Updated September 28, 2026 · BorrowCue Editorial Team
MoneyHero vs Sofkredit
MoneyHero vs Sofkredit: the differences
| Compare |  MoneyHero |  Sofkredit |
|---|---|---|
| APR | 1% to 17.81%Lower | 10.74% to 18.06% |
| Loan amount | HK$100,000 to HK$3,000,000 | €12,000 to €300,000 |
| Arrangement fee | HKD 0 (comparison service is free of charge; no fee charged to users) | 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 |
| Eligibility | Hong Kong residents aged 18 or over; products do not apply to persons outside the Hong Kong SAR or minors | 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 |
| Loan types | Personal, Debt consolidation, Credit line, Car | Secured, Debt consolidation, Business |
| Credit needed | Fair | Poor |
| Term | Not confirmed | 6 to 240 months |
| Funding time | Not confirmed | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| 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 |
| Origination fee (%) | Not confirmed | 6% to 9% |
Same on both: Credit check (Soft prequal), Lender type (Broker), Use cases (Home improvement).
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Key differences
- MoneyHero scores higher overall: 9.0 vs 8.6.
- Sofkredit is licensed in 1 more country.
- Sofkredit is available in 2 more countries.
- APR is lower at MoneyHero: 1% to 17.81% vs 10.74% to 18.06%.
- Support channels: only Sofkredit offers Phone.
- Features: only MoneyHero offers Credit line.
- Features: only Sofkredit offers Same day funding.
- Loan types: only MoneyHero offers Personal, Credit line, Car.
- Loan types: only Sofkredit offers Secured, Business.
Our verdict on each
MoneyHero
MoneyHero is a Hong Kong comparison broker for residents who want a single fee-free search across personal loans, debt consolidation, credit lines and car finance. Loan amounts run HKD 100,000 to HKD 3,000,000 and APR run 1% to 17.81%, and a soft prequal check sits at the quote stage.
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 | MoneyHero | Sofkredit |
|---|---|---|
| Cost | 9.7Higher | 8.5 |
| Offer | 9.1Fixed-rate products start at an initial rate of 1.88% with an APRC of 1.88%, and both remortgage and home equity sit in range. | 9.3HigherRanges 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 | 8.4Higher | 8.3 |
Side by side, item by item
| Loan types | MoneyHero | Sofkredit |
|---|---|---|
| Personal | Yes | No |
| Debt consolidation | Yes | Yes |
| Credit line | Yes | No |
| Secured | No | Yes |
| Car | Yes | No |
| Business | No | Yes |
| Use cases | MoneyHero | Sofkredit |
|---|---|---|
| Home improvement | Yes | Yes |
Where they rank in our lists
| Ranking | MoneyHero | Sofkredit |
|---|---|---|
| Loans for bad credit | 56 of 275 | 2 of 275 |
| Debt consolidation loans | 40 of 425 | 2 of 425 |
| Mortgages | 13 of 719 | 1 of 719 |
| Remortgage deals | 12 of 351 | 1 of 351 |
| Home equity loans and HELOCs | 4 of 110 | 1 of 110 |
| Home improvement loans | 49 of 562 | 2 of 562 |
Also worth a look
Prestamiau ES has apr at 0% to 36%, against 1% to 17.81% for MoneyHero and 10.74% to 18.06% for Sofkredit.
Prestamiau ES reviewWhat we checked
MoneyHero
- moneyhero.com.hk: 16 facts, checked September 26, 2026
Sofkredit
- sofkredit.com: 17 facts, checked September 26, 2026
Every fact side by side
| Fact | MoneyHero | Sofkredit |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Features | Credit line | Same day funding |
| Legal entity | MoneyHero Global Limited | Kova Finance, S.L. |
| Headquarters | Hong Kong | Spain |
| Founded | 2015 | Not confirmed |
| Support channels | Email, Help centre | Email, Phone, Help centreCovers more |
Mortgages
| Fact | MoneyHero | Sofkredit |
|---|---|---|
| Initial rate | 1.88%Lower | 8% to 14% |
| APRC | 1.88%Lower | 10.74% to 18.06% |
| Fixed period | Not confirmed | 0.5 to 20 years |
| Maximum loan to value | 80%Higher | 30% |
| Product fee | HK$0 | €900 to €1,350 |
| Purpose | Home equity, Remortgage | Home equity, Remortgage |
Where each stands against the rest
| Fact | MoneyHero | Sofkredit | Median |
|---|---|---|---|
| APR | 1% to 17.81%lowest quarter | 10.74% to 18.06%above the median | 8.99 |
| Term | Not confirmed | 6 to 240 monthshighest quarter | 60 |
| Origination fee (%) | Not confirmed | 6% to 9%highest quarter | 0.25 |
Median across 1005 listed lenders.
Pros and cons
MoneyHero
Pros
- The comparison service is free of charge and no fee is charged to users, so searching costs nothing.
- Applications run a soft prequal, so an early look does not need a full credit file.
- Loan amounts run HKD 100,000 to HKD 3,000,000, well past the €876.96 typical amount on the site.
Cons
- Support runs on email and help centre only, so questions on a live application have no phone route.
- MoneyHero is a broker, so the approval decision and the final contract sit with the partner bank rather than the site.
- The dearest end of 1% to 17.81% sits above the 12% site median, and the products ask for fair credit.
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
MoneyHero
Who it suits
- Hong Kong residents who are adults and want a fee-free search across personal loans, debt consolidation, credit lines and car finance.
- Borrowers who would rather compare partner bank offers once than apply to a single lender.
- Homeowners with equity to release, since the range also covers home equity and remortgage.
Who should look elsewhere
- Borrowers chasing the cheapest headline rate: Cashspace quotes APR of PHP 12 to PHP 36.
- People who want to deal with a single lender instead of a comparison service: Monzo Flex quotes APR of 10% to 23%, while MoneyHero works as a broker.
- Applicants outside the Hong Kong SAR, and minors, since the eligibility terms apply to Hong Kong residents who are adults.
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
MoneyHero
Current offer
Bonus
September tax season thank-you festival, CNCBI $mart Plus instalment loan: HKD 3,300
Apply via MoneyHero during the September tax season campaign; page updated 21 September 2026; subject to terms and conditions
Source, checked September 26, 2026
Country by country
| Country | MoneyHero | Sofkredit |
|---|---|---|
| France | No | Yes |
| Hong Kong | Yes | No |
| Italy | No | Yes |
| Spain | No | Yes |
Questions about each
MoneyHero
Does MoneyHero charge an arrangement fee?+
The comparison service is free of charge and no fee is charged to users, so nothing is payable for the search itself. On the home equity and remortgage products, the product fee is listed as HKD 0.
Is MoneyHero a lender?+
MoneyHero is a broker, run by MoneyHero Global Limited. That means the site places offers from several partner banks next to each other, and the bank you apply to is the one that decides the rate, the approval and the contract.
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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