Updated September 28, 2026 · BorrowCue Editorial Team
Finipay vs Finmercado
Where Finipay and Finmercado differ
| Compare |  Finipay |  Finmercado |
|---|---|---|
| APR | 0% to 212%Lower | from 677.47% |
| Loan amount | €300 to €5,000 | MX$500 to MX$200,000 |
| Term | 3 to 60 monthsHigher | 2 to 12 months |
| Arrangement fee | 0 EUR | 0 MXN |
| Funding time | Under 24 hours | Online application in about 5 minutes; partner lenders answer in minutes and deposit goes to the customer's bank account |
| Representative example | Personal loan of 1,000 EUR repaid in 12 monthly instalments: 342.22 EUR in costs, 1,342.22 EUR total repayable, APR 81% | Personal loan of MXN 2,000 over 6 quincenas, 6 payments of MXN 647, total to pay MXN 3,882; monthly interest rate 28% to 49.50% (without VAT), informative CAT from 677.47% |
| Lender type | Broker | Marketplace |
| Eligibility | Resident of Spain, aged 18 to 80, with DNI/NIE, Spanish bank account held in own name, mobile phone and email | Mexico only, accredited Mexican lending partners; partner lenders accept from 18 years (some 21+); INE and an active bank account required |
| Loan types | Personal, Payday, Debt consolidation, Car | Personal, Payday, Secured, Business, Debt consolidation, Student |
| Credit check | Not confirmed | Soft prequal |
Same on both: Origination fee (%) (0%), Credit needed (Poor), 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
- Finipay scores higher overall: 8.9 vs 8.5.
- APR is lower at Finipay: 0% to 212% vs from 677.47%.
- Term is higher at Finipay: 3 to 60 months vs 2 to 12 months.
- Support channels: only Finipay offers Phone.
- Support channels: only Finmercado offers Chat, Community.
- Loan types: only Finipay offers Car.
- Loan types: only Finmercado offers Secured, Business, Student.
Our verdict on each
Finipay
Finipay suits Spanish adults with poor credit who need a small euro loan quickly and want no set-up charge. The trade-off is cost: an APR band of 0% to 212% and a representative example where a short loan costs far more to repay than to borrow.
Finmercado
Finmercado suits Mexican borrowers who need a small personal loan in the bank account the same day, with a soft prequalification and no origination fee. The trade-off is cost, with an informative CAT starting at from 677.47% and a short term, so this is a bridge rather than long-term credit.
Score breakdown
| Area | Finipay | Finmercado |
|---|---|---|
| Cost | 9.7HigherThe 0% to 212% band is far wider than the 12.25% midpoint for personal loans here, so cost depends almost entirely on your credit file. | 8.8Cost rests on the rate: the informative CAT starts at from 677.47%, with terms of 2 to 12 keeping balances short. |
| Offer | 8.8 | 8.8 |
| Trust | 8.3Higher | 8.1 |
How they place
| Ranking | Finipay | Finmercado |
|---|---|---|
| Personal loans | 19 of 1932 | 40 of 1932 |
| Payday and short-term loans | 7 of 246 | 19 of 246 |
| Loans for bad credit | 12 of 275 | 27 of 275 |
| Debt consolidation loans | 9 of 425 | 15 of 425 |
| Home improvement loans | 9 of 562 | 17 of 562 |
Feature by feature
| Loan types | Finipay | Finmercado |
|---|---|---|
| Personal | Yes | Yes |
| Payday | Yes | Yes |
| Debt consolidation | Yes | Yes |
| Secured | No | Yes |
| Car | Yes | No |
| Business | No | Yes |
| Student | No | Yes |
| Use cases | Finipay | Finmercado |
|---|---|---|
| Home improvement | Yes | Yes |
A third option
FINANZCHECK.de has apr at -0.4% to 19.9%, against 0% to 212% for Finipay and from 677.47% for Finmercado.
FINANZCHECK.de reviewEvery fact side by side
| Fact | Finipay | Finmercado |
|---|---|---|
| Features | Same day funding | Same day funding |
| Legal entity | Finceptiv OU | SIA JEFF |
| Headquarters | Estonia | Mexico |
| Support channels | Phone, Email, Help centre | Email, Chat, Help centre, Community |
Where each stands against the rest
| Fact | Finipay | Finmercado | Median |
|---|---|---|---|
| APR | 0% to 212%lowest quarter | from 677.47%highest quarter | 8.99 |
| Term | 3 to 60 monthsat the median | 2 to 12 monthslowest quarter | 60 |
| Origination fee (%) | 0%below the median | 0%below the median | 0.25% |
Median across 1005 listed lenders.
