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BAWAG review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

BAWAG lends directly from an Austrian bank, so borrowing and savings sit with one bank rather than a broker. The online credit takes an arrangement fee of 0 EUR - no processing fee (keine Bearbeitungsgebuehr), terms run 12 to 120 and payouts land Payout within 24 hours.

Key facts

Best for
Austrian residents with good credit who want a direct lender, a fee-free loan and savings that pay 0.01%.
Loan amount
€4,000 to €75,000↗
Term
12 to 120 months↗
Arrangement fee
0 EUR - no processing fee (keine Bearbeitungsgebuehr)↗
Credit check
Hard↗
Funding time
Payout within 24 hours↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
No↗
Eligibility
Minimum age 18, main residence in Austria↗
Origination fee (%)
0%↗
Loan types
Personal, Debt-consolidation, Car↗
Credit needed
Good↗
Use cases
Home-improvement↗
Legal entity
BAWAG P.S.K. Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse Aktiengesellschaft↗
Headquarters
Austria↗
Founded
1922↗
Support channels
Phone, Email, Help-centre↗
Pricing model
Fixed rate
Features
Rewards
Official website
bawag.at

Credit cards

Annual fee
€24.94↗
Currency conversion fee
1.5%↗
Rewards type
Cashback↗
Rewards rate
up to 15% cashback on account maintenance fees↗
Perks
Purchase protection, Contactless payment, 3D Secure, Apple Pay, Google Pay↗
Card kind
Charge↗

Savings

Headline rate
0.01%↗
Minimum deposit
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Daily availability, no notice period; eBanking participation mandatory↗
Monthly fee
€0↗
Account kind
Easy access↗

Mortgages

Maximum loan to value
80%↗
Purpose
Purchase, Remortgage↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
X

Pros and cons

Pros

  • The online credit carries an arrangement fee of 0 EUR - no processing fee (keine Bearbeitungsgebuehr), so nothing is taken on top of the loan
  • Payout is Payout within 24 hours, quicker than most personal loans in the category
  • The savings account is easy access, with daily availability, no notice period and a monthly fee of €0
  • BAWAG lends directly, with the bank as the legal entity rather than a middleman

Cons

  • Free early repayment: no, so repaying a loan ahead of schedule carries a cost
  • The savings account requires eBanking participation, so daily access depends on online banking
  • The rate is fixed for the whole term, so a later fall in market rates leaves the payment as agreed

Ready to try BAWAG?

Scored 9.3 / 10 by SumCue.

See alternatives

Who it suits

  • Austrian residents with good credit, since eligibility needs a minimum age and main residence in Austria
  • Borrowers consolidating debt or funding home improvement, as both sit inside the loan types offered
  • People holding savings and borrowing with one bank, given the savings rate of 0.01%

Who should look elsewhere

  • Cashspace, which lends in a different currency and market and cannot take an Austrian application
  • Creduma ES, which starts above the €4,000 to €75,000 BAWAG lends
  • Sofkredit, whose lending runs well past the €4,000 to €75,000 BAWAG offers

How BAWAG compares

Where BAWAG is available

Available
Austria
Licence in Austria
Finanzmarktaufsicht (FMA), checked September 26, 2026
Licence in Austria
European Central Bank, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does BAWAG charge to arrange an online loan?+

The online credit carries an arrangement fee of 0 EUR - no processing fee (keine Bearbeitungsgebuehr), so nothing is taken before the money reaches the account. The cost of borrowing therefore rests on the rate and term you agree rather than on a processing charge.

How long does a BAWAG loan take to arrive?+

Payout is Payout within 24 hours once an application is approved. The application runs through online credit covering personal loans, debt consolidation and car finance, so the wait is short against branch paperwork.

How much can I borrow from BAWAG?+

The online credit runs from €4,000 to €75,000, with terms of 12 to 120. That range suits a new car, a home improvement project or pulling several existing debts into one repayment.

Is my money safe with BAWAG?+

Deposits are covered by EU DGS up to EUR 100,000, so savings held with the bank stay protected if it fails. BAWAG is supervised in Austria by the Finanzmarktaufsicht and the European Central Bank, so the money sits with a regulated bank rather than an intermediary.

Can I get at my savings when I need them?+

The savings account gives easy access access, so money is available daily with no notice period. Access runs through eBanking, which must be part of the setup, and the account pays 0.01%, with a monthly charge of €0.

What credit check does BAWAG use?+

The online credit uses a hard credit check, and the card application asks for good credit. Applicants need a minimum age and main residence in Austria, so the product suits established residents rather than newcomers to borrowing.

What does the BAWAG card cost to hold?+

The card charges an annual fee of €24.94 and a currency conversion fee of 1.5% on foreign spending. It pays up to 15% cashback on account maintenance fees, and adds purchase protection, contactless payment and mobile wallet payments.

Can I repay a BAWAG loan early?+

Free early repayment: no, so settling the balance ahead of schedule carries a cost. Over the term you would otherwise pay a fixed rate, so it is worth weighing the early exit terms against the interest saved.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Representative example.

BAWAG

Austrian residents with good credit who want a direct lender, a fee-free loan and savings that pay 0.01%.

9.3/10See alternatives