Updated September 28, 2026 · BorrowCue Editorial Team
Credit+ vs Smava
What sets them apart
| Compare |  Credit+ |  Smava |
|---|---|---|
| APR | 0.1% to 0.5% | -0.4% to 19.9%Lower |
| Loan amount | ₹8,000 to ₹35,000 | €1,000 to €120,000 |
| Term | 91 months | 6 to 120 monthsHigher |
| Arrangement fee | 5% to 7% processing charges, deducted from the loan at disbursement | 0 EUR |
| Credit check | Hard | Soft prequal |
| Funding time | 15-20 minutes | Within a few working days; with digital account check and video ident some banks disburse the same day |
| Rate type | Variable | Fixed |
| Lender type | Direct lender | Marketplace |
| Free early repayment | YesHas it | No |
| Eligibility | Indian citizens aged 18-55, salaried professionals, minimum monthly salary INR 20,000, salary credited to an active bank account, minimum credit score 680 | At least 18 years old, main residence in Germany, current account at a German bank, regular income, sufficient creditworthiness |
| Loan types | Personal | Personal, Car, Debt consolidation, BusinessCovers more |
| Credit needed | Good | Fair |
| Representative example | Not confirmed | 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 |
| Origination fee (%) | 5% to 7% | Not confirmed |
Same on both: Use cases (Home improvement).
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Key differences
- Credit+ scores higher overall: 9.2 vs 8.9.
- APR is lower at Smava: -0.4% to 19.9% vs 0.1% to 0.5%.
- Free early repayment: only Credit+.
- Term is higher at Smava: 6 to 120 months vs 91 months.
- Loan types: only Smava offers Car, Debt consolidation, Business.
Our verdict on each
Credit+
Credit+ suits salaried professionals with a good credit score who want a personal loan for home improvement funded quickly. Disbursement takes 15-20 minutes, the rate is variable and early repayment is free, but processing charges of 5% to 7% come off the loan before it reaches your account.
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 | Credit+ | Smava |
|---|---|---|
| Cost | 9.1 | 9.1 |
| Offer | 9.2HigherOffer scores on a 0.1% to 0.5% rate band, a 91 month term and a hard credit check. | 9.1Amounts of €1,000 to €120,000, rates of -0.4% to 19.9%, no origination fee of 0 EUR and same day funding. |
| Trust | 9.2Higher | 8.5 |
What each covers
| Loan types | Credit+ | Smava |
|---|---|---|
| Personal | Yes | Yes |
| Debt consolidation | No | Yes |
| Car | No | Yes |
| Business | No | Yes |
| Use cases | Credit+ | Smava |
|---|---|---|
| Home improvement | Yes | Yes |
From lowest to highest
| Fact | Credit+ | Smava |
|---|---|---|
| APR | 0.1% to 0.5% | -0.4% to 19.9% |
Where these facts come from
Credit+
- credittnow.com: 18 facts, checked September 26, 2026
Smava
- smava.de: 20 facts, checked September 26, 2026
How they place
| Ranking | Credit+ | Smava |
|---|---|---|
| Personal loans | 448 of 1920 | 122 of 1920 |
| Home improvement loans | 174 of 562 | 59 of 562 |
Every fact side by side
| Fact | Credit+ | Smava |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding | Same day funding |
| Legal entity | Credify Technologies Private Limited | smava GmbH (HRB 97913, Amtsgericht Charlottenburg) |
| Headquarters | India | Germany |
| Founded | Not confirmed | 2007 |
| Support channels | Email, Phone, Help centre | Email, Phone, Help centre |
Mortgages
| Fact | Credit+ | 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 | Credit+ | Smava | Median |
|---|---|---|---|
| APR | 0.1% to 0.5%lowest quarter | -0.4% to 19.9%lowest quarter | 8.99 |
| Term | 91 monthsabove the median | 6 to 120 monthshighest quarter | 60 months |
| Origination fee (%) | 5% to 7%highest quarter | Not confirmed | 0.25 |
Median across 1152 listed lenders.
Pros and cons
Credit+
Pros
- The standout feature is same day funding, with 15-20 minutes from approval to your account.
- Early repayment is free, so a windfall can clear the balance early.
- It is a direct lender, so one party handles the application and the payout.
Cons
- Processing charges of 5% to 7% come off the loan at disbursement, so the approved amount never reaches you in full.
- The rate is variable, so instalments can move with the market rather than staying level.
- The credit check is hard, so a search sits on your file.
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
Credit+
Who it suits
- Salaried professionals whose salary is credited to an active bank account.
- Borrowers who need the money quickly for home improvement work.
- Anyone comfortable with a good credit score and the eligibility rules.
Who should look elsewhere
- Monzo Flex, whose rate of 10% to 23% sits in a different market and currency.
- Cashspace, at PHP 12 to PHP 36, if a published rate band is easier to weigh than a variable rate.
- Cashspace ES, where the listed rate of 0% is worth checking first if you can qualify.
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
Credit+
Current offer
Bonus
10x Coins on Your First Loan: 10x coins
Offered in the Creditt+ app on the first loan
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 | Credit+ | Smava |
|---|---|---|
| Germany | No | Yes |
| India | Yes | No |
Questions about each
Credit+
What rate do I pay on a Credit+ loan?+
The quoted rate is 0.1% to 0.5% and the rate type is variable, so instalments can move with the market over the 91 month term rather than staying level throughout. The rate is set for each borrower at application, so an offer can differ from the headline band.
How much can I borrow?+
Loan amounts run INR 8,000 to INR 35,000, which suits a mid-sized renovation or a mix of costs rather than a property purchase. The figure you receive is set against your salary and credit file at application, and the balance is repaid over a term of 91 months.
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.