Fiditalia — Cessione del Quinto
Fiditalia S.p.A.
at 44% of the usury threshold
Data verified on unchanged since the sources
Worth it if you need up to €75,000 withheld at source, accessible even with other ongoing loans, at an example APR of 6.96%.
Avoid it if you want to avoid agent networks or look only at raw cost: it's a financial intermediary and mandatory insurance is included in the cost.
Fiditalia (Société Générale group, financial intermediary under art. 106 TUB, register no. 37) offers salary- and pension-backed loans. In the public-employee example (€25,000/120 months) the nominal rate is 6.73% and the APR 6.96%: a small gap, but the mandatory life/employment insurance is already inside the APR. As the amount exceeds €15,000, the applicable usury benchmark is the "over €15,000" band (15.96% threshold).
Data & conditions
| Representative-example APR | 6.96% (€25,000 · 120 months) |
|---|---|
| Min advertised nominal rate | 6.73% |
| Usury threshold | 15.963% (Cessione del quinto oltre 15.000€, 3° trim. 2026) — APR sits at 44% |
| Loan amount | — – €75,000 |
| Term | 24–120 months |
| Lender | Financial intermediary (art. 106 TUB) |
| Eligible borrowers | Public/State employees, Private employees, Pensioners |
| Mandatory insurance | Yes |
| Insurance included in APR | Yes |
| Reported to credit bureaus (CRIF) | Yes |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Direzione e coordinamento Société Générale S.A. |
| MiCA / License status | Intermediario finanziario ex art. 106 TUB (Albo Unico n. 37) |
Strengths
- Example APR 6.96% with a close nominal rate (6.73%): small gap
- Amounts up to €75,000 and terms up to 120 months; Société Générale group
- Withheld at source: accessible even with other ongoing loans
- No notable sovereignty advantage documented.
Weaknesses
- Financial intermediary (not a bank): often sold via agent networks
- Mandatory insurance included in the cost; example term 120 months
- Beware of old dated fact sheets online: always check the current example
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Score 3.2/5, average profile. In its favour: example APR 6.96% with a close nominal rate (6.73%): small gap. The trade-off to weigh: financial intermediary (not a bank): often sold via agent networks.
On the Sovereignty lens the score is 0.4/5 (weak): the strength is censorship resistance (1.5/5), while fund control (0.0/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used Fiditalia — Cessione del Quinto, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
Notable incidentsDocumented events with consequences still open. Each entry carries a source and a date.
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Regulatory action Severe ● open
Italian competition authority: €190,000 fine for aggressive payment reminders, including for debts not owed
In decision no. 25058 of 1 August 2014 (case PS7061), Italy's competition and market authority found that between October 2011 and June 2014 Fiditalia ran an aggressive commercial practice on two fronts: intimidating payment reminders sent even for disputed debts, and obstacles placed in the way of customers exercising their contractual rights — one documented example is a customer who had to send three written requests and numerous phone chasers to obtain an early-settlement statement. The company itself reported that 63,045 reminders turned out to be unjustified, explaining that its first notice goes out 15 days before the contractual due date; 3,881 customers filed complaints. The authority banned the practice and set the base fine at €190,000, raising it to €230,000 because Fiditalia had already been subject to two other Consumer Code decisions (no. 21255 of 2010 on financing terms and no. 22450 of 2011 on the Eureka card), then bringing it back to €190,000 given the company's loss-making accounts. At the date of the decision the practice was still ongoing. Neither the compliance report the decision required within sixty days nor the outcome of any appeal is public, so the case is recorded as open.
↗ source
verified on
FAQ
Which usury threshold applies to Fiditalia's €25,000 salary-backed loan?
As the amount exceeds €15,000, the "salary-backed loan over €15,000" threshold applies, i.e. 15.96% for Q3 2026. The example APR (6.96%) is well below, about 44% of the threshold.
Sources
- Official service page Data verified on Jul 16, 2026