Updated September 28, 2026 · SumCue Editorial Team
Ibancar Prestamos vs Mi Prestamo
Ibancar Prestamos
Higher score in this comparison
Mi Prestamo
Ibancar Prestamos vs Mi Prestamo: the differences
| Compare | Ibancar PrestamosReviewVisitVisit | Mi PrestamoReviewVisitVisit |
|---|---|---|
| APR | 12.74% to 13.01%Lower | 23% |
| Loan amount | €600 to €8,000Higher | €200 to €3,000 |
| Term | 12 to 60 monthsHigher | 2 to 12 months |
| Funding time | Same day, up to 24 hours | Within hours after approval, collected in a Mi Prestamo office or paid to your bank account |
| Eligibility | Applicants resident in Spain (mainland, Balearic Islands, Canary Islands) who own the car pledged as collateral; ASNEF-listed applicants accepted | DNI or NIE (Spanish ID) plus proof of income required; no guarantor and no collateral; Spanish registered address |
| Loan types | Personal, Car, SecuredCovers more | Personal |
| Arrangement fee | Not confirmed | Solvency assessment fee 30.00 EUR plus loan management fee 10.00 EUR plus financial risk fee 30.00 EUR (calculator default Mi Prestamo Mensual 100 EUR / 3 months) |
| Credit check | Not confirmed | Hard |
| Representative example | 1,000 EUR over 36 months, French amortisation, APR 13.01%, interest 199.15 EUR, total amount owed 1,199.15 EUR | Not confirmed |
| Free early repayment | Not confirmed | Yes |
| Credit needed | Poor | Not confirmed |
Same on both: Rate type (Fixed), Lender type (Direct lender).
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Key differences
- APR is lower at Ibancar Prestamos: 12.74% to 13.01% vs 23%.
- Loan amount is higher at Ibancar Prestamos: €600 to €8,000 vs €200 to €3,000.
- Term is higher at Ibancar Prestamos: 12 to 60 months vs 2 to 12 months.
- Support channels: only Mi Prestamo offers Chat.
- Loan types: only Ibancar Prestamos offers Car, Secured.
Our verdict on each
Ibancar Prestamos
Ibancar Prestamos suits borrowers in Spain who own the car they pledge as collateral and can accept a fixed rate. Money moves in Same day, up to 24 hours, and the 12.74% to 13.01% sits below the site median of 15.5%.
Mi Prestamo
Mi Prestamo is a Spanish direct lender aimed at small, short personal loans repaid quickly, with cash in hand or in your account within hours of approval. The catch is price: the APR of 23% runs high for the market, and the arrangement fee adds charges on top of the interest.
Score breakdown
| Area | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Cost | 8.8 | 8.9HigherAPR of 23% sits above the 14.43% site median, and the arrangement fee adds charges on top of interest. |
| Offer | 9.3Higher12.74% to 13.01% and €600 to €8,000 with Same day, up to 24 hours, a narrow 12 to 60 range and poor credit accepted. | 9.0 |
| Trust | 9.4 | 9.4 |
Ranges side by side
| Fact | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Loan amount | €600 to €8,000 | €200 to €3,000 |
| Term | 12 to 60 months | 2 to 12 months |
If neither fits
Sofkredit has term at 6 to 240 months, against 12 to 60 months for Ibancar Prestamos and 2 to 12 months for Mi Prestamo.
Sofkredit reviewHow they place
| Ranking | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Loans | 19 of 2043 | 10 of 2043 |
| Personal loans | 15 of 1317 | 7 of 1317 |
Every fact side by side
| Fact | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding | Same day funding |
| Legal entity | Ibancar World SL | Easy Asset Management Iberia S.L. |
| Headquarters | Spain | Spain |
| Support channels | Phone, Email, Help centre | Phone, Chat, Email, Help centreCovers more |
Where each stands against the rest
| Fact | Ibancar Prestamos | Mi Prestamo | Median |
|---|---|---|---|
| APR | 12.74% to 13.01%above the median | 23%highest quarter | 9.99 |
| Loan amount | €600 to €8,000below the median | €200 to €3,000lowest quarter | €40,000 |
| Term | 12 to 60 monthsat the median | 2 to 12 monthslowest quarter | 60 |
Median across 1096 listed providers.
