Updated September 28, 2026 · SumCue Editorial Team
LowestRates.ca vs Prestalo
Prestalo
Higher score in this comparison
LowestRates.ca
What sets them apart
| Compare | LowestRates.caReviewSee alternativesSee alternatives | PrestaloReviewVisitVisit |
|---|---|---|
| APR | 10% | 4.1% to 30%Lower |
| Loan amount | CA$500 to CA$45,000 | €500 to €100,000 |
| Arrangement fee | 0 | 0 EUR |
| Credit check | Soft prequal | Hard |
| Funding time | within 24 hours | Money transferred to your bank account, normally within 24 to 48 hours |
| Lender type | Marketplace | Broker |
| Eligibility | 18 or older, Canadian residency, Canadian bank account, minimum 12 months credit history, minimum income $1,250 per month, employed at least three months | 18 or over, resident in Spain, valid DNI or NIE, stable sufficient income |
| Loan types | Personal, Debt consolidation, Business, Car, Bridging, Student | Personal, Payday, Car, Debt consolidation, Secured |
| Term | Not confirmed | 1 to 120 months |
| Representative example | Not confirmed | EUR 5,000 loan repaid over 60 months, fixed annual interest 6.11%, TAE 6.28%, monthly payment 96.62 EUR, no opening or early-repayment fee, total repayable 5,815.20 EUR |
| Rate type | Not confirmed | Fixed |
| Credit needed | Not confirmed | Good |
Same on both: Free early repayment (Yes), Use cases (Home improvement).
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Key differences
- Prestalo scores higher overall: 8.9 vs 8.8.
- Founded is lower at LowestRates.ca: 2012 vs 2018.
- APR is lower at Prestalo: 4.1% to 30% vs 10%.
- Support channels: only Prestalo offers Email, Chat, Phone.
- Pricing model: only LowestRates.ca offers Monthly.
- Pricing model: only Prestalo offers Fixed rate.
- Loan types: only LowestRates.ca offers Business, Bridging, Student.
- Loan types: only Prestalo offers Payday, Secured.
Our verdict on each
LowestRates.ca
LowestRates.ca suits Canadian households who want to price cover, borrowing and a mortgage in one pass, because it is a comparison site and a marketplace rather than a provider of its own. Entry premiums start at CAD 0, personal loans run CAD 500 to CAD 45,000, and early repayment is free.
Prestalo
Prestalo suits Spanish residents who want a fee-free personal loan fixed at fixed rates, with money in the bank account normally within a day or two. It suits a single market only, since eligibility is limited to Spain and a hard credit check applies.
Score breakdown
| Area | LowestRates.ca | Prestalo |
|---|---|---|
| Cost | 9.5HigherCosts sit low across products: the loan origination fee is 0 and the mortgage product fee is CAD 0, against an APR of 10%. | 9.3 |
| Offer | 8.6 | 9.1HigherFees are 0 EUR on personal loans and €0 on the mortgage, with early repayment free. |
| Trust | 8.3 | 8.4Higher |
Where each is licensed and available
| Country | LowestRates.ca | Prestalo |
|---|---|---|
| Spain | Not confirmed | Registro Estatal de Intermediarios Financieros 878/2018, seccion segunda |
Additional countries for LowestRates.ca: 1. Additional countries for Prestalo: 1.
Cost in a real example
Borrow a typical amount over a typical term (estimate at the stated APR)
LowestRates.ca
1,616.19
1,616.19
Prestalo
644.66 to 5,282.57
644.66 to 5,282.57
Prestalo comes out 971.53 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Where they rank in our lists
| Ranking | LowestRates.ca | Prestalo |
|---|---|---|
| Loans | 907 of 2043 | 66 of 2043 |
| Personal loans | 806 of 1317 | 55 of 1317 |
| Mortgages | 394 of 853 | 5 of 853 |
A third option
Prestamiau ES has apr at 0% to 36%, against 10% for LowestRates.ca and 4.1% to 30% for Prestalo.
