STOP Paying 5 Installments: 6 Italian Banks That Consolidate Debts with Discount

Managing multiple loans, credit cards, and installments can drain both finances and peace of mind.

These six Italian banks offer debt consolidation solutions that not only simplify payments into one monthly installment but also provide significant discounts on total interest, helping borrowers save thousands of euros while regaining financial control.

#1: UniCredit – Comprehensive Debt Solution

UniCredit leads the consolidation market with flexible programs covering all types of consumer debt.

CreditExpress Consolidamento Features:

• Maximum Amount: Up to €75,000

• Interest Reduction: Average 35% savings

• Single Rate: From 4.95% TAEG

• Term Extension: Up to 120 months

Debts Consolidated:

• Personal Loans: From any lender

• Credit Cards: All major issuers

• Store Credit: Retail installments

• Overdrafts: Expensive bank lines

Real Savings Example:

• Before: 5 loans totaling €450/month

• After: Single payment €310/month

• Monthly Savings: €140 (31% reduction)

• Total Interest Saved: €8,400

Special Benefits:

• Rate Lock: Fixed for entire term

• Payment Holiday: Skip one yearly

• Online Management: Full digital control

• Advisory Service: Free consultation

#2: Intesa Sanpaolo – PerTe Consolidation

Italy’s largest bank offers personalized consolidation with market-leading flexibility.

PerTe Prestito Consolidamento:

• Consolidation Range: €5,000 to €75,000

• Average Discount: 30-40% on interest

• TAEG Rate: From 5.45%

• Approval Time: 48-72 hours

Unique Advantages:

• Debt Negotiation: Bank contacts creditors

• Early Settlement: Discounts negotiated

• Single Payment: Simplified management

• Credit Score: Improvement pathway

Consolidation Process:

• Step 1: List all current debts

• Step 2: Bank calculates savings

• Step 3: Approval and negotiation

• Step 4: Debts paid, single loan starts

Eligible Debt Types:

• Bank Loans: Any institution

• Credit Cards: Including revolving

• Car Financing: Outstanding balances

• Salary Advances: High-cost credit

#3: BNL BNP Paribas – European Efficiency

BNL brings French consolidation expertise to Italian borrowers with substantial savings.

Consolidamento Facile Features:

• Loan Size: €3,000 to €60,000

• Interest Savings: Up to 45%

• Fixed Rate: 5.70% to 10.90%

• Digital Process: 100% online option

Advanced Calculator:

• Current Payments: Input all debts

• New Payment: Instant calculation

• Savings Display: Monthly and total

• Term Options: Multiple scenarios

Success Stories:

• Marco, Milan: 5 debts to 1, saves €200/month

• Laura, Rome: €15,000 saved over loan term

• Giuseppe, Naples: Rate reduced from 15% to 7%

• Average Client: 38% total savings

#4: Banco BPM – Regional Consolidation Expert

Banco BPM specializes in complex consolidation cases with personalized solutions.

Prestito Unificazione Details:

• Amount Range: €5,000 to €50,000

• Discount Level: 25-40% typical

• Interest Rate: 5.90% to 11.50%

• Local Service: Branch support

Comprehensive Coverage:

• Multiple Creditors: Up to 10 combined

• Mixed Debt Types: Loans and cards

• Variable Rates: Converted to fixed

• Foreign Currency: Euro conversion

Additional Services:

• Debt Counseling: Free advisory

• Budget Planning: Post-consolidation

• Insurance Options: Payment protection

• Loyalty Benefits: Future loan discounts

#5: Crédit Agricole – FriulAdria Innovation

Crédit Agricole’s Italian subsidiary offers innovative consolidation with cashback features.

ConsolidiAmo Program:

• Consolidation Limit: €60,000

• Rate Reduction: Average 33%

• Cashback: 1% of consolidated amount

• Terms: 24 to 120 months

Standout Features:

• Instant Approval: For account holders

• Creditor Management: Bank handles all

• Green Bonus: Extra discount for eco-purposes

• Family Plans: Multiple borrower options

Cashback Example:

• Consolidated: €30,000 in debts

• Cashback: €300 credited

• New Rate: 6.90% (was 12% average)

• Monthly Savings: €175

#6: Compass – Specialized Consolidator

Compass focuses exclusively on debt consolidation with industry-leading expertise.

Consolidamento Compass Plus:

• Maximum: €75,000 consolidation

• Rate Range: 4.90% to 10.95%

• Average Savings: 40% on payments

• Processing: 24-48 hours

Why Compass Excels:

• Single Focus: Consolidation specialists

• Negotiation Power: Better settlements

• Technology: Automated processing

• Success Rate: 92% approval

Included Services:

• Credit Report: Free analysis

• Debt Strategy: Personalized plan

• Legal Support: If needed

• Future Planning: Financial education

Comparison Table

How Consolidation Saves Money

Interest Rate Reduction:

• Credit Cards: 18-24% → 6-8%

• Store Credit: 15-20% → 6-8%

• Personal Loans: 10-15% → 5-7%

• Combined Effect: Massive savings

Real Example Calculation:

Before Consolidation:

• Credit Card 1: €5,000 at 19%
• Credit Card 2: €3,000 at 21%
• Personal Loan: €8,000 at 12%
• Store Credit: €4,000 at 16%
• Total: €20,000, €580/month

After Consolidation:

• Single Loan: €20,000 at 7%
• New Payment: €396/month
• Savings: €184/month (32%)

Requirements for Consolidation

Basic Criteria:

• Income Proof: Steady employment

• Debt Documentation: All statements

• Credit Standing: Some delays acceptable

• Residence: Italian or EU

Documents Needed:

• Identity: Carta d’identità

• Income: Last 3 payslips

• Debts: Current statements

• Bank: Account statements

Application Strategy

Preparation Steps:

• List Everything: All debts and rates

• Calculate Total: Current monthly payment

• Check Penalties: Early settlement costs

• Compare Options: Multiple bank quotes

Negotiation Tips:

• Ask for More: Discount negotiable

• Bundle Services: Account holder benefits

• Timing: Month-end often better

• Competition: Mention other offers

Benefits Beyond Savings

Life Improvements:

• Single Payment: Easier management

• Fixed Date: Better budgeting

• Lower Stress: One creditor only

• Credit Score: Gradual improvement

Future Advantages:

• Clean Slate: Fresh financial start

• Better Rates: Future loans cheaper

• Relationship: Strong bank connection

• Financial Freedom: Extra monthly cash

Conclusion

These six Italian banks offer genuine opportunities to consolidate multiple debts into single, discounted payments, with average savings of 30-45% on monthly obligations.

Whether choosing UniCredit for flexibility or Compass for specialization, debt consolidation provides both immediate financial relief and a clear path to financial freedom.