Updated September 28, 2026 · BorrowCue Editorial Team
ICICI Bank Credit Cards vs Sofkredit
ICICI Bank Credit Cards vs Sofkredit: the differences
| Compare |  ICICI Bank Credit Cards |  Sofkredit |
|---|---|---|
| APR | 9.99% to 16.5%Lower | 10.74% to 18.06% |
| Loan amount | ₹50,000 to ₹5,000,000 | €12,000 to €300,000 |
| Term | 12 to 72 months | 6 to 240 monthsHigher |
| Arrangement fee | Up to 2% of loan amount plus taxes (Personal Loan processing charge) | 6% to 9% of the loan; on a 15,000 EUR mortgage-guaranteed loan the commission is 900 EUR minimum and 1,350 EUR maximum, charged by the collaborating lender; Sofkredit's own service costs the user nothing |
| Credit check | Hard | Soft prequal |
| Funding time | Instant disbursement | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| Lender type | Direct lender | Broker |
| Eligibility | Indian citizens aged 18-58 years; salaried minimum monthly income 30,000 rupees | Natural or legal persons of legal age (+18) with Spanish nationality or residence, holder of a bank account; for mortgage-guaranteed loans a property must be owned, free of charges or with at least 70% of the mortgage repaid |
| Origination fee (%) | 2%Lower | 6% to 9% |
| Loan types | Personal, Debt consolidation | Secured, Debt consolidation, Business |
| Credit needed | Good | Poor |
| Representative example | Not confirmed | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR |
| Rate type | Fixed | Not confirmed |
| Free early repayment | No | Not confirmed |
Same on both: Use cases (Home improvement).
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Key differences
- ICICI Bank Credit Cards scores higher overall: 9.0 vs 8.6.
- Sofkredit is available in 2 more countries.
- APR is lower at ICICI Bank Credit Cards: 9.99% to 16.5% vs 10.74% to 18.06%.
- Origination fee (%) is lower at ICICI Bank Credit Cards: 2% vs 6% to 9%.
- Term is higher at Sofkredit: 6 to 240 months vs 12 to 72 months.
- Support channels: only ICICI Bank Credit Cards offers Chat.
- Loan types: only ICICI Bank Credit Cards offers Personal.
- Loan types: only Sofkredit offers Secured, Business.
Our verdict on each
ICICI Bank Credit Cards
ICICI Bank lends directly at 9.99% to 16.5% for personal loans and debt consolidation, with funding time of Instant disbursement. It suits salaried Indian borrowers with a good credit record who want fixed rates and quick money. The processing charge adds to the total, and early repayment carries a fee.
Sofkredit
Sofkredit suits Spanish borrowers who want property backed finance and can wait for a notary appointment. The headline cost is an arrangement fee of 6% to 9% of the loan, while Sofkredit's own service adds nothing beyond it.
Score breakdown
| Area | ICICI Bank Credit Cards | Sofkredit |
|---|---|---|
| Cost | 8.5Personal loan interest runs 9.99% to 16.5% with a processing charge of 2% of the amount, and free early repayment: no. | 8.5 |
| Offer | 9.3 | 9.3Ranges cover €12,000 to €300,000, 6 to 240 and 10.74% to 18.06%, with home equity and remortgage and home improvement on the same application. |
| Trust | 9.3Higher | 8.3 |
Feature by feature
| Loan types | ICICI Bank Credit Cards | Sofkredit |
|---|---|---|
| Personal | Yes | No |
| Debt consolidation | Yes | Yes |
| Secured | No | Yes |
| Business | No | Yes |
| Use cases | ICICI Bank Credit Cards | Sofkredit |
|---|---|---|
| Home improvement | Yes | Yes |
Which one suits you
Pick ICICI Bank Credit Cards if apr and origination fee (%) matter most.
Pick Sofkredit if term matter most.
A third option
CreditPlus UA has term at 345 to 365 months, against 12 to 72 months for ICICI Bank Credit Cards and 6 to 240 months for Sofkredit.
