Best loans for 2016

If it is assumed that 2016 will be the year of the exit of the crisis, the sector of the loans should reflect it. Have financing conditions for individuals improved? What are the latest developments in the sector of personal loans? In this article that we will be updating every month, we review the best loans of 2016 so that you do not lose sag of what the financial entities offer-

How to value a loan

If you also need help to know which loan is the best or which elements are more important, we give you the keys to understand how to value a loan and know if it suits you or not. At this point the first thing is to be clear about what are the most important elements of a loan and the importance of each one:

Type of interest

It is measured by the APR is is the most common formula to compare and measure a loan. The truth is that the lower the APR, the better the general conditions of the loan and the less we will pay for the money they give us.

Opening commission

He left in the bubble times but he has returned. More and more entities that charge a commission only for accepting to lend money. This money, which is usually a percentage of the total amount borrowed, will have to be added to the TAE to know how much a loan actually costs.

Commission for cancellation

The commission can be partial or total. It is a percentage that, by law, can not exceed 3% in consumer loans at a fixed interest rate or 1.5% in those at a variable rate. In most cases, it will not apply, but we must take it into account if we plan to repay the loan before its estimated life ends.

Repayment period

It is the time that the bank gives us to repay the loan. The longer the term, the lower the monthly fee, but also the higher the total amount of interest you end up paying at the end of the life of the loan.

Monthly fee

It is what you pay each month and it comes from the mix between the repayment term and the APR. It can be used as an element to compare loans, but it is better to use the interest rate.

Of all the elements, the interest rate is the most important, because it will determine how much you pay for the money they lend you. The ideal thing to compare loans is to calculate the total amount of interest that you are going to pay, adding the interest rate and the commissions -especially the opening ones.

Finally, you should also assess if the entity forces you to have some connection with it in the form of a current and similar account and, in such case, study the conditions of the same.

Will they give it to me?

This is something you should ask yourself before looking for: What are my chances of being granted the loan? Why do banks grant or deny loans? The answer is relatively simple. The bank will lend you the money if you think you will give it back. Logically, every entity knows that there is a risk of default, but also does its job when establishing customer profiles and establishing who are more likely to be delinquent.

At the time of granting or not granting a loan, banks take into account the following variables:

  • Labor situation: logically, the more stable the labor situation, the better. An official or an employee of a multinational have more options to get the money than a freelancer.
  • The relationship between debt and income: this is used more in mortgages, but also serves in consumer loans. The bank will want to know what your debts and your income are and based on them your composition will be made about what your personal situation may be.
  • Default: the entity access the records of defaulters to see if you have any unpaid.
  • Credit history: what loans you have had and have and the composition of your loan portfolio will also be important. The bank values how a person gets into debt, if he is able to sustain his debt levels and if, once he hires a loan, he seeks other means of financing.
  • Guarantees and guarantees: the guarantees are not essential, but it helps a lot, as it happens with guarantees.

These elements are what will determine if the bank grants you the money, but also the conditions under which it will do so.

The European Parliament approves to reinforce the fines for manipulation of the mortgage indexes


Parlamento europeo General view of the European Parliament, in Brussels, Belgium. Olivier Hoslet / EFE

The mortgage market does not present all the guarantees that it should neither for the consumer nor for the economy in general. The former suffer from abusive mortgages or mortgage indexes that are not transparent. And the economy, victim of excess, can suffer a real estate bubble. The European Parliament has taken up all of this on Tuesday.

On the one hand, the plenary session of the European Parliament has approved by 659 votes in favor, 20 against and 28 abstentions a new rule that toughens fines for insider trading and manipulation of financial markets and benchmarks such as the libor or the Euribor.

Who manipulates indices will be guilty of market abuses and will face heavy fines Companies condemned for market abuse may be fined up to 15% of their annual turnover or 15 million euros. Individuals who violate these rules will be subject to fines of up to five million euros, as well as temporary prohibition (in the most serious cases may be permanent) of the exercise of a professional activity in investment companies.

After the scandal over the manipulation of the libor, which resulted in a heavy fine to the British bank Barclays, the scope of application of the new regulations has been extended to punish also the dissemination of false or confusing information to manipulate the calculation of benchmarks .

“Those who manipulate reference indexes such as the libber will be guilty of market abuses and will face heavy fines,” said Financial Services Commissioner Michel Barnier.

In parallel, the European Parliament and the governments must still negotiate a rule that provides for criminal sanctions for the most serious cases of insider trading and market manipulation. And the Community Executive is scheduled to present next week a standard to regulate the development of benchmarks.

Avoid new real estate bubbles

Avoid new real estate bubbles

On the other hand, the plenary session of the European Parliament has endorsed a rule whose objective is to put an end to the excesses in the granting of mortgage loans such as those that caused the housing bubble in Spain or Ireland and improve the protection of consumers against evictions in case of non-payment

It puts an end to deregulation of the market and consolidates the responsible loan The directive has not yet been definitively approved , since the differences between the Parliament and the governments persist on how to supervise from the EU that Member States incorporate it correctly into their national legislations. Once this issue is agreed, the countries will have a period of two years to transpose it.

