Prester review

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

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.

Our verdict

Prester lends directly in Paraguay to adults with a clean credit record, and its fixed-rate personal loans for home improvement run over 3 to 12. The 27.01% APR sits well above the 12% site median, so it suits planned projects repaid quickly, not ongoing borrowing.

Key facts

Best for
Fixed-rate personal loans of PYG 500,000 to PYG 10,000,000 in Paraguay for a dated home project.
APR
27.01% (Source, checked September 26, 2026)
Loan amount
PYG 500,000 to PYG 10,000,000 (Source, checked September 26, 2026)
Term
3 to 12 months (Source, checked September 26, 2026)
Arrangement fee
28% of the amount as administrative cost, plus 10% IVA on it (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
1 business day into the customer's bank account (Source, checked September 26, 2026)
Representative example
Loan amount Gs 2,000,000 over 12 months, monthly payment Gs 252,000, total cost of the loan Gs 1,049,000 (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
Age 18 to 65, valid Paraguayan ID card, Guarani account with an active debit card, no negative credit history (Source, checked September 26, 2026)
Origination fee (%)
28% (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
SIFT PARAGUAY S.A. (Source, checked September 26, 2026)
Headquarters
Paraguay (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
prester.com.py

Apps and profiles

Get the app
Google Play
Elsewhere
facebook.com

Pros and cons

Pros

  • Prester is a direct lender, so the application, the decision and the payout stay with a single firm in Paraguay.
  • Repayments are predictable on a fixed rate basis, and funding is quick: 1 business day into the customer's bank account.
  • Early repayment is free, so clearing the balance sooner adds nothing to the fee bill.
  • Support runs on email, chat and phone, including phone.

Cons

  • Every loan carries 28% of the amount as administrative cost, plus 10% IVA on it as an administration cost on the amount borrowed.
  • The credit check is hard (hard) and Prester asks for a good record (good), so any negative credit history blocks an application.
  • Terms are short: 3 to 12 against a 48 median term across personal loans on the site.
Prester

Ready to try Prester?

Scored 9.0 / 10 by BorrowCue.

See alternatives

Who it suits

  • Adults in Paraguay with a valid national ID card, a Guarani account with an active debit card and a clean credit record.
  • People funding a specific home improvement who want a predictable fixed repayment plan rather than a revolving arrangement.
  • Applicants who can absorb the administration charge and value a quick payout straight into their own bank account.

Who should look elsewhere

  • Rate-first borrowers: Monzo Flex at 10% to 23% and Cashspace at PHP 12 to PHP 36 sit below 27.01%.
  • Applicants with a credit file history, since Prester needs a good record (good) and a hard check (hard), so weigh Cashspace ES first.
  • Anyone who needs a long repayment window, because 3 to 12 caps the schedule and Monzo Flex may fit the project better.

How Prester compares

Where Prester is available

Available
Paraguay
Licence in Paraguay
Banco Central del Paraguay (BCP), checked September 26, 2026

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

Frequently asked questions

What does Prester cost to borrow?+

The advertised rate is 27.01% APR, and the 12% site median is far lower, so treat the rate as expensive. On top of that sits 28% of the amount as administrative cost, plus 10% IVA on it as an administration cost. Loans are fixed-rate (fixed), so the repayment amount does not move during the term.

How much can I borrow, and over what period?+

Loan amounts run PYG 500,000 to PYG 10,000,000, in Paraguayan guaraní, and the term is 3 to 12. That is a short window next to the 48 median term for personal loans. Prester offers personal loans aimed at home improvement.

Who can apply for a Prester loan?+

Applicants need a minimum age, a valid Paraguayan ID card, a Guarani account with an active debit card, and a record with no negative credit history. The contract is with SIFT PARAGUAY S.A., a lender based in Paraguay, so the product serves that market.

What kind of credit check does Prester run?+

The check is hard (hard), so an application is a full credit search rather than a soft quote. Prester also asks for a good credit history (good), and its eligibility rules out applicants with any negative credit history on file, so check your record before applying.

How quickly does the money arrive?+

Funding is quick: 1 business day into the customer's bank account, so the money lands directly in your own bank account. The rate is fixed (fixed) and early repayment is free, so clearing the balance sooner adds nothing to the fee bill.

Can I repay the loan early?+

Free early repayment is listed for Prester, so clearing the balance before the end of the 3 to 12 term costs nothing extra. That pairs well with the fixed rate, since the total cost falls with every instalment you choose not to pay.

Who regulates Prester, and who holds the loan?+

Prester is a direct lender (direct lender) in Paraguay, and the regulator named for this market is Banco Central del Paraguay (BCP). The contract is with SIFT PARAGUAY S.A., and the money is borrowed rather than held, so you repay into a Guarani bank account rather than keeping a balance with the lender.

How do I get help from Prester?+

Support runs on email, chat and phone, so you can call, chat, email or use the help centre. As a direct lender rather than a broker, the conversation stays with the firm that lends to you, which helps on repayment questions and application status.

Sources

  • play.google.com/store/apps/details checked September 26, 2026

    Backs: Headquarters, Lender type, Pricing model, Rate type, Representative example, Support channels, Term, Licences

    “National Office: Calle 14 de Mayo 1709 c/ Francisco Dupuis, Asuncion, Paraguay.”

  • prester.com.py/assets/Landing-B-iM2_s2.js checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Credit needed, Eligibility, Free early repayment, Funding time, Legal entity, Loan types, Arrangement fee, Origination fee (%), Use cases

    “"tea":27.01, "cft":30.53”

Compiled from 2 source pages, checked September 26, 2026. We did not open an account.

Prester

Prester

Fixed-rate personal loans of PYG 500,000 to PYG 10,000,000 in Paraguay for a dated home project.

9.0/10See alternatives

Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie policy
Cookie settings