Updated September 28, 2026 · BorrowCue Editorial Team
Sofkredit vs Solcredito MX
What sets them apart
| Compare |  Sofkredit |  Solcredito MX |
|---|---|---|
| APR | 10.74% to 18.06% | 9.5% to 3,696%Lower |
| Loan amount | €12,000 to €300,000 | up to MX$100,000 |
| Term | 6 to 240 monthsHigher | 3 to 48 months |
| Arrangement fee | 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 | 0 MXN |
| Funding time | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly | Within 24 hours |
| Representative example | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR | Borrow $10,000 at a 12% annual rate over 6 months: monthly payment $1,732.98, total repayment $10,397.88 (total CAT 12.001%) |
| Eligibility | 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 | 18-80 years old, resident in Mexico, hold an account at a national bank, email and mobile phone |
| Loan types | Secured, Debt consolidation, Business | Personal, Car, Secured, Debt consolidation, BNPL |
| Credit check | Soft prequal | Not confirmed |
| Rate type | Not confirmed | Fixed |
| Origination fee (%) | 6% to 9% | Not confirmed |
Same on both: Lender type (Broker), Credit needed (Poor), Use cases (Home improvement).
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Key differences
- Solcredito MX scores higher overall: 8.7 vs 8.6.
- Sofkredit is available in 2 more countries.
- APR is lower at Solcredito MX: 9.5% to 3,696% vs 10.74% to 18.06%.
- Term is higher at Sofkredit: 6 to 240 months vs 3 to 48 months.
- Support channels: only Sofkredit offers Phone.
- Loan types: only Sofkredit offers Business.
- Loan types: only Solcredito MX offers Personal, Car, BNPL.
Our verdict on each
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.
Solcredito MX
Solcredito MX suits Mexican residents with poor credit who need a personal loan quickly and want the repayment fixed. Funding lands Within 24 hours, the origination fee is 0 MXN, and the wide rate band is the main thing to check before you sign.
Score breakdown
| Area | Sofkredit | Solcredito MX |
|---|---|---|
| Cost | 8.5 | 8.9Higher |
| Offer | 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. | 8.59.5% to 3,696% is far wider than the alternatives, which is what holds the offer score back, though the fixed fixed rate keeps payments predictable. |
| Trust | 8.3 | 8.5Higher |
Pick Sofkredit if, pick Solcredito MX if
Pick Sofkredit if offer and term matter most.
Pick Solcredito MX if cost and apr matter most.
What each covers
| Loan types | Sofkredit | Solcredito MX |
|---|---|---|
| Personal | No | Yes |
| Debt consolidation | Yes | Yes |
| Secured | Yes | Yes |
| Car | No | Yes |
| Business | Yes | No |
| BNPL | No | Yes |
| Use cases | Sofkredit | Solcredito MX |
|---|---|---|
| Home improvement | Yes | Yes |
From lowest to highest
| Fact | Sofkredit | Solcredito MX |
|---|---|---|
| APR | 10.74% to 18.06% | 9.5% to 3,696% |
| Term | 6 to 240 months | 3 to 48 months |
How they place
| Ranking | Sofkredit | Solcredito MX |
|---|---|---|
| Loans for bad credit | 2 of 275 | 38 of 275 |
| Debt consolidation loans | 2 of 425 | 23 of 425 |
| Secured loans | 1 of 472 | 10 of 472 |
| Home improvement loans | 2 of 562 | 28 of 562 |
Every fact side by side
| Fact | Sofkredit | Solcredito MX |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding | Same day funding |
| Legal entity | Kova Finance, S.L. | Fiizy OU |
| Headquarters | Spain | Estonia |
| Founded | Not confirmed | 2011 |
| Support channels | Email, Phone, Help centreCovers more | Email, Help centre |
Mortgages
| Fact | Sofkredit | Solcredito MX |
|---|---|---|
| Initial rate | 8% to 14% | Not confirmed |
| APRC | 10.74% to 18.06% | Not confirmed |
| Fixed period | 0.5 to 20 years | Not confirmed |
| Maximum loan to value | 30% | Not confirmed |
| Product fee | €900 to €1,350 | Not confirmed |
| Purpose | Home equity, Remortgage | Not confirmed |
Where each stands against the rest
| Fact | Sofkredit | Solcredito MX | Median |
|---|---|---|---|
| APR | 10.74% to 18.06%above the median | 9.5% to 3,696%above the median | 8.99 |
| Term | 6 to 240 monthshighest quarter | 3 to 48 monthsbelow the median | 60 |
| Origination fee (%) | 6% to 9%highest quarter | Not confirmed | 0.25 |
Median across 1005 listed lenders.
Pros and cons
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.
Solcredito MX
Pros
- Origination fee of 0 MXN, so the cost is the interest and the amount you repay rather than a fee sitting on top.
- Poor credit is enough: poor is the stated requirement, and 70.1% shows most brands in the bad credit ranking ask the same.
- Quick payout on an accepted application, with funding Within 24 hours and same-day funding listed as a feature, same day funding.
Cons
- The rate band is the weak point: 9.5% to 3,696% stretches far wider than the 10% to 23% at Monzo Flex or the PHP 12 to PHP 36 at Cashspace.
- Support runs on email and help centre only, while phone is the most common channel in the personal loan ranking, 85.3%.
- It is a broker, broker, so the rate and the contract come from whichever lender takes the application, and direct lenders lead the personal loan ranking at 76.3%.
Who each suits
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
Solcredito MX
Who it suits
- Adults living in Mexico with a bank account, an email address and a mobile number, applying on poor credit.
- Borrowers who need the money Within 24 hours and can live with a monthly amount set on a fixed basis.
- People consolidating debts, buying a car or fixing up a home, since personal, car and secured and home improvement cover those uses.
Who should look elsewhere
- Borrowers who want a tight rate band: Monzo Flex prices at 10% to 23% and Cashspace at PHP 12 to PHP 36, both narrower than 9.5% to 3,696%.
- People who need to talk something through, since support is limited to email and help centre rather than a phone line.
- Borrowers wanting a bigger sum than up to MXN 100,000 or a longer term than 3 to 48, who would do better checking direct lenders than a broker.
Current offers
Solcredito MX
Current offer
First period offer
First loan from 0% interest: 0% interest on the first loan
Offer depends on the lender network; the exact CAT and any charges are disclosed before signing the loan contract
Source, checked September 26, 2026
Bonus
Extra $12,000 from 0% for special events: 12,000 MXN additional credit at 0%
Special event promotion on personal loans, terms per lender offer
Source, checked September 26, 2026
Country by country
| Country | Sofkredit | Solcredito MX |
|---|---|---|
| France | Yes | No |
| Italy | Yes | No |
| Mexico | No | Yes |
| Spain | Yes | No |
Questions about each
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.
Solcredito MX
What rate will I pay on a Solcredito MX personal loan?+
Rates depend on the partner lender your application reaches, and the published band is 9.5% to 3,696%, which is wide. For context, the middle of the market on this site is 12%. Ask for the rate in writing once an offer lands, and compare the total you repay against the amount you borrow.
Does Solcredito MX charge an origination fee?+
The stated origination fee is 0 MXN, so the headline cost here is the interest itself. That compares well with lenders that add a fee on top of the rate. Read the partner lender's terms too, since a broker arrangement carries terms set by the funder.
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