Updated September 28, 2026 · BorrowCue Editorial Team
BBVA vs Sofkredit
What sets them apart
| Compare | BBVA ReviewVisitVisit |  Sofkredit |
|---|---|---|
| APR | 8.08% to 9.16%Lower | 10.74% to 18.06% |
| Loan amount | €3,000 to €75,000 | €12,000 to €300,000Higher |
| Term | 24 to 96 months | 6 to 240 monthsHigher |
| Arrangement fee | 0 EUR | 6% to 9% of the loan; on a 15,000 EUR mortgage-guaranteed loan the commission is 900 EUR minimum and 1,350 EUR maximum, charged by the collaborating lender; Sofkredit's own service costs the user nothing |
| Credit check | Hard | Soft prequal |
| Funding time | Money credited to your BBVA account after signing, in 3 steps | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| Representative example | EUR 10,000 over 8 years: EUR 145.47/month at 9.16% TAE, opening fee 0%, total EUR 13,976.85 | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR |
| Lender type | Direct lender | Broker |
| Eligibility | Must be a BBVA customer with an account; the 1% rate discount requires payroll (min net EUR 600/month) or pension (min EUR 300/month) domiciled at BBVA | Natural or legal persons of legal age (+18) with Spanish nationality or residence, holder of a bank account; for mortgage-guaranteed loans a property must be owned, free of charges or with at least 70% of the mortgage repaid |
| Origination fee (%) | 0%Lower | 6% to 9% |
| Loan types | Personal | Secured, Debt consolidation, Business |
| Rate type | Fixed | Not confirmed |
| Free early repayment | No | Not confirmed |
| Credit needed | Not confirmed | Poor |
Same on both: Use cases (Home improvement).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- BBVA scores higher overall: 9.4 vs 8.6.
- Sofkredit is licensed in 1 more country.
- Sofkredit is available in 2 more countries.
- APR is lower at BBVA: 8.08% to 9.16% vs 10.74% to 18.06%.
- Origination fee (%) is lower at BBVA: 0% vs 6% to 9%.
- Loan amount is higher at Sofkredit: €12,000 to €300,000 vs €3,000 to €75,000.
- Term is higher at Sofkredit: 6 to 240 months vs 24 to 96 months.
- Loan types: only BBVA offers Personal.
- Loan types: only Sofkredit offers Secured, Debt consolidation, Business.
Our verdict on each
BBVA
BBVA suits existing customers in Spain who want a fixed-rate personal loan with fees of 0 EUR and the money landing in their BBVA account. The cost picture is the draw: APR of 8.08% to 9.16% sits below the site median, 12%, though the account requirement narrows who can apply.
Sofkredit
Sofkredit suits Spanish borrowers who want property backed finance and can wait for a notary appointment. The headline cost is an arrangement fee of 6% to 9% of the loan, while Sofkredit's own service adds nothing beyond it.
Score breakdown
| Area | BBVA | Sofkredit |
|---|---|---|
| Cost | 8.9HigherAPR of 8.08% to 9.16% on a personal loan with fees of 0 EUR, below the site median, 12%. | 8.5 |
| Offer | 9.6Higher | 9.3Ranges cover €12,000 to €300,000, 6 to 240 and 10.74% to 18.06%, with home equity and remortgage and home improvement on the same application. |
| Trust | 9.6Higher | 8.3 |
How they place
| Ranking | BBVA | Sofkredit |
|---|---|---|
| Mortgages | 9 of 719 | 1 of 719 |
| Home improvement loans | 34 of 562 | 2 of 562 |
Ranges side by side
| Fact | BBVA | Sofkredit |
|---|---|---|
| APR | 8.08% to 9.16% | 10.74% to 18.06% |
| Loan amount | €3,000 to €75,000 | €12,000 to €300,000 |
| Term | 24 to 96 months | 6 to 240 months |
What each covers
| Loan types | BBVA | Sofkredit |
|---|---|---|
| Personal | Yes | No |
| Debt consolidation | No | Yes |
| Secured | No | Yes |
| Business | No | Yes |
| Use cases | BBVA | Sofkredit |
|---|---|---|
| Home improvement | Yes | Yes |
Choosing between them
Pick BBVA if cost, offer, apr, and origination fee (%) matter most.
Pick Sofkredit if loan amount and term matter most.
Every fact side by side
| Fact | BBVA | Sofkredit |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Features | Not confirmed | Same day funding |
| Legal entity | Banco Bilbao Vizcaya Argentaria S.A. | Kova Finance, S.L. |
| Headquarters | Spain | Spain |
| Founded | 1857 | Not confirmed |
| Support channels | Not confirmed | Email, Phone, Help centre |
Mortgages
| Fact | BBVA | Sofkredit |
|---|---|---|
| Initial rate | Not confirmed | 8% to 14% |
| APRC | Not confirmed | 10.74% to 18.06% |
| Fixed period | Not confirmed | 0.5 to 20 years |
| Maximum loan to value | Not confirmed | 30% |
| Product fee | Not confirmed | €900 to €1,350 |
| Purpose | Not confirmed | Home equity, Remortgage |
Where each stands against the rest
| Fact | BBVA | Sofkredit | Median |
|---|---|---|---|
| APR | 8.08% to 9.16%below the median | 10.74% to 18.06%above the median | 8.99 |
| Loan amount | €3,000 to €75,000above the median | €12,000 to €300,000highest quarter | €40,000 |
| Term | 24 to 96 monthsabove the median | 6 to 240 monthshighest quarter | 60 |
| Origination fee (%) | 0%below the median | 6% to 9%highest quarter | 0.25% |
Median across 1005 listed lenders.
