Updated September 28, 2026 · SumCue Editorial Team
ICICI Bank vs Sofkredit
ICICI Bank
Higher score in this comparison
Sofkredit
ICICI Bank vs Sofkredit: the differences
| Compare | ICICI BankReviewVisitVisit | SofkreditReviewVisitVisit |
|---|---|---|
| APR | 9.99% to 16.5%Lower | 10.74% to 18.06% |
| Loan amount | ₹50,000 to ₹5,000,000 | €12,000 to €300,000 |
| Term | 12 to 72 months | 6 to 240 monthsHigher |
| Arrangement fee | Up to 2% of loan amount plus taxes (Personal Loan processing charge) | 6% to 9% of the loan; on a 15,000 EUR mortgage-guaranteed loan the commission is 900 EUR minimum and 1,350 EUR maximum, charged by the collaborating lender; Sofkredit's own service costs the user nothing |
| Credit check | Hard | Soft prequal |
| Funding time | Instant disbursement | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| Lender type | Direct lender | Broker |
| Eligibility | Indian citizens aged 18-58 years; salaried minimum monthly income 30,000 rupees | Natural or legal persons of legal age (+18) with Spanish nationality or residence, holder of a bank account; for mortgage-guaranteed loans a property must be owned, free of charges or with at least 70% of the mortgage repaid |
| Origination fee (%) | 2%Lower | 6% to 9% |
| Loan types | Personal, Debt consolidation | Secured, Debt consolidation, Business |
| Credit needed | Good | Poor |
| Representative example | Not confirmed | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR |
| Rate type | Variable | Not confirmed |
| Free early repayment | No | Not confirmed |
Same on both: Use cases (Home improvement).
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Key differences
- ICICI Bank scores higher overall: 8.9 vs 8.7.
- Sofkredit is licensed in 1 more country.
- Sofkredit is available in 2 more countries.
- APR is lower at ICICI Bank: 9.99% to 16.5% vs 10.74% to 18.06%.
- Origination fee (%) is lower at ICICI Bank: 2% vs 6% to 9%.
- Term is higher at Sofkredit: 6 to 240 months vs 12 to 72 months.
- Support channels: only ICICI Bank offers Chat.
- Support channels: only Sofkredit offers Email.
- Features: only ICICI Bank offers Rewards.
- Features: only Sofkredit offers Same day funding.
Our verdict on each
ICICI Bank
ICICI Bank is a full-service Indian bank covering saving, spending and borrowing, so it suits customers who want one provider. The savings account pays 2.5% on a variable rate, with easy access to cash, bill payments and transfers by UPI, IMPS, NEFT and RTGS, and personal loans disburse instantly.
Sofkredit
Sofkredit suits Spanish adults who want a substantial secured, consolidation, business or mortgage-guaranteed loan placed with a specialist lender. The published APR is 10.74% to 18.06% and a collaborating lender adds a commission, so the total repayable matters more than the headline rate.
Score breakdown
| Area | ICICI Bank | Sofkredit |
|---|---|---|
| Cost | 8.6Card costs weigh heavy: an annual fee of INR 3,500 on the Sapphiro card, and personal loan rates of 9.99% to 16.5%. | 8.6 |
| Offer | 9.4 | 9.4Amounts of €12,000 to €300,000 at an APR of 10.74% to 18.06%, with secured, consolidation, business and mortgage-guaranteed lending and same-day funding. |
| Trust | 9.0Higher | 8.5 |
Availability and regulation
| Country | ICICI Bank | Sofkredit |
|---|---|---|
| India | Not confirmed | |
| Italy | Not confirmed | |
| Spain | Not confirmed | Banco de Espana E020 |
Additional countries for ICICI Bank: 1. Additional countries for Sofkredit: 3.
Where these facts come from
ICICI Bank
- icici.bank.in: 20 facts, checked September 26, 2026
Sofkredit
- sofkredit.com: 17 facts, checked September 26, 2026
How they place
| Ranking | ICICI Bank | Sofkredit |
|---|---|---|
| Loans | 124 of 2043 | 4 of 2043 |
| Mortgages | 13 of 853 | 1 of 853 |
Every fact side by side
| Fact | ICICI Bank | Sofkredit |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Features | Rewards | Same day funding |
| Legal entity | ICICI Bank Ltd. | Kova Finance, S.L. |
| Headquarters | India | Spain |
| Founded | 1994 | Not confirmed |
| Support channels | Phone, Help centre, Chat | Email, Phone, Help centre |
Savings
| Fact | ICICI Bank | Sofkredit |
|---|---|---|
| Headline rate | 2.5% | Not confirmed |
| Minimum deposit | ₹2,500 to ₹15,000 | Not confirmed |
| Access terms | Easy access to funds: cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS | Not confirmed |
| Account kind | Easy access | Not confirmed |
Mortgages
| Fact | ICICI Bank | Sofkredit |
|---|---|---|
| Initial rate | 7.55%Lower | 8% to 14% |
| APRC | Not confirmed | 10.74% to 18.06% |
| Fixed period | Not confirmed | 0.5 to 20 years |
| Maximum loan to value | 80% to 90%Higher | 30% |
| Product fee | Not confirmed | €900 to €1,350 |
| Purpose | Purchase, Remortgage | Home equity, Remortgage |
Where each stands against the rest
| Fact | ICICI Bank | Sofkredit | Median |
|---|---|---|---|
| APR | 9.99% to 16.5%at the median | 10.74% to 18.06%above the median | 9.99 |
| Term | 12 to 72 monthsabove the median | 6 to 240 monthshighest quarter | 60 |
| Origination fee (%) | 2%above the median | 6% to 9%highest quarter | 0% |
Median across 1096 listed providers.
