Updated September 28, 2026 · BorrowCue Editorial Team
Ibancar Prestamos vs Prestalo
Ibancar Prestamos vs Prestalo: the differences
| Compare |  Ibancar Prestamos |  Prestalo |
|---|---|---|
| APR | 12.74% to 13.01% | 4.1% to 30%Lower |
| Loan amount | €600 to €8,000 | €500 to €100,000Higher |
| Term | 12 to 60 months | 1 to 120 monthsHigher |
| Funding time | Same day, up to 24 hours | Money transferred to your bank account, normally within 24 to 48 hours |
| Representative example | 1,000 EUR over 36 months, French amortisation, APR 13.01%, interest 199.15 EUR, total amount owed 1,199.15 EUR | 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 | Applicants resident in Spain (mainland, Balearic Islands, Canary Islands) who own the car pledged as collateral; ASNEF-listed applicants accepted | 18 or over, resident in Spain, valid DNI or NIE, stable sufficient income |
| Loan types | Personal, Car, Secured | Personal, Payday, Car, Debt consolidation, SecuredCovers more |
| Credit needed | Poor | Good |
| Arrangement fee | Not confirmed | 0 EUR |
| Credit check | Not confirmed | Hard |
| Free early repayment | Not confirmed | Yes |
| Use cases | Not confirmed | Home improvement |
Same on both: Rate type (Fixed).
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Key differences
- Ibancar Prestamos scores higher overall: 9.0 vs 8.8.
- APR is lower at Prestalo: 4.1% to 30% vs 12.74% to 13.01%.
- Loan amount is higher at Prestalo: €500 to €100,000 vs €600 to €8,000.
- Term is higher at Prestalo: 1 to 120 months vs 12 to 60 months.
- Support channels: only Prestalo offers Chat.
- Loan types: only Prestalo offers Payday, Debt consolidation.
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.
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 | Ibancar Prestamos | Prestalo |
|---|---|---|
| Cost | 8.7 | 9.4Higher |
| 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. | 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 | 9.2Higher | 8.3 |
The bill, worked out
Borrow a typical amount over a typical term (estimate at the stated APR)
Ibancar Prestamos
1,042.39 to 1,065.78
1,042.39 to 1,065.78
Prestalo
322.33 to 2,641.28
322.33 to 2,641.28
Prestalo comes out 720.06 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
How they place
| Ranking | Ibancar Prestamos | Prestalo |
|---|---|---|
| Personal loans | 15 of 1932 | 60 of 1932 |
| Secured loans | 2 of 472 | 9 of 472 |
| Car loans | 4 of 431 | 16 of 431 |
Every fact side by side
| Fact | Ibancar Prestamos | Prestalo |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding | Same day funding |
| Legal entity | Ibancar World SL | PRESTALO ONLINE, S.L. |
| Headquarters | Spain | Spain |
| Founded | Not confirmed | 2018 |
| Support channels | Phone, Email, Help centre | Email, Chat, Phone, Help centreCovers more |
Mortgages
| Fact | Ibancar Prestamos | Prestalo |
|---|---|---|
| Initial rate | Not confirmed | 2.36% |
| APRC | Not confirmed | 2.97% |
| Fixed period | Not confirmed | 25 years |
| Maximum loan to value | Not confirmed | 80% |
| Product fee | Not confirmed | €0 |
| Purpose | Not confirmed | Purchase, Remortgage |
Where each stands against the rest
| Fact | Ibancar Prestamos | Prestalo | Median |
|---|---|---|---|
| APR | 12.74% to 13.01%above the median | 4.1% to 30%lowest quarter | 8.99 |
| Loan amount | €600 to €8,000below the median | €500 to €100,000highest quarter | €40,000 |
| Term | 12 to 60 monthsat the median | 1 to 120 monthshighest quarter | 60 |
Median across 1005 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
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
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
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.
Country by country
| Country | Ibancar Prestamos | Prestalo |
|---|---|---|
| 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.
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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