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Prester review

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

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Our verdict

Prester fits Paraguayan borrowers with a guarani account who want a fixed-rate personal loan for home improvement and can pass a hard credit check. Terms run 3 to 12 and early repayment carries no charge, but the price sits at the expensive end of personal loans.

Key facts

Best for
A fixed-rate home improvement loan repaid early with no charge.
APR
27.01%↗
Loan amount
PYG 500,000 to PYG 10,000,000↗
Term
3 to 12 months↗
Arrangement fee
28% of the amount as administrative cost, plus 10% IVA on it↗
Credit check
Hard↗
Funding time
1 business day into the customer's bank account↗
Representative example
Loan amount Gs 2,000,000 over 12 months, monthly payment Gs 252,000, total cost of the loan Gs 1,049,000↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Age 18 to 65, valid Paraguayan ID card, Guarani account with an active debit card, no negative credit history↗
Origination fee (%)
28%↗
Loan types
Personal↗
Credit needed
Good↗
Use cases
Home-improvement↗
Legal entity
SIFT PARAGUAY S.A.↗
Headquarters
Paraguay↗
Support channels
Email, Chat, Phone, Help-centre↗
Pricing model
Fixed rate
Official website
prester.com.py

Facts checked September 26, 2026, 2 sources

Apps and profiles

Get the app
Google Play
Elsewhere
facebook.com

Pros and cons

Pros

  • Approved money is paid into the bank account in 1 business day into the customer's bank account.
  • Repaying early carries no charge, so clearing the balance sooner costs nothing extra.
  • The rate stays fixed for the whole term, so the monthly repayment does not change.
  • Support runs on email, chat and phone, including phone and chat for questions about a payment.

Cons

  • The borrowing rate is 27.01%, well above the personal-loan median of 14.43%.
  • The arrangement adds 28% of the amount as administrative cost, plus 10% IVA on it on top of the interest.
  • Terms run 3 to 12, short against a site median of 36.
Prester

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • Paraguayan adults holding a valid ID card, a guarani account with an active debit card and clean credit history.
  • Borrowers funding home improvement, the stated use for the loan.
  • People who want a fixed rate and plan to clear the balance early.

Who should look elsewhere

  • Borrowers wanting a longer repayment, since terms run 3 to 12 while Cashspace lists PHP 12 to PHP 36.
  • Borrowers after a larger sum, since Creduma ES starts at from €12,000.
  • Anyone comparing on the headline rate alone, where Sofkredit lists 10.74% to 18.06%.

Safety of your money

Prester is a direct lender, so the credit decision and the loan sit with the same company rather than a broker forwarding the application. Its representative example shows a monthly repayment alongside the total cost of the loan, which makes the full price easy to check before applying. The lender operates under the supervision of the Banco Central del Paraguay.

Who runs it

Prester is run by SIFT PARAGUAY S.A., a company based in Paraguay. Support runs on email, chat and phone, giving borrowers email, chat, phone and a help centre for questions at any point. Approved money is paid into a bank account in 1 business day into the customer's bank account.

How Prester compares

Where Prester is available

Available
Paraguay
Licence in Paraguay
Banco Central del Paraguay (BCP), checked September 26, 2026

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

Frequently asked questions

What does a Prester loan cost?+

The borrowing rate is 27.01%, and an administrative cost of 28% of the amount as administrative cost, plus 10% IVA on it is charged on the amount as well. The representative example shows a monthly repayment next to the total cost of the loan, so the full price of the credit can be read before an application is made.

How much can I borrow and over what term?+

Loans run PYG 500,000 to PYG 10,000,000 and terms run 3 to 12. The rate is fixed for the whole period, so the monthly repayment does not change from the first instalment to the last. Approved money is paid into the bank account in 1 business day into the customer's bank account.

Who can apply for a Prester loan?+

Applicants need to be adults within Prester's stated age range and hold a valid Paraguayan ID card, a guarani account with an active debit card, and a credit history free of negatives. The credit check itself is hard, so the decision uses the full file.

How quickly do funds arrive?+

Approved money reaches the bank account in 1 business day into the customer's bank account. Prester lends as a direct lender rather than passing the application to another firm, so the timeline runs straight from approval to payment without a broker step in between.

Is early repayment free?+

Yes. Prester offers free early repayment, so clearing any part of the balance before the agreed date costs nothing extra. The rate is fixed across 3 to 12, so paying early shortens the schedule rather than repricing the balance that remains.

What can I use the loan for?+

The stated use for the money is home improvement, and personal loans are the only product on offer. Funds are paid into a bank account rather than straight to a merchant, so the borrower stays in control of how the sum is spent. Terms run 3 to 12.

How do I get help with my loan?+

Support runs on email, chat and phone, so a question about an application or a payment can be raised by email, chat, phone or through the help centre. The lender sits under the supervision of the Banco Central del Paraguay, the body to approach if a matter is not settled.

Sources

  • play.google.com/store/apps/details checked September 26, 2026

    Backs: Headquarters, Lender type, Pricing model, Rate type, Representative example, Support channels, Term, Licences

    “National Office: Calle 14 de Mayo 1709 c/ Francisco Dupuis, Asuncion, Paraguay.”

  • prester.com.py/assets/Landing-B-iM2_s2.js checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Credit needed, Eligibility, Free early repayment, Funding time, Legal entity, Loan types, Arrangement fee, Origination fee (%), Use cases

    “"tea":27.01, "cft":30.53”

Compiled from 2 source pages, checked September 26, 2026. We did not open an account.

Prester

Prester

A fixed-rate home improvement loan repaid early with no charge.

9.0/10See alternatives