Updated October 14, 2026 · BorrowCue Editorial Team
Ibancar Prestamos vs Mi Prestamo
Ibancar Prestamos vs Mi Prestamo: the differences
| Compare |  Ibancar Prestamos |  Mi Prestamo |
|---|---|---|
| APR | 12.74% to 13.01%Lower | 23% |
| Loan amount | €600 to €8,000Higher | €200 to €3,000 |
| Term | 12 to 60 monthsHigher | 2 to 12 months |
| Funding time | Same day, up to 24 hours | Within hours after approval, collected in a Mi Prestamo office or paid to your bank account |
| Eligibility | Applicants resident in Spain (mainland, Balearic Islands, Canary Islands) who own the car pledged as collateral; ASNEF-listed applicants accepted | DNI or NIE (Spanish ID) plus proof of income required; no guarantor and no collateral; Spanish registered address |
| Loan types | Personal, Car, SecuredCovers more | Personal |
| Arrangement fee | Not confirmed | Solvency assessment fee 30.00 EUR plus loan management fee 10.00 EUR plus financial risk fee 30.00 EUR (calculator default Mi Prestamo Mensual 100 EUR / 3 months) |
| Credit check | Not confirmed | Hard |
| Representative example | 1,000 EUR over 36 months, French amortisation, APR 13.01%, interest 199.15 EUR, total amount owed 1,199.15 EUR | Not confirmed |
| Free early repayment | Not confirmed | Yes |
| Credit needed | Poor | Not confirmed |
Same on both: Rate type (Fixed), Lender type (Direct lender).
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Key differences
- APR is lower at Ibancar Prestamos: 12.74% to 13.01% vs 23%.
- Loan amount is higher at Ibancar Prestamos: €600 to €8,000 vs €200 to €3,000.
- Term is higher at Ibancar Prestamos: 12 to 60 months vs 2 to 12 months.
- Support channels: only Mi Prestamo offers Chat.
- Loan types: only Ibancar Prestamos offers Car, Secured.
Our verdict on each
Ibancar Prestamos
Ibancar Prestamos lends its own money rather than brokering, and 12.74% to 13.01% over 12 to 60 suits Spanish residents who own the car they pledge. Fixed pricing and Same day, up to 24 hours funding keep the monthly figure steady, with the car as the anchor for every loan.
Mi Prestamo
Mi Préstamo offers consumer credit in Spain, with the captured pages describing a monthly installment product from EUR 200 to EUR 3,000 over two to twelve months. A separate example shows very high annualized cost figures and fees. Compare the full repayment amount before applying.
Score breakdown
| Area | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Cost | 8.7 | 8.8Higher |
| Offer | 9.2Higher12.74% to 13.01% on €600 to €8,000 over 12 to 60, fixed pricing and Same day, up to 24 hours funding. | 8.9 |
| Trust | 9.2 | 9.2 |
From lowest to highest
| Fact | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Loan amount | €600 to €8,000 | €200 to €3,000 |
| Term | 12 to 60 months | 2 to 12 months |
Where each is licensed and available
Available in 1 country for both.
Feature by feature
| Loan types | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Personal | Yes | Yes |
| Secured | Yes | No |
| Car | Yes | No |
What we checked
Ibancar Prestamos
- ibancar.com: 15 facts, checked September 26, 2026
Mi Prestamo
- mi-prestamo.es: 16 facts, checked September 26, 2026
How they place
| Ranking | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Personal loans | 15 of 1920 | 7 of 1920 |
Every fact side by side
| Fact | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding | Same day funding |
| Legal entity | Ibancar World SL | Easy Asset Management Iberia S.L. |
| Headquarters | Spain | Spain |
| Support channels | Phone, Email, Help centre | Phone, Chat, Email, Help centreCovers more |
Where each stands against the rest
| Fact | Ibancar Prestamos | Mi Prestamo | Median |
|---|---|---|---|
| APR | 12.74% to 13.01%above the median | 23%highest quarter | 8.99 |
| Loan amount | €600 to €8,000below the median | €200 to €3,000lowest quarter | €40,000 |
| Term | 12 to 60 monthsat the median | 2 to 12 monthslowest quarter | 60 |
Median across 1152 listed lenders.
Pros and cons
Ibancar Prestamos
Pros
- A direct lender, so Ibancar World SL carries the loan itself rather than passing the application on
- 12.74% to 13.01% sits close to the 12% middle of the loans tracked here, so the rate is not an outlier
- Pricing stays fixed for the whole term, which makes the monthly amount easier to plan around
Cons
- Collateral is not optional, since the car you pledge is what stands behind the 12.74% to 13.01% rate
- Borrowing stops at €600 to €8,000, well short of the €16,443.04 reached by other secured lenders
- Terms are capped at 12 to 60, so a large balance has to clear quickly
Mi Prestamo
Pros
- The monthly loan page lists an amount range and repayment term range.
- It says applicants can request online or by phone.
Cons
- The captured example displays a 3,330.50 percent annual rate and multiple fees.
- The pages do not provide enough information to calculate every borrower’s personalized total cost.
Who each suits
Ibancar Prestamos
Who it suits
- Spanish residents who own the car they pledge and want 12.74% to 13.01% fixed rate borrowing
- Borrowers carrying ASNEF markers, who are accepted on the eligibility criteria
- People who need money moving Same day, up to 24 hours rather than waiting on a longer application route
Who should look elsewhere
- Borrowers chasing a balance beyond €600 to €8,000 or a term longer than 12 to 60
- People with no car to pledge, since the collateral sits underneath the 12.74% to 13.01% rate
- Residents outside Spain, who fall outside the eligibility criteria and would need a local lender instead
Mi Prestamo
Who it suits
- Adults in Spain comparing a short term installment loan.
Who should look elsewhere
- Anyone unable to repay under the offered schedule or looking for low cost long term credit.
Country by country
| Country | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Spain | Yes | Yes |
Questions about each
Ibancar Prestamos
What is the cheapest way to borrow from Ibancar Prestamos?+
The rate is 12.74% to 13.01% and it does not move, so the cheapest route is the longest term you can carry without strain. Borrowing €600 to €8,000 over 12 to 60 spreads the cost most thinly. Ask for the representative example in writing before you sign, since the total repayable follows from how long the balance stays outstanding.
Who can apply for a loan here?+
Applicants resident in Spain, covering the mainland, the Balearic Islands and the Canary Islands, who own the car pledged as collateral. ASNEF-listed applicants are accepted on the eligibility criteria, and poor confirms a thin credit file is workable. Residency and car ownership are the two conditions that matter most.
Mi Prestamo
What range does the monthly loan page show?+
It lists EUR 200 to EUR 3,000 over two to twelve months.
What should I check before accepting?+
Check the personalized annual cost, every fee, the payment dates and the total amount payable in the contract.
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