Updated September 28, 2026 · BorrowCue Editorial Team
Sofkredit vs Wannacash ES
Where Sofkredit and Wannacash ES differ
| Compare |  Sofkredit |  Wannacash ES |
|---|---|---|
| Loan amount | €12,000 to €300,000Higher | €50 to €900 |
| Term | 6 to 240 monthsHigher | 1 month |
| 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 EUR - WannaCash charges the applicant nothing |
| Credit check | Soft prequal | None |
| Funding time | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly | Money in the account in under 15 minutes after approval; usually same day as the application |
| 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 | Be of legal age, resident in Spain, hold a Spanish bank account and have recurring income; no payroll or guarantor required |
| Loan types | Secured, Debt consolidation, Business | Personal, Payday, Credit line, Business, Student, Car, Secured |
| APR | 10.74% to 18.06% | Not confirmed |
| Representative example | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR | Not confirmed |
| Origination fee (%) | 6% to 9% | Not confirmed |
| Use cases | Home improvement | Not confirmed |
Same on both: Lender type (Broker), Credit needed (Poor).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Sofkredit scores higher overall: 8.6 vs 8.3.
- Sofkredit is available in 2 more countries.
- Loan amount is higher at Sofkredit: €12,000 to €300,000 vs €50 to €900.
- Term is higher at Sofkredit: 6 to 240 months vs 1 month.
- Support channels: only Sofkredit offers Help centre.
- Loan types: only Sofkredit offers Debt consolidation.
- Loan types: only Wannacash ES offers Personal, Payday, Credit line.
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.
Wannacash ES
WannaCash suits borrowers in Spain who need a small personal or payday loan the same day and prefer a fee of 0 EUR - WannaCash charges the applicant nothing for the arrangement, though as a broker it passes the rate on from a third party lender.
Score breakdown
| Area | Sofkredit | Wannacash ES |
|---|---|---|
| Cost | 8.5 | Not confirmed |
| 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. | 8.3A fee of 0 EUR - WannaCash charges the applicant nothing and a lending range of €50 to €900 make this a small. |
| Trust | 8.3 | 8.3 |
Ranges side by side
| Fact | Sofkredit | Wannacash ES |
|---|---|---|
| Loan amount | €12,000 to €300,000 | €50 to €900 |
Feature by feature
| Loan types | Sofkredit | Wannacash ES |
|---|---|---|
| Personal | No | Yes |
| Payday | No | Yes |
| Debt consolidation | Yes | No |
| Credit line | No | Yes |
| Secured | Yes | Yes |
| Car | No | Yes |
| Business | Yes | Yes |
| Student | No | Yes |
Licences and countries
| Country | Sofkredit | Wannacash ES |
|---|---|---|
| Italy | Not confirmed | |
| Spain | Banco de Espana E020 | Not confirmed |
Available in 1 country for both. Additional countries for Sofkredit: 2.
Also worth a look
Qonto ES has loan amount at €750 to €1,000,000, against €12,000 to €300,000 for Sofkredit and €50 to €900 for Wannacash ES.
Qonto ES reviewHow they place
| Ranking | Sofkredit | Wannacash ES |
|---|---|---|
| Loans for bad credit | 2 of 275 | 14 of 275 |
| Secured loans | 1 of 472 | 3 of 472 |
| Business loans | 1 of 435 | 4 of 435 |
Every fact side by side
| Fact | Sofkredit | Wannacash ES |
|---|---|---|
| Features | Same day funding | Same day funding |
| Legal entity | Kova Finance, S.L. | 7eBiz International SL |
| Headquarters | Spain | Spain |
| Support channels | Email, Phone, Help centreCovers more | Email, Phone |
Mortgages
| Fact | Sofkredit | Wannacash ES |
|---|---|---|
| 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 | Wannacash ES | Median |
|---|---|---|---|
| APR | 10.74% to 18.06%above the median | Not confirmed | 8.99 |
| Loan amount | €12,000 to €300,000highest quarter | €50 to €900lowest quarter | €40,000 |
| Term | 6 to 240 monthshighest quarter | 1 monthlowest quarter | 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.
