Updated September 29, 2026 · BorrowCue Editorial Team
Arab Islamic Bank vs Cool Credit
Where Arab Islamic Bank and Cool Credit differ
| Compare |  Arab Islamic Bank |  Cool Credit |
|---|---|---|
| APR | 4.5% to 9%Lower | 3,091% to 416,607% |
| Loan amount | $80,000 | CZK 1,000 to CZK 30,000 |
| Term | 84 months | 5 to 93 monthsHigher |
| Eligibility | Personal ID, 6-month bank statement, proof of occupation (salary slip or municipal council certificate), salary transfer commitment or suitable guarantee; salary deduction must not exceed 50% | Individuals aged 18+ with permanent or temporary residence in the Czech Republic, own Czech bank account, mobile phone and email |
| Loan types | Personal, Car, Student, Business, Secured | Personal, Payday, Car, Student, Business |
| Arrangement fee | Not confirmed | Loan provision fee 375 CZK on 1,000 CZK for 30 days; 6,750 CZK on 9,000 CZK for 93 days |
| Credit check | Not confirmed | Hard |
| Funding time | Not confirmed | Within 10 minutes of loan approval |
| Representative example | Not confirmed | 1,000 CZK for 30 days, fixed 0% rate, loan provision fee 375 CZK, RPSN 4,716%, total repayable 1,375 CZK |
| Free early repayment | Not confirmed | Yes |
Same on both: Rate type (Fixed), Lender type (Direct lender).
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Key differences
- Arab Islamic Bank scores higher overall: 9.4 vs 8.8.
- Founded is lower at Arab Islamic Bank: 1995 vs 2013.
- APR is lower at Arab Islamic Bank: 4.5% to 9% vs 3,091% to 416,607%.
- Term is higher at Cool Credit: 5 to 93 months vs 84 months.
- Support channels: only Cool Credit offers Email, Help centre.
- Loan types: only Arab Islamic Bank offers Secured.
- Loan types: only Cool Credit offers Payday.
Our verdict on each
Arab Islamic Bank
Arab Islamic Bank lends directly, and its fixed rate of 4.5% to 9% sits well below the 12.25% typical of the personal loans compared here. It suits salaried applicants in PS who can show documented income and commit a salary transfer, though the $80,000 ceiling will not stretch to very large borrowing.
Cool Credit
Cool Credit suits Czech residents who need a small fixed-rate loan released quickly, and offers personal, payday, car, student and business lending under one licence.
Score breakdown
| Area | Arab Islamic Bank | Cool Credit |
|---|---|---|
| Cost | 9.5Higher | 8.6 |
| Offer | 9.4HigherFixed-rate lending at 4.5% to 9% for up to $80,000 over 84, underwritten directly by the bank. | 8.9Fixed rates on CZK 1,000 to CZK 30,000 for 5 to 93, same-day funding Within 10 minutes of loan approval. |
| Trust | 9.3Higher | 8.9 |
Licences and countries
| Country | Arab Islamic Bank | Cool Credit |
|---|---|---|
| Czechia | Not confirmed |
Additional countries for Arab Islamic Bank: 1. Additional countries for Cool Credit: 1.
How they place
| Ranking | Arab Islamic Bank | Cool Credit |
|---|---|---|
| Personal loans | 253 of 1932 | 123 of 1932 |
| Car loans | 46 of 431 | 33 of 431 |
| Business loans | 40 of 435 | 21 of 435 |
| Private student loans | 14 of 167 | 11 of 167 |
If neither fits
Prestamiau ES has apr at 0% to 36%, against 4.5% to 9% for Arab Islamic Bank and 3,091% to 416,607% for Cool Credit.
Prestamiau ES reviewEvery fact side by side
| Fact | Arab Islamic Bank | Cool Credit |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Not confirmed | Same day funding |
| Legal entity | Arab Islamic Bank | COOL CREDIT, s.r.o. (IČ 02112621) |
| Headquarters | Palestine | Czechia |
| Founded | 1995Lower | 2013 |
| Support channels | Phone, Chat | Phone, Email, Chat, Help centreCovers more |
Where each stands against the rest
| Fact | Arab Islamic Bank | Cool Credit | Median |
|---|---|---|---|
| APR | 4.5% to 9%below the median | 3,091% to 416,607%highest quarter | 8.99 |
| Term | 84 monthsabove the median | 5 to 93 monthsabove the median | 60 months |
Median across 1005 listed lenders.
