Updated September 28, 2026 · BorrowCue Editorial Team
Prestalo vs Sofkredit
Prestalo scores 8.8 and Sofkredit 8.6 out of 10. Compare their differences and shared features below.
What sets them apart
| Compare |  Prestalo |  Sofkredit |
|---|---|---|
| APR | 4.1% to 30%Lower | 10.74% to 18.06% |
| Loan amount | €500 to €100,000 | €12,000 to €300,000Higher |
| Term | 1 to 120 months | 6 to 240 monthsHigher |
| Arrangement fee | 0 EUR | 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 | Money transferred to your bank account, normally within 24 to 48 hours | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| 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 | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR |
| Eligibility | 18 or over, resident in Spain, valid DNI or NIE, stable sufficient income | 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 | Personal, Payday, Car, Debt consolidation, Secured | Secured, Debt consolidation, Business |
| Credit needed | Good | Poor |
| Rate type | Fixed | Not confirmed |
| Free early repayment | Yes | Not confirmed |
| Origination fee (%) | Not confirmed | 6% to 9% |
Same on both: Lender type (Broker), Use cases (Home improvement).
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Key differences
- Prestalo scores higher overall: 8.8 vs 8.6.
- Sofkredit is licensed in 1 more country.
- Sofkredit is available in 2 more countries.
- APR is lower at Prestalo: 4.1% to 30% vs 10.74% to 18.06%.
- Loan amount is higher at Sofkredit: €12,000 to €300,000 vs €500 to €100,000.
- Term is higher at Sofkredit: 6 to 240 months vs 1 to 120 months.
- Support channels: only Prestalo offers Chat.
- Loan types: only Prestalo offers Personal, Payday, Car.
- Loan types: only Sofkredit 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.
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 | Prestalo | Sofkredit |
|---|---|---|
| Cost | 9.4Higher | 8.5 |
| 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%. | 9.3HigherRanges 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 | 8.3 | 8.3 |
What each covers
| Loan types | Prestalo | Sofkredit |
|---|---|---|
| Personal | Yes | No |
| Payday | Yes | No |
| Debt consolidation | Yes | Yes |
| Secured | Yes | Yes |
| Car | Yes | No |
| Business | No | Yes |
| Use cases | Prestalo | Sofkredit |
|---|---|---|
| Home improvement | Yes | Yes |
Choosing between them
Pick Prestalo if cost and apr matter most.
Pick Sofkredit if offer, loan amount, and term matter most.
How they place
| Ranking | Prestalo | Sofkredit |
|---|---|---|
| Debt consolidation loans | 22 of 425 | 2 of 425 |
| Secured loans | 9 of 472 | 1 of 472 |
| Mortgages | 5 of 719 | 1 of 719 |
| Remortgage deals | 5 of 351 | 1 of 351 |
| Home improvement loans | 27 of 562 | 2 of 562 |
Every fact side by side
| Fact | Prestalo | Sofkredit |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Features | Same day funding | Same day funding |
| Legal entity | PRESTALO ONLINE, S.L. | Kova Finance, S.L. |
| Headquarters | Spain | Spain |
| Founded | 2018 | Not confirmed |
| Support channels | Email, Chat, Phone, Help centreCovers more | Email, Phone, Help centre |
Mortgages
| Fact | Prestalo | Sofkredit |
|---|---|---|
| Initial rate | 2.36%Lower | 8% to 14% |
| APRC | 2.97%Lower | 10.74% to 18.06% |
| Fixed period | 25 yearsHigher | 0.5 to 20 years |
| Maximum loan to value | 80%Higher | 30% |
| Product fee | €0Lower | €900 to €1,350 |
| Purpose | Purchase, Remortgage | Home equity, Remortgage |
Where each stands against the rest
| Fact | Prestalo | Sofkredit | Median |
|---|---|---|---|
| APR | 4.1% to 30%lowest quarter | 10.74% to 18.06%above the median | 8.99 |
| Loan amount | €500 to €100,000highest quarter | €12,000 to €300,000highest quarter | €40,000 |
| Term | 1 to 120 monthshighest quarter | 6 to 240 monthshighest quarter | 60 |
| Origination fee (%) | Not confirmed | 6% to 9%highest quarter | 0.25 |
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.
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
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.
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 | Prestalo | Sofkredit |
|---|---|---|
| France | No | Yes |
| Italy | No | Yes |
| Spain | Yes | Yes |
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.
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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