Updated October 14, 2026 · BorrowCue Editorial Team
ASA Banka vs Varo Bank
ASA Banka vs Varo Bank: the differences
| Compare |  ASA Banka |  Varo Bank |
|---|---|---|
| APR | 8.31% | 0%Lower |
| Loan amount | up to BAM 50,000 | $600 to $2,000 |
| Term | up to 120 monthsHigher | 3 to 12 months |
| Representative example | Long-term unsecured personal loan of 50,000.00 KM over 36 months, effective annual rate (EKS) 8.31% including related costs and fees | Varo Line of Credit: $1,000 loan, 6 months to repay, $152 one-time fee, $192 monthly payment |
| Eligibility | Accounts for adult citizens of Bosnia and Herzegovina; loan applicants need regular monthly income, and fixed-term employees must have at least 12 months with the same employer | US residents with an active Varo Bank Account; eligibility based on Varo account activity (direct deposits, balances, on-time payments) and credit score |
| Loan types | Personal, Cash advance, Debt consolidation, Credit line, Secured, StudentCovers more | Personal, Credit line, Cash advance |
| Arrangement fee | Not confirmed | Flat one-time fee $60-$400 (Varo Line of Credit) |
| Credit check | Not confirmed | Soft prequal |
| Funding time | Not confirmed | Instant, deposited same day once approved |
| Free early repayment | Not confirmed | Yes |
Same on both: Rate type (Fixed), Lender type (Direct lender).
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Key differences
- Varo Bank scores higher overall: 9.2 vs 9.1.
- Founded is lower at ASA Banka: 1957 vs 2015.
- APR is lower at Varo Bank: 0% vs 8.31%.
- Term is higher at ASA Banka: up to 120 months vs 3 to 12 months.
- Support channels: only Varo Bank offers Email, Chat.
- Loan types: only ASA Banka offers Debt consolidation, Secured, Student.
Our verdict on each
ASA Banka
ASA Banka suits borrowers in Bosnia and Herzegovina who want a fixed rate they can plan around, with unsecured personal loans at 8.31% and a long repayment window. Adults with regular monthly income, including fixed-term employees, can apply, and the lender also offers a free arrangement fee on its mortgage range.
Varo Bank
Varo Line of Credit access starts with a Varo Bank account. Any borrowed amount and applicable fee are repaid in equal monthly installments, and only one VLOC advance can be outstanding at a time.
Score breakdown
| Area | ASA Banka | Varo Bank |
|---|---|---|
| Cost | 9.1Unsecured personal loans at 8.31% sit under the site median of 12%, and the home range charges BAM 0. | 9.5Higher |
| Offer | 8.5 | 9.1Higher |
| Trust | 9.5Higher | 8.8 |
Pick ASA Banka if, pick Varo Bank if
Pick ASA Banka if trust, term, and loan types matter most.
Pick Varo Bank if cost, offer, and apr matter most.
Licences and countries
| Country | ASA Banka | Varo Bank |
|---|---|---|
| United States | Not confirmed | FDIC FDIC cert 59190 |
Additional countries for ASA Banka: 1. Additional countries for Varo Bank: 1.
How they place
| Ranking | ASA Banka | Varo Bank |
|---|---|---|
| Personal loans | 518 of 1920 | 499 of 1920 |
| Cash advance apps | 12 of 53 | 11 of 53 |
Every fact side by side
| Fact | ASA Banka | Varo Bank |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Not confirmed | Same day funding, Credit line |
| Legal entity | ASA Banka d.d. Sarajevo | Varo Bank, National Association |
| Headquarters | Bosnia and Herzegovina | United States |
| Founded | 1957Lower | 2015 |
| Support channels | Phone, Help centre | Email, Chat, Phone, Help centreCovers more |
Mortgages
| Fact | ASA Banka | Varo Bank |
|---|---|---|
| Initial rate | 3.29% | Not confirmed |
| APRC | 3.78% | Not confirmed |
| Fixed period | 10 years | Not confirmed |
| Maximum loan to value | 80% | Not confirmed |
| Product fee | BAM 0 | Not confirmed |
| Purpose | Purchase, Remortgage | Not confirmed |
Where each stands against the rest
| Fact | ASA Banka | Varo Bank | Median |
|---|---|---|---|
| APR | 8.31%below the median | 0%lowest quarter | 8.99% |
| Term | up to 120 monthshighest quarter | 3 to 12 monthslowest quarter | 60 |
Median across 1144 listed lenders.
Pros and cons
ASA Banka
Pros
- Unsecured personal loans priced at 8.31%, under the site median of 12%
- Repayment windows of up to 120 on a fixed rate
- Arrangement fee of BAM 0 on the home purchase and remortgage range
Cons
- Support runs through phone and help centre only
- Eligibility for accounts is limited to adult citizens of Bosnia and Herzegovina
- The home purchase rate of 3.29% needs a deposit reaching 80%
Varo Bank
Pros
- Equal monthly installments repay the borrowed amount and applicable fee.
Cons
- Only one VLOC advance can be outstanding at a time.
Who each suits
ASA Banka
Who it suits
- Adults in Bosnia and Herzegovina with regular monthly income
- Borrowers who want a fixed rate rather than a variable one
- Homebuyers comfortable putting a larger deposit down
Who should look elsewhere
- Anyone without a steady monthly income, or fixed-term applicants who have not yet built a waiting period with their employer
- Borrowers priced in another currency who want a fee-free personal loan, since BAM 0 applies to the home purchase and remortgage range
- Readers wanting a lender with a wider choice of support channels than phone and help centre
Varo Bank
Who it suits
- Varo Bank customers reviewing how VLOC access and repayment work.
Current offers
ASA Banka
Current offer
Bonus
Akcija stambenih kredita (mortgage loan campaign)
Source, checked September 26, 2026
Bonus
Poštedi se briga - Ostvari dodatni prihod i osiguraj novac (savings action with free ASA Central insurance): Free ASA Central insurance
Source, checked September 26, 2026
Discount code
Naša srijeda - Wednesday benefits for ASA Bank card customers
Applies to users of ASA Bank cards every Wednesday
Source, checked September 26, 2026
Varo Bank
Current offer
Bonus
Elevated high-yield savings rate up to 3.75% APY: 3.75% APY on up to $5,000, 1.00% APY on the rest
Qualifying direct deposits totaling $1,000 or more and ending the month with a positive balance in all Varo accounts; APY accurate as of July 1, 2026; rates subject to change
Source, checked September 26, 2026
Country by country
| Country | ASA Banka | Varo Bank |
|---|---|---|
| Bosnia and Herzegovina | Yes | No |
| United States | No | Yes |
Questions about each
ASA Banka
What rate do ASA Banka personal loans charge?+
Unsecured personal loans run at 8.31%, and that rate is fixed rather than variable, so monthly payments stay level for the life of the loan. The representative example given covers long-term unsecured personal borrowing and states 8.31% including related costs and fees.
How much can I borrow and for how long?+
Unsecured personal loans reach up to BAM 50,000 and run for up to 120. The same bank also offers cash advance, debt consolidation, credit line, secured and student lending, so a larger purchase can be covered through a secured product instead.
Does ASA Banka charge an arrangement fee?+
The arrangement fee on the home purchase and remortgage range is BAM 0. Personal loan pricing is described through 8.31% with related costs and fees built into the representative example, so ask the bank for the full personal loan breakdown.
Who can apply for a loan from ASA Banka?+
Accounts are for adult citizens of Bosnia and Herzegovina, and loan applicants need regular monthly income. Fixed-term employees also need a waiting period with the same employer before they can be considered.