Pros and cons
BBVA
Pros
- APR of 8.08% to 9.16% sits below the site median, 12%.
- Fees of 0 EUR on a personal loan, so the quoted rate is not padded by an opening charge.
- Money is credited to the BBVA account after signing, so settlement needs no new payee setup.
Cons
- Free early repayment is no, so clearing the balance sooner carries a cost.
- Eligibility starts with holding a BBVA account, and the rate discount asks for a payroll or pension domiciled at BBVA.
- The credit check is hard, so a decline can leave a mark on the credit file.
Sofkredit
Pros
- Sofkredit's own service costs nothing, so the only charge to weigh is the lender's arrangement fee of 6% to 9%.
- The loan range €12,000 to €300,000 and the term range 6 to 240 suit both renovation projects and debt consolidation.
- Eligibility leans towards weaker files, with the credit needed listed as poor, and the credit check is soft prequal.
Cons
- The arrangement fee of 6% to 9% is a large share of the loan, and the product fee on a small mortgage guaranteed loan runs €900 to €1,350.
- Maximum loan to value is 30%, well below the 90% across listed lenders, so equity of your own is required.
- Sofkredit is a broker, so the contract sits with the collaborating lender rather than the site you apply through.
Who each suits
BBVA
Who it suits
- Existing BBVA account holders in Spain with a domiciled payroll or pension who want a rate they can plan around.
- Borrowers funding a home improvement project who can spread the cost, since terms run 24 to 96.
- Readers who prefer the lender to hold the contract rather than a broker, since BBVA is a direct lender.
Who should look elsewhere
- Cashspace, priced at an APR of PHP 12 to PHP 36, if you want a different rate band than BBVA's 8.08% to 9.16%.
- Monzo Flex, at 10% to 23%, for readers comparing a UK lender rather than a Spanish bank.
- Cashspace ES, whose listed APR of 0% reads lower than BBVA's 8.08% to 9.16%.
Sofkredit
Who it suits
- Spanish residents and nationals who own a property that is free of charges or has most of its mortgage repaid
- Borrowers consolidating several debts into one payment, since debt consolidation is among the secured, debt consolidation and business
- Homeowners funding renovation work, as home improvement is the main listed use case
Who should look elsewhere
- Anyone who needs money the same week without a notary appointment, against the stated funding time
- Borrowers who want to borrow more than a low share of their property's value, given the 30% cap
- Small lenders wanting a quick online application rather than the documentation and notary steps this route involves
Country by country
| Country | BBVA | Sofkredit |
|---|---|---|
| France | No | Yes |
| Italy | No | Yes |
| Spain | Yes | Yes |
Questions about each
BBVA
What rate does BBVA charge on a personal loan?+
The personal loan carries an APR of 8.08% to 9.16%, fixed for the whole term. The published example pairs that rate with fees of 0 EUR, so the quoted figure is not padded by an opening charge. Terms run 24 to 96, which shapes the monthly instalment.
Is BBVA regulated?+
BBVA appears in the Spanish register under the Comision Nacional del Mercado de Valores (CNMV), listed as licence MiCA CASP K8MS7FD7N5Z2WQ51AZ71. The legal entity behind the brand is Banco Bilbao Vizcaya Argentaria S.A., and the bank is a direct lender, so the contract is with the bank itself.
Sofkredit
What does Sofkredit charge to arrange a loan?+
The arrangement fee runs 6% to 9% of the loan and is charged by the collaborating lender. On a small mortgage guaranteed loan the commission falls within €900 to €1,350. Sofkredit's own service costs the borrower nothing beyond that lender charge.
How much can I borrow and for how long?+
Loan amounts run €12,000 to €300,000 and terms run 6 to 240, so the range is wide enough for a renovation or a debt consolidation. Terms and amounts are set by the collaborating lender rather than by the site you apply through.
Other options to compare
Other matchups
- Sofkredit vs First National Bank of Omaha
- Sofkredit vs Wells Fargo
- Sofkredit vs AffinityPlus Credit Union
- Sofkredit vs Alterna Bank
- Sofkredit vs Banco General
- Sofkredit vs BBK
- Sofkredit vs ING Germany
- Sofkredit vs AIB
- Sofkredit vs National Bank of Malawi Mo626 Digital+
- Sofkredit vs VCB Bank
- Sofkredit vs Cathay United Bank
- Sofkredit vs Oney Préstamos ES
- Sofkredit vs Quick Car Finance
- Sofkredit vs Prestamiau ES
- Sofkredit vs Prestamiau
- Sofkredit vs Fidea
- Sofkredit vs 5in5
- Sofkredit vs Qonto ES
- Sofkredit vs Fiesta Credito
- Sofkredit vs Fiesta Credito MX
- BBVA vs Lendela
- Sofkredit vs Creditio
- BBVA vs Commerzbank
- Sofkredit vs BriteCap Financial
- BBVA vs Postbank
- Sofkredit vs Consumers Credit Union
- Sofkredit vs Upgrade
- BBVA vs CHECK24
- BBVA vs MoneyHero
- Sofkredit vs Nazivnost
- Sofkredit vs Smartney
- BBVA vs CitiBank AE
- BBVA vs Borrowell
- Sofkredit vs LEND.ch