IBL Banca — Cessione del Quinto
IBL Istituto Bancario del Lavoro S.p.A.
IBL Banca (a Rome bank since 1927) is the historic leader in salary-backed loans ("cessione del quinto"): the loan whose instalment is withheld directly from salary or pension, up to one fifth (20%) of net income. The official example shows the advertised-number trap well: a €172 instalment looks small, but over 120 months you repay €20,640 for €15,000 borrowed — €5,640 of total cost (37.6% of the amount). Nominal rate 5.78%, APR 6.93%; the life/employment insurance, mandatory by law, is included in the APR.
Data & conditions
| Representative-example APR | 6.93% (€15,000 · 120 months · instalment €172) |
|---|---|
| Min advertised nominal rate | 5.78% |
| Total cost of credit | €20,640 |
| Usury threshold | 21.338% (Cessione del quinto fino a 15.000€, 3° trim. 2026) — APR sits at 32% |
| Loan amount | — – €75,000 |
| Term | 24–120 months |
| Lender | Bank (direct lender) |
| 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 | Banca romana dal 1927, leader storico della cessione del quinto |
| MiCA / License status | Licenza bancaria (Albo Banche n. 5578) |
Strengths
- Instalment withheld at source: accessible even to those with other ongoing loans
- Fixed rate and fixed instalment for the whole term; supervised bank since 1927
- Example APR (6.93%) at 32% of the usury threshold: far from the legal cap
- No notable sovereignty advantage documented.
Weaknesses
- Term almost always 120 months: the total cost in euros (€20,640 for €15,000) is what to watch, not the instalment
- Legally mandatory insurance included in the principal: it is a cost, not a free extra
- €630 origination in the example: it affects the APR on top of interest
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Score 3.5/5, solid profile. In its favour: instalment withheld at source: accessible even to those with other ongoing loans. The trade-off to weigh: term almost always 120 months: the total cost in euros (€20,640 for €15,000) is what to watch, not the instalment.
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.
FAQ
Is IBL's salary-backed loan worth it because the instalment is low?
The low instalment (€172 in the example) is the effect of the long term (120 months), not of a cheap loan: on €15,000 you repay €20,640. The figure to compare is the total cost of credit and the APR (6.93%), not the monthly instalment.
Sources
- Official service page Data verified on Jul 16, 2026