Pros and cons
Finipay
Pros
- Setting the loan up adds nothing: the origination fee is 0 EUR, so no charge is bolted on to the interest.
- Money arrives in Under 24 hours, and same-day funding sits in same day funding.
- Poor credit is the target: poor means the service is aimed at files mainstream lenders decline.
Cons
- Finipay is a broker rather than the lender (broker), so the rate is set by a partner lender and its terms are not spelled out here.
- The cost of a short term is severe: the representative example repays far more than it lends, and the top of 0% to 212% is steep.
- Borrowing stops at €300 to €5,000, so a larger renovation, car purchase or consolidation job needs another provider.
Finmercado
Pros
- No fee for taking out a personal loan, since the origination fee is 0 MXN
- same day funding is offered and the deposit goes straight to your bank account
- The online application takes a few minutes, and partner lenders answer in minutes
Cons
- Fees are not the problem, interest is: from 677.47% is an informative rate and the representative example shows a total repayable well above the amount borrowed
- Terms run 2 to 12, so a larger balance has to be cleared quickly
- Support runs on email, chat and help centre only, with no phone line
Who each suits
Finipay
Who it suits
- Adults in Spain with poor credit who need a modest sum quickly and would be turned down elsewhere, since poor is the level Finipay targets.
- Borrowers who want a fee-free set-up and a fast transfer, and who will read the representative example before choosing a term.
- People covering a car, a bill to consolidate or a home improvement, given personal, payday and debt consolidation and home improvement.
Who should look elsewhere
- Borrowers with a strong file who want the cheapest rate: Monzo Flex holds its APR at 10% to 23%, well under the top of Finipay's 0% to 212%.
- Anyone who needs to borrow more than €300 to €5,000: Cashspace lists its rate in Philippine pesos at PHP 12 to PHP 36, so it is not a euro answer to a larger sum.
- Shoppers chasing an interest-free headline rate: Cashspace ES shows an APR of 0%, while Finipay's 0% to 212% is the band where a real rate is quoted.
Finmercado
Who it suits
- Mexican residents with an INE and an active bank account who need a personal loan quickly
- Borrowers with poor credit who want a soft prequal check before a full application
- Anyone covering home improvement without paying an origination fee of 0 MXN
Who should look elsewhere
- Borrowers who can clear a mainstream credit test, since Monzo Flex quotes 10% to 23% against the from 677.47% Finmercado starts at
- Anyone needing a repayment window longer than 2 to 12
- Readers who want to talk a lender through by phone, since support runs on email, chat and help centre
Current offers
Finipay
Current offer
First period offer
First 300 EUR loan with no commission, repayable in 70 days: 300 EUR at 0% commission, 70 days
Apply through the online application form on finipay.es; resident of Spain aged 18-80 with DNI/NIE and Spanish bank account
Source, checked September 26, 2026
Country by country
| Country | Finipay | Finmercado |
|---|---|---|
| Mexico | No | Yes |
| Spain | Yes | No |
Questions about each
Finipay
Is there a fee for taking out a Finipay loan?+
No arrangement charge is added. The origination fee is 0 EUR, so the money you arrange does not shrink before it reaches you. What you pay is interest on the loan, and the size of that depends on the rate you are offered and the term you choose.
How much can I borrow, and for how long?+
Loans run €300 to €5,000, and terms run 3 to 60 months. That range is built for short and medium needs such as a repair, a car deposit or a bill to consolidate. It is not a route to a large renovation, because the ceiling is well below what the biggest lenders here arrange.
Finmercado
How much does borrowing from Finmercado cost?+
The informative CAT starts at from 677.47% and the origination fee is 0 MXN, so nothing is charged for setting the loan up. The representative example shows where the cost really sits: a small personal loan repaid over a short run of fortnightly payments, with a monthly interest rate quoted before VAT and a total repayable well above the amount borrowed.
Is there an arrangement fee to pay?+
The origination fee is 0 MXN, and no percentage charge sits on top because that figure is 0%. The whole cost therefore falls on the interest, which means the rate offered and the length of the term decide the bill rather than the setup.
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