Updated September 28, 2026 · BorrowCue Editorial Team
ING Germany vs Sofkredit
What sets them apart
| Compare |  ING Germany |  Sofkredit |
|---|---|---|
| APR | 3.69% to 10.99%Lower | 10.74% to 18.06% |
| Loan amount | €5,000 to €100,000 | €12,000 to €300,000Higher |
| Term | 12 to 120 months | 6 to 240 monthsHigher |
| Arrangement fee | 0 EUR | 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 | Immediate payout on request, otherwise on a chosen date up to 3 months after approval | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| Representative example | Ratenkredit: net loan 15,000.00 EUR over 120 months, effective annual rate 7.22% (fixed nominal rate 6.99% p.a.), monthly instalment 175.63 EUR, total amount 21,075.24 EUR; at least two thirds of customers receive 7.22% or better | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR |
| Lender type | Direct lender | Broker |
| Eligibility | Of age, good credit standing, private not commercial use, stable monthly income of at least 1,600 EUR, residence and workplace in Germany, salary current account | 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 (%) | 0%Lower | 6% to 9% |
| Loan types | Personal, Debt consolidation, Car, Credit line | Secured, Debt consolidation, Business |
| Credit needed | Good | Poor |
| Rate type | Fixed | Not confirmed |
| Free early repayment | Yes | Not confirmed |
Same on both: Use cases (Home improvement).
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Key differences
- ING Germany scores higher overall: 9.4 vs 8.6.
- Sofkredit is licensed in 1 more country.
- Sofkredit is available in 2 more countries.
- APR is lower at ING Germany: 3.69% to 10.99% vs 10.74% to 18.06%.
- Origination fee (%) is lower at ING Germany: 0% vs 6% to 9%.
- Loan amount is higher at Sofkredit: €12,000 to €300,000 vs €5,000 to €100,000.
- Term is higher at Sofkredit: 6 to 240 months vs 12 to 120 months.
- Loan types: only ING Germany offers Personal, Car, Credit line.
- Loan types: only Sofkredit offers Secured, Business.
Our verdict on each
ING Germany
ING Germany lends directly to residents with a salary current account, and its instalment loan fixes the rate across terms of 12 to 120. It suits borrowers consolidating debt or funding home improvements, though the hard credit check and good credit standing narrow who qualifies.
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 | ING Germany | Sofkredit |
|---|---|---|
| Cost | 9.4HigherArrangement fee of 0 EUR on a fixed rate of 3.69% to 10.99%, under the 12% typical across the site. | 8.5 |
| Offer | 9.4Higher | 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 | 9.5Higher | 8.3 |
Feature by feature
| Loan types | ING Germany | Sofkredit |
|---|---|---|
| Personal | Yes | No |
| Debt consolidation | Yes | Yes |
| Credit line | Yes | No |
| Secured | No | Yes |
| Car | Yes | No |
| Business | No | Yes |
| Use cases | ING Germany | Sofkredit |
|---|---|---|
| Home improvement | Yes | Yes |
Choosing between them
Pick ING Germany if cost, apr, and origination fee (%) matter most.
Pick Sofkredit if loan amount and term matter most.
