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Mi Prestamo review

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

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

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.

Key facts

Best for
Small, short personal loans in Spain, repaid early, with money available within hours of approval.
APR
23%↗
Loan amount
€200 to €3,000↗
Term
2 to 12 months↗
Arrangement fee
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
Hard↗
Funding time
Within hours after approval, collected in a Mi Prestamo office or paid to your bank account↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
DNI or NIE (Spanish ID) plus proof of income required; no guarantor and no collateral; Spanish registered address↗
Loan types
Personal↗
Legal entity
Easy Asset Management Iberia S.L.↗
Headquarters
Spain↗
Support channels
Phone, Chat, Email, Help-centre↗
Pricing model
Fixed rate
Features
Same-day funding
Official website
mi-prestamo.es

Facts checked September 26, 2026, 4 sources

Apps and profiles

Elsewhere
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Pros and cons

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.
  • A fixed rate keeps the monthly payment steady across the term.
  • Support runs on phone, chat and email, giving several routes to the team after you apply.

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.
  • Eligibility asks for a Spanish registered address, which rules out applicants living outside Spain.
Mi Prestamo

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Scored 9.1 / 10 by SumCue.

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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.

Application and funding speed

Mi Prestamo lends €200 to €3,000 and repays it over 2 to 12. Once a loan is approved, the money is available within hours, either paid straight into your bank account or collected in person at a Mi Prestamo office. That speed is the feature that separates this lender from a bank personal loan that waits for a pay-in date. A bank transfer suits anyone who wants the balance in their account without a trip, while office collection suits applicants who would rather handle cash. The trade-off sits in the shape of the product: the ceiling on the amount is modest and the repayment window is short, so the loan is built around a specific bill or expense rather than a project that needs a long stretch of payments. Read the term before you apply, because the same speed that puts money in your account also starts the repayment clock quickly. A short schedule keeps the total interest down, but it leaves little slack if an income month goes wrong.

Rates and costs

Interest is the biggest cost here, and the headline APR is 23%. The arrangement fee adds to that, and the calculator breaks it into a solvency assessment fee, a loan management fee and a financial risk fee. The default example on the calculator is the Mi Prestamo Mensual product, a small loan over a short period, which is exactly where those fixed charges bite hardest: a fee spread across a handful of instalments becomes a large share of everything you hand back. The rate is fixed, so the monthly figure does not drift when market rates move. Early repayment is free, so clearing the balance ahead of schedule costs nothing extra, and that is the part of the deal that rewards a borrower who finishes early, partly offsetting the arrangement charges. Weigh the rate and the arrangement fee together, then run your own amount and period through the calculator before comparing this lender with a longer term bank loan.

Where it sits among rivals

On loan amount, Mi Prestamo ranks 481 of 665 brands tracked, and on APR it ranks 248 of 338. Those two numbers together tell a cost-minded reader more than either alone. A place in the middle of a long list is a solid result rather than a standout, and the same is true of the ranking here. Mid-pack on amount means the product is typical for the market instead of unusually generous or unusually small. Mid-pack on APR is the more serious point, because price is the first thing most people compare in personal loans, and a lender that ranks around the middle on a long list is not going to win on price. The spread across the market is wide, with very cheap loans at one end and very expensive ones at the other, so a middle ranking can look better or worse depending on the alternative you would otherwise have chosen.

Who runs it

Mi Prestamo is run by Easy Asset Management Iberia S.L., which sits in Spain, and it lends as a direct lender rather than broketing offers from other providers. Because the lender is the counterparty on the loan, the contract, the fees and the repayments all belong to the same company, which keeps the arrangement straightforward to follow. Support runs on phone, chat and email, so there is more than one route to the team once you have applied, and a direct lender is judged on its own price and service rather than on the range of offers it can display. Check the entity name against your agreement before you sign, since that is the party you are contracting with and the one that carries the fee lines.

How Mi Prestamo compares

Where Mi Prestamo is available

Available
Spain

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

Frequently asked questions

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.

How quickly is the money available?+

After approval the funds are available within hours. You can have the amount paid to your bank account or collect it in person at a Mi Prestamo office, so a transfer suits anyone who wants the balance in their account and a branch suits applicants who would rather take cash. The clock starts once the loan is approved, not before.

What do I need to apply?+

Eligibility asks for a Spanish ID, either a DNI or an NIE, plus proof of income and a Spanish registered address. No guarantor and no collateral are needed, so there is nobody else to sign and no property to pledge. The credit check is hard, so the search is visible to other lenders.

Is the rate fixed or variable?+

The rate type is fixed, on a fixed rate model, so the monthly repayment is set at the start and does not drift with the market. Lending here is personal, which keeps the range narrow. Fixed pricing makes a short term easier to budget because the amount leaving the account each month is known from the start.

What credit check do they run?+

The credit check is hard, which means a formal search that other lenders can see, rather than a soft pre-qualification that leaves only a light trace. If you are unsure how your file stands, check it before applying, because a hard search on an application that does not go through still counts.

Who am I dealing with?+

The lender is Easy Asset Management Iberia S.L., a company based in Spain. It is a direct lender, so it lends its own money rather than passing your application to other providers and passing on their offer. That means the contract, the fee lines and the repayment schedule all belong to the same company from start to finish.

How do I get help once I have applied?+

Support runs on phone, chat and email, so there is more than one route to the team. Phone and chat suit quick questions while a loan is moving, and email plus a help centre suit anything that needs a written trail. Keep the company name and the entity name from your agreement handy when you make contact.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Representative example.

Mi Prestamo

Mi Prestamo

Small, short personal loans in Spain, repaid early, with money available within hours of approval.

9.1/10Visit