Compass review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Compass lends directly in Italy as a bank, not a broker, at a fixed 7.38% to 15.84% with the arrangement fee waived on the smaller online loans. It suits residents in Italy who are consolidating debt or funding home improvements and want a predictable 24 to 96 schedule.

Key facts

Best for
Fixed-rate personal and debt consolidation loans in Italy with the fee waived on the smaller online tier.
APR
7.38% to 15.84% (Source, checked September 26, 2026)
Loan amount
€1,000 to €30,000 (Source, checked September 26, 2026)
Term
24 to 96 months (Source, checked September 26, 2026)
Arrangement fee
0 EUR for online loans from 1,000 to 5,000 EUR (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Outcome within the next working day; existing app customers up to 5,000 EUR in 60 seconds (Source, checked September 26, 2026)
Representative example
Prestito Online EUR 7,000: TAEG 7.38% to 15.84%, fixed TAN 6.9% to 13.89%, 60 monthly instalments of EUR 138.69 to 139.92 (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Italian or foreign citizen aged 18 to 82, resident in Italy (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Compass Banca S.p.A. (Source, checked September 26, 2026)
Headquarters
Italy (Source, checked September 26, 2026)
Founded
1960 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
compass.it

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataXLinkedInyoutube.com

Pros and cons

Pros

  • Same-day funding is a listed feature, same day funding, and funding outcomes arrive by the next working day.
  • Free early repayment means a fixed-rate loan can be settled early at no cost to the lender.
  • Support runs on phone and help centre, giving a phone line alongside a help centre.
  • The counterparty is a bank rather than a broker, direct lender, with Compass Banca S.p.A. behind the lending.

Cons

  • The credit check is a hard one, hard, so the whole file goes to the lender and the outcome can sit on the credit record.
  • Support runs on phone and help centre only.
  • The top of the 7.38% to 15.84% band sits above the site median of 12% for loans on file.
Compass

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Scored 9.3 / 10 by BorrowCue.

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Who it suits

  • Residents in Italy, Italian or foreign citizens within a set age band, Italian or foreign citizen aged 18 to 82, resident in Italy, who want to deal with the lender itself.
  • Borrowers consolidating existing debt or funding home improvement, personal and debt consolidation and home improvement, on a fixed instalment.
  • Existing app customers, who sit on the faster funding route for smaller loans and pay 0 EUR for online loans from 1,000 to 5,000 EUR.

Who should look elsewhere

  • Cashspace, at PHP 12 to PHP 36, for anyone whose priority is the lowest headline rate rather than a bank counterparty.
  • Monzo Flex, at 10% to 23%, for borrowers who need a rate starting below 7.38% to 15.84%.
  • Cashspace ES, listed at 0%, for readers who want to weigh offers outside Italy.

How Compass compares

Where Compass is available

Available
Italy
Licence in Italy
Banca d'Italia (Albo dei Gruppi Bancari n. 1030 (Gruppo Bancario Monte dei Paschi di Siena)), checked September 26, 2026
Licence in Italy
IVASS (RUI D000203141 sez. D), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does a Compass loan cost?+

Compass charges 0 EUR for online loans from 1,000 to 5,000 EUR on its smaller online loans, and the rate is fixed, fixed, so instalments do not move. The headline annual cost runs across 7.38% to 15.84%, and the published example shows the same amount repaid with instalments at either end of that band.

Is Compass regulated in Italy?+

Yes. Compass Banca S.p.A., listed as Compass Banca S.p.A., appears in Banca d'Italia's register of banking groups within the Monte dei Paschi di Siena group, and it also holds an IVASS registration, RUI D000203141 sez. D. The lending is bank business, not a broker passing files on.

How fast does Compass pay out?+

Funding outcomes arrive by the next working day, and existing app customers get a faster route for smaller loans. Same-day funding is one of the features Compass lists, same day funding, which matters when a payment is already due and the delay would cost more than the loan.

What credit check does Compass run?+

The search is a hard one, hard, so the whole file is shared with the lender and the outcome can sit on the credit record. That makes it a single pass rather than a staged one, which counts most for applicants with a thin file.

How much can I borrow and over what term?+

Loans run €1,000 to €30,000 and are repaid over 24 to 96. Compass covers personal loans and debt consolidation, personal and debt consolidation, and lists home improvement as a use, home improvement, so the same facility can carry a consolidation and a refurbishment.

Who can apply for a Compass loan?+

Compass lends to residents in Italy, Italian or foreign citizens, within a set age band, Italian or foreign citizen aged 18 to 82, resident in Italy. Applying goes to the bank itself, direct lender, rather than to a broker who passes the file on, which keeps the counterparty singular.

Can I repay a Compass loan early?+

Yes, free early repayment applies, so settling the loan early carries no fee from the lender. With a fixed rate, fixed, that early exit is a real option for anyone whose income is rising or whose other debts are being cleared.

How does Compass compare with rates advertised elsewhere?+

Cashspace lists PHP 12 to PHP 36 and Cashspace ES lists 0%, both in markets outside Italy, while Monzo Flex runs 10% to 23%, above the 7.38% to 15.84% band here. A headline rate from another market says little about the fees and checks behind it.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Compass

Compass

Fixed-rate personal and debt consolidation loans in Italy with the fee waived on the smaller online tier.

9.3/10Visit

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