“The new directive puts an end to the deregulation of the European mortgage market and consolidates the responsible loan ,” said Socialist MEP Antolín Sánchez Presedo, parliamentary speaker of the regulation.

The directive prevents the Member States from opposing the dation in payment if the two parties expressly agree on it in the credit agreement. In addition, it requires banks to be “reasonably tolerant” in the case of clients with serious payment difficulties and to make “all reasonable efforts to resolve the situation” before initiating an eviction proceeding.

Banking is required to be “reasonably tolerant” with customers with payment difficulties When a citizen stops paying the mortgage, the rule requires that the property is sold for the best possible price and that the bank facilitates the payment of the outstanding amount in order to avoid that consumers are over indebted for long periods. Thus, unattachable minimums in salaries and pensions are foreseen.

The directive obliges the bank to assess the consumer’s ability to repay the loan , introducing European standards for the first time. Banks will have to provide customers with a standardized mortgage information booklet.

Consumers will benefit from increased competition because the directive prohibits, in general terms, linking the granting of the mortgage to the acquisition of another financial product . However, this link will be allowed in some cases, such as when it comes to insurance or savings products.

C2C Conversaciones a forum to advance the social and solidarity economy

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The second edition of C2C Conversations , a forum to promote the social and solidarity economic fabric and a state meeting of promoters of Social and Solidarity Economy, will be held in Madrid on 15 and 16 February.

It is a forum promoted by the Alternative and Solidarity Economy Network of Madrid and other Social and Solidarity Economy organizations that are part of the REAS Network, in a context of growing visibility and measures to support this economy , in the one that its promoters consider necessary to stop to look at how, with whom and for what things are being done. A forum for professionals, activists and organizations that develop actions to promote and accompany Social Economy and Solidarity initiatives.

Throughout four sessions, they will work in four areas of work that will be coordinated by people and organizations of reference in each one of them and are the result of an accumulated reflection on the part of the promoter organizations to be able to advance on the main challenges and blockages that they detect in their practices.


Analyze and discuss the transformation of companies to the ESS; the financing and scalability of the projects, the creation of models of initiatives linked to people who work in precariousness and how collective work can improve their conditions, and advance on entrepreneurial models.

Mayor of Porcuna pleads for a PP provincial president "full time, not in heights or in the distance"



Miguel Moreno (c), junto a alcaldes y concejales del PP en la provincia.

Miguel Moreno (c), along with mayors and councilors of the PP in the province. EUROPE PRESS

In this sense, the mayor of the aforementioned municipality has highlighted his commitment to “provincialize” the training through a process of “renewal, democratization and, above all, support for the municipalities” and closer contact with citizens.

He has highlighted the journalists at the gates of the Provincial Council, where he has appeared along with a fortnight of “around 18 or 19” popular “mayors who support him, of the 25 with which the PP in the territory has jiennense. To the thread, it has expressed the “enormous joy” of being “wrapped” by “the majority of mayors of the PP in the province”, at the time that has alluded to the endorsement of “about 200 public positions” between these, councilmen and deputies.

Moreno, who has vindicated the work in local corporations, where he knows “what it is to face” and be with the neighbors “every day” in many cases with little retribution, has wanted to explain the reason why it has been now when he has decided to present himself to the provincial congress, which will probably be held in May: for the current “change of political cycle” that should be used in “political formations where it is preached that there really is an internal democracy, as is our party”.

Thus and although he has considered that “things have been done reasonably well in this time”, he has indicated as “main pillars” of his project “renewal, democratization and, above all, support for the municipalities”. It has affected, yes, that it is not “a ‘take off to put me'”, but “the participation of members is real and can participate in those relevant decisions of the party.”

In his opinion, once this renewal has taken place, they will be “ready to help those who need it most: the councilors and mayors”. “They are our best ambassadors and those who really know the problems of neighbors and sometimes we feel unprotected, without support, without means without advice or training, this deteriorates local structures, sometimes even disappear,” he said to give as an example Cambil, Escañuela, Arjonilla or Chilluévar.

In this sense, he stressed that the intention is to “provincialize the PP”, point where he has clarified that they will not “forget the capital”, but you can not “be so capital and forget the sierra, El Condado , La Campiña … where so many people need us “. He has defended to take “that quota” because its objective is also “to obtain the government of the Diputación”, where “the PSOE takes 38 years thanks to the towns, to which the local governments obtain”.


On the current provincial president of the party and candidate for re-election, José Enrique Fernández de Moya, Moreno has expressed all his respect and, asked about the possible incompatibility to repeat in the position given his status as Secretary of State for Finance, has explained that article nine of the statutes “is very clear” about that incompatibility, although “then it is true that in article ten there is an exception”.