Prestamiau ES reviewWhere these facts come from
LowestRates.ca
- lowestrates.ca: 15 facts, checked September 26, 2026
Prestalo
- prestalo.com: 20 facts, checked September 26, 2026
Every fact side by side
| Fact | LowestRates.ca | Prestalo |
|---|---|---|
| Pricing model | Monthly | Fixed rate |
| Features | Not confirmed | Same day funding |
| Legal entity | Rates.ca Group Ltd. | PRESTALO ONLINE, S.L. |
| Headquarters | Canada | Spain |
| Founded | 2012Lower | 2018 |
| Support channels | Help centre | Email, Chat, Phone, Help centreCovers more |
Mortgages
| Fact | LowestRates.ca | Prestalo |
|---|---|---|
| Initial rate | 3.89% | 2.36%Lower |
| APRC | Not confirmed | 2.97% |
| Fixed period | 5 years | 25 yearsHigher |
| Maximum loan to value | 80% | 80% |
| Product fee | CA$0 | €0 |
| Purpose | Purchase, Remortgage, First time buyer, Home equityCovers more | Purchase, Remortgage |
Where each stands against the rest
| Fact | LowestRates.ca | Prestalo | Median |
|---|---|---|---|
| APR | 10%above the median | 4.1% to 30%lowest quarter | 9.99% |
| Term | Not confirmed | 1 to 120 monthshighest quarter | 60 |
Median across 1096 listed providers.
Pros and cons
LowestRates.ca
Pros
- Premiums start at CAD 0, the floor of the insurance table and the easiest figure to sort on.
- Personal loans run CAD 500 to CAD 45,000 and the credit check is soft prequal, so a reader can see the price without a full search.
- Free early repayment is available, so a loan can be cleared ahead of schedule without a charge.
Cons
- Support runs on help centre only, so a question about a live application has fewer routes than a staffed desk.
- Loan amounts run CAD 500 to CAD 45,000, so a renovation or consolidation bill near the top of that range needs a different product.
- The fixed period of 5 is short against a wider market where the longest fixes reach 40.
Prestalo
Pros
- No arrangement fee on personal loans: 0 EUR.
- Early repayment is free, so clearing the balance early costs nothing extra.
- Personal loans run €500 to €100,000 and 1 to 120, so borrowers can size the loan and the term to suit them.
Cons
- The rate is fixed rather than variable, so fixed pricing cannot fall the way a variable rate can.
- A hard credit check applies, hard, so an application creates a full credit file search.
- Prestalo works as a broker, broker, so the lender named in the offer is the party you repay and Prestalo sits in between.
Who each suits
LowestRates.ca
Who it suits
- Canadian households comparing auto, home and life cover who want a starting price before they apply.
- Borrowers who would rather see a rate than have a file searched, since the loan search runs as soft prequal.
- Homebuyers with a purchase or a remortgage in view, since mortgage quotes cover purchase, remortgage and first time buyer.
Who should look elsewhere
- Readers who want a single provider behind the cover rather than a table, where Linxea sets its own starting premium of €25.
- Anyone starting from a bank app rather than a comparison, such as bunq or bunq Spain, which also show a starting premium of €0.
- Applicants without Canadian residency, a Canadian bank account and a credit history of a minimum length.
Prestalo
Who it suits
- Spanish residents with a steady income, since eligibility is open to adults living in Spain with valid DNI or NIE paperwork and stable sufficient income.
- Borrowers who plan to clear the balance early, since free early repayment means overpaying costs no extra charge.
- People who want no arrangement fee, because the origination fee is 0 EUR on personal loans.
Who should look elsewhere
- Anyone outside Spain, since eligibility is tied to residence in Spain and a valid DNI or NIE. Creduma ES also serves euro borrowers, so compare that market.
- People building a credit file from scratch, because the credit check is hard, hard, and a good credit record is expected, good.
- Anyone wanting a variable rate, since the rate type is fixed, fixed. Sofkredit quotes 10.74% to 18.06%, so check that market if falling rates matter more than certainty.
Country by country
| Country | LowestRates.ca | Prestalo |
|---|---|---|
| Canada | Yes | No |
| Spain | No | Yes |
Questions about each
LowestRates.ca
What is the starting premium at LowestRates.ca?+
Entry premiums start at CAD 0, which is the figure shown at the top of the insurance table. Because LowestRates.ca is a comparison site, that is a starting point for cover rather than a quote for an individual risk. The price a reader pays is set by the insurer that returns the quote.
Can I pay for insurance monthly?+
Monthly payments are available on the insurance side, with monthly as the listed payment model. That spreads a policy into regular amounts across the year rather than a single larger payment. Readers who budget tightly can plan around a fixed sum instead of a yearly bill that lands at once.
Prestalo
What does a Prestalo personal loan cost?+
The annual percentage rate runs 4.1% to 30% and the rate is fixed, so payments stay level. The origination fee is 0 EUR, and early repayment is free, so clearing the balance early adds nothing. Interest is the cost of the loan.
How long does a Prestalo loan take to arrive?+
Money is transferred to your bank account, normally within a day or two, and same-day funding is listed as a feature, same day funding. Because Prestalo is a broker, the pace depends on the lender it places the application with. Plan on a short wait rather than an instant transfer.
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Prestalo
LowestRates.ca