How they place
| Ranking | ING Germany | Sofkredit |
|---|---|---|
| Debt consolidation loans | 63 of 425 | 2 of 425 |
| Mortgages | 47 of 719 | 1 of 719 |
| Remortgage deals | 31 of 351 | 1 of 351 |
| Home equity loans and HELOCs | 12 of 110 | 1 of 110 |
| Home improvement loans | 78 of 562 | 2 of 562 |
From lowest to highest
| Fact | ING Germany | Sofkredit |
|---|---|---|
| APR | 3.69% to 10.99% | 10.74% to 18.06% |
| Loan amount | €5,000 to €100,000 | €12,000 to €300,000 |
| Term | 12 to 120 months | 6 to 240 months |
Every fact side by side
| Fact | ING Germany | Sofkredit |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Features | Same day funding | Same day funding |
| Legal entity | ING-DiBa AG | Kova Finance, S.L. |
| Headquarters | Germany | Spain |
| Founded | 1965 | Not confirmed |
| Support channels | Phone, Email, Help centre | Email, Phone, Help centre |
Mortgages
| Fact | ING Germany | Sofkredit |
|---|---|---|
| Initial rate | 4.79%Lower | 8% to 14% |
| APRC | 4.93%Lower | 10.74% to 18.06% |
| Fixed period | 15 years | 0.5 to 20 yearsHigher |
| Maximum loan to value | 100%Higher | 30% |
| Product fee | €0Lower | €900 to €1,350 |
| Purpose | Purchase, Remortgage, Home equityCovers more | Home equity, Remortgage |
Where each stands against the rest
| Fact | ING Germany | Sofkredit | Median |
|---|---|---|---|
| APR | 3.69% to 10.99%lowest quarter | 10.74% to 18.06%above the median | 8.99 |
| Loan amount | €5,000 to €100,000highest quarter | €12,000 to €300,000highest quarter | €40,000 |
| Term | 12 to 120 monthshighest quarter | 6 to 240 monthshighest quarter | 60 |
| Origination fee (%) | 0%below the median | 6% to 9%highest quarter | 0.25% |
Median across 1005 listed lenders.
Pros and cons
ING Germany
Pros
- Fixed rate of 3.69% to 10.99% on borrowing of €5,000 to €100,000, with terms of 12 to 120 and the rate held for the life of the loan.
- Same-day funding on request, and early repayment is free.
- Regulated in Germany by BaFin, with support on phone, email and help centre.
Cons
- The credit check is hard and credit standing of good is needed, so a thin file is unlikely to pass.
- Eligibility requires a salary current account plus residence and workplace in Germany, so applicants paid elsewhere or based abroad are excluded.
- Support runs on phone, email and help centre only, with no live chat option listed.
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
ING Germany
Who it suits
- Residents of Germany paid a salary into a current account, applying for a fixed-rate instalment loan.
- Borrowers consolidating debt or planning home improvement, since the lending covers both alongside car loans and a credit line.
- Homebuyers and movers, with home financing at an initial rate of 4.79%.
Who should look elsewhere
- Applicants with a poor credit file, since the check is hard and credit standing of good is required.
- Borrowers who rank lenders purely on the lowest published rate, since Cashspace ES lists 0% against 3.69% to 10.99% here.
- People without a salary current account or living outside Germany, which the eligibility terms require.
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
ING Germany
Current offer
Discount code
Autumn interest discount of up to -0.50% on new Ratenkredit, Autokredit and Wohnkredit: -0.30% on the fixed nominal interest rate, up to -0.50% combined for loan amounts from 40,001 EUR
Applications for new instalment, car or mortgage loans by 04.10.2026; -0.20% extra discount from a loan amount of 40,001 EUR; discount applied automatically in the personal best-rate offer
Source, checked September 26, 2026
Bonus
My ING current account to loan promotion: One month of interest on your Ratenkredit refunded
Open an ING Girokonto within 3 months of taking out the Ratenkredit and use it as a salary current account
Source, checked September 26, 2026
Bonus
Free Girokonto plus 200 EUR on top: 200 EUR
New Girokonto with at least 1,000 EUR incoming payments per calendar month; current account free for customers under 28
Source, checked September 26, 2026
Country by country
| Country | ING Germany | Sofkredit |
|---|---|---|
| France | No | Yes |
| Germany | Yes | No |
| Italy | No | Yes |
| Spain | No | Yes |
Questions about each
ING Germany
What can I borrow from ING Germany for personal use?+
The published lending covers personal, debt consolidation and car borrowing, with home improvement named as a use. Amounts run to €5,000 to €100,000 across terms of 12 to 120, and the rate is fixed for the life of the loan.
What rate do I pay on an instalment loan?+
The advertised rate is 3.69% to 10.99%, quoted for a fixed-rate loan of €5,000 to €100,000 over 12 to 120. The worked example pairs a fixed nominal rate with the effective annual rate, so the effective figure is the one to compare across lenders.
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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