Updated September 28, 2026 · BorrowCue Editorial Team
1822direkt vs Wandoo
Where 1822direkt and Wandoo differ
| Compare |  1822direkt |  Wandoo |
|---|---|---|
| APR | 5.29%Lower | 4,530.48% to 8,385.16% |
| Loan amount | €7,500 to €100,000Higher | €50 to €1,800 |
| Term | 24 to 120 monthsHigher | 7 to 35 months |
| Arrangement fee | 0 EUR (credit application processing is free of charge) | 0.00 EUR (no opening or study commission) |
| Funding time | Within 24 hours after digital signing | 24-48 hours after approval, depending on the bank |
| Rate type | Fixed | Variable |
| Lender type | Broker | Direct lender |
| 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 | 18 or older, resident in Spain, valid DNI/NIE, bank account in a Spanish entity, verifiable regular income, own email and mobile |
| Loan types | Personal, Debt consolidation, Car, Credit line | Payday, Personal |
| Credit needed | Good | Fair |
| Representative example | Not confirmed | Loan of EUR 100 over 35 days, TIN 463.55 %, TAE 4,530.48 %, interest EUR 44.45, total repayable EUR 144.45 |
Same on both: Credit check (Hard), Origination fee (%) (0%), Use cases (Home improvement).
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Key differences
- 1822direkt scores higher overall: 9.0 vs 8.7.
- Founded is lower at 1822direkt: 1996 vs 2017.
- APR is lower at 1822direkt: 5.29% vs 4,530.48% to 8,385.16%.
- Free early repayment: only 1822direkt.
- Loan amount is higher at 1822direkt: €7,500 to €100,000 vs €50 to €1,800.
- Term is higher at 1822direkt: 24 to 120 months vs 7 to 35 months.
- Loan types: only 1822direkt offers Debt consolidation, Car, Credit line.
- Loan types: only Wandoo offers Payday.
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.
Wandoo
Wandoo suits borrowers in Spain who want a small, short loan with no opening or study commission. The catch is the rate: an APR of 4,530.48% to 8,385.16% sits well above the personal loan median of 12.25%, and early repayment carries a charge.
Score breakdown
| Area | 1822direkt | Wandoo |
|---|---|---|
| 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). | 8.6Origination fee of 0.00 EUR (no opening or study commission) and no free early repayment, against an APR of 4,530.48% to 8,385.16%. |
| Offer | 9.2HigherThe offer spans personal, debt consolidation and car, plus fixed-rate mortgages with free early repayment. | 8.8 |
| Trust | 8.6 | 8.8Higher |
Where they rank in our lists
| Ranking | 1822direkt | Wandoo |
|---|---|---|
| Personal loans | 644 of 1920 | 26 of 1920 |
| Home improvement loans | 289 of 562 | 12 of 562 |
Side by side, item by item
| Loan types | 1822direkt | Wandoo |
|---|---|---|
| Personal | Yes | Yes |
| Payday | No | Yes |
| Debt consolidation | Yes | No |
| Credit line | Yes | No |
| Car | Yes | No |
| Use cases | 1822direkt | Wandoo |
|---|---|---|
| Home improvement | Yes | Yes |
Licences and countries
| Country | 1822direkt | Wandoo |
|---|---|---|
| Germany | Not confirmed |
Additional countries for 1822direkt: 1. Additional countries for Wandoo: 1.
Sources behind this comparison
1822direkt
- 1822direkt.de: 18 facts, checked September 26, 2026
- de.wikipedia.org: 1 fact, checked September 26, 2026
Wandoo
- wandoo.es: 19 facts, checked September 26, 2026
Every fact side by side
| Fact | 1822direkt | Wandoo |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Legal entity | 1822direkt Gesellschaft der Frankfurter Sparkasse mbH | Wandoo Finance S.L.U. |
| Headquarters | Germany | Spain |
| Founded | 1996Lower | 2017 |
| Support channels | Email, Phone, Help centre | Email, Phone, Help centre |
Where each stands against the rest
| Fact | 1822direkt | Wandoo | Median |
|---|---|---|---|
| APR | 5.29%below the median | 4,530.48% to 8,385.16%highest quarter | 8.99% |
| Loan amount | €7,500 to €100,000highest quarter | €50 to €1,800lowest quarter | €40,000 |
| Term | 24 to 120 monthshighest quarter | 7 to 35 monthsbelow the median | 60 |
| Origination fee (%) | 0%below the median | 0%below the median | 0.25% |
Median across 1152 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.
Wandoo
Pros
- No opening or study commission, with an origination fee of 0.00 EUR (no opening or study commission) on the payday and personal loans.
- Repayment follows the income cycle: €50 to €1,800 over 7 to 35, which suits a bill that clears next month rather than a multi year plan.
- Fixed monthly cost from a direct lender, direct lender, so the terms sit with one counterparty instead of a broker chain.
Cons
- The APR of 4,530.48% to 8,385.16% is far above the payday loan median of 36.5%, and the top of the range reaches 4,530.48% to 8,385.16%.
- Free early repayment is no, so clearing the loan early still carries a charge.
- The amount ceiling of €50 to €1,800 is small next to the home improvement median of €1,000, so a large renovation needs another lender.
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%.
Wandoo
Who it suits
- Adults resident in Spain with a valid DNI/NIE, a Spanish bank account and verifiable regular income.
- Borrowers covering a short term expense, home improvement is the stated use.
- People whose credit file stands at a fair level and who can handle a hard credit check.
Who should look elsewhere
- Anyone planning to settle the loan early, since free early repayment is no.
- Borrowers needing a long repayment period, as 7 to 35 is short.
- Readers comparing against Monzo Flex, where an APR of 10% to 23% sits far below 4,530.48% to 8,385.16%.
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
Wandoo
Current offer
First period offer
Primer minicredito gratis de 250-300 EUR al 0 % TAE: 0 % TAE on a first loan of 250-300 EUR (up to 30 days)
New customers only, amount 250-300 EUR, returned within the agreed term of up to 30 days without delay
Source, checked September 26, 2026
Country by country
| Country | 1822direkt | Wandoo |
|---|---|---|
| Germany | Yes | No |
| Spain | No | 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.
Wandoo
What does a Wandoo loan cost?+
The published APR is 4,530.48% to 8,385.16% and the rate is variable. There is no opening or study commission, the origination fee being 0.00 EUR (no opening or study commission), so the interest rate does most of the work in setting what you repay. The representative example shows the annual cost clearly once the short term is taken into account.
Are there arrangement or opening fees?+
The origination fee is 0.00 EUR (no opening or study commission), and there is no opening or study commission on the payday or personal loans. Interest on the amount borrowed is the main cost, and the rate is variable, so it can move with the reference rate.
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