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Sofkredit review

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

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Our verdict

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.

Key facts

Best for
Spanish adults seeking a substantial secured or mortgage-guaranteed loan placed with a specialist lender.
APR
10.74% to 18.06%↗
Loan amount
€12,000 to €300,000↗
Term
6 to 240 months↗
Arrangement fee
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↗
Credit check
Soft prequal↗
Funding time
15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly↗
Representative example
a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR↗
Lender type
Broker↗
Eligibility
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↗
Origination fee (%)
6% to 9%↗
Loan types
Secured, Debt-consolidation, Business↗
Credit needed
Poor↗
Use cases
Home-improvement↗
Legal entity
Kova Finance, S.L.↗
Headquarters
Spain↗
Support channels
Email, Phone, Help-centre↗
Features
Same-day funding
Official website
sofkredit.com

Mortgages

Initial rate
8% to 14%↗
APRC
10.74% to 18.06%↗
Fixed period
0.5 to 20 years↗
Maximum loan to value
30%↗
Product fee
€900 to €1,350↗
Purpose
Home-equity, Remortgage↗

Facts checked September 26, 2026, 5 sources

Pros and cons

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.
  • Support runs on email, phone and help centre, so help is reachable without a branch visit.
  • Same-day funding appears under same day funding for the quickest route from signing to cash.

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.
  • Borrowers after a small short-term loan are pushed away, since the published amounts are €12,000 to €300,000.
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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.

Rates and costs

The published borrowing APR is 10.74% to 18.06%, and the arrangement fee is 6% to 9% of the loan, set by the collaborating lender rather than by Sofkredit. The representative example shows the gap between the cash borrowed and the total repaid over the life of a mortgage-guaranteed loan, which is where the fee and the interest compound. Read the two together: a headline rate near the lower end of 10.74% to 18.06% still leaves the lender charge of €900 to €1,350 to fund on the first mortgage-guaranteed example. Sofkredit adds no charge of its own, so the arrangement costs the interest plus the collaborating lender's commission.

Safety of your money

Who ends up holding the money is the question that matters here. Sofkredit works as a broker under broker, so the credit decision and the binding agreement sit with a collaborating lender rather than with the intermediary. The Spanish side of the business is registered with Banco de Espana under licence E020, and the Italian side with OAM - Organismo Agenti e Mediatori under licence E020. The representative example sets out what the borrower owes once the money is drawn, so check which lender is named on the offer before you sign.

Application and funding speed

The amounts on offer are €12,000 to €300,000 and the terms run 6 to 240, so this is a long-tenor product rather than a short bridge. On timing, the stated pattern is a waiting period after approval, with money released on the day of the notary signing when documents are sent quickly. That same-day release sits at the signing rather than at the application, so treat it as the end of the process rather than the start. Applicants who need cash quickly should plan around the notary appointment and the paperwork that precedes it.

How Sofkredit compares

Where Sofkredit is available

Available
France, Italy, Spain
Licence in Spain
Banco de Espana (E020), checked September 26, 2026
Licence in Italy
OAM - Organismo Agenti e Mediatori (Elenco degli operatori comunitari, art. 128-novies TUB) (E020), checked September 26, 2026

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

Frