Top personal loans compared

About Top personal loans compared

Personal loans here stretch from a short peso line for a single bill to a multi-year euro loan, and the members below were picked on the three things that decide whether a loan works: what it costs, how the money reaches you, and what happens to your credit file. Each serves a single market: the Philippines, Mexico or Spain, so this is a comparison between offers in different currencies rather than a like-for-like rate sheet. Personal loans from 1,277 brands are compared on the site, and the members here score highest on cost, offer and trust. The main trade-off in this ranking is between a headline price and a schedule you can live with. Several members advertise an opening fee of 0 MXN or a headline rate of 0%, which reads well on the page, yet the term can be 2 to 3 with a hard credit check. Others stretch to 3 to 96 and pass the decision to a partner lender, which costs more month to month but repays at a pace a budget can carry.

How we picked

Every brand in this ranking is scored on three weights and nothing else. Cost carries 35%, the offer itself 25% and trust 40%, which is the heaviest of the three and the reason each member's legal entity and lender type matters. Cost is built from the annual rate, the opening fee and the term, so a cheap headline cannot hide behind a long schedule. Trust is built from the credit check, the credit profile a lender accepts, the funding time and the support channels, since a lender that is hard to reach is harder to trust with a repayment. The offer covers the range of amounts, the mix of loan types and whether money lands the same day. Figures come from each provider's own site, its terms and conditions and privacy pages, and from the wider set of 1,277 brands held on the site, where retail losses run at a median of 70.15% with 65.75% at the lower end and 74.5% at the upper. Partner brands are listed first in score order and the rest follow. Where brands read the same on cost, the clearer funding promise ranks higher.

Our top picks

1. 4. Prestamiau

   Prestamiau earns its place in this ranking on speed: the fee is 0 MXN and the whole application is described as running inside Loan obtained in 5 minutes; full process under 30 minutes. Borrowing runs MXN 100 to MXN 20,000 at an annual rate of MXN 0 to MXN 36 over a term of 3 to 4, which makes it a fit for one clear expense rather than a consolidation. Applicants need to be residents of Mexico with their own bank account, stable income, valid official identification, a phone and an email, and it lends to poor credit. It works as a marketplace run by Fininity OÜ, covers personal loans and debt consolidation, and names home improvement as the use, with a worked example that costs the borrower nothing. The limit in this ranking is contact: support runs on email only, and Kviku, the member next, also reaches you through email alone while funding described as instant.

   • APR: MX$0 to MX$36
   • Loan amount: MX$100 to MX$20,000
   • Term: 3 to 4 months

   Pros

   • Arrangement fee of 0 MXN and 0% on personal loans, so setting up adds nothing.
   • A rate of MXN 0 to MXN 36 places Prestamiau at position 1 of 338 on cost.
   • Loan obtained in 5 minutes; full process under 30 minutes, so an urgent bill can be covered the same day.
   • Open to poor credit, a group making up 42.3% of the personal loan table.
   • personal and debt consolidation covers a consolidation bill and a repair job in one application.

   Cons

   • Support runs on email only, so a payment problem is sorted in writing.
   • Terms of 3 to 4 leave a short window, so the balance must clear quickly.
   • Borrowing stops at MXN 100 to MXN 20,000, far below larger facilities such as Creduma ES from from €12,000.
   • As a marketplace, the lender in the contract is matched to you rather than chosen.

What to look for

The rate you really pay

Annual rates across this ranking sit at a median of 14.43%, with 7.49% at the lower end and 25.09% at the upper. A spread that wide means the same lender can price two borrowers very differently, so read the offer made to you rather than the top of the range.

How long you repay

Terms in this category run a median of 36 months, from 1 to 480. A longer term cuts the monthly payment and raises the total repaid, and about 78.9% of lenders leave early repayment free, which makes a long schedule safer to carry.

What the loan costs to open

An opening fee of 0 MXN appears on several members here, and headline rates across this ranking hold a median of 3% with 1.05% at the lower end. A cost-free opening still leaves interest to pay, so the fee belongs beside the rate and not in front of it.

What happens to your credit file

Hard credit checks cover 76.8% of lenders in this category, 19% run a soft prequalification and 4.3% run no check at all. Lenders aimed at 42.3% credit make up a large share of the group, which helps applicants with a thin file.

Speed of payout

Same-day funding is advertised by 57.5% of lenders in this ranking, with 22.7% offering a reusable line. Money that moves fast matters when a bill cannot wait, but a decision in minutes usually means a broker or marketplace passing your file to a partner lender.

How you reach them

Email support is offered by 73.5% of lenders here, a help centre by 71% and phone support by 84.2%. When a repayment goes wrong, a phone line that a person answers is worth more than another automated form.

Frequently asked questions

Top personal loans compared by country

• Australia
• Austria
• Brazil
• Canada
• China
• France
• Germany
• India
• Italy
• Japan
• Mexico
• South Korea
• Spain
• United Kingdom
• United States

Providers compared head to head

• Oney Prestamos vs Prestamiau ES
• Oney Prestamos vs Prestamiau
• Oney Préstamos ES vs Prestamiau ES
• Oney Préstamos ES vs Prestamiau
• Prestamiau ES vs Prestamiau

The data behind this ranking

All data and the CSV