Updated October 17, 2026 · SumCue Editorial Team
myKredit vs Sofkredit
myKredit
Sofkredit
Higher score in this comparison
myKredit vs Sofkredit: the differences
| Compare | myKreditReviewVisitVisit | SofkreditReviewVisitVisit |
|---|---|---|
| Loan amount | €600 | €12,000 to €300,000Higher |
| Term | 30 months | 6 to 240 monthsHigher |
| Credit check | None | Soft prequal |
| Funding time | funds transferred within 10 minutes of approval | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| Eligibility | Adults with a valid DNI or NIE | 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 |
| Loan types | Payday | Secured, Debt consolidation, Business |
| APR | Not confirmed | 10.74% to 18.06% |
| Arrangement fee | Not confirmed | 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 |
| Representative example | Not confirmed | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR |
| Lender type | Not confirmed | Broker |
| Origination fee (%) | Not confirmed | 6% to 9% |
| Credit needed | Not confirmed | Poor |
| Use cases | Not confirmed | Home improvement |
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Key differences
- Sofkredit scores higher overall: 8.7 vs 8.1.
- Sofkredit is available in 2 more countries.
- Loan amount is higher at Sofkredit: €12,000 to €300,000 vs €600.
- Term is higher at Sofkredit: 6 to 240 months vs 30 months.
- Support channels: only myKredit offers Chat.
- Support channels: only Sofkredit offers Email, Phone, Help centre.
- Loan types: only myKredit offers Payday.
- Loan types: only Sofkredit offers Secured, Debt consolidation, Business.
Our verdict on each
myKredit
A captured Spanish privacy-policy module identifies Trive Credit Spain, S.L. as the owner of the mykredit.es website and says the company operates under the trade name MyKredit.
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 | myKredit | Sofkredit |
|---|---|---|
| Cost | Not confirmed | 8.6 |
| Offer | 8.1 | 9.4HigherAmounts 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 | Not confirmed | 8.5 |
Where each is licensed and available
| Country | myKredit | Sofkredit |
|---|---|---|
| Italy | Not confirmed | |
| Spain | Not confirmed | Banco de Espana E020 |
Available in 1 country for both. Additional countries for Sofkredit: 2.
If neither fits
Deudafix has loan amount at €5,000 to €5,000,000, against €600 for myKredit and €12,000 to €300,000 for Sofkredit.
Deudafix reviewSources behind this comparison
myKredit
- mykredit.es: 8 facts, checked October 17, 2026
Sofkredit
- sofkredit.com: 17 facts, checked September 26, 2026
How they place
| Ranking | myKredit | Sofkredit |
|---|---|---|
| Loans | 3 of 2043 | 4 of 2043 |
Every fact side by side
| Fact | myKredit | Sofkredit |
|---|---|---|
| Features | Same day funding | Same day funding |
| Legal entity | Not confirmed | Kova Finance, S.L. |
| Headquarters | Not confirmed | Spain |
| Support channels | Chat | Email, Phone, Help centre |
Mortgages
| Fact | myKredit | Sofkredit |
|---|---|---|
| Initial rate | Not confirmed | 8% to 14% |
| APRC | Not confirmed | 10.74% to 18.06% |
| Fixed period | Not confirmed | 0.5 to 20 years |
| Maximum loan to value | Not confirmed | 30% |
| Product fee | Not confirmed | €900 to €1,350 |
| Purpose | Not confirmed | Home equity, Remortgage |
Where each stands against the rest
| Fact | myKredit | Sofkredit | Median |
|---|---|---|---|
| APR | Not confirmed | 10.74% to 18.06%above the median | 9.99 |
| Loan amount | €600lowest quarter | €12,000 to €300,000highest quarter | €40,000 |
| Term | 30 monthsbelow the median | 6 to 240 monthshighest quarter | 60 months |
| Origination fee (%) | Not confirmed | 6% to 9%highest quarter | 0 |
Median across 1096 listed providers.
Pros and cons
myKredit
Pros
- The captured policy identifies a website owner and trade name.
Cons
- The statement does not establish lending terms or regulatory status.
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
myKredit
Who it suits
- Readers checking myKredit’s stated legal operator
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.
Country by country
| Country | myKredit | Sofkredit |
|---|---|---|
| France | No | Yes |
| Italy | No | Yes |
| Spain | Yes | Yes |
Questions about each
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.
How much can I borrow, and for how long?+
Loan amounts are €12,000 to €300,000 with terms of 6 to 240, which suits larger purchases and property-backed borrowing rather than a quick top-up. Longer terms spread the repayments but keep the balance outstanding for longer, so check the total repayable from the representative example before taking the longest term available.
How does the credit check work?+
The check is a soft prequalification under soft prequal, which is gentler on a credit file than a full search. Applicants with a poor credit profile are still considered under poor, so a prequalification is a low-risk way to see whether an offer is worth pursuing.
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