusions about the development of the total motor insurance contribution,” according to the German Insurance Association (GDV), which published the type classes for 2016 today. Because the amount of the insurance premium depends on several factors. Nevertheless, many drivers are interested in the respective class of their car.

Update September 7, 2016: The type classes for 2017 are now fixed.

Type classes 2016: What changes are there in motor insurance?

For policyholders insured by motor insurance, there will be little change in 2016. About 14 percent of the vehicles are downgraded to a lower type class and 16 percent are upgraded . Significantly more changes are in the partial and comprehensive insurance. Almost every second vehicle gets a new type class. This means a better categorization in figures for 8.6 million vehicles in the fully comprehensive (VK) and for 5.3 million vehicles in the Teilkasko (TK) from next year. A worse, higher class, however, results for “just under 800,000 fully comprehensive and almost 300,000 partially covered cars”, so the GDV.

For example, these vehicles will be reclassified:

New type class 2016 motor insurance

  • Ford B-Max 1.0 (-2)
  • Audi A3 Sportback (-2)
  • Golf VII Estate TDI (-2)
  • Skoda Octavia 1.2 TSI (+1)
  • Mercedes C 180 (+3)
  • Kia Carens (+2)

New type class 2016 Motor vehicle insurance

  • Opel Mocha 1.6 (-3 VK, -1 TK)
  • Seat Leon 1.4 TSI (-3 VK)
  • Subaru Forester 2.0 D (-3 VK)
  • Nissan Qashqai 1.6 DCI (-4 VK)
  • Suzuki Alto 1.0 (-1 VK, 3 TK)
  • Range Rover Sport 3.0 TD (+2, +5 TK)
  • BMW 420 D Coupe (+2 VK)
  • Jaguar F-Type Roadster (+1 VK)
  • Mazda 3 FLH 2.0 (+5 VK)
  • Lexus RX450 Hybrid (+4 TK)
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Which type class does my car have 2016?

Anyone who wants to know which type of vehicle his vehicle will have in 2016 can turn to the type class index of the GDV. For this, owners need the key numbers of the manufacturer and the type that drivers find in the vehicle registration.

In order to determine the type class for the respective year, the vehicle damage and repair costs of the last three years are compared with those of previous years. If less damage has been regulated, the corresponding vehicle type will fall into a lower class. In case of more damage, an upgrade will take place. In addition to road accidents, car insurance, fires, broken windows and damage caused by natural disasters also play a role in the balance sheet of comprehensive insurance .

Here you can find tips and more information about car insurance.

They prepare the presentation of the first class action lawsuit against the IRPH of mortgages

Stop Desahucios se manifiesta frente a la sede de Kutxabank

Members of Kaleratzeak Stop Desahucios and IRPH-STOP of Guipúzcoa participate in a rally in front of the Kutxabank headquarters in San Sebastián. Juan Herrero / EFE

When hiring a mortgage almost all families opt to do so at a variable rate and linking to the Euribor. But this index is not the only one in the market. The second most used mortgage index in Spain is the Mortgage Loan Reference Index, the IRPH. However, this has been a trap for more than 1,300,000 families . Now comes the first class action against IRPH.

A family with IRPH pays about 200 euros more per month than the one that opted for the Euribor In November 2013, the Ministry of Economy repealed the old IRPH-Cajas and reformulated the calculation method of the IRPH-Banks, renamed IRPH -Entities . The IRPH fixes its value based on the interest applied by the financial institutions on mortgages granted for more than three years, including commissions.

In recent years has quoted around two points above the Euribor. For example, according to data from the Bank of Spain, the Euribor closed in July at -0.056% and IRPH did so at 2.007% after three months of increases. The consequence of all this is that each family that has signed their mortgage with IRPH pays at least 200 euros more per month than the one that opted for the Euribor.

In this scenario, the affected people were soon grouped. After many demonstrations, the first class action now comes. The Association of Financial Users (Asufin) completes the one that would become the first class action in Spain to demand the nullity of the IRPH and the return of the interest charged “in excess” . The association, which includes more than 2,000 people, has argued that the legislation is “absolutely clear” in this regard, so if the IRPH is considered abusive, its effects are “null” from the first moment and corresponds to the return of the money paid as interest.

The boxes imposed an abusive index on mortgages Asufin refers to several judicial rulings that have been given. In 2013, a judge in Collado Villalba (Madrid) suspended the execution of a home for non-payment of the mortgage, considering that the loan contract had abusive clauses. Among the conditions considered injurious to the mortgaged one, the magistrate included the IRPH , the index to which the credit was referenced. The sentence considered it abusive. It was the first time that a judicial ruling considers it so.

This same year, the Provincial Court of Álava annulled in a judgment the IRPH Entities to which the mortgage of a client was referenced and the IRPH Cajas established as a substitute index. The sentence condemned Kutxabank to return , retroactively, all the interest charged on the loan.

“The boxes not only abused the preferred ones, they also imposed an abusive index on the mortgages, the IRPH, which is causing serious damage to families,” denounces Asufin’s president, Patricia Suárez. The association foresees that the demand groups thousands of people affected . To facilitate this, he has created a website dedicated to the demand.