CreditPlus UA reviewWhat we checked
ICICI Bank Credit Cards
- icici.bank.in: 20 facts, checked September 26, 2026
Sofkredit
- sofkredit.com: 17 facts, checked September 26, 2026
How they place
| Ranking | ICICI Bank Credit Cards | Sofkredit |
|---|---|---|
| Debt consolidation loans | 42 of 425 | 2 of 425 |
| Mortgages | 14 of 719 | 1 of 719 |
| Remortgage deals | 13 of 351 | 1 of 351 |
| Home improvement loans | 51 of 562 | 2 of 562 |
Every fact side by side
| Fact | ICICI Bank Credit Cards | Sofkredit |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Features | Same day funding | Same day funding |
| Legal entity | ICICI Bank Limited | Kova Finance, S.L. |
| Headquarters | India | Spain |
| Founded | 1994 | Not confirmed |
| Support channels | Phone, Email, Chat, Help centreCovers more | Email, Phone, Help centre |
Mortgages
| Fact | ICICI Bank Credit Cards | Sofkredit |
|---|---|---|
| Initial rate | 7.55%Lower | 8% to 14% |
| APRC | Not confirmed | 10.74% to 18.06% |
| Fixed period | Not confirmed | 0.5 to 20 years |
| Maximum loan to value | 80% to 90%Higher | 30% |
| Product fee | Not confirmed | €900 to €1,350 |
| Purpose | Purchase, Remortgage | Home equity, Remortgage |
Where each stands against the rest
| Fact | ICICI Bank Credit Cards | Sofkredit | Median |
|---|---|---|---|
| APR | 9.99% to 16.5%above the median | 10.74% to 18.06%above the median | 8.99 |
| Term | 12 to 72 monthsabove the median | 6 to 240 monthshighest quarter | 60 |
| Origination fee (%) | 2%above the median | 6% to 9%highest quarter | 0.25% |
Median across 1005 listed lenders.
Pros and cons
ICICI Bank Credit Cards
Pros
- Direct lender, so 9.99% to 16.5% is the rate you are offered rather than a broker mark-up
- Funding time is listed as Instant disbursement
- Fixed rate pricing on fixed rate loans, so repayments stay predictable
Cons
- Free early repayment: no, so settling the loan early carries a cost
- A processing charge of 2% of the loan amount plus taxes adds to the total
- Credit check: hard, and the lender asks for a good credit record
Sofkredit
Pros
- Sofkredit's own service costs nothing, so the only charge to weigh is the lender's arrangement fee of 6% to 9%.
- The loan range €12,000 to €300,000 and the term range 6 to 240 suit both renovation projects and debt consolidation.
- Eligibility leans towards weaker files, with the credit needed listed as poor, and the credit check is soft prequal.
Cons
- The arrangement fee of 6% to 9% is a large share of the loan, and the product fee on a small mortgage guaranteed loan runs €900 to €1,350.
- Maximum loan to value is 30%, well below the 90% across listed lenders, so equity of your own is required.
- Sofkredit is a broker, so the contract sits with the collaborating lender rather than the site you apply through.
Who each suits
ICICI Bank Credit Cards
Who it suits
- Salaried Indian citizens who meet the income requirement for a personal loan
- Borrowers consolidating debt into one fixed-rate repayment
- People who need the money quickly and value Instant disbursement over extra shopping
Who should look elsewhere
- Anyone wanting to clear a personal loan early without paying for it, since free early repayment: no
- Borrowers with a thin credit file, as the credit check is hard
- Shoppers who want a fee-free loan, given a processing charge of 2% plus taxes
Sofkredit
Who it suits
- Spanish residents and nationals who own a property that is free of charges or has most of its mortgage repaid
- Borrowers consolidating several debts into one payment, since debt consolidation is among the secured, debt consolidation and business
- Homeowners funding renovation work, as home improvement is the main listed use case
Who should look elsewhere
- Anyone who needs money the same week without a notary appointment, against the stated funding time
- Borrowers who want to borrow more than a low share of their property's value, given the 30% cap
- Small lenders wanting a quick online application rather than the documentation and notary steps this route involves
Current offers
ICICI Bank Credit Cards
Current offer
Bonus
Sapphiro Credit Card welcome vouchers with BookMyShow buy one get one offer
Sapphiro Credit Card only; includes international and domestic airport lounge access
Source, checked September 26, 2026
Country by country
| Country | ICICI Bank Credit Cards | Sofkredit |
|---|---|---|
| France | No | Yes |
| India | Yes | No |
| Italy | No | Yes |
| Spain | No | Yes |
Questions about each
ICICI Bank Credit Cards
What rate will I pay on a personal loan?+
Interest runs at 9.99% to 16.5% for a personal loan or a debt consolidation loan. The rate type is fixed, so the figure holds for the life of the loan. Your actual rate depends on how the lender assesses you.
Is there an arrangement fee?+
Yes. A processing charge of 2% of the loan amount applies, plus taxes. That sits on top of the interest at 9.99% to 16.5%, so ask for the full cost before you commit.
Sofkredit
What does Sofkredit charge to arrange a loan?+
The arrangement fee runs 6% to 9% of the loan and is charged by the collaborating lender. On a small mortgage guaranteed loan the commission falls within €900 to €1,350. Sofkredit's own service costs the borrower nothing beyond that lender charge.
How much can I borrow and for how long?+
Loan amounts run €12,000 to €300,000 and terms run 6 to 240, so the range is wide enough for a renovation or a debt consolidation. Terms and amounts are set by the collaborating lender rather than by the site you apply through.
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