Updated October 14, 2026 · BorrowCue Editorial Team
Multitude vs Sofkredit
Multitude vs Sofkredit: the differences
| Compare |  Multitude |  Sofkredit |
|---|---|---|
| APR | 30.31% to 57.26% | 10.74% to 18.06%Lower |
| Loan amount | SEK 10,000 to SEK 50,000 | €12,000 to €300,000 |
| Term | 12 months | 6 to 240 monthsHigher |
| Arrangement fee | 565 SEK | 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 | Within one bank day of approval | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| Representative example | Ferratum Credit: 23 000 SEK over 12 monthly instalments, effective rate 37.68%, total to repay 27 013,83 SEK, setup fee 565 SEK and account fee 59 SEK per month | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR |
| Lender type | Direct lender | Broker |
| Eligibility | Swedish personal identity number and a Swedish bank account, with income and expenses declared in the online application | 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 | Credit line, Personal | Secured, Debt consolidation, Business |
| Rate type | Variable | Not confirmed |
| Origination fee (%) | Not confirmed | 6% to 9% |
| Credit needed | Not confirmed | Poor |
Same on both: Use cases (Home improvement).
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Key differences
- Multitude scores higher overall: 8.8 vs 8.6.
- Sofkredit is licensed in 1 more country.
- Multitude is available in 10 more countries.
- APR is lower at Sofkredit: 10.74% to 18.06% vs 30.31% to 57.26%.
- Term is higher at Sofkredit: 6 to 240 months vs 12 months.
- Support channels: only Multitude offers Chat.
- Support channels: only Sofkredit offers Email, Phone.
- Features: only Multitude offers Credit line.
- Loan types: only Multitude offers Credit line, Personal.
- Loan types: only Sofkredit offers Secured, Debt consolidation, Business.
Our verdict on each
Multitude
Multitude is a listed European fintech group whose homepage describes consumer banking through Ferratum, SME banking through CapitalBox and wholesale banking through Multitude Bank. The parent site is not itself a single retail loan offer. Country and product terms need to be checked with the relevant operating business.
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 | Multitude | Sofkredit |
|---|---|---|
| Cost | 8.3 | 8.5Higher |
| Offer | 9.0 | 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 | 9.1Higher | 8.3 |
Ranges side by side
| Fact | Multitude | Sofkredit |
|---|---|---|
| APR | 30.31% to 57.26% | 10.74% to 18.06% |
Which one suits you
Pick Multitude if trust matter most.
Pick Sofkredit if offer, apr, and term matter most.
Where these facts come from
Multitude
- ferratum.se: 15 facts, checked September 26, 2026
- ferratum.de: 2 facts, checked September 26, 2026
Sofkredit
- sofkredit.com: 17 facts, checked September 26, 2026
How they place
| Ranking | Multitude | Sofkredit |
|---|---|---|
| Home improvement loans | 13 of 562 | 2 of 562 |
Every fact side by side
| Fact | Multitude | Sofkredit |
|---|---|---|
| Features | Credit line, Same day fundingCovers more | Same day funding |
| Legal entity | Multitude Bank p.l.c. | Kova Finance, S.L. |
| Headquarters | Malta | Spain |
| Founded | 2005 | Not confirmed |
| Support channels | Chat, Help centre | Email, Phone, Help centre |
Mortgages
| Fact | Multitude | Sofkredit |
|---|---|---|
| Initial rate | Not confirmed | 8% to 14% |
| APRC | Not confirmed | 10.74% to 18.06% |
| Fixed period | Not confirmed | 0.5 to 20 years |
| Maximum loan to value | Not confirmed | 30% |
| Product fee | Not confirmed | €900 to €1,350 |
| Purpose | Not confirmed | Home equity, Remortgage |
Where each stands against the rest
| Fact | Multitude | Sofkredit | Median |
|---|---|---|---|
| APR | 30.31% to 57.26%highest quarter | 10.74% to 18.06%above the median | 8.99 |
| Term | 12 monthslowest quarter | 6 to 240 monthshighest quarter | 60 months |
| Origination fee (%) | Not confirmed | 6% to 9%highest quarter | 0.25 |
Median across 1144 listed lenders.
Pros and cons
Multitude
Pros
- The site distinguishes three business units and provides separate contact routes.
- The parent company positions itself as a digital financial services group.
Cons
- The captured material does not describe specific consumer credit terms or country level eligibility.
- Licensing and product terms for one subsidiary cannot be inferred from the parent overview.
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
Multitude
Who it suits
- People trying to identify which Multitude business unit offers a particular service.
Who should look elsewhere
- Borrowers seeking a direct rate or loan comparison from the group homepage.
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
Country by country
| Country | Multitude | Sofkredit |
|---|---|---|
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
| Finland | Yes | No |
| France | No | Yes |
| Germany | Yes | No |
8 of 16 countries where either is available.
Questions about each
Multitude
Which businesses does Multitude list?+
The parent site lists Ferratum for consumer banking, CapitalBox for SME banking and Multitude Bank for wholesale banking.
Does this page give consumer loan rates?+
No. The captured parent pages do not provide product specific rates or repayment terms.
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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