“But an exception, in my humble opinion, can not be applied with a general character, there will be something to motivate that exception, that general interest of the party, and if that is the case, as always, I will abide by the decisions of the party,” said Moreno. Along with this and questioned by the approval of the national leadership, as indicated by Fernandez de Moya on Monday, he considered that if he says it “it will be like that”, although he has advocated letting things “be resolved by the competent bodies”, since “anticipate” can be “risky”.

In any case, has expressed confidence that the “apparatus” PP jiennense “remain neutral” and “respect the channels and the legitimate decision of any affiliate.” In this way, he is “sure that the party will act with the greatest transparency, serenity and normality” to launch the congrending process in which they will “go to the end” and without “mortgages” to achieve “a complete renovation. “

Also to questions from the journalists has been pronounced on the possibility that the time that takes to the front of the PP of Porcuna could be an obstacle and this after Fernandez de Moya affirmed that “a person who has been presiding over 20 years a local structure since 1997 knows that he can not be a candidate for anything. “


He has specified that he is president of the group since 2001, “after being elected provincial president” for the first time, although he has not given “any importance” to this “error”. On the other hand, he has been “very proud” of this position “for the fruits he has given” both in the internal part of the party and in the life of the municipality.

In the first case, he highlighted that they have “known how to renew and conjugate the past with the present and future” and in 17 years they have not “left any political corpse behind”, since the changes have been made, “as San Juan said of the Cross, with soft hand and delicate touch “. With regard to the “successes” in the locality, it has valued the passage of “one of the most indebted municipalities” to one of “the few ones in Spain and the only one in Jaén of more than 5,000 that will present a living debt of zero” .

To this has added the suppliers payment “in ten or twelve days”, compliance with the Budget Stability Law or approval of the budget with “character prior to its exercise, as established by law.” “That is the example, I think it is the model we want to transfer to the rest of the municipalities of the province,” he said.

Urkullu defends the Basque funding model as a reference for all autonomies



Iñigo Urkullu

The Lehendakari, Iñigo Urkullu, in the Basque Parliament. DAVID AGUILAR / EFE

The Lehendakari, Iñigo Urkullu, has defended the Basque Economic Agreement as a model of regional financing because, he says , “it is not a privilege regime”, but “a fair and solidary system”, which “can be a reference for the financing system of the communities. “

Urkullu makes these reflections in an article published on Monday by the newspaper El País, where, under the title of unilateral risk and solidarity, the Lehendakari argues that the Economic Agreement and the Basque quota “come from a historical relationship based on the pact and the fiscal and financial self-responsibility “and constitute” an efficient and transparent system when managing resources “.

He believes that “the really constructive” when establishing a model for the rest of the autonomous communities would “analyze” the Basque Concert as “a reference that allows us to move forward in a new decentralized system of financing that is more efficient, fair and supportive” .

To reach this conclusion, the Lehendakari reviews the historical origins of the Concert – “instrument of economic and financial relationship between Euskadi and the State since 1878″ – and how the 1978 Constitution recovered and recognized the Historical Rights ” as a singularity and way of anchoring Basque self-government in a plural state model “.

It emphasizes that the Concert is endorsed by the European Union and that it also has the “unanimous support of the Basque institutions”.

“Nothing we ask the State”

According to Urkullu, the Concert is “a transparent fiscal regime”, whose effectiveness “depends on an adequate exercise of responsibility, budgetary rigor and financial equilibrium”, and stresses that it is not a “privilege” compared to the rest of the autonomy because “the Basques we pay our competitions with what we collect, we do not ask the State, “he stresses.

It also recalls the obligation and priority to provide the so-called Basque quota that is intended “both to cover the general burdens of the State, its basic functions, and to contribute to the Inter-territorial Compensation Fund” and “to compensate the less favored autonomous communities economically or more deficient “.

The Basques pay our skills with what we collect “Euskadi contributes to the State’s competencies with 6.24% of all expenses related to competitions’ not assumed” by the Basque Country, the Basque president maintains in his article, and assures that the Concert “does not favor the reduction of taxes nor does it make Euskadi a tax haven”.

He even recalls that the average fiscal pressure in this region “has always been superior to the Spanish since 1981″ and that it follows “by more than three points”.

According to Urkullu, the Concert is “a system of unilateral risk because Euskadi depends on its own capacity to collect taxes” and the quota is “the first obligation” of this Community, “regardless of the evolution of the collection” and depending on a State calculation.

The amount of 6.24% of the “non-assumed charges” that Euskadi pays to the State is for the Lehendakari much higher than the “relative weight of the Basque population, which represents 4.67% of the total” · and is “above of the relative weight of the wealth or participation in the GDP, which is at 6% “and is the same as that contributed to the Inter-territorial Compensation Fund,” he adds.

The Lehendakari emphasizes that the quota is a system “backed, negotiated and agreed” for years and an “absolutely transparent” procedure that involves “a ‘point of welding’ between Euskadi and the State.”