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Smava review

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

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Our verdict

Smava is a German loan marketplace that suits borrowers who would rather see partner banks compared than deal with a single lender. Personal loans run at -0.4% to 19.9% with fixed rates, and the mortgage arm lends at a maximum loan to value of 110% for purchases and remortgaging.

Key facts

Best for
Borrowing in Germany through a marketplace that charges no origination fee of 0 EUR on personal loans.
APR
-0.4% to 19.9%↗
Loan amount
€1,000 to €120,000↗
Term
6 to 120 months↗
Arrangement fee
0 EUR↗
Credit check
Soft prequal↗
Funding time
Within a few working days; with digital account check and video ident some banks disburse the same day↗
Representative example
Ratenkredit: EUR 50,000 net loan, 60 months, 8.70% effective annual rate, 60 monthly instalments of EUR 1,022.73, total EUR 61,363.57, Vereinigte Volksbank Raiffeisenbank eG↗
Rate type
Fixed↗
Lender type
Marketplace↗
Free early repayment
No↗
Eligibility
At least 18 years old, main residence in Germany, current account at a German bank, regular income, sufficient creditworthiness↗
Loan types
Personal, Car, Debt-consolidation, Business↗
Credit needed
Fair↗
Use cases
Home-improvement↗
Legal entity
smava GmbH (HRB 97913, Amtsgericht Charlottenburg)↗
Headquarters
Germany↗
Founded
2007↗
Support channels
Email, Phone, Help-centre↗
Pricing model
Fixed rate
Features
Same-day funding
Official website
smava.de

Mortgages

Initial rate
3.2%↗
APRC
3.2%↗
Fixed period
10 years↗
Maximum loan to value
110%↗
Product fee
€0↗
Purpose
Purchase, Remortgage↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Elsewhere
WikidataLinkedInTrustpilotXekomi.de

Pros and cons

Pros

  • No origination fee of 0 EUR on the personal loans, and the product fee is listed as €0
  • Fixed rate loans of €1,000 to €120,000 run over terms of 6 to 120 for applicants with fair creditworthiness
  • The mortgage arm lends at a maximum loan to value of 110%, above the 90% typical of the loans listed here
  • Funding usually lands within a few working days, and some partner banks disburse the same day after video identification

Cons

  • Free early repayment is not offered on these loans, so settling a loan ahead of schedule can cost more than the balance left
  • Rates reach -0.4% to 19.9% at the top of the range, well above the 15.5% typical of the loans listed here
  • Only fixed rate lending appears in the fixed rate list, so borrowers wanting a variable rate are not served
Smava

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • Adults living in Germany who hold a current account at a German bank and a regular income
  • Borrowers who want to see a soft prequalification result and weigh partner banks before a full application
  • Homebuyers financing a purchase or a remortgage, since the mortgage arm covers purchase and remortgage lending with fixed rates

Who should look elsewhere

  • Applicants outside Germany, because eligibility needs a main residence here and a current account at a German bank
  • Borrowers after a variable rate loan, since only fixed rate lending appears in the fixed rate list here
  • Anyone who plans to settle a loan early, because free early repayment is not offered on the personal loans

Deposit protection

Smava is a marketplace, so an application goes to a partner bank rather than to Smava itself. Its credit brokerage permit comes from the Bezirksamt Friedrichshain-Kreuzberg von Berlin, Ordnungs- und Gewerbeamt, and the insurance intermediary permit from the IHK Industrie- und Handelskammer zu Berlin is recorded as D-RH9Y-BZXC2-29. The published representative example names Vereinigte Volksbank Raiffeisenbank eG as the lending partner.

The company behind it

The marketplace is run by smava GmbH (HRB 97913, Amtsgericht Charlottenburg), based in Germany and operating since 2007. Support runs on email, phone and help centre, so help comes by email, by phone and through a help centre. Alongside the credit brokerage permit, the company also holds the insurance intermediary permit recorded as D-RH9Y-BZXC2-29.

