Updated October 14, 2026 · BorrowCue Editorial Team
BAWAG vs Qonto ES
Where BAWAG and Qonto ES differ
| Compare | BAWAG ReviewSee alternativesSee alternatives |  Qonto ES |
|---|---|---|
| Loan amount | €4,000 to €75,000 | €750 to €1,000,000Higher |
| Term | 12 to 120 monthsHigher | 1 to 12 months |
| Funding time | Payout within 24 hours | Answer within max 48 h, money in the Qonto account within a few days |
| Lender type | Direct lender | Broker |
| Eligibility | Minimum age 18, main residence in Austria | PragmaGO loan: registered office in Spain, company registered at least 1 year, 12 months of activity, any legal form or autonomo, minimum 250 EUR monthly turnover, Qonto account required |
| Loan types | Personal, Debt consolidation, Car | Business, Credit line |
| APR | Not confirmed | 19.5% |
| Arrangement fee | 0 EUR - no processing fee (keine Bearbeitungsgebuehr) | Not confirmed |
| Free early repayment | No | Not confirmed |
| Origination fee (%) | 0% | Not confirmed |
| Credit needed | Not confirmed | Good |
| Use cases | Home improvement | Not confirmed |
Same on both: Credit check (Hard), Rate type (Fixed).
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Key differences
- BAWAG scores higher overall: 9.1 vs 8.6.
- Qonto ES is licensed in 1 more country.
- Qonto ES is available in 29 more countries.
- Loan amount is higher at Qonto ES: €750 to €1,000,000 vs €4,000 to €75,000.
- Term is higher at BAWAG: 12 to 120 months vs 1 to 12 months.
- Support channels: only Qonto ES offers Chat.
- Loan types: only BAWAG offers Personal, Debt consolidation, Car.
- Loan types: only Qonto ES offers Business, Credit line.
Our verdict on each
BAWAG
BAWAG’s Online Kredit is an Austrian consumer loan with an online application. The process includes identity confirmation and signing the loan agreement, and applicants must have their primary residence in Austria.
Qonto ES
Qonto suits Spanish businesses and sole traders that keep a Qonto account and want a fixed rate on a revolving facility. The trade-off is cost: at 19.5% with a hard credit check, it prices above the 12% median across the site, so the flexibility has to earn its place.
Score breakdown
| Area | BAWAG | Qonto ES |
|---|---|---|
| Cost | 8.9Higher | 8.5The rate is 19.5%, above the 12% site median, on a fixed rate with a hard credit check. |
| Offer | 9.4Higher | 9.0 |
| Trust | 9.2Higher | 8.3 |
Side by side, item by item
| Loan types | BAWAG | Qonto ES |
|---|---|---|
| Personal | Yes | No |
| Debt consolidation | Yes | No |
| Credit line | No | Yes |
| Car | Yes | No |
| Business | No | Yes |
Where each is licensed and available
| Country | BAWAG | Qonto ES |
|---|---|---|
| Austria | Not confirmed | |
| France | Not confirmed | ACPR 16958 FR_ACPR PSD_PI FR_ACPR!68677 |
| Spain | Not confirmed | Banco de Espana 16958 |
Available in 1 country for both. Additional countries for Qonto ES: 29.
Choosing between them
Pick BAWAG if cost, offer, trust, and term matter most.
Pick Qonto ES if loan amount matter most.
From lowest to highest
| Fact | BAWAG | Qonto ES |
|---|---|---|
| Loan amount | €4,000 to €75,000 | €750 to €1,000,000 |
| Term | 12 to 120 months | 1 to 12 months |
Every fact side by side
| Fact | BAWAG | Qonto ES |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Not confirmed | Credit line |
| Legal entity | BAWAG P.S.K. Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse Aktiengesellschaft | QONTO |
| Headquarters | Austria | France |
| Support channels | Phone, Email, Help centre | Chat, Email, Phone, Help centreCovers more |
Mortgages
| Fact | BAWAG | Qonto ES |
|---|---|---|
| Maximum loan to value | 80% | Not confirmed |
| Purpose | Purchase, Remortgage | Not confirmed |
Where each stands against the rest
| Fact | BAWAG | Qonto ES | Median |
|---|---|---|---|
| APR | Not confirmed | 19.5%highest quarter | 8.99% |
| Loan amount | €4,000 to €75,000above the median | €750 to €1,000,000highest quarter | €40,000 |
| Term | 12 to 120 monthshighest quarter | 1 to 12 monthslowest quarter | 60 |
| Origination fee (%) | 0%below the median | Not confirmed | 0.25% |
Median across 1152 listed lenders.
