Nequi review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Nequi lends directly from its own balance, so the money sits with the lender and there is no broker in the middle. It suits borrowers in Colombia who want a personal loan with fast payout and no arrangement fee, and the headline number is a 2.73% to 65.36% range.

Key facts

Best for
A personal loan from a direct lender in Colombia with no arrangement fee and payout in minutes.
APR
2.73% to 65.36% (Source, checked September 26, 2026)
Loan amount
COP 100,000 to COP 5,550,000 (Source, checked September 26, 2026)
Term
1 to 48 months (Source, checked September 26, 2026)
Arrangement fee
0 COP - loan management, loan study, disbursement and collection fees are free (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Disbursement in minutes (Source, checked September 26, 2026)
Representative example
Credito de Bajo Monto: COP 1,000,000 over 36 months at 2.4% E.M (33% E.A), monthly payment COP 49,671 (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Ages 18 to 65, no pending payment obligations (Source, checked September 26, 2026)
Origination fee (%)
0% to 4% (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Nequi S.A. Compania de Financiamiento (Source, checked September 26, 2026)
Headquarters
Colombia (Source, checked September 26, 2026)
Founded
2016 (Source, checked September 26, 2026)
Support channels
Phone, Chat, Help-centre, Community (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
nequi.com.co

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataLinkedInX

Pros and cons

Pros

  • Arrangement fee is free, and loan management, study, disbursement and collection charges are free too
  • Disbursement in minutes, so Disbursement in minutes matches the same-day funding the app is built around
  • Fixed-rate loans on fixed rate terms, so payments do not shift with the market
  • A 2.73% to 65.36% range that starts well below the 12% typical of the personal loans on the site

Cons

  • The top of the 2.73% to 65.36% range is far above the 12% site median, so the cost depends heavily on your profile
  • Credit needed is poor, and a hard credit check is part of every application
  • Borrowing caps out at COP 100,000 to COP 5,550,000, which covers smaller needs rather than major home projects
Nequi

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Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Adults in Colombia within the Ages 18 to 65, no pending payment obligations eligibility window who have no pending payment obligations
  • Borrowers with a thin credit file who still want a fixed-rate personal loan
  • Anyone who wants the money released fast and can clear the hard credit check

Who should look elsewhere

  • Monzo Flex, if you want a personal loan in a different market than Colombia
  • Cashspace, if you are looking at a lender outside Colombia where Nequi does not operate
  • Anyone needing a large secured loan, as Nequi covers personal loans only

Safety and regulation

Nequi is a direct lender rather than a broker, so the money comes from the same company you apply to. It is supervised in Colombia by the Superintendencia Financiera de Colombia, and FOGAFIN deposit insurance appears in the records for the same market. The representative example is a low-amount credit of COP over a long repayment period, with the monthly payment shown alongside the effective annual rate. That combination of a named regulator and a published example gives you something concrete to check before you sign.

Who runs it

The lender is Nequi S.A. Compania de Financiamiento, based in Colombia and founded in 2016. It is a digital operation rather than a branch network, and help runs through phone, chat and help centre, so phone, chat, a help centre and a community are all in place. Most of the product runs through the app, which is where the credit application and the same-day funding both sit.

How Nequi compares

Where Nequi is available

Available
Colombia
Licence in Colombia
Superintendencia Financiera de Colombia, checked September 26, 2026
Licence in Colombia
FOGAFIN (deposit insurance), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does a Nequi personal loan cost?+

Interest runs at a 2.73% to 65.36% range, and the loan itself is fixed-rate on fixed rate terms. An origination charge of 0% to 4% can apply on top. The arrangement fee is free, and so are loan management, loan study, disbursement and collection fees.

How much can I borrow and for how long?+

Loan amounts run COP 100,000 to COP 5,550,000, and the term runs 1 to 48. That is a small-ticket product, so the largest figure is not aimed at major renovations. The listed use case is home improvement, which fits modest projects rather than full builds.

How fast do I get the money?+

Funding is disbursement in minutes, listed under same-day funding. The application runs through the app, and the credit check is hard, so the speed applies once a decision is made. It is one of the quickest payout styles among the lenders compared here.

Will I pass the credit check with a poor credit file?+

The credit needed is listed as poor, so the product is aimed at borrowers without a strong history. It still runs a hard credit check, which means the search is recorded and there is no soft pre-qualification step. Applicants also need to meet the eligibility rules, including no pending payment obligations.

Is my money protected and who regulates Nequi?+

Nequi is supervised in Colombia by the Superintendencia Financiera de Colombia. FOGAFIN deposit insurance is listed for the same market. As a direct lender rather than a broker, the loan is made by the company you apply to.

Can I repay early without a charge?+

Early repayment is free, so settling the loan early carries no extra cost. Combined with the free arrangement fee, it means the main things you pay for are interest and any origination charge on the loan.

Who is the lender behind the app?+

The legal entity is Nequi S.A. Compania de Financiamiento, headquartered in Colombia and founded in 2016. It lends directly rather than passing you to other lenders. Support runs through phone, chat and help centre, including phone and chat.

Does it offer other kinds of lending?+

The product list covers personal loans only, so there is no car finance or business borrowing here. The stated use case is home improvement, and amounts cap at COP 100,000 to COP 5,550,000. If you need a secured or larger loan, a different lender is a better fit.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Nequi

Nequi

A personal loan from a direct lender in Colombia with no arrangement fee and payout in minutes.

9.1/10See alternatives

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