Wannacash ES
Pros
- A fee of 0 EUR - WannaCash charges the applicant nothing means the arrangement adds no cost to the borrowing.
- Funding is quick: money lands in the account minutes after approval, usually the same day as the application.
- The credit check is none, and eligibility rests on a Spanish bank account and recurring income, with no payroll or guarantor required.
Cons
- The cap on €50 to €900 sits far below €100 to €5,000 at Cashspace ES, so anyone covering a larger cost needs a different lender.
- The credit needed is poor, which tells you the pricing is aimed at applicants with a weaker credit history rather than the strongest files.
- WannaCash is a broker, so the offer you receive is set by a third party lender rather than by the broker you apply through.
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
Wannacash ES
Who it suits
- Adults in Spain who hold a Spanish bank account, have recurring income and need a small personal or payday loan the same day.
- Borrowers with poor credit who do not want a credit check run against them and want to skip the payroll and guarantor requirements.
- People who would rather deal with one broker that covers personal, payday and credit line than shop a separate lender for each loan type.
Who should look elsewhere
- Anyone borrowing a large sum: €50 to €900 stops well short of €100 to €5,000 at Cashspace ES and £10,000 to £35,000 at Monzo Flex.
- Borrowers who want a personal bank relationship with a wide lending range, since Monzo Flex works from £10,000 to £35,000.
- People who need live chat support, as support runs on email and phone only.
Current offers
Wannacash ES
Current offer
Bonus
First quick loan free of interest and fees: 0% interest and no fees on the first loan
Offer run by the partner lenders selected by Wannacash; complete the application form, not obliged to accept
Source, checked September 26, 2026
Country by country
| Country | Sofkredit | Wannacash ES |
|---|---|---|
| France | Yes | No |
| Italy | Yes | No |
| Spain | Yes | Yes |
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.
Wannacash ES
What does WannaCash charge to arrange a loan?+
The fee is 0 EUR - WannaCash charges the applicant nothing, so there is no arrangement charge to pay on top of the loan. What you repay is the amount advanced plus the interest the lender charges. Because WannaCash is a broker, the rate itself comes from a third party lender, so ask for the rate in writing before you accept an offer.
How much can I borrow from WannaCash?+
The lending range is €50 to €900, which is below the typical personal loan amount of €556.48 on the site. In practice this suits smaller, short-term needs rather than a large expense or a consolidation. If you need more, Cashspace ES lends up to €100 to €5,000.
Other options to compare
Other matchups
- Sofkredit vs First National Bank of Omaha
- Sofkredit vs Wells Fargo
- Sofkredit vs AffinityPlus Credit Union
- Sofkredit vs Alterna Bank
- Sofkredit vs Banco General
- Sofkredit vs BBK
- Sofkredit vs ING Germany
- Sofkredit vs AIB
- Sofkredit vs National Bank of Malawi Mo626 Digital+
- Sofkredit vs VCB Bank
- Sofkredit vs Cathay United Bank
- Wannacash ES vs Arab Islamic Bank
- Sofkredit vs Oney Préstamos ES
- Sofkredit vs Quick Car Finance
- Sofkredit vs Prestamiau ES
- Sofkredit vs Prestamiau
- Sofkredit vs Fidea
- Sofkredit vs 5in5
- Sofkredit vs Qonto ES
- Sofkredit vs Fiesta Credito
- Sofkredit vs Fiesta Credito MX
- Sofkredit vs Lendela
- Sofkredit vs Creditio
- Sofkredit vs BriteCap Financial
- Sofkredit vs Commerzbank
- Wannacash ES vs Alt Lending
- Sofkredit vs Postbank
- Sofkredit vs Consumers Credit Union
- Sofkredit vs CHECK24
- Sofkredit vs Nazivnost
- Sofkredit vs Smartney
- Sofkredit vs MoneyHero
- Sofkredit vs LEND.ch
- Sofkredit vs CitiBank AE
- Sofkredit vs Borrowell
- Wannacash ES vs Cool Credit
- Wannacash ES vs Moneyveo VN