Pros and cons
BAWAG
Pros
- The Online Kredit is described as a consumer loan with an online application.
- The described application includes identity confirmation and contract signing.
Cons
- Applicants must have their primary residence in Austria; lender requirements also apply.
Qonto ES
Pros
- The rate is fixed (fixed), so the cost of drawn credit does not reset with market moves.
- The facility is a credit line (credit line) as well as a business loan (business and credit line), so one relationship covers a repeating need and a single large draw.
- Amounts run €750 to €1,000,000, wide enough for an equipment purchase or a payroll bridge.
Cons
- The rate of 19.5% sits above the 12% median across the site and up in the 24.92% band, which makes it an expensive way to borrow.
- The credit check is hard (hard) and the bar is good credit (good), so a thin file has no route here.
- The facility runs 1 to 12, so a drawn balance has to clear inside a short window rather than be spread over years.
Who each suits
BAWAG
Who it suits
- People with primary residence in Austria who want to compare online consumer-loan applications.
Who should look elsewhere
- Applicants without primary residence in Austria.
Qonto ES
Who it suits
- Businesses registered in Spain that already run a Qonto account and need working capital between invoices.
- Autonomos and companies of any legal form that clear the eligibility bar and want a revolving line rather than a single lump sum.
- Firms that value a fixed rate (fixed) on short drawn balances more than the lowest headline number.
Who should look elsewhere
- Businesses chasing the lowest rate: Plazo ES lists 24.19% against Qonto's 19.5%, and that gap is worth pricing first.
- Anyone without a Qonto account or a registered office in Spain, because eligibility needs both, so Cashspace is the other listed name to check.
- Borrowers with a thin credit file, since the check is hard (hard) and the bar is good credit (good), so Vivus ES is worth checking for a softer route.
Current offers
BAWAG
Current offer
Discount code
Konto Prozent: 5% account fee back with Online Kredit: 5% account management fee back monthly, up to 45% in total with Konto Prozent
Register via BAWAG Banking App; applies to KontoBox Small, Medium, Large and XLarge salary, private and pension accounts; credit approval required
Source, checked September 26, 2026
Qonto ES
Current offer
Bonus
Welcome bonus (Bono de Bienvenida): 300 EUR
Open a Qonto business account; offer shown as valid only until 7/10; spend with your Qonto card to earn
Source, checked September 26, 2026
First period offer
Free Qonto months with first approved financing (Qonto x PragmaGO): 2 months of Qonto free, up to 1 year if requesting over 25,000 EUR
Approved financing request through the PragmaGO partner offer
Source, checked September 26, 2026
Country by country
| Country | BAWAG | Qonto ES |
|---|---|---|
| Belgium | No | Yes |
| Bulgaria | No | Yes |
| Croatia | No | Yes |
| Cyprus | No | Yes |
| Czechia | No | Yes |
| Denmark | No | Yes |
| Estonia | No | Yes |
| Finland | No | Yes |
8 of 30 countries where either is available.
Questions about each
Qonto ES
What rate do I pay on this business line?+
The listed rate is 19.5%, which sits above the 12% median across the site and up in the 24.92% band. Because the deal runs through a broker (broker), the partner lender's own pricing is what ends up on your offer, so treat the published figure as the number to test against other quotes.
Is the rate fixed, or can it change?+
It is fixed (fixed), and the pricing model is a fixed rate one (fixed rate). That is the commonest structure here, with 80.5% of the brands on the site pricing this way, so the rate you agree holds for the life of the drawn credit rather than resetting at renewal.
How much can I borrow?+
Amounts run €750 to €1,000,000, so the line covers a small working capital gap or a much larger purchase. It is structured as a credit line (credit line) and a business loan (business and credit line), which means you draw what you need and repay it rather than taking a single fixed slice and living with it.
How long do I have to clear a drawn balance?+
The facility runs 1 to 12, which is much shorter than the 42 median term across business loans in this data. A revolving line with a short window suits money that comes back through quickly, such as stock or invoiced sales, rather than a project that pays back over a long period.
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