Prestalo review

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

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Our verdict

Prestalo suits Spanish residents who want one broker covering personal and mortgage borrowing, with personal loan APR of 4.1% to 30% and no arrangement fee.

Key facts

Best for
Spanish residents after a fee-free fixed-rate personal loan or a low fixed mortgage rate through one broker.
APR
4.1% to 30% (Source, checked September 26, 2026)
Loan amount
€500 to €100,000 (Source, checked September 26, 2026)
Term
1 to 120 months (Source, checked September 26, 2026)
Arrangement fee
0 EUR (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Money transferred to your bank account, normally within 24 to 48 hours (Source, checked September 26, 2026)
Representative example
EUR 5,000 loan repaid over 60 months, fixed annual interest 6.11%, TAE 6.28%, monthly payment 96.62 EUR, no opening or early-repayment fee, total repayable 5,815.20 EUR (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
18 or over, resident in Spain, valid DNI or NIE, stable sufficient income (Source, checked September 26, 2026)
Loan types
Personal, Payday, Car, Debt-consolidation, Secured (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
PRESTALO ONLINE, S.L. (Source, checked September 26, 2026)
Headquarters
Spain (Source, checked September 26, 2026)
Founded
2018 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
prestalo.com

Mortgages

Initial rate
2.36% (Source, checked September 26, 2026)
APRC
2.97% (Source, checked September 26, 2026)
Fixed period
25 years (Source, checked September 26, 2026)
Maximum loan to value
80% (Source, checked September 26, 2026)
Product fee
€0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Legal entity
PRESTALO ONLINE, S.L. (Source, checked September 26, 2026)
Headquarters
Spain (Source, checked September 26, 2026)
Founded
2018 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
TrustpilotX

Pros and cons

Pros

  • Personal loan APR runs 4.1% to 30% with arrangement fee 0 EUR, so the headline cost is the interest and nothing else.
  • Free early repayment means clearing the balance early costs nothing, which suits anyone whose income may rise.
  • Rate type is fixed and the model is fixed rate, so the monthly payment does not move when base rates shift.
  • Loan amount €500 to €100,000 and term 1 to 120 cover small bridging sums and long borrowing alike.
  • Support runs on email, chat and phone, so help is available by phone, chat and email as well as a help centre.

Cons

  • Credit check is hard and the credit needed is good, which rules out anyone with a thin or damaged credit file.
  • Lender kind is broker, so the lender you end up with is chosen by a third party rather than by you.
  • APR of 4.1% to 30% spans from below the personal loan median of 12% to well above it, so the rate you are offered depends heavily on your file.
  • Support runs on email, chat and phone only, so anyone who prefers to deal with a branch in person has no option here.
Prestalo

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Who it suits

  • Adults in Spain with a good credit file and stable income who want a fixed-rate personal loan with no arrangement fee.
  • Borrowers taking out a mortgage through a broker at an initial rate of 2.36% and APRC 2.97% with no product fee.
  • People who expect to clear the loan early and value free early repayment.

Who should look elsewhere

  • Anyone needing a variable-rate loan, since the rate type is fixed and the mortgage runs fixed for 25.
  • Borrowers with a poor credit history, given the hard credit check and the good credit requirement.
  • Shoppers who want to pick the lender directly, since Prestalo works as broker.

Who regulates the lender

Prestalo operates as broker, matching applications to lenders rather than lending from its own balance sheet. That structure means the loan contract runs with the lender who is matched, and the terms you sign are theirs. Prestalo is listed in 878/2018, seccion segunda, the Spanish register of financial intermediaries. Because a broker sits between you and the lender, the contract, the rate and the fee all come from the matched lender, so read the offer before you accept rather than relying on the quote shown at application.

What borrowing costs

Personal loan APR is 4.1% to 30%, which is the full cost of borrowing expressed as a single yearly figure, and the arrangement fee is 0 EUR. Early repayment is free, so there is no charge for clearing the balance ahead of schedule. The published representative example is worth reading closely: it sets out the loan size, the term, a fixed annual interest rate, an equivalent annual cost sitting above the headline rate, the monthly payment, the absence of an opening and early-repayment fee, and the total repayable, all within a single published set of figures. A TAE above the stated interest is normal in Spain because it folds in costs that sit outside the headline rate. On the mortgage, the product fee is €0, so there is no charge to open that account either.

How your money is protected

Prestalo is broker, so your application is passed to a lender and the loan is made by that lender. Prestalo itself holds 878/2018, seccion segunda in Spain, which is a registration of financial intermediaries rather than a deposit guarantee. The representative example is the clearest thing to check on any offer: the monthly payment, the total repayable and the absence of an opening or early-repayment fee all sit together in one published set of figures, which makes it easy to compare the real cost of a quote against the headline rate. Read that example before you commit to a term.

