Updated September 28, 2026 · SumCue Editorial Team
Bank of Africa vs SWK Bank
Bank of Africa
SWK Bank
Higher score in this comparison
What sets them apart
| Compare | Bank of AfricaReviewSee alternativesSee alternatives | SWK BankReviewSee alternativesSee alternatives |
|---|---|---|
| APR | 6.25% | 5.29% to 12.99%Lower |
| Loan amount | MAD 5,000 to MAD 500,000 | €7,500 to €100,000 |
| Term | 1 to 24 months | 24 to 120 monthsHigher |
| Arrangement fee | 0 MAD | 0 EUR |
| Representative example | Credit Daba consumer loan: for 100,000 DH you repay 60 monthly instalments of 1,948 DH excluding insurance, total due 116,880 DH, TEG 6.25% | Ratenkredit: net loan 10,000.00 EUR over 84 months at 6.29% effective annual rate for two thirds of customers |
| Eligibility | Any resident in Morocco, customer or not; aimed at private-sector employees, civil servants and retirees | At least 18 years old; main residence in Germany (employer's registered office likewise); at least six months with current employer and no probation; permanent employment; no negative SCHUFA or CRIF entry |
| Loan types | Personal, Debt consolidation | Personal, Car, Debt consolidation, SecuredCovers more |
| Credit check | Not confirmed | Hard |
| Funding time | Not confirmed | Loan amount transferred to your current account within a few days |
| Credit needed | Not confirmed | Good |
Same on both: Rate type (Fixed), Lender type (Direct lender), Free early repayment (Yes), Use cases (Home improvement).
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Key differences
- SWK Bank scores higher overall: 9.5 vs 9.4.
- APR is lower at SWK Bank: 5.29% to 12.99% vs 6.25%.
- Term is higher at SWK Bank: 24 to 120 months vs 1 to 24 months.
- Support channels: only Bank of Africa offers Chat.
- Support channels: only SWK Bank offers Phone, Email.
- Pricing model: only Bank of Africa offers No monthly fee.
- Loan types: only SWK Bank offers Car, Secured.
Our verdict on each
Bank of Africa
Bank of Africa is a practical choice for Moroccan residents, students and customers wanting everyday banking, fixed savings and personal loans. Its student-focused Visa debit card has a monthly fee of MAD 25, while fixed-term deposits and consumer credit add useful options for saving and borrowing.
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 | Bank of Africa | SWK Bank |
|---|---|---|
| Cost | Not confirmed | 9.3 |
| Offer | 8.8 | 9.6HigherOrigination fee of 0 EUR, APR of 5.29% to 12.99% against a site median of 15.5%. |
| Trust | 9.7Higher | 9.6 |
Licences and countries
| Country | Bank of Africa | SWK Bank |
|---|---|---|
| Germany | Not confirmed |
Additional countries for Bank of Africa: 1. Additional countries for SWK Bank: 1.
What each covers
| Loan types | Bank of Africa | SWK Bank |
|---|---|---|
| Personal | Yes | Yes |
| Debt consolidation | Yes | Yes |
| Secured | No | Yes |
| Car | No | Yes |
| Use cases | Bank of Africa | SWK Bank |
|---|---|---|
| Home improvement | Yes | Yes |
Where they rank in our lists
| Ranking | Bank of Africa | SWK Bank |
|---|---|---|
| Savings | 120 of 1492 | 109 of 1492 |
| Fixed-rate bonds and term deposits | 15 of 199 | 14 of 199 |
| Loans | 219 of 2043 | 209 of 2043 |
| Personal loans | 197 of 1317 | 188 of 1317 |
Sources behind this comparison
Bank of Africa
- bankofafrica.ma: 15 facts, checked September 26, 2026
- creditdaba.ma: 2 facts, checked September 26, 2026
SWK Bank
- swkbank.de: 19 facts, checked September 26, 2026
Every fact side by side
| Fact | Bank of Africa | SWK Bank |
|---|---|---|
| Pricing model | No monthly fee, Fixed rateCovers more | Fixed rate |
| Features | Multi currency | Not confirmed |
| Legal entity | BMCE Bank of Africa | Sued-West-Kreditbank Finanzierung GmbH |
| Headquarters | Morocco | Germany |
| Founded | 1959 | 1959 |
| Support channels | Chat, Help centre | Phone, Email, Help centre |
Personal insurance
| Fact | Bank of Africa | SWK Bank |
|---|---|---|
| Insurance types | Home, Travel, Health, Life, Income protection | Not confirmed |
| Provider type | Broker | Not confirmed |
| Monthly payments | Yes | Not confirmed |
| Audience | Student | Not confirmed |
| Cover limit | Sum assured from MAD 10,000 (Taamine Al Aazae death cover) | Not confirmed |
| Age range | 18 to 60 at subscription, cover until 65 | Not confirmed |
Savings
| Fact | Bank of Africa | SWK Bank |
|---|---|---|
| Headline rate | Not confirmed | 3.21% |
| Minimum deposit | Not confirmed | €10,000 |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Access terms | Deposit for 1-24 months, renewable; requires a dirham current account; early partial advance or full closure possible with a penalty rate on remuneration | Fixed term, no early access during the agreed term, extension possible after term end |
| Monthly fee | MAD 25 | €0 |
| Account kind | Fixed | Fixed |
Mortgages
| Fact | Bank of Africa | SWK Bank |
|---|---|---|
| Maximum loan to value | 50% | Not confirmed |
| Product fee | MAD 0 | Not confirmed |
| Purpose | Purchase | Not confirmed |
Where each stands against the rest
| Fact | Bank of Africa | SWK Bank | Median |
|---|---|---|---|
| APR | 6.25%below the median | 5.29% to 12.99%below the median | 9.99% |
| Term | 1 to 24 monthsbelow the median | 24 to 120 monthshighest quarter | 60 |
Median across 1096 listed providers.
Pros and cons
Bank of Africa
Pros
- The student debit card uses the Visa network and has a monthly fee of MAD 25.
- The fixed-term deposit requires no monthly fee and pays a fixed rate.
- Early partial withdrawal and full closure are possible, although a penalty rate applies.
Cons
- Fixed-term deposits require a dirham current account, and early withdrawal can reduce the return through a penalty rate.
- Support is limited to the channels listed in chat and help centre.
- The maximum mortgage loan to value is 50%, which may restrict borrowing for some purchases.
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
Bank of Africa
Who it suits
- Moroccan residents seeking a Visa debit card for everyday spending.
- Students looking for a bank account with straightforward card pricing.
- People interested in fixed savings, consumer credit or home purchase lending.
Who should look elsewhere
- Wise may suit people prioritising a lower listed account fee of £0.
- Varo Believe Secured Credit Card may suit users prioritising a secured credit card over a Visa debit card.
- bunq may suit people prioritising a listed monthly account fee of €0.
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 | Bank of Africa | SWK Bank |
|---|---|---|
| Germany | No | Yes |
| Morocco | Yes | No |
Questions about each
Bank of Africa
What type of bank card does Bank of Africa offer?+
Bank of Africa offers a student-focused debit card on the visa network. Its listed monthly fee is MAD 25. This makes it relevant for students and other Moroccan residents who want an everyday card linked to their banking.
What does a fixed-term deposit at Bank of Africa involve?+
The term runs for 1 to 24 and is renewable, with a fixed rate. A dirham current account is required. An early partial advance or full closure is possible, but a penalty rate on remuneration may apply.
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
Bank of Africa
SWK Bank