Updated September 28, 2026 · BorrowCue Editorial Team
Commerzbank vs Prestalo
What sets them apart
| Compare |  Commerzbank |  Prestalo |
|---|---|---|
| APR | 3.29% to 12.49%Lower | 4.1% to 30% |
| Loan amount | €1,500 to €100,000 | €500 to €100,000 |
| Term | 6 to 119 months | 1 to 120 monthsHigher |
| Funding time | Payout generally within 24 hours after the fully digital application and credit approval | Money transferred to your bank account, normally within 24 to 48 hours |
| Representative example | Ratenkredit legally required representative example: effective annual rate 6.64% p.a., fixed nominal rate 6.45% p.a., term 60 months, net loan amount EUR 10,000, 60 monthly instalments of EUR 195.41, total EUR 11,724.55 | EUR 5,000 loan repaid over 60 months, fixed annual interest 6.11%, TAE 6.28%, monthly payment 96.62 EUR, no opening or early-repayment fee, total repayable 5,815.20 EUR |
| Lender type | Direct lender | Broker |
| Eligibility | At least 18 years old, fixed residence in Germany, current account at a German bank receiving salary or pension, statutory credit check with a Schufa report free of negative entries; private purposes only, not for the self-employed | 18 or over, resident in Spain, valid DNI or NIE, stable sufficient income |
| Loan types | Personal | Personal, Payday, Car, Debt consolidation, SecuredCovers more |
| Arrangement fee | Not confirmed | 0 EUR |
| Credit needed | Not confirmed | Good |
| Use cases | Not confirmed | Home improvement |
Same on both: Credit check (Hard), Rate type (Fixed), Free early repayment (Yes).
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Key differences
- Commerzbank scores higher overall: 9.4 vs 8.8.
- Founded is lower at Commerzbank: 1870 vs 2018.
- APR is lower at Commerzbank: 3.29% to 12.49% vs 4.1% to 30%.
- Term is higher at Prestalo: 1 to 120 months vs 6 to 119 months.
- Support channels: only Prestalo offers Chat.
- Loan types: only Prestalo offers Payday, Car, Debt consolidation.
Our verdict on each
Commerzbank
Commerzbank suits German salaried employees and pensioners with a clean Schufa record who want a fixed-rate instalment loan from a bank they already hold an account with. Interest runs at 3.29% to 12.49% on amounts of €1,500 to €100,000, and payout generally lands within a day of approval.
Prestalo
Prestalo suits Spanish residents who want one broker covering personal and mortgage borrowing, with personal loan APR of 4.1% to 30% and no arrangement fee.
Score breakdown
| Area | Commerzbank | Prestalo |
|---|---|---|
| Cost | 9.4 | 9.4 |
| Offer | 9.2HigherDirect lender offering personal loans at 3.29% to 12.49%, terms of 6 to 119 and free early repayment on the instalment product. | 9.0Personal loans at 4.1% to 30% with arrangement fee 0 EUR and free early repayment, plus a mortgage at 2.36% and APRC 2.97%. |
| Trust | 9.6Higher | 8.3 |
Ranges side by side
| Fact | Commerzbank | Prestalo |
|---|---|---|
| APR | 3.29% to 12.49% | 4.1% to 30% |
| Loan amount | €1,500 to €100,000 | €500 to €100,000 |
| Term | 6 to 119 months | 1 to 120 months |
What we checked
Commerzbank
- commerzbank.de: 16 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
Prestalo
- prestalo.com: 20 facts, checked September 26, 2026
How they place
| Ranking | Commerzbank | Prestalo |
|---|---|---|
| Personal loans | 80 of 1932 | 60 of 1932 |
| Mortgages | 8 of 719 | 5 of 719 |
| Remortgage deals | 8 of 351 | 5 of 351 |
Every fact side by side
| Fact | Commerzbank | Prestalo |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding | Same day funding |
| Legal entity | Commerzbank Aktiengesellschaft | PRESTALO ONLINE, S.L. |
| Headquarters | Germany | Spain |
| Founded | 1870Lower | 2018 |
| Support channels | Email, Phone, Help centre | Email, Chat, Phone, Help centreCovers more |
Mortgages
| Fact | Commerzbank | Prestalo |
|---|---|---|
| Initial rate | 4.45% | 2.36%Lower |
| APRC | 4.54% | 2.97%Lower |
| Fixed period | 10 years | 25 yearsHigher |
| Maximum loan to value | 60% | 80%Higher |
| Product fee | Not confirmed | €0 |
| Purpose | Purchase, Remortgage, Home equityCovers more | Purchase, Remortgage |
Where each stands against the rest
| Fact | Commerzbank | Prestalo | Median |
|---|---|---|---|
| APR | 3.29% to 12.49%lowest quarter | 4.1% to 30%lowest quarter | 8.99 |
| Loan amount | €1,500 to €100,000highest quarter | €500 to €100,000highest quarter | €40,000 |
| Term | 6 to 119 monthshighest quarter | 1 to 120 monthshighest quarter | 60 |
Median across 1005 listed lenders.