Pros and cons
Arab Islamic Bank
Pros
- Fixed-rate lending at 4.5% to 9%, well under the 12.25% seen across the personal loans compared here.
- A term of 84 runs past the 60 term at the upper end of that comparison, so each instalment stays smaller.
- Direct lending across personal, car and student purposes, with the bank underwriting the application rather than a broker.
Cons
- Support runs on phone and chat only, so there is no other listed route to the bank.
- Only a fixed rate is offered, with no variable option to move to if the fixed period ends.
- Eligibility is strict: proof of occupation, a salary transfer commitment or a suitable guarantee, and a cap on the salary deduction.
Cool Credit
Pros
- Funds arrive Within 10 minutes of loan approval, which is quick for a direct lender
- A direct lender, not a broker, so you deal with the entity that makes the decision
- Free early repayment, so settling early costs nothing extra
Cons
- An APR of 3,091% to 416,607% makes anything beyond a short bridge very expensive
- A hard credit check, which is the market's most common type of check and leaves a mark on the file
- A loan provision fee is charged on top of the interest rate, so the example total is far above the amount borrowed
Who each suits
Arab Islamic Bank
Who it suits
- Salaried applicants in PS who can commit a salary transfer and show proof of occupation.
- Borrowers who price on rate alone, since 4.5% to 9% sits below the 10% to 23% at Monzo Flex.
- Borrowers who want fixed-rate lending across personal, car and student purposes from the same bank, rather than the PHP 12 to PHP 36 shown at Cashspace.
Who should look elsewhere
- Anyone after interest free borrowing, because the rate here is fixed at 4.5% to 9% rather than the 0% shown at Cashspace ES.
- Applicants who cannot show proof of occupation or commit a salary transfer, since eligibility needs either that or a suitable guarantee, and the cap on the salary deduction narrows who clears the bar.
Cool Credit
Who it suits
- Czech residents with permanent or temporary residence in the country and a Czech bank account
- Adults with a mobile phone and email, which every applicant needs here
- Borrowers covering a short gap who can clear the balance within the term
Who should look elsewhere
- Anyone planning a long repayment, because the term runs 5 to 93 and the APR is high
- Monzo Flex, if you want a longer fixed-rate loan at a rate that stays sane for years
- Cashspace ES, where the listed APR is far lower, though it sits in a different market
Current offers
Arab Islamic Bank
Current offer
Bonus
Bank in your hand and prizes await: monthly iPhone 17 Pro Max or $100 daily: iPhone 17 Pro Max monthly or 100 USD daily
Every transaction carried out through the Mobile Bank app is an entry chance
Source, checked September 26, 2026
Cool Credit
Current offer
Discount code
20% discount for the loan for Slovaks: 20% off with discount code SLOV
Applies to the loan for Slovaks without permanent residence in the Czech Republic
Source, checked September 26, 2026
Country by country
| Country | Arab Islamic Bank | Cool Credit |
|---|---|---|
| Czechia | No | Yes |
| Palestine | Yes | No |
Questions about each
Arab Islamic Bank
What rate do I pay on a loan from Arab Islamic Bank?+
Arab Islamic Bank lends at 4.5% to 9%, and that rate is fixed, so the figure holds for the life of the loan. Personal loans compared here run around 12.25% at the median, which puts this lender on the cheaper side. Ask for the rate that applies to your own application, since the offer depends on your profile.
How much can I borrow?+
Borrowing runs to $80,000 on the personal loan, well above the €556.48 typical of the personal loans compared here, and it ranks 42 on amount. The bank also covers personal, car and student lending, so other purposes sit in the same place. Repayment can stretch to 84.
Cool Credit
What rate will I pay on a Cool Credit loan?+
The advertised APR runs 3,091% to 416,607%, which spans a very wide band. The published example pairs a low fixed rate with a loan provision fee, so the headline rate understates what you repay. Always read the example against the fee rather than the rate alone.
What does Cool Credit charge to arrange a loan?+
A loan provision fee is added to the amount borrowed. The published figures show a fee on a small loan over a short period and a larger fee on a bigger loan over a longer one, so the charge scales with how much you take and how long you keep it.
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