Updated September 28, 2026 · BorrowCue Editorial Team
1822direkt vs Smava
Where 1822direkt and Smava differ
| Compare |  1822direkt |  Smava |
|---|---|---|
| Initial rate | 3.87% | 3.2%Lower |
| APRC | 3.97% | 3.2%Lower |
| Maximum loan to value | 90% | 110%Higher |
| Purpose | Purchase, Remortgage, Buy to letCovers more | Purchase, Remortgage |
| Lender type | Broker | Marketplace |
Same on both: Fixed period (10 years), Product fee (€0).
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Key differences
- 1822direkt scores higher overall: 9.0 vs 8.9.
- Founded is lower at 1822direkt: 1996 vs 2007.
- Initial rate is lower at Smava: 3.2% vs 3.87%.
- APRC is lower at Smava: 3.2% vs 3.97%.
- Maximum loan to value is higher at Smava: 110% vs 90%.
- Purpose: only 1822direkt offers Buy to let.
Our verdict on each
1822direkt
1822direkt suits German borrowers who prioritise low stated costs and fixed-rate borrowing across mortgages and personal loans. Its mortgage product fee is €0, while the initial rate is 3.87% and the APRC is 3.97%. The main trade-off is the hard credit check used for personal-loan applications.
Smava
Smava suits German borrowers who want one comparison across personal, car, consolidation and business loans, plus home finance, without paying a setup fee. It scores 6 overall, with -0.4% to 19.9% on loans and 3.2% on home finance, but early repayment is not free.
Score breakdown
| Area | 1822direkt | Smava |
|---|---|---|
| Cost | 9.3HigherMortgage product fees are €0, while personal-loan application processing carries an origination fee of 0 EUR (credit application processing is free of charge). | 9.1 |
| Offer | 9.2HigherThe offer spans personal, debt consolidation and car, plus fixed-rate mortgages with free early repayment. | 9.1Amounts of €1,000 to €120,000, rates of -0.4% to 19.9%, no origination fee of 0 EUR and same day funding. |
| Trust | 8.6Higher | 8.5 |
Pick 1822direkt if, pick Smava if
Pick 1822direkt if purpose matter most.
Pick Smava if initial rate, aprc, and maximum loan to value matter most.
Licences and countries
| Country | 1822direkt | Smava |
|---|---|---|
| Germany |
Available in 1 country for both.
The bill, worked out
200,000 over 25 years, first year
1822direkt
€12,496.45
€12,496.45 + 1 × €0
Smava
€11,632.30
€11,632.30 + 1 × €0
Smava costs €864.15 less.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
How they place
| Ranking | 1822direkt | Smava |
|---|---|---|
| Personal loans | 644 of 1920 | 122 of 1920 |
| Debt consolidation loans | 215 of 425 | 52 of 425 |
| Mortgages | 220 of 716 | 19 of 716 |
| Remortgage deals | 156 of 351 | 16 of 351 |
| Car loans | 192 of 432 | 31 of 432 |
| Home improvement loans | 289 of 562 | 59 of 562 |
What we checked
1822direkt
- 1822direkt.de: 10 facts, checked September 26, 2026
- de.wikipedia.org: 1 fact, checked September 26, 2026
Smava
- smava.de: 11 facts, checked September 26, 2026
Every fact side by side
| Fact | 1822direkt | Smava |
|---|---|---|
| Legal entity | 1822direkt Gesellschaft der Frankfurter Sparkasse mbH | smava GmbH (HRB 97913, Amtsgericht Charlottenburg) |
| Headquarters | Germany | Germany |
| Founded | 1996Lower | 2007 |
| Support channels | Email, Phone, Help centre | Email, Phone, Help centre |
Loans
| Fact | 1822direkt | Smava |
|---|---|---|
| APR | 5.29% | -0.4% to 19.9%Lower |
| Loan amount | €7,500 to €100,000 | €1,000 to €120,000Higher |
| Term | 24 to 120 months | 6 to 120 months |
| Arrangement fee | 0 EUR (credit application processing is free of charge) | 0 EUR |
| Credit check | Hard | Soft prequal |
| Funding time | Within 24 hours after digital signing | Within a few working days; with digital account check and video ident some banks disburse the same day |
| Representative example | Not confirmed | Ratenkredit: EUR 50,000 net loan, 60 months, 8.70% effective annual rate, 60 monthly instalments of EUR 1,022.73, total EUR 61,363.57, Vereinigte Volksbank Raiffeisenbank eG |
| Pricing model | Fixed rate | Fixed rate |
| Features | Not confirmed | Same day funding |
| Rate type | Fixed | Fixed |
| Free early repayment | YesHas it | No |
| Eligibility | Minimum 18 years old, main residence in Germany, employed at least six months, permanent contract, no negative SCHUFA or CRIF Buergel entry | At least 18 years old, main residence in Germany, current account at a German bank, regular income, sufficient creditworthiness |
| Origination fee (%) | 0% | Not confirmed |
| Loan types | Personal, Debt consolidation, Car, Credit line | Personal, Car, Debt consolidation, Business |
| Credit needed | Good | Fair |
| Use cases | Home improvement | Home improvement |
Where each stands against the rest
| Fact | 1822direkt | Smava | Median |
|---|---|---|---|
| Initial rate | 3.87%below the median | 3.2%lowest quarter | 4.73% |
| APRC | 3.97%below the median | 3.2%lowest quarter | 5.18% |
| Fixed period | 10 yearsat the median | 10 yearsat the median | 10 years |
| Maximum loan to value | 90%at the median | 110%highest quarter | 90% |
| Product fee | €0at the median | €0at the median | €0 |
Median across 286 listed lenders.
