Updated September 28, 2026 · BorrowCue Editorial Team
AvaFin vs Smava
AvaFin vs Smava: the differences
| Compare |  AvaFin |  Smava |
|---|---|---|
| APR | 7.85% to 52.94% | -0.4% to 19.9%Lower |
| Loan amount | €100 to €20,000 | €1,000 to €120,000Higher |
| Term | 3 to 84 months | 6 to 120 monthsHigher |
| Arrangement fee | 9.99% of the loan amount (contract formation fee) | 0 EUR |
| Credit check | Hard | Soft prequal |
| Funding time | Money sent within 15 minutes of approval, same day | Within a few working days; with digital account check and video ident some banks disburse the same day |
| Representative example | Consumer loan of 4,500 EUR over 48 months, monthly payment 132.85 EUR, total repayable 6,376 EUR, GPL (APR) 19.91% | 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 |
| Lender type | Direct lender | Marketplace |
| Free early repayment | YesHas it | No |
| Eligibility | Individuals over 18 with Czech or Slovak citizenship, a Czech phone number and a bank account | At least 18 years old, main residence in Germany, current account at a German bank, regular income, sufficient creditworthiness |
| Loan types | Personal, Debt consolidation, Credit line | Personal, Car, Debt consolidation, Business |
| Origination fee (%) | 9.99% | Not confirmed |
| Credit needed | Not confirmed | Fair |
Same on both: Rate type (Fixed), Use cases (Home improvement).
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Key differences
- Founded is lower at Smava: 2007 vs 2012.
- AvaFin is licensed in 1 more country.
- AvaFin is available in 4 more countries.
- APR is lower at Smava: -0.4% to 19.9% vs 7.85% to 52.94%.
- Free early repayment: only AvaFin.
- Loan amount is higher at Smava: €1,000 to €120,000 vs €100 to €20,000.
- Term is higher at Smava: 6 to 120 months vs 3 to 84 months.
- Support channels: only AvaFin offers Chat.
- Features: only AvaFin offers Credit line.
- Loan types: only AvaFin offers Credit line.
Our verdict on each
AvaFin
AvaFin lends directly, so what you apply for is what you sign: an APR of 7.85% to 52.94% on loans of €100 to €20,000. It suits Czech or Slovak residents who want personal, debt consolidation or home improvement money in a hurry, and can repay early without a charge.
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 | AvaFin | Smava |
|---|---|---|
| Cost | 8.8The 7.85% to 52.94% range tops out above the 12%, and the 9.99% of the loan amount (contract formation fee) adds to the interest. | 9.1Higher |
| Offer | 8.9 | 9.1HigherAmounts of €1,000 to €120,000, rates of -0.4% to 19.9%, no origination fee of 0 EUR and same day funding. |
| Trust | 8.9Higher | 8.5 |
The bill, worked out
Borrow a typical amount over a typical term (estimate at the stated APR)
AvaFin
1,256.2 to 10,138.62
1,256.2 to 10,138.62
Smava
-61.55 to 3,360.55
-61.55 to 3,360.55
Smava comes out 1,317.75 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Where they rank in our lists
| Ranking | AvaFin | Smava |
|---|---|---|
| Personal loans | 771 of 1920 | 122 of 1920 |
| Debt consolidation loans | 263 of 425 | 52 of 425 |
| Home improvement loans | 345 of 562 | 59 of 562 |
Feature by feature
| Loan types | AvaFin | Smava |
|---|---|---|
| Personal | Yes | Yes |
| Debt consolidation | Yes | Yes |
| Credit line | Yes | No |
| Car | No | Yes |
| Business | No | Yes |
| Use cases | AvaFin | Smava |
|---|---|---|
| Home improvement | Yes | Yes |
If neither fits
Absa Ghana Instant Loan has apr at -3% to 20%, against 7.85% to 52.94% for AvaFin and -0.4% to 19.9% for Smava.
Absa Ghana Instant Loan reviewEvery fact side by side
| Fact | AvaFin | Smava |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding, Credit lineCovers more | Same day funding |
| Legal entity | AvaFin Holding LTD | smava GmbH (HRB 97913, Amtsgericht Charlottenburg) |
| Headquarters | Cyprus | Germany |
| Founded | 2012 | 2007Lower |
| Support channels | Email, Phone, Chat, Help centreCovers more | Email, Phone, Help centre |
Mortgages
| Fact | AvaFin | Smava |
|---|---|---|
| Initial rate | Not confirmed | 3.2% |
| APRC | Not confirmed | 3.2% |
| Fixed period | Not confirmed | 10 years |
| Maximum loan to value | Not confirmed | 110% |
| Product fee | Not confirmed | €0 |
| Purpose | Not confirmed | Purchase, Remortgage |
Where each stands against the rest
| Fact | AvaFin | Smava | Median |
|---|---|---|---|
| APR | 7.85% to 52.94%below the median | -0.4% to 19.9%lowest quarter | 8.99 |
| Loan amount | €100 to €20,000below the median | €1,000 to €120,000highest quarter | €40,000 |
| Term | 3 to 84 monthsabove the median | 6 to 120 monthshighest quarter | 60 |
| Origination fee (%) | 9.99%highest quarter | Not confirmed | 0.25% |
Median across 1152 listed lenders.
Pros and cons
AvaFin
Pros
- You borrow from the lender itself rather than a broker, so direct lender keeps the chain short.
- Free early repayment is part of the deal, so settling ahead of schedule costs nothing extra.
- Speed is the strong point: Money sent within 15 minutes of approval, same day.
Cons
- The credit check is hard, so a rejection can leave a search on your file.
- You pay 9.99% of the loan amount (contract formation fee) when the contract is formed, on top of the interest.
- Eligibility is narrow: Czech or Slovak citizenship, a Czech phone number and a bank account.
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
AvaFin
Who it suits
- Czech or Slovak citizens with a Czech phone number and a bank account who can pass a hard credit check.
- Borrowers folding several balances into a single €100 to €20,000 repayment at a fixed rate.
- Anyone working to a date, because money moves Money sent within 15 minutes of approval, same day.
Who should look elsewhere
- Monzo Flex, if rate is the priority: 10% to 23% sits under AvaFin at the top end.
- Cashspace, which quotes PHP 12 to PHP 36 in a different currency and belongs to a different market.
- Borrowers wanting a soft prequalification, since the check listed here is hard.
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
AvaFin
Current offer
Discount code
Special offer for new clients: simple loan with no hidden fees (1-1-1), newly lower price: 1 CZK per day for each 1,000 CZK drawn
New customers; consumer loan (spotřebitelský úvěr) as revolving credit line; max first-loan amount 50,000 CZK
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 | AvaFin | Smava |
|---|---|---|
| Czechia | Yes | No |
| Germany | No | Yes |
| Latvia | Yes | No |
| Mexico | Yes | No |
| Poland | Yes | No |
| Spain | Yes | No |
Questions about each
AvaFin
What fees will I pay?+
AvaFin charges a contract formation fee on top of the interest, listed as 9.99% of the loan amount (contract formation fee). The rate itself is fixed at 7.85% to 52.94%, so payments do not drift across the term. Treat the fee as part of the true cost and compare the total repayable in the representative example with cheaper looking rivals.
How much can I borrow and over what term?+
Loans run €100 to €20,000 and terms run 3 to 84, which covers short repayments and longer ones for a bigger purchase. The loan types are personal, debt consolidation and credit line, so a consolidation loan and a home improvement loan sit under the same ceiling.
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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