Updated September 28, 2026 · BorrowCue Editorial Team
Prestalo vs Smava
Where Prestalo and Smava differ
| Compare |  Prestalo |  Smava |
|---|---|---|
| APR | 4.1% to 30% | -0.4% to 19.9%Lower |
| Loan amount | €500 to €100,000 | €1,000 to €120,000Higher |
| Term | 1 to 120 months | 6 to 120 months |
| Credit check | Hard | Soft prequal |
| Funding time | Money transferred to your bank account, normally within 24 to 48 hours | Within a few working days; with digital account check and video ident some banks disburse the same day |
| 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 | Ratenkredit: EUR 50,000 net loan, 60 months, 8.70% effective annual rate, 60 monthly instalments of EUR 1,022.73, total EUR 61,363.57, Vereinigte Volksbank Raiffeisenbank eG |
| Lender type | Broker | Marketplace |
| Free early repayment | YesHas it | No |
| Eligibility | 18 or over, resident in Spain, valid DNI or NIE, stable sufficient income | At least 18 years old, main residence in Germany, current account at a German bank, regular income, sufficient creditworthiness |
| Loan types | Personal, Payday, Car, Debt consolidation, Secured | Personal, Car, Debt consolidation, Business |
| Credit needed | Good | Fair |
Same on both: Arrangement fee (0 EUR), Rate type (Fixed), Use cases (Home improvement).
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Key differences
- Smava scores higher overall: 8.9 vs 8.8.
- Founded is lower at Smava: 2007 vs 2018.
- APR is lower at Smava: -0.4% to 19.9% vs 4.1% to 30%.
- Free early repayment: only Prestalo.
- Loan amount is higher at Smava: €1,000 to €120,000 vs €500 to €100,000.
- Support channels: only Prestalo offers Chat.
- Loan types: only Prestalo offers Payday, Secured.
- Loan types: only Smava offers Business.
Our verdict on each
Prestalo
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.
Smava
Smava suits German borrowers who want one comparison across personal, car, consolidation and business loans, plus home finance, without paying a setup fee. It scores 6 overall, with -0.4% to 19.9% on loans and 3.2% on home finance, but early repayment is not free.
Score breakdown
| Area | Prestalo | Smava |
|---|---|---|
| Cost | 9.4Higher | 9.1 |
| Offer | 9.0Personal loans at 4.1% to 30% with arrangement fee 0 EUR and free early repayment, plus a mortgage at 2.36% and APRC 2.97%. | 9.1HigherAmounts of €1,000 to €120,000, rates of -0.4% to 19.9%, no origination fee of 0 EUR and same day funding. |
| Trust | 8.3 | 8.5Higher |
Where they rank in our lists
| Ranking | Prestalo | Smava |
|---|---|---|
| Personal loans | 60 of 1932 | 118 of 1932 |
| Debt consolidation loans | 22 of 425 | 48 of 425 |
| Mortgages | 5 of 719 | 17 of 719 |
| Remortgage deals | 5 of 351 | 14 of 351 |
| Car loans | 16 of 431 | 31 of 431 |
| Home improvement loans | 27 of 562 | 56 of 562 |
From lowest to highest
| Fact | Prestalo | Smava |
|---|---|---|
| APR | 4.1% to 30% | -0.4% to 19.9% |
| Loan amount | €500 to €100,000 | €1,000 to €120,000 |
| Term | 1 to 120 months | 6 to 120 months |
The bill, worked out
Borrow a typical amount over a typical term (estimate at the stated APR)
Prestalo
644.66 to 5,282.57
644.66 to 5,282.57
Smava
-61.55 to 3,360.55
-61.55 to 3,360.55
Smava comes out 706.21 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Pick Prestalo if, pick Smava if
Pick Prestalo if cost and free early repayment matter most.
Pick Smava if apr and loan amount matter most.
Where these facts come from
Prestalo
- prestalo.com: 20 facts, checked September 26, 2026
Smava
- smava.de: 20 facts, checked September 26, 2026
Every fact side by side
| Fact | Prestalo | Smava |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding | Same day funding |
| Legal entity | PRESTALO ONLINE, S.L. | smava GmbH (HRB 97913, Amtsgericht Charlottenburg) |
| Headquarters | Spain | Germany |
| Founded | 2018 | 2007Lower |
| Support channels | Email, Chat, Phone, Help centreCovers more | Email, Phone, Help centre |
Mortgages
| Fact | Prestalo | Smava |
|---|---|---|
| Initial rate | 2.36%Lower | 3.2% |
| APRC | 2.97%Lower | 3.2% |
| Fixed period | 25 yearsHigher | 10 years |
| Maximum loan to value | 80% | 110%Higher |
| Product fee | €0 | €0 |
| Purpose | Purchase, Remortgage | Purchase, Remortgage |
Where each stands against the rest
| Fact | Prestalo | Smava | Median |
|---|---|---|---|
| APR | 4.1% to 30%lowest quarter | -0.4% to 19.9%lowest quarter | 8.99 |
| Loan amount | €500 to €100,000highest quarter | €1,000 to €120,000highest quarter | €40,000 |
| Term | 1 to 120 monthshighest quarter | 6 to 120 monthshighest quarter | 60 |
Median across 1005 listed lenders.
Pros and cons
Prestalo
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.
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.
Smava
Pros
- Loan amounts run €1,000 to €120,000 with terms of 6 to 120
- Loan types cover personal, car and debt consolidation in one comparison
- A soft prequalification credit check (soft prequal) means you can check rates before a full application
Cons
- Free early repayment: no, so paying a loan off early carries a cost
- Credit needed is fair, and eligibility also requires a German bank account and regular income
- A marketplace, so the rate you get depends on which partner bank responds and the final offer comes from them
Who each suits
Prestalo
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.
Smava
Who it suits
- Adults in Germany with a current account at a German bank and regular income
- Anyone consolidating debts, funding a car or improving a home who wants to compare offers rather than one lender
- Borrowers who want a fixed rate over 6 to 120 on a personal loan
Who should look elsewhere
- People who want to repay a loan early at no cost
- Borrowers without regular income or a German current account
- Anyone needing a variable-rate loan, since the model is fixed rate
Current offers
Smava
Current offer
Bonus
500 EUR Amazon.de voucher on taking out a loan: 500 EUR Amazon.de voucher
Loan of at least EUR 30,000 concluded via the 'Zum Kreditvergleich mit Gutschein' button only; voucher sent by email after the 14-day withdrawal period has passed; restrictions apply per amazon.de/gc-legal
Source, checked September 26, 2026
Discount code
Cheaper-goes-does-not-exist guarantee: One-off compensation of the difference if a comparable domestic bank offer is cheaper
Applies to loans brokered via smava; amount follows the offers received in the smava credit comparison, stated without hidden conditions
Source, checked September 26, 2026
Country by country
| Country | Prestalo | Smava |
|---|---|---|
| Germany | No | Yes |
| Spain | Yes | No |
Questions about each
Prestalo
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.
Smava
What does Smava charge for setting up a loan?+
There is no origination fee on the personal loan: the arrangement fee is 0 EUR, and the product fee is €0. What you pay instead is interest on the borrowed amount, which is priced at -0.4% to 19.9% for your own profile.
How much can I borrow and over what term?+
Loan amounts run €1,000 to €120,000, and terms run 6 to 120. The rate model is fixed, so the figure you are offered is set at the start and does not drift with market moves.
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