Pros and cons
1822direkt
Pros
- Mortgage product fees are €0.
- Personal-loan application processing is free of charge under 0 EUR (credit application processing is free of charge).
- Early repayment is free.
Cons
- Personal-loan applications use a hard credit check, which may make approval harder for borrowers with limited credit history.
- Personal loans are available only on a fixed-rate basis.
- The stated lender type is broker, so applications are arranged through a broker.
Smava
Pros
- Loan amounts run €1,000 to €120,000 with terms of 6 to 120
- Loan types cover personal, car and debt consolidation in one comparison
- A soft prequalification credit check (soft prequal) means you can check rates before a full application
Cons
- Free early repayment: no, so paying a loan off early carries a cost
- Credit needed is fair, and eligibility also requires a German bank account and regular income
- A marketplace, so the rate you get depends on which partner bank responds and the final offer comes from them
Who each suits
1822direkt
Who it suits
- Adults resident mainly in Germany with a permanent contract and a clean SCHUFA and CRIF Buergel record.
- Borrowers comparing fixed-rate mortgages for purchase, remortgaging or buy-to-let purposes.
- Personal-loan applicants with good credit who want free early repayment and no application processing fee.
Who should look elsewhere
- Prestalo may suit a borrower focused on its listed initial rate of 2.36%.
- Creditilia ES may suit a borrower focused on its listed initial rate of 4%.
- Sofkredit may suit a borrower focused on its listed initial-rate range of 8% to 14%.
Smava
Who it suits
- Adults in Germany with a current account at a German bank and regular income
- Anyone consolidating debts, funding a car or improving a home who wants to compare offers rather than one lender
- Borrowers who want a fixed rate over 6 to 120 on a personal loan
Who should look elsewhere
- People who want to repay a loan early at no cost
- Borrowers without regular income or a German current account
- Anyone needing a variable-rate loan, since the model is fixed rate
Current offers
1822direkt
Current offer
Bonus
0,10 % Zinsvorteil im Online Finanzierungskonzept: 0,10 % Zinsvorteil
Offer tied to the Online Finanzierungskonzept; 0,10 % surcharge applies to properties that are not energy efficiency class A+ to C
Source, checked September 26, 2026
Bonus
Praemie fuer Kontonutzung im Girokonto: 200 EUR
New customers of the 1822direkt Girokonto, combined with 3,50 % Zinsen p.a. for new customers
Source, checked September 26, 2026
First period offer
Tagesgeldkonto Neukundenzins: 3,50 % Zinsen p.a.
Valid for 6 months up to an investment amount of 250,000 EUR, then the then-valid base rate applies
Source, checked September 26, 2026
Smava
Current offer
Bonus
500 EUR Amazon.de voucher on taking out a loan: 500 EUR Amazon.de voucher
Loan of at least EUR 30,000 concluded via the 'Zum Kreditvergleich mit Gutschein' button only; voucher sent by email after the 14-day withdrawal period has passed; restrictions apply per amazon.de/gc-legal
Source, checked September 26, 2026
Discount code
Cheaper-goes-does-not-exist guarantee: One-off compensation of the difference if a comparable domestic bank offer is cheaper
Applies to loans brokered via smava; amount follows the offers received in the smava credit comparison, stated without hidden conditions
Source, checked September 26, 2026
Country by country
| Country | 1822direkt | Smava |
|---|---|---|
| Germany | Yes | Yes |
Questions about each
1822direkt
What are the fees for a personal loan?+
Personal-loan rates start with an APR of 5.29%. Credit application processing is free of charge under 0 EUR (credit application processing is free of charge), and the stated product fee is 0%.
What costs apply to the mortgage?+
The mortgage initial rate is 3.87%, with an APRC of 3.97% and a fixed period of 10. The stated mortgage product fee is €0.
Smava
What does Smava charge for setting up a loan?+
There is no origination fee on the personal loan: the arrangement fee is 0 EUR, and the product fee is €0. What you pay instead is interest on the borrowed amount, which is priced at -0.4% to 19.9% for your own profile.
How much can I borrow and over what term?+
Loan amounts run €1,000 to €120,000, and terms run 6 to 120. The rate model is fixed, so the figure you are offered is set at the start and does not drift with market moves.
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