Pros and cons
ICICI Bank
Pros
- Personal loans disburse with Instant disbursement, on amounts of INR 50,000 to INR 5,000,000 over terms of 12 to 72.
- The savings account is easy access, taking a minimum deposit of INR 2,500 to INR 15,000.
- The card pays points on spending, with lounge visits, golf rounds, concierge help and welcome vouchers added.
Cons
- Foreign spend on the card carries a currency conversion fee of 3.5%.
- Personal loan applications run a hard credit check, and good credit is the bar.
- Free early repayment is not offered, so settling a personal loan early carries a charge.
Sofkredit
Pros
- Loan amounts of €12,000 to €300,000 suit secured borrowing, debt consolidation and business finance.
- Sofkredit adds no charge of its own, while the 6% to 9% arrangement fee on mortgage-guaranteed loans is set by the collaborating lender.
- A soft prequalification check under soft prequal is gentler on a credit file than a full search.
Cons
- The collaborating lender charges an arrangement fee of 6% to 9% of the loan on top of the interest rate.
- The top of the 10.74% to 18.06% range compares with a site median of 15.5%, so the dearest outcome sits well above the middle of the market.
- Sofkredit works as a broker under broker, so the lender and the final terms sit elsewhere.
Who each suits
ICICI Bank
Who it suits
- Salaried Indian citizens of adult age who want savings, a card and loans from one bank.
- Savers comfortable with a variable savings rate and borrowers happy with a fixed rate loan.
- Cardholders who want a credit card with lounge, golf and concierge perks on top of points.
Who should look elsewhere
- wise, if a card with no annual fee matters most, since its annual fee is £0.
- bunq, if you would rather hold a euro account with an annual fee of €0 on the card.
- Varo Believe Secured Credit Card, if a secured card with an annual fee of $0 is the better fit.
Sofkredit
Who it suits
- Adults in Spain who hold Spanish nationality or residence and a bank account, and need a secured loan.
- Borrowers consolidating debt who want to start with a soft prequalification through soft prequal.
- Homeowners planning home equity or a remortgage under home equity and remortgage.
Who should look elsewhere
- Applicants outside Spain, since eligibility rests on Spanish nationality or residence and a bank account, while Cashspace at PHP 12 to PHP 36 serves another market.
- Borrowers who want the lowest headline cost, who should weigh Solcredito MX at 9.5% to 3,696% and Cashspace at PHP 12 to PHP 36 before settling.
- Anyone expecting a direct lender or a small sum, since Sofkredit works as a broker under broker and publishes amounts of €12,000 to €300,000.
Current offers
ICICI Bank
Current offer
Bonus
Sapphiro Credit Card welcome vouchers: Vouchers worth over INR 13,000
Upon payment of the joining fee of INR 6,500 + GST; vouchers worth INR 3,000 from Tata CLiQ, INR 4,000 from EaseMyTrip, INR 5,000 from Da Milano, INR 1,500 from Croma and an EazyDiner Prime Membership worth INR 1,095; issued within 45 business days
Source, checked September 26, 2026
Discount code
BookMyShow buy one get one movie offer on Sapphiro Credit Card: Up to INR 500 off the second ticket
From Apr 1, 2026 requires spending INR 25,000 or more on the Sapphiro Credit Card in the preceding spends quarter; one movie offer per month per card variant for dual-network cards
Source, checked September 26, 2026
Bonus
Sapphiro Credit Card milestone reward points: 4,000 reward points on INR 4 lakh annual spend, plus 2,000 points per additional INR 1 lakh, up to 20,000 points
Awarded in an anniversary year on qualifying annual spend
Source, checked September 26, 2026
Country by country
| Country | ICICI Bank | Sofkredit |
|---|---|---|
| France | No | Yes |
| India | Yes | No |
| Italy | No | Yes |
| Spain | No | Yes |
Questions about each
ICICI Bank
What does the card cost to hold each year?+
The annual fee on the card is INR 3,500, which sits above cards that charge nothing. Foreign currency transactions add a conversion fee of 3.5% on top. It is a credit card, so balances are meant to be cleared in full rather than carried.
What rewards does the card pay?+
Rewards come as points, earning more on international spend than on domestic, utility and insurance purchases. The credit card also carries welcome vouchers with travel, dining and retail partners, lounge visits, golf rounds, a round the clock concierge service, air accident cover and a fuel surcharge waiver.
Sofkredit
What fees do I pay through Sofkredit?+
Sofkredit adds no charge of its own. The arrangement fee of 6% to 9% of the loan is charged by the collaborating lender on mortgage-guaranteed loans, and the first example given is a €900 to €1,350 commission. Anyone budgeting here should add that commission to the interest, since it sits on top of the rate rather than inside it.
What rate and total cost should I expect?+
The published APR is 10.74% to 18.06%, and the representative example puts a real figure on repayment: a loan repaid over several years costs more in total than the amount drawn down. The rate offered sits inside that range, while the total repayable depends on the term and on the collaborating lender's fee.
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