How Smava compares

Where Smava is available

Available
Germany
Licence in Germany
Bezirksamt Friedrichshain-Kreuzberg von Berlin, Ordnungs- und Gewerbeamt (credit brokerage permit under Section 34c (1) No. 2 GewO), checked September 26, 2026
Licence in Germany
IHK Industrie- und Handelskammer zu Berlin (insurance intermediary permit under Section 34d (1) GewO) (D-RH9Y-BZXC2-29), checked September 26, 2026

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

Frequently asked questions

How much can I borrow from Smava?+

Personal loans cover €1,000 to €120,000, and the term runs over 6 to 120. Loan types listed include personal, car and debt consolidation, so the same application covers renovation, a car or a debt consolidation. Home improvement is the stated use case.

What rates does Smava charge?+

The quoted APR runs across -0.4% to 19.9%, and personal loans are fixed rate products. For mortgages the initial rate starts at 3.2% with an APRC of 3.2%, held for 10 before it changes.

Are there any fees on a Smava loan?+

There is no origination fee, listed as 0 EUR, and the product fee is listed as €0. The published representative example sets out the instalments and the total repaid across the full term, so the effective annual rate is the figure to weigh.

How quickly does Smava pay out?+

Funding usually arrives within a few working days, and same day funding records same-day funding. Some partner banks disburse the same day once a digital account check and video identification are complete, so the pace depends on which bank answers.

How does the credit check work?+

Applications start with a soft prequal approach, and the creditworthiness needed is listed as fair. A partner bank then runs its own assessment before it lends, and its decision sets the rate and the amount on offer.

Who can apply for a Smava loan?+

Applicants need to be adults living in Germany with a current account at a German bank, regular income and enough creditworthiness. Smava therefore serves a single market, and people applying from the UK fall outside those terms.

Can I clear a Smava loan early without a charge?+

Free early repayment is not offered, so winding a loan down ahead of schedule can cost more than the outstanding balance. Plan for the full term, or ask the partner bank for a settlement figure before making any early payment.

Who regulates Smava?+

Smava holds a credit brokerage permit from the Bezirksamt Friedrichshain-Kreuzberg von Berlin, Ordnungs- und Gewerbeamt, plus an insurance intermediary permit from the IHK Industrie- und Handelskammer zu Berlin under D-RH9Y-BZXC2-29. The lending itself comes from the partner bank.

Sources

  • smava.de checked September 26, 2026

    Backs: APR, Credit check, Lender type, Pricing model, Product fee, Rate type, Representative example, Term

    “Ratenkredit Konditionen Uebersicht Zinssaetze: Min. -0,40 % bis Max. 19,90 % effektiver Jahreszins (APR)”

  • smava.de/baufinanzierung checked September 26, 2026

    Backs: APRC, Fixed period, Initial rate, Purpose

    “10 years fixed period - effective annual interest (Effektiver Jahreszins) from approx. 3.20 %”

  • smava.de/baufinanzierung/haus-kaufen-ohne-eigenkapital checked September 26, 2026

    Backs: Maximum loan to value

  • smava.de/impressum checked September 26, 2026

    Backs: Headquarters, Legal entity, Support channels, Licences

    “smava GmbH, Palisadenstrasse 90, 10243 Berlin”

  • smava.de/kredit checked September 26, 2026

    Backs: Loan amount, Credit needed, Eligibility, Features, Free early repayment, Funding time, Loan types, Arrangement fee, Use cases

    “Verwendungszwecke: Freie Verwendung, Autokredit, Modernisierung, Baufinanzierung / Immobilienkredit, Umschuldung, Gewerbekredit”

  • smava.de/partnerprogramm checked September 26, 2026

    Backs: Founded

    “Kreditexperten seit 2007”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Smava

Smava

Borrowing in Germany through a marketplace that charges no origination fee of 0 EUR on personal loans.

8.9/10See alternatives