Spain is seeing increased options for households seeking to improve energy efficiency, even with existing debt challenges. A recent agreement between the EIB Group and Cetelem will unlock €200 million in financing for these projects, while a growing number of lenders are offering loans to individuals with ASNEF listings – Spain’s equivalent of a credit blacklist – provided they have a stable income.
The EIB Group, comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), signed a €93 million synthetic securitisation agreement with Cetelem, BNP Paribas Personal Finance’s Spanish arm, on . This deal is specifically targeted at 100% green projects aimed at enhancing the energy efficiency of Spanish homes. The financing will support residential property renovations, small-scale renewable energy projects, and the purchase of energy-efficient equipment, including high-performance boilers, insulation windows, and solar panels. The operation is expected to contribute to reducing CO2 emissions and mitigating climate change, with a focus on projects in cohesion regions where income per capita is below the EU average.
Parallel to this, a segment of the Spanish lending market is catering to individuals previously excluded due to ASNEF registration. While traditional banks often shy away from lending to those with a negative credit history, several online financial platforms are willing to consider applications from individuals with a stable income, such as those receiving a regular salary. This trend is driven by a combination of factors, including increased competition in the lending sector and the development of more sophisticated risk assessment models.
According to an analysis of the February 2026 market, Creditio currently stands out as a leading platform connecting borrowers with a wide range of lenders. They offer loans up to €75,000 and demonstrate a high rate of viability for applicants with a proven income, even with ASNEF listings. Moneyman is highlighted as a good option for smaller, urgent needs, offering up to €300 interest-free for first-time borrowers, with a maximum of €1,600 for repeat customers. Creditilia is positioned as a strong choice for larger loan amounts, offering up to €60,000 with competitive interest rates starting at 6% TIN, without requiring borrowers to switch banks.
However, navigating this market requires careful consideration. Interest rates on loans for individuals with ASNEF listings are typically higher than those offered to borrowers with pristine credit histories. Platforms like AvaFin and Presta Puffin offer quick access to smaller amounts, but often come with very high TAE rates, sometimes exceeding 1000%. Microcréditos24 offers a first loan at 0% TAE, but amounts are limited. Fidea acts as a marketplace, connecting borrowers with multiple lenders, while Kontactalia Finance focuses on loans secured by property. Suitaprest offers larger loans secured by real estate, and myKredit provides rapid access to smaller amounts, but with extremely high interest rates.
The availability of these loans is contingent on demonstrating a consistent income stream. A stable employment history and regular salary payments are crucial factors in securing approval. While ASNEF listing remains a hurdle, It’s no longer an insurmountable one for many borrowers. The amount offered and the terms of the loan will vary significantly depending on the lender, the borrower’s financial situation, and the level of risk involved.
The rise of these specialized lenders and platforms reflects a broader shift in the Spanish financial landscape. The traditional barriers to credit are gradually being eroded, offering opportunities for individuals who were previously excluded. However, borrowers must exercise caution and carefully compare offers to ensure they are securing a loan with terms they can afford. Understanding the total cost of borrowing, including interest rates and fees, is paramount.
The market is also seeing the emergence of comparison websites like Crezu and PrestamoPro, which aggregate offers from multiple lenders, simplifying the process for borrowers. These platforms can save time and effort, but it’s important to remember that they are intermediaries and the final loan terms will be determined by the individual lender.
the ability to obtain a loan with an ASNEF listing and a stable income in Spain in February 2026 depends on a combination of factors, including the loan amount, the borrower’s financial profile, and the willingness of lenders to take on the associated risk. While options are expanding, careful research and comparison shopping remain essential for securing the most favorable terms.
