Updated September 28, 2026 · BorrowCue Editorial Team
Sofkredit vs Wannacash
What sets them apart
| Compare |  Sofkredit | Wannacash ReviewVisitVisit |
|---|---|---|
| APR | 10.74% to 18.06% | 0% to 4,507%Lower |
| Term | 6 to 240 monthsHigher | 2 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 EUR - WannaCash charges no commission or expenses |
| Funding time | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly | Same day; site states 1 minute to the account |
| Representative example | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR | Loan of 1,000 EUR over 24 months, total repayable 1,036.32 EUR, TAE 3.50% (Savso conditions) |
| 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 | Adults of legal age accessing the site from Spain |
| Loan types | Secured, Debt consolidation, Business | Personal |
| Loan amount | €12,000 to €300,000 | Not confirmed |
| Credit check | Soft prequal | Not confirmed |
| Origination fee (%) | 6% to 9% | Not confirmed |
| Use cases | Home improvement | Not confirmed |
Same on both: Lender type (Broker), Credit needed (Poor).
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Key differences
- Wannacash scores higher overall: 8.8 vs 8.6.
- Sofkredit is available in 2 more countries.
- APR is lower at Wannacash: 0% to 4,507% vs 10.74% to 18.06%.
- Term is higher at Sofkredit: 6 to 240 months vs 2 to 48 months.
- Support channels: only Sofkredit offers Phone, Help centre.
- Loan types: only Sofkredit offers Secured, Debt consolidation, Business.
- Loan types: only Wannacash offers Personal.
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
Wannacash charges no commission, works with poor credit and puts money in the account the same day, which suits borrowers in Spain who need a small personal loan quickly. Rates run 0% to 4,507% across terms of 2 to 48, and the broker sits behind the named operator 7eBiz International SL (CIF B-76048818).
Score breakdown
| Area | Sofkredit | Wannacash |
|---|---|---|
| Cost | 8.5 | 9.9Higher |
| 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. | 8.2 |
| Trust | 8.3 | 8.3 |
Licences and countries
| Country | Sofkredit | Wannacash |
|---|---|---|
| Italy | Not confirmed | |
| Spain | Banco de Espana E020 | Not confirmed |
Available in 1 country for both. Additional countries for Sofkredit: 2.
How they place
| Ranking | Sofkredit | Wannacash |
|---|---|---|
| Loans for bad credit | 2 of 275 | 13 of 275 |
Every fact side by side
| Fact | Sofkredit | Wannacash |
|---|---|---|
| Features | Same day funding | Same day funding |
| Legal entity | Kova Finance, S.L. | 7eBiz International SL (CIF B-76048818) |
| Headquarters | Spain | Spain |
| Support channels | Email, Phone, Help centreCovers more |
Mortgages
| Fact | Sofkredit | Wannacash |
|---|---|---|
| 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 | Median |
|---|---|---|---|
| APR | 10.74% to 18.06%above the median | 0% to 4,507%lowest quarter | 8.99 |
| Loan amount | €12,000 to €300,000highest quarter | Not confirmed | €40,000 |
| Term | 6 to 240 monthshighest quarter | 2 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.
Wannacash
Pros
- Charges no commission or expenses, so interest is the only cost of a Wannacash personal loan: 0 EUR - WannaCash charges no commission or expenses
- Funds the account the same day, quoting Same day; site states 1 minute to the account, in a market where only 82.9% of lenders offer same-day funding
- Works with poor credit, so a weak file is not ruled out at the application stage: poor
Cons
- Support runs on email only, with no phone or chat line listed for questions before or during a loan
- Wannacash is a broker rather than the lender, so 0% to 4,507% is a starting band and not a rate it sets itself
- The rate band is wide, running 0% to 4,507%, so the cheapest and the dearest offers sit far apart on the same page
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
Who it suits
- Adults of legal age in Spain who want a personal loan of 2 to 48 or less and the money in the account the same day
- Borrowers with poor credit who are comfortable with poor and want a broker to approach lenders on their behalf
- People who want to borrow without paying a commission or expenses, since 0 EUR - WannaCash charges no commission or expenses
Who should look elsewhere
- Anyone who wants to talk the numbers through by phone, since help runs on email only and a named provider such as Cashspace or Monzo Flex is the better place to start
- Applicants outside Spain, since the stated eligibility for the service is Adults of legal age accessing the site from Spain
- Anyone who wants a single named lender on a fixed published rate: Monzo Flex lists 10% to 23%, while Wannacash is a broker whose 0% to 4,507% band depends on the offer matched
Current offers
Wannacash
Current offer
First period offer
First loan at 0% interest, free of commissions: 0% interest
Subject to approval by the matching lender; total cost varies by lender, Wannacash states minimum TAE 0% and maximum TAE 4507%
Source, checked September 26, 2026
Country by country
| Country | Sofkredit | Wannacash |
|---|---|---|
| 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
Does Wannacash charge any fees for arranging a loan?+
No. The stated fee is 0 EUR - WannaCash charges no commission or expenses, which covers commission and expenses alike, so there is nothing to pay for the introduction itself. Interest is the only cost carried by a borrower who goes ahead, and the rate that applies comes from the partner the application is matched to.
How quickly does the money arrive?+
Funding is the same day, and the site states Same day; site states 1 minute to the account for the transfer to the account. That makes it among the quicker routes in this market, where 82.9% of lenders offer same-day funding at all. The pace applies to the transfer, not to the approval decision.
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