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Compass review

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

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Our verdict

Compass is a bank-direct lender for Italian residents, and it is a poor fit for you if you need to check rates without a hard credit check. hard stands, and 7.38% to 15.84% sits well under the 15.5% typical of the wider market, with free early repayment on every loan.

Key facts

Best for
Fixed-rate personal and debt consolidation loans for Italian residents.
APR
7.38% to 15.84%↗
Loan amount
€1,000 to €30,000↗
Term
24 to 96 months↗
Arrangement fee
0 EUR for online loans from 1,000 to 5,000 EUR↗
Credit check
Hard↗
Funding time
Outcome within the next working day; existing app customers up to 5,000 EUR in 60 seconds↗
Representative example
Prestito Online EUR 7,000: TAEG 7.38% to 15.84%, fixed TAN 6.9% to 13.89%, 60 monthly instalments of EUR 138.69 to 139.92↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Italian or foreign citizen aged 18 to 82, resident in Italy↗
Loan types
Personal, Debt-consolidation↗
Use cases
Home-improvement↗
Legal entity
Compass Banca S.p.A.↗
Headquarters
Italy↗
Founded
1960↗
Support channels
Phone, Help-centre↗
Pricing model
Fixed rate
Features
Same-day funding
Official website
compass.it

Credit cards

Annual fee
€0↗
Rewards type
Cashback↗
Rewards rate
Cashback Base on spending above a minimum threshold↗
Perks
No annual fee, Stamp duty paid by Compass, Paper and digital statement at EUR 0, Initial credit line of EUR 1,500, Issued and activated directly in branch, Visa circuit with contactless and 3D Secure, Apple Pay and Google Pay, Free SMS transaction alerts, Free 24/7 card blocking number↗
Card kind
Credit↗

Personal insurance

Insurance types
Home, Home-emergency, Health, Travel, Pet↗
Provider type
Broker↗
Monthly payments
Yes↗
Claims channels
Phone, Email, Online-portal, Post↗
Age range
18+ (resident in Italy)↗

Facts checked September 26, 2026, 11 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataXLinkedInyoutube.com

Pros and cons

Pros

  • 0 EUR for online loans from 1,000 to 5,000 EUR for online loans of €1,000 to €30,000
  • same day funding is listed, and existing app customers get a fast decision
  • Free early repayment is offered, as 79.4% of the market does
  • A Compass Banca S.p.A. with a Banca d'Italia banking licence, plus a RUI D000203141 sez. D for insurance

Cons

  • hard means applying can leave a mark on the credit file
  • phone and help centre are listed, so there is no live chat on the loan side
  • 7.38% to 15.84% tops out at more than twice the 7.85% low end seen across the market
Compass

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Scored 9.4 / 10 by SumCue.

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Who it suits

  • Italian residents in their adulthoods looking for fixed rate pricing
  • People consolidating existing debts, since personal and debt consolidation are listed
  • Branch customers who also want a credit card with €0

Who should look elsewhere

  • Anyone who wants a soft check, because hard
  • Borrowers outside Italy, since Italian or foreign citizen aged 18 to 82, resident in Italy requires residence in Italy
  • Those who want live chat, because phone and help centre cover phone and a help centre only

How Compass compares

Where Compass is available

Available
Italy
Licence in Italy
Banca d'Italia (Albo dei Gruppi Bancari n. 1030 (Gruppo Bancario Monte dei Paschi di Siena)), checked September 26, 2026
Licence in Italy
IVASS (RUI D000203141 sez. D), checked September 26, 2026

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

Frequently asked questions

What rate will I pay on a Compass personal loan?+

Loans are fixed rate at an APR of 7.38% to 15.84%, and the rate you get depends on your profile. The example on file shows 7.38% to 15.84% against a fixed nominal rate, with equal monthly instalments across the term. Early repayment is free, so paying the loan off sooner costs nothing extra.

Is there an arrangement fee on a Compass loan?+

Online loans carry 0 EUR for online loans from 1,000 to 5,000 EUR. Larger amounts may be handled as a branch arrangement, where the fee is quoted separately on the offer. The credit card is a different product and its €0 is separate again.

How much can I borrow and for how long?+

Amounts run from €1,000 to €30,000 with a term of 24 to 96. Both personal and debt consolidation and home improvement are offered, so a loan can cover home improvement work or pull several existing debts into one payment. Repaying early carries no charge.

How fast is the money?+

Outcomes are reported by the next working day, and same day funding is listed for the online application. Existing app customers up to a smaller cap can be approved in seconds. The credit check runs as part of the application, not before it.

How safe is my money with Compass?+

Compass is direct lender, so you deal with the bank rather than a broker, and the legal entity is Compass Banca S.p.A.. It holds a Banca d'Italia banking licence and sits in the Monte dei Paschi di Siena banking group. Its insurance arm is a broker registered with IVASS.

Who can apply for a Compass loan?+

Eligibility is Italian or foreign citizen aged 18 to 82, resident in Italy, so both Italian and foreign citizens can apply. Age also matters: the insurance side of the group is written for adults resident in Italy. Applications carry a hard.

Is there a Compass credit card worth adding?+

The card is a credit card on the Visa circuit, and €0 is charged. Among the No annual fee, Stamp duty paid by Compass and Paper and digital statement at EUR 0, stamp duty is paid by Compass, statements cost nothing in paper or digital form, and the initial credit line is modest. Spending above a threshold earns cashback on the Base card.

What support can I reach?+

For loans, phone and help centre are listed, so help runs through the phone and a help centre. For insurance claims, phone, email and online portal add an online portal and post, which suits documents that need sending in. Monthly payments are available on the home policies.

Sources

Compiled from 12 source pages, checked September 26, 2026. We did not open an account.

Compass

Compass

Fixed-rate personal and debt consolidation loans for Italian residents.

9.4/10Visit