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Credismart review

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

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Our verdict

Credismart suits Guatemalan adults who need a small personal loan fast and can pass a hard credit check, with answers in minutes and money the same day. The cost is the catch: APR runs 67.2% to 106% on a variable rate, with a fee taken on the approved amount. Read the repayment example first.

Key facts

Best for
Small personal or payday loans in Guatemala that need paying out the same day.
APR
67.2% to 106%↗
Loan amount
GTQ 1,000 to GTQ 25,000↗
Term
6 to 36 months↗
Arrangement fee
10% of approved amount as administrative disbursexpense commission (terms page states a 5.95% one-off disbursement charge)↗
Credit check
Hard↗
Funding time
Answer in minutes, money the same day↗
Representative example
Loan of Q1,200 over 12 months: monthly payment Q144.39, total payment Q2,126↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
18 or older, physically in Guatemala, valid physical DPI, recent utility bill, bank statements in own name, active bank account↗
Origination fee (%)
10%↗
Loan types
Personal, Payday↗
Credit needed
Good↗
Legal entity
Servicios e Inversiones Populares, S.A. (BOWPI)↗
Headquarters
Guatemala↗
Support channels
Email, Chat, Phone, Help-centre↗
Features
Same-day funding
Official website
credismart.com.gt

Facts checked September 26, 2026, 3 sources

Apps and profiles

Get the app
Google Play
Elsewhere
facebook.cominstagram.com

Pros and cons

Pros

  • Speed is the strongest point, with Answer in minutes, money the same day.
  • Free early repayment, so clearing the balance sooner adds nothing.
  • Support runs on email, chat and phone.
  • Lending of GTQ 1,000 to GTQ 25,000 across both personal and payday loans for applicants with good credit.

Cons

  • APR of 67.2% to 106% on a variable rate sits well above the 14.43% median across personal loans.
  • 10% of the approved amount is taken as an administrative disbursement expense, on top of the interest.
  • The credit check is hard (hard) and the lender asks for good credit, which narrows who gets approved.
Credismart

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Scored 9.1 / 10 by SumCue.

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Who it suits

  • Adults physically in Guatemala with a valid physical DPI, a recent utility bill, bank statements in their own name and an active bank account.
  • Borrowers who need GTQ 1,000 to GTQ 25,000 for a bill and can repay within 6 to 36.
  • Anyone who values speed over a low rate, since Answer in minutes, money the same day.

Who should look elsewhere

  • Not for anyone shopping a cheaper rate, because Sofkredit quotes 10.74% to 18.06%.
  • Not for borrowers who want to shop a different market, where Cashspace lists PHP 12 to PHP 36.
  • Not for larger tickets, since Creduma ES lends from €12,000.

Deposit protection

Deposit protection has little to cover here. Credismart is a direct lender (direct lender), so the money is credit rather than a stored balance, and the example the brand publishes shows the loan repaid in monthly instalments with a total repayable well above the amount borrowed. Read that example, not the headline rate, before you apply.

How Credismart compares

Where Credismart is available

Available
Guatemala

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

Frequently asked questions

What APR do I pay on a Credismart loan?+

Published APR runs 67.2% to 106% and the rate type is variable, so the figure is not held flat for the whole term. Lending runs to GTQ 1,000 to GTQ 25,000 over 6 to 36. Judge offers on the total repayable, not the headline rate.

Are there fees on top of the interest?+

Credismart takes 10% of the approved amount as an administrative disbursement expense, so the sum reaching your account is lower than the amount approved. The terms page also describes a separate disbursement charge, so ask for the full cost in writing.

How quickly do I get the money?+

The stated timing is Answer in minutes, money the same day. That suits an urgent bill or an emergency repair, though the speed leaves little room to compare other lenders before you accept. Have your documents ready, since the paper trail matters here.

What credit do I need?+

The credit check is hard (hard) and the lender asks for good credit (good). A hard check is recorded against your file, so it pays to review your own record before applying rather than after a refusal.

How much can I borrow and for how long?+

Lending of GTQ 1,000 to GTQ 25,000 is available over a term of 6 to 36. Applicants need to be adults, physically in Guatemala, with a valid physical DPI, a recent utility bill, bank statements in their own name and an active bank account.

Can I repay the loan early?+

Free early repayment is offered, so settling the balance before the end of the 6 to 36 term carries no extra charge. On a variable rate, cutting the outstanding balance early is the clearest route to paying less overall.

How do I get help from Credismart?+

Support runs on email, chat and phone, so email, chat, phone and a help centre are all available. As a direct lender (direct lender) you deal with the company that issues the loan, which keeps questions about rates and fees in one place.

Sources

  • play.google.com/store/apps/details checked September 26, 2026

    Backs: APR, Free early repayment, Funding time, Arrangement fee, Origination fee (%), Rate type, Representative example

    “APR (Maximum annual interest rate, which includes interest rate and all annual costs): from 67.2% to 106% including administrative expenses.”

  • credismart.com.gt checked September 26, 2026

    Backs: Loan amount, Credit needed, Features, Headquarters, Support channels, Term

    “3a Avenida, 13-78, 5to. Nivel, Plaza Intercontinental, Ciudad de Guatemala, Guatemala”

  • credismart.com.gt/terminosycondiciones.html checked September 26, 2026

    Backs: Credit check, Eligibility, Legal entity, Lender type, Loan types

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Credismart

Credismart

Small personal or payday loans in Guatemala that need paying out the same day.

9.1/10See alternatives