Application and funding speed

Money is transferred straight to your bank account, normally within a day or two, so a loan approved in the morning can land the same working day or the next. The amounts available run €500 to €100,000 and the term can be set anywhere inside 1 to 120, which lets you borrow a small sum for a short period or spread a larger one over a long term. Because the credit check is hard, the application is a full check rather than a soft prequalification, so it helps to have your income evidence ready before you start. Same-day funding is listed as a feature, and the transfer still lands in your own bank account.

The company behind it

Prestalo is run by PRESTALO ONLINE, S.L., based in Spain, and it has been trading since 2018. It is a relatively young operation, which is worth weighing against the age of the lenders it introduces you to. Support runs on email, chat and phone, so you can reach the team by phone, chat or email, or read the help centre, and the company sits in 878/2018, seccion segunda. The company covers personal loans, payday, car, debt consolidation and secured borrowing, and the mortgage side is handled through a named partner, so the same account covers a range of needs.

How Prestalo compares

Where Prestalo is available

Available
Spain
Licence in Spain
Registro Estatal de Intermediarios Financieros (878/2018, seccion segunda), checked September 26, 2026

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

Frequently asked questions

What APR does Prestalo charge on a personal loan?+

Personal loan APR is 4.1% to 30%, which covers the full cost of the credit as a single yearly rate. The arrangement fee is 0 EUR, so there is nothing on top of that figure to add separately. The rate is fixed, so the monthly payment holds steady for the whole term.

Is there any fee to open or repay a Prestalo loan early?+

The arrangement fee is 0 EUR and early repayment is free, so clearing the balance ahead of schedule carries no charge. The mortgage product fee is €0 as well. Together these mean your exit options stay open on both the personal loan and the mortgage.

Does Prestalo lend the money itself?+

Prestalo works as broker, so it introduces you to a lender rather than lending from its own books. The loan contract is with the matched lender, and the rate and terms come from them. Check the quote you are given at application, since that is the contract you sign.

Who regulates Prestalo in Spain?+

Prestalo appears in 878/2018, seccion segunda, the Spanish register of financial intermediaries, and the company sits in Spain. That is a registration of intermediaries rather than a deposit guarantee, so any protection on your money comes from the matched lender rather than from the broker.

How much can I borrow and over what period?+

Loan amounts run €500 to €100,000 and the term can be set anywhere inside 1 to 120. That spans a short bridging sum and a long repayment, so you can match the term to a project rather than the other way round. Home improvement is listed as a purpose, which is a common use for these loans.

How long does it take to get the money?+

Cash goes straight into your bank account, normally within a day or two of approval. Same-day funding is listed as a feature, so a decision made early in the day can reach you the same working day. The transfer lands in your own account rather than as a voucher.

What credit check will I go through?+

The credit check is hard and the credit needed is good, so this is a full check rather than a soft prequalification. It suits people with a clean record and regular income. If your file is thin, a soft prequalification offer such as Monzo Flex may be a gentler first step.

What does the mortgage side look like?+

The mortgage runs at an initial rate of 2.36% with an APRC of 2.97%, fixed for 25, and it can be used to purchase or to remortgage. Maximum loan to value is 80% and the product fee is €0. Compare the APRC rather than the initial rate, since it is the figure that carries the full cost.

Sources

  • prestalo.com checked September 26, 2026

    Backs: Features, Loan types, Support channels

    “Preguntas frecuentes: Tienes dudas? Encuentra respuestas claras ... WhatsApp ... 932 715 764 ... hola@prestalo.com”

  • prestalo.com/aviso-legal checked September 26, 2026

    Backs: Headquarters, Legal entity

    “Domicilio: Ronda Sant Pere nº 52, 08010 Barcelona”

  • prestalo.com/condiciones-generales checked September 26, 2026

    Backs: Licences

  • prestalo.com/prestamo-hipotecario/openbank checked September 26, 2026

    Backs: APRC, Fixed period, Initial rate, Maximum loan to value, Product fee, Purpose

  • prestalo.com/prestamo-personal checked September 26, 2026

    Backs: Loan amount, APR, Eligibility, Free early repayment, Funding time, Lender type, Pricing model, Arrangement fee, Rate type, Representative example, Term, Use cases

    “TAE 4,10 % ... TAE 30,00 %”

  • prestalo.com/prestamos checked September 26, 2026

    Backs: Credit check, Credit needed

  • prestalo.com/quienes-somos checked September 26, 2026

    Backs: Founded

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

Prestalo

Prestalo

Spanish residents after a fee-free fixed-rate personal loan or a low fixed mortgage rate through one broker.

8.8/10Visit

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