Pros and cons
Commerzbank
Pros
- You deal with a direct lender, so the bank sets the rate and funds the loan with no broker in between.
- Installments run at 3.29% to 12.49% on a fixed basis, and early repayment is free.
- Payout generally lands within a day once a fully digital application is approved, and the loan carries same day funding.
Cons
- The credit check is hard: hard, and eligibility wants a Schufa report free of negative entries.
- Lending covers private purposes and personal loans only, so the self-employed are excluded.
- Support runs on email, phone and help centre only.
Prestalo
Pros
- Personal loan APR runs 4.1% to 30% with arrangement fee 0 EUR, so the headline cost is the interest and nothing else.
- Free early repayment means clearing the balance early costs nothing, which suits anyone whose income may rise.
- Rate type is fixed and the model is fixed rate, so the monthly payment does not move when base rates shift.
Cons
- Credit check is hard and the credit needed is good, which rules out anyone with a thin or damaged credit file.
- Lender kind is broker, so the lender you end up with is chosen by a third party rather than by you.
- APR of 4.1% to 30% spans from below the personal loan median of 12% to well above it, so the rate you are offered depends heavily on your file.
Who each suits
Commerzbank
Who it suits
- Adults living in Germany permanently whose salary or pension is paid into a current account at a German bank.
- Borrowers happy with one fixed rate for the whole term who can clear the balance early at no extra cost.
- Homebuyers and remortgagers who can live with a maximum loan to value of 60%.
Who should look elsewhere
- Self-employed applicants, as the instalment loan is for private purposes only.
- Borrowers chasing the lowest headline rate: Cashspace ES shows 0% and Monzo Flex 10% to 23%, but neither is a German bank loan for residents here.
Prestalo
Who it suits
- Adults in Spain with a good credit file and stable income who want a fixed-rate personal loan with no arrangement fee.
- Borrowers taking out a mortgage through a broker at an initial rate of 2.36% and APRC 2.97% with no product fee.
- People who expect to clear the loan early and value free early repayment.
Who should look elsewhere
- Anyone needing a variable-rate loan, since the rate type is fixed and the mortgage runs fixed for 25.
- Borrowers with a poor credit history, given the hard credit check and the good credit requirement.
- Shoppers who want to pick the lender directly, since Prestalo works as broker.
Current offers
Commerzbank
Current offer
Bonus
Automatic individual rate advantage on Ratenkredit for free use concluded online or in the app: 0.01% to 0.6% p.a. lower rate
Valid until further notice; only for Ratenkredite zur freien Verfügung concluded via the online application or app; contracts via comparison portals excluded; amount depends on term and creditworthiness
Source, checked September 26, 2026
Country by country
| Country | Commerzbank | Prestalo |
|---|---|---|
| Germany | Yes | No |
| Spain | No | Yes |
Questions about each
Commerzbank
What interest rate do I pay on a Commerzbank instalment loan?+
The instalment loan is fixed-rate, so fixed rates of 3.29% to 12.49% apply for the whole term. The legally required representative example also sets out the effective annual rate, the nominal rate, the term, the net amount borrowed, the monthly instalment and the total repaid, which makes the real cost easy to check before applying.
How much can I borrow, and over what term?+
Amounts run €1,500 to €100,000 on the instalment loan, and the term runs 6 to 119. You repay in fixed monthly instalments, so a longer term lowers each payment but raises the total repaid, while a shorter term does the opposite.
Prestalo
What APR does Prestalo charge on a personal loan?+
Personal loan APR is 4.1% to 30%, which covers the full cost of the credit as a single yearly rate. The arrangement fee is 0 EUR, so there is nothing on top of that figure to add separately. The rate is fixed, so the monthly payment holds steady for the whole term.
Is there any fee to open or repay a Prestalo loan early?+
The arrangement fee is 0 EUR and early repayment is free, so clearing the balance ahead of schedule carries no charge. The mortgage product fee is €0 as well. Together these mean your exit options stay open on both the personal loan and the mortgage.
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