Updated October 21, 2026 · SumCue Editorial Team
Afranga vs SWK Bank
Afranga
SWK Bank
Higher score in this comparison
Afranga vs SWK Bank: the differences
| Compare | AfrangaReviewVisitVisit | SWK BankReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 8% to 10%Higher | 3.21% |
| Term | 3 to 12 months | 24 to 120 monthsHigher |
| Minimum deposit | €10Lower | €10,000 |
| Deposit protection | None: not covered by any deposit guarantee scheme or investor compensation scheme | EU DGS up to EUR 100,000 |
| Access terms | Early withdrawal of up to 30% of the SaveSmart investment, max EUR 5,000, 1% fee | Fixed term, no early access during the agreed term, extension possible after term end |
| Regulators | Financial Supervision Commission of Bulgaria | Not confirmed |
Same on both: Rate type (Fixed), Monthly fee (€0), Account kind (Fixed).
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Key differences
- SWK Bank scores higher overall: 9.5 vs 8.8.
- Founded is lower at SWK Bank: 1959 vs 2021.
- Minimum deposit is lower at Afranga: €10 vs €10,000.
- Headline rate is higher at Afranga: 8% to 10% vs 3.21%.
- Term is higher at SWK Bank: 24 to 120 months vs 3 to 12 months.
- Pricing model: only Afranga offers Low fees.
- Pricing model: only SWK Bank offers Fixed rate.
Our verdict on each
Afranga
Afranga is a peer-to-peer lending platform, and its SaveSmart product suits beginners who want a fixed target return over a short term, with an account fee of €0 and a minimum investment of €10. The money funds loans rather than sitting in a deposit, so it is outside every deposit guarantee scheme and investor compensation...
SWK Bank
SWK Bank suits borrowers in Germany with permanent employment who want a long fixed-rate instalment loan with no arrangement fee. Its APR of 5.29% to 12.99% sits well under the site median of 15.5%, and a fixed deposit at 3.21% gives savers a home for cash.
Score breakdown
| Area | Afranga | SWK Bank |
|---|---|---|
| Cost | 9.0Free deposits and withdrawals, plus an entry point of €10, keep the cost side simple for a saver. | 9.3Higher |
| Offer | 9.3Headline rate of 8% to 10% at a fixed rate over 3 to 12 months, against a site median headline rate of 3%. | 9.6HigherOrigination fee of 0 EUR, APR of 5.29% to 12.99% against a site median of 15.5%. |
| Trust | 8.3A named company trading since 2021 under Resolution 863/12.09.2023, with no protection scheme behind the funds. | 9.6Higher |
Ranges side by side
| Fact | Afranga | SWK Bank |
|---|---|---|
| Term | 3 to 12 months | 24 to 120 months |
Which one suits you
Pick Afranga if headline rate and minimum deposit matter most.
Pick SWK Bank if cost, offer, and term matter most.
Where each is licensed and available
| Country | Afranga | SWK Bank |
|---|---|---|
| Bulgaria | Financial Supervision Commission of Bulgaria Resolution 863/12.09.2023 | Not confirmed |
| Germany | Not confirmed |
How they place
| Ranking | Afranga | SWK Bank |
|---|---|---|
| Savings | 39 of 1492 | 109 of 1492 |
| Fixed-rate bonds and term deposits | 5 of 199 | 14 of 199 |
Every fact side by side
| Fact | Afranga | SWK Bank |
|---|---|---|
| Pricing model | Low fees | Fixed rate |
| Legal entity | Afranga EOOD | Sued-West-Kreditbank Finanzierung GmbH |
| Headquarters | Bulgaria | Germany |
| Founded | 2021 | 1959Lower |
| Support channels | Email, Phone, Help centre | Phone, Email, Help centre |
Where each stands against the rest
| Fact | Afranga | SWK Bank | Median |
|---|---|---|---|
| Headline rate | 8% to 10%highest quarter | 3.21%below the median | 3.3 |
| Term | 3 to 12 monthslowest quarter | 24 to 120 monthshighest quarter | 60 |
| Minimum deposit | €10above the median | €10,000highest quarter | €1 |
| Monthly fee | €0at the median | €0at the median | €0 |
Median across 710 listed providers.
Pros and cons
Afranga
Pros
- Support runs on email, phone and help centre, so a phone line sits alongside written replies and a help centre.
- The service is aimed at beginners, and the money goes into a single fixed account rather than a mixed pot.
- Afranga runs on a low fees model, which keeps the pricing short instead of tiered.
Cons
- Protection is thin: deposit protection and investor protection are both absent, so neither a deposit guarantee scheme nor an investor compensation scheme stands behind the balance if Afranga fails.
- Access terms cut both ways, since early withdrawal reaches only part of the investment, capped at a ceiling, with a percentage fee on the amount taken.
- The term runs 3 to 12 months, shorter than a site median term of 36, so the fixed return is tied up for a brief window.
SWK Bank
Pros
- Arrangement fee of 0 EUR on the instalment loan
- APR of 5.29% to 12.99% against a site median of 15.5%
- Repay early free of charge on the instalment loan
Cons
- Loan amounts run €7,500 to €100,000, so smaller sums fall outside the range
- A hard credit check and good credit needed, so a negative entry rules you out
Who each suits
Afranga
Who it suits
- Beginners placing a first sum somewhere, since the service is aimed at beginners.
- Savers who can commit for a term of 3 to 12 months and want the return set at the start.
- Anyone comfortable holding the balance themselves, with no deposit guarantee scheme or investor compensation scheme behind it.
Who should look elsewhere
- Savers who want the smallest possible start, since XTB takes a minimum deposit of €0.
- Anyone comparing entry cost across platforms, with Bitpanda taking a minimum deposit of €1 and Afranga asking €10.
- Savers who want a guaranteed payout behind the balance: no deposit guarantee scheme or investor compensation scheme covers the money here.
SWK Bank
Who it suits
- German residents with permanent employment and a clean credit record
- Borrowers planning home improvements, a car purchase or debt consolidation
- Savers who can leave a fixed sum untouched for the agreed term
Who should look elsewhere
- Anyone wanting a higher rate ceiling, since Cashspace quotes APRs of PHP 12 to PHP 36
- Anyone on probation, self-employed, or carrying a negative credit entry
- Borrowers who want a variable rate, since the fixed rate here never reprices
Country by country
| Country | Afranga | SWK Bank |
|---|---|---|
| Germany | No | Yes |
Questions about each
Afranga
What rate does Afranga pay on SaveSmart?+
The headline rate is 8% to 10% a year, and the rate type is fixed, so the return is set when the account opens rather than following the market. For scale, the median headline rate across the site is 3%. The money goes into a single fixed account.
How long do I have to leave my money in?+
The term is 3 to 12 months, which is short next to a site median term of 36. Because the account kind is fixed and the rate is fixed, both the return and the dates are fixed at the start, which suits people who can treat the sum as set aside.
SWK Bank
What does a SWK Bank instalment loan cost?+
The arrangement fee is 0 EUR, and the APR runs 5.29% to 12.99% on a fixed rate, so the cost holds steady across the term. A published representative example shows a net loan repaid over 24 to 120.
How much can I borrow and for how long?+
Loan amounts run €7,500 to €100,000 with terms of 24 to 120. Repayments are fixed, and early repayment carries no charge. The loan amount is transferred to your current account within a short wait.
Other options to compare
Other matchups
Afranga
SWK Bank