Updated September 30, 2026 · BorrowCue Editorial Team
AskRobin MX vs Finmercado
Where AskRobin MX and Finmercado differ
| Compare |  AskRobin MX |  Finmercado |
|---|---|---|
| Loan amount | COP 100,000 to COP 10,000,000 | MX$500 to MX$200,000 |
| Term | 1 to 36 monthsHigher | 2 to 12 months |
| Arrangement fee | 0 | 0 MXN |
| Credit check | Hard | Soft prequal |
| Eligibility | Colombian citizen, over 18, email address, mobile number, provable income, Cedula de Ciudadania, and an active bank account in the applicant's own name | Mexico only, accredited Mexican lending partners; partner lenders accept from 18 years (some 21+); INE and an active bank account required |
| Loan types | Personal, Debt consolidation | Personal, Payday, Secured, Business, Debt consolidation, StudentCovers more |
| APR | Not confirmed | from 677.47% |
| Funding time | Not confirmed | Online application in about 5 minutes; partner lenders answer in minutes and deposit goes to the customer's bank account |
| Representative example | Not confirmed | Personal loan of MXN 2,000 over 6 quincenas, 6 payments of MXN 647, total to pay MXN 3,882; monthly interest rate 28% to 49.50% (without VAT), informative CAT from 677.47% |
| Origination fee (%) | Not confirmed | 0% |
| Credit needed | Not confirmed | Poor |
Same on both: Lender type (Marketplace), Use cases (Home improvement).
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Key differences
- Term is higher at AskRobin MX: 1 to 36 months vs 2 to 12 months.
- Loan types: only Finmercado offers Payday, Secured, Business.
Our verdict on each
AskRobin MX
askRobin Colombia is a marketplace that matches Colombian applicants with lenders, and it suits people who want a personal loan or to consolidate debt with no origination fee. Borrowing runs COP 100,000 to COP 10,000,000 over 1 to 36, with a hard credit check on every application.
Finmercado
Finmercado suits Mexican borrowers who need a small personal loan in the bank account the same day, with a soft prequalification and no origination fee. The trade-off is cost, with an informative CAT starting at from 677.47% and a short term, so this is a bridge rather than long-term credit.
Score breakdown
| Area | AskRobin MX | Finmercado |
|---|---|---|
| Cost | Not confirmed | 8.8Cost rests on the rate: the informative CAT starts at from 677.47%, with terms of 2 to 12 keeping balances short. |
| Offer | 9.0Higher | 8.8 |
| Trust | 8.2Higher | 8.1 |
If neither fits
Sofkredit has term at 6 to 240 months, against 1 to 36 months for AskRobin MX and 2 to 12 months for Finmercado.
Sofkredit reviewHow they place
| Ranking | AskRobin MX | Finmercado |
|---|---|---|
| Personal loans | 43 of 1920 | 40 of 1920 |
| Debt consolidation loans | 16 of 425 | 15 of 425 |
| Home improvement loans | 19 of 562 | 17 of 562 |
Every fact side by side
| Fact | AskRobin MX | Finmercado |
|---|---|---|
| Features | Not confirmed | Same day funding |
| Legal entity | Finceptiv OU | SIA JEFF |
| Headquarters | Estonia | Mexico |
| Founded | 2017 | Not confirmed |
| Support channels | Email, Chat, Help centre, Community | Email, Chat, Help centre, Community |
Where each stands against the rest
| Fact | AskRobin MX | Finmercado | Median |
|---|---|---|---|
| APR | Not confirmed | from 677.47%highest quarter | 8.99 |
| Term | 1 to 36 monthsbelow the median | 2 to 12 monthslowest quarter | 60 |
| Origination fee (%) | Not confirmed | 0%below the median | 0.25% |
Median across 1152 listed lenders.
Pros and cons
AskRobin MX
Pros
- The origination fee is 0, so there is no upfront cost to set up the loan
- Borrowing spans COP 100,000 to COP 10,000,000 and terms run 1 to 36
- Covers personal and debt consolidation loans, plus home improvement
Cons
- It is a marketplace, so the rate and terms depend on which lender answers your application
- Eligibility is tight: you need a Cedula de Ciudadania, provable income and a bank account in your own name
- Support runs on email, chat and help centre only, so there is no phone line to sort a disputed payment
Finmercado
Pros
- No fee for taking out a personal loan, since the origination fee is 0 MXN
- same day funding is offered and the deposit goes straight to your bank account
- The online application takes a few minutes, and partner lenders answer in minutes
Cons
- Fees are not the problem, interest is: from 677.47% is an informative rate and the representative example shows a total repayable well above the amount borrowed
- Terms run 2 to 12, so a larger balance has to be cleared quickly
- Support runs on email, chat and help centre only, with no phone line
Who each suits
AskRobin MX
Who it suits
- Colombian citizens with a Cedula de Ciudadania and provable income
- Borrowers consolidating several debts into one payment
- Anyone who wants to see offers without paying an origination fee
Who should look elsewhere
- Anyone without provable income or an active bank account in their own name
- Borrowers who want a rate locked before they apply, since lender terms vary
- People who want phone support, as email, chat and help centre does not include it
Finmercado
Who it suits
- Mexican residents with an INE and an active bank account who need a personal loan quickly
- Borrowers with poor credit who want a soft prequal check before a full application
- Anyone covering home improvement without paying an origination fee of 0 MXN
Who should look elsewhere
- Borrowers who can clear a mainstream credit test, since Monzo Flex quotes 10% to 23% against the from 677.47% Finmercado starts at
- Anyone needing a repayment window longer than 2 to 12
- Readers who want to talk a lender through by phone, since support runs on email, chat and help centre
Country by country
| Country | AskRobin MX | Finmercado |
|---|---|---|
| Colombia | Yes | No |
| Mexico | No | Yes |
Questions about each
AskRobin MX
Is there any fee for taking out a loan through askRobin Colombia?+
There is no origination fee, which the company lists as 0. The cost of the loan itself comes from the interest the matched lender charges, and that rate can differ between lenders.
How much can I borrow and over what period?+
The range runs from COP 100,000 to COP 10,000,000, with terms of 1 to 36. That covers both single personal loans and loans used to consolidate existing debts, so the amount you can take is matched to the purpose.
Finmercado
How much does borrowing from Finmercado cost?+
The informative CAT starts at from 677.47% and the origination fee is 0 MXN, so nothing is charged for setting the loan up. The representative example shows where the cost really sits: a small personal loan repaid over a short run of fortnightly payments, with a monthly interest rate quoted before VAT and a total repayable well above the amount borrowed.
Is there an arrangement fee to pay?+
The origination fee is 0 MXN, and no percentage charge sits on top because that figure is 0%. The whole cost therefore falls on the interest, which means the rate offered and the length of the term decide the bill rather than the setup.
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