Updated October 14, 2026 · BorrowCue Editorial Team
Multitude vs Wandoo
Where Multitude and Wandoo differ
| Compare |  Multitude |  Wandoo |
|---|---|---|
| APR | 30.31% to 57.26%Lower | 4,530.48% to 8,385.16% |
| Loan amount | SEK 10,000 to SEK 50,000 | €50 to €1,800 |
| Term | 12 months | 7 to 35 monthsHigher |
| Arrangement fee | 565 SEK | 0.00 EUR (no opening or study commission) |
| Funding time | Within one bank day of approval | 24-48 hours after approval, depending on the bank |
| 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 | Loan of EUR 100 over 35 days, TIN 463.55 %, TAE 4,530.48 %, interest EUR 44.45, total repayable EUR 144.45 |
| Eligibility | Swedish personal identity number and a Swedish bank account, with income and expenses declared in the online application | 18 or older, resident in Spain, valid DNI/NIE, bank account in a Spanish entity, verifiable regular income, own email and mobile |
| Loan types | Credit line, Personal | Payday, Personal |
| Free early repayment | Not confirmed | No |
| Origination fee (%) | Not confirmed | 0% |
| Credit needed | Not confirmed | Fair |
Same on both: Credit check (Hard), Rate type (Variable), Lender type (Direct lender), Use cases (Home improvement).
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Key differences
- Multitude scores higher overall: 8.8 vs 8.7.
- Founded is lower at Multitude: 2005 vs 2017.
- Multitude is available in 12 more countries.
- APR is lower at Multitude: 30.31% to 57.26% vs 4,530.48% to 8,385.16%.
- Term is higher at Wandoo: 7 to 35 months vs 12 months.
- Support channels: only Multitude offers Chat.
- Support channels: only Wandoo offers Email, Phone.
- Loan types: only Multitude offers Credit line.
- Loan types: only Wandoo offers Payday.
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.
Wandoo
Wandoo suits borrowers in Spain who want a small, short loan with no opening or study commission. The catch is the rate: an APR of 4,530.48% to 8,385.16% sits well above the personal loan median of 12.25%, and early repayment carries a charge.
Score breakdown
| Area | Multitude | Wandoo |
|---|---|---|
| Cost | 8.3 | 8.6HigherOrigination fee of 0.00 EUR (no opening or study commission) and no free early repayment, against an APR of 4,530.48% to 8,385.16%. |
| Offer | 9.0Higher | 8.8 |
| Trust | 9.1Higher | 8.8 |
Ranges side by side
| Fact | Multitude | Wandoo |
|---|---|---|
| APR | 30.31% to 57.26% | 4,530.48% to 8,385.16% |
How they place
| Ranking | Multitude | Wandoo |
|---|---|---|
| Personal loans | 30 of 1920 | 26 of 1920 |
| Home improvement loans | 13 of 562 | 12 of 562 |
Every fact side by side
| Fact | Multitude | Wandoo |
|---|---|---|
| Features | Credit line, Same day funding | Not confirmed |
| Legal entity | Multitude Bank p.l.c. | Wandoo Finance S.L.U. |
| Headquarters | Malta | Spain |
| Founded | 2005Lower | 2017 |
| Support channels | Chat, Help centre | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Multitude | Wandoo | Median |
|---|---|---|---|
| APR | 30.31% to 57.26%highest quarter | 4,530.48% to 8,385.16%highest quarter | 8.99 |
| Term | 12 monthslowest quarter | 7 to 35 monthsbelow the median | 60 months |
| Origination fee (%) | Not confirmed | 0%below the median | 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.
Wandoo
Pros
- No opening or study commission, with an origination fee of 0.00 EUR (no opening or study commission) on the payday and personal loans.
- Repayment follows the income cycle: €50 to €1,800 over 7 to 35, which suits a bill that clears next month rather than a multi year plan.
- Fixed monthly cost from a direct lender, direct lender, so the terms sit with one counterparty instead of a broker chain.
Cons
- The APR of 4,530.48% to 8,385.16% is far above the payday loan median of 36.5%, and the top of the range reaches 4,530.48% to 8,385.16%.
- Free early repayment is no, so clearing the loan early still carries a charge.
- The amount ceiling of €50 to €1,800 is small next to the home improvement median of €1,000, so a large renovation needs another lender.
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.
Wandoo
Who it suits
- Adults resident in Spain with a valid DNI/NIE, a Spanish bank account and verifiable regular income.
- Borrowers covering a short term expense, home improvement is the stated use.
- People whose credit file stands at a fair level and who can handle a hard credit check.
Who should look elsewhere
- Anyone planning to settle the loan early, since free early repayment is no.
- Borrowers needing a long repayment period, as 7 to 35 is short.
- Readers comparing against Monzo Flex, where an APR of 10% to 23% sits far below 4,530.48% to 8,385.16%.
Current offers
Wandoo
Current offer
First period offer
Primer minicredito gratis de 250-300 EUR al 0 % TAE: 0 % TAE on a first loan of 250-300 EUR (up to 30 days)
New customers only, amount 250-300 EUR, returned within the agreed term of up to 30 days without delay
Source, checked September 26, 2026
Country by country
| Country | Multitude | Wandoo |
|---|---|---|
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
| Finland | Yes | No |
| Germany | Yes | No |
| Latvia | Yes | No |
8 of 14 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.
Wandoo
What does a Wandoo loan cost?+
The published APR is 4,530.48% to 8,385.16% and the rate is variable. There is no opening or study commission, the origination fee being 0.00 EUR (no opening or study commission), so the interest rate does most of the work in setting what you repay. The representative example shows the annual cost clearly once the short term is taken into account.
Are there arrangement or opening fees?+
The origination fee is 0.00 EUR (no opening or study commission), and there is no opening or study commission on the payday or personal loans. Interest on the amount borrowed is the main cost, and the rate is variable, so it can move with the reference rate.
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