Pros and cons
Ibancar Prestamos
Pros
- Funding lands in Same day, up to 24 hours, and same-day money is uncommon, since only 30.8% of the site offers it
- The 12.74% to 13.01% sits below the site median of 15.5% and the personal loan ranking median of 14.43%
- Borrowing is a direct arrangement with direct lender, so you deal with the entity named in the representative example rather than a middleman
Cons
- Borrowing is secured on your car, so the vehicle is at stake if you miss payments
- The largest loan is €600 to €8,000, well short of the from €12,000 floor at Creduma ES
- Terms run 12 to 60, narrower than the personal loan ranking span of 1 to 480
Mi Prestamo
Pros
- Cash is available within hours of approval, paid into your bank account or collected at a Mi Prestamo office.
- Early repayment is free, so finishing ahead of schedule costs nothing extra.
- Eligibility needs no guarantor and no collateral, so nobody else signs and nothing is pledged.
Cons
- The APR of 23% sits above the 14.43% median for personal loans.
- The arrangement fee stacks a solvency assessment charge, a loan management charge and a financial risk charge on top of the interest.
- Terms run 2 to 12, a much shorter window than the 36 personal loan median.
Who each suits
Ibancar Prestamos
Who it suits
- Drivers in mainland Spain, the Balearic Islands and the Canary Islands who own the car they pledge
- Borrowers listed on ASNEF who need money against a vehicle rather than on income alone
- People who want a fixed monthly cost they can see before signing
Who should look elsewhere
- Anyone who does not own the vehicle they would pledge as collateral
- Borrowers wanting unsecured money, since the largest amount here is €600 to €8,000
- Lenders shopping for a rate floor, as 12.74% to 13.01% starts well above the site median of 15.5%
Mi Prestamo
Who it suits
- Borrowers in Spain with a Spanish ID, proof of income and a registered Spanish address who need a small sum quickly.
- Anyone able to clear the balance early, since early repayment carries no extra charge.
- Readers comfortable with a hard credit check and a short fixed repayment schedule.
Who should look elsewhere
- Readers who want a cheaper rate, since Sofkredit charges 10.74% to 18.06%.
- Borrowers after a bigger sum, because Creduma ES starts at from €12,000 and Mi Prestamo caps at €200 to €3,000.
- Shoppers in the peso market, since Cashspace quotes PHP 12 to PHP 36 in a different currency and is not a like-for-like swap.
Country by country
| Country | Ibancar Prestamos | Mi Prestamo |
|---|---|---|
| Spain | Yes | Yes |
Questions about each
Ibancar Prestamos
What rate will I pay on a secured car loan?+
The 12.74% to 13.01% covers the product, and the pricing is a fixed rate, so the number you agree does not shift with the market. The site median APR of 15.5% shows this loan sits at the cheaper end of the wider field. Always check the figure on your own offer before signing.
How much can I borrow?+
The range is €600 to €8,000, so the smallest and largest advances are fixed. That ceiling is modest, and it is far below the from €12,000 minimum at Creduma ES. The car you pledge is what sets both the amount and the rate you are offered.
Mi Prestamo
What does a Mi Prestamo loan cost me?+
The headline rate is an APR of 23%, and the arrangement fee sits on top of that interest. The calculator splits the fee into a solvency assessment fee, a loan management fee and a financial risk fee, so a small loan carries a meaningful share of charges. Early repayment is free, which softens the deal for anyone who finishes ahead of schedule.
How much can I borrow, and over what period?+
The loan runs from €200 to €3,000, with a term of 2 to 12. Because the rate is fixed, the monthly figure holds steady for the whole period and does not change if market rates move. The modest ceiling and short window shape this as a loan for a specific expense rather than a long running commitment.