The IRPH reaches the parliaments

Last week ten parliamentary groups of Podemos registered in their respective chambers an initiative claiming to the Government of Spain the derogation of the Reference Index of Mortgage Loans , interest rate that they consider a “big scam” for “abusive, manipulable and opaque”. According to Podemos, banks raise this index to compensate for the drop in the Euribor, which means that people who have their mortgage referred to IRPH “pay more between 200 and 300 euros per month”, since they are at least two points above the Euribor, becoming “in many cases the gateway to eviction.”

The initiative of the purple party has already been approved in Cantabria and La Rioja , in both cases unanimously, and has also been presented in Aragon, the Balearic Islands, the Canary Islands, Castilla y León, Alava, Guipúzcoa, Murcia and the Valencian Community, pending debate .

More information about:

  • IRPH

The judge of the Invercaria case files the case against two accused for the aid to EDM

The judge in Seville investigating the irregularities in Invercaria has filed the case against two of the six charged for the participative loans worth 1,180,000 euros that this public venture capital investment company granted in 2008 to the company Electronics Devices Manufacturer SA (EDM).

The judge in Seville investigating the irregularities in Invercaria has filed the case against two of the six charged for the participative loans worth 1,180,000 euros that this public venture capital investment company granted in 2008 to the company Electronics Devices Manufacturer SA (EDM).

In this sense, sources of the case have indicated to Europa Press that the judge of Instruction number 16 of Seville, Juan Gutiérrez Casillas, has filed the case against Manuel Jesús Rodríguez Rodríguez, former director of investment analysis of Invercaria, and against Diego Ignacio Fernández Ramírez , who was part of the board of EDM.

The magistrate considers that none of them "has any connection or relationship" with the facts that are investigated in this separate piece, in which the former president of Invercaria Tomás Pérez-Sauquillo is accused.

Last week, Pérez-Sauquillo defended that Invercaria acted "correctly" by granting EDM two participative loans for a total of 1,180,000 euros, stating that it granted these grants "when the company had the best economic data", with eight million euros. euros of own funds and a turnover of around 52 million.

In this sense, Pérez-Sauquillo said that, against this, other entities granted loans for a total value of between 15 and 20 million euros to EDM, a company already extinct, at a time when it "presented worse economic data "that when Invercaria granted the two referred participative loans.

"I've been imputed for three years" and I still do not know why "

For all this, the former president of Invercaria asked himself "what economic interests" could be behind all this and said, likewise, that he has been imputed for three years in the case "and still does not know why".

We must remember that Pérez-Sauquillo is charged in the six separate pieces that the judge of the Invercaria case has opened up to now, as are the main cause and the pieces opened for the aid granted to Fumapa, Juana Martín, EDM, International Virtual Fairs of Andalusia (FIVA) and Andalusian Air Operators.

Three representatives of EDM are also charged in this case, among them the one who was the company's top shareholder and CEO, Juan Ruiz Cobo, who in his statement stated that he "knows" the former president of the Board of Directors Gaspar Zarrías – cited as imputed by the Supreme Court in the case of irregular EREs- and that "only maintained" with him "a conversation in July 2006" to the effect of EDM "

Specifically, and as he stated before Judge Juan Gutiérrez Casillas, he spoke with the ex-counselor "to set in motion the special employment centers," although he specified that in that conversation "Invercaria was never mentioned."

The police report

According to the report prepared by the Money Laundering Group of the National Police of Seville, consulted by Europa Press, Pérez-Sauquillo granted a first participatory loan of 450,000 euros to EDM, while the board of directors of Invercaria agreed to grant a second loan. participative amount of 730,000 euros on the same day as the first one.

According to the instructor, "for the granting of the analyzed loans has not been found, in the analyzed documentation, any investment proposal prepared by Invercaria, as well as no positive report of the investment committee", adding that, in the analysis documentation for this investment made by Invercaria, "the sales figures provided by EDM for 2008 are valid, despite the strong deviation observed in the first four months."

After noting that "this deviation is omitted in the proposal submitted by Invercaria for authorization to the IDEA Governing Council", the judge asserts that the first operation progress report (IPO) "is prepared the same month that EDM submits the declaration of competition of creditors and eight months after the granting of the loans ".

"serious irregularities"

This report, commissioned by Invercaria to Deloitte after the granting of the loans, "shows that, two months after said concession, the management of EDM and its group of companies show serious irregularities, as well as its precarious economic situation" , noting that said report "should have been made prior to the granting" of the loans.

In addition, the judge indicates that the commercial activity of EDM "was the object of investigation by the Tax Agency when detecting serious irregularities in billings with third parties", facts "that were brought to the attention of the judicial authority".

The instructor concludes that Invercaria granted two loans for an amount of 1,180,000 euros to EDM "without the preparation of a proposal and without a positive report of the investment to a company in which, in a report requested by Invercaria, it is detected, little more than two months after the financing was granted, serious irregularities in its management and an economic situation of such precariousness that, eight months after the financing, it presents bankruptcy. "

All this "without that both circumstances have been previously warned by Invercaria, and in which the commercial activity of the managers has had to be submitted to the judicial procedure," says the judge, who considers that there are indications that the accused may have incurred in crimes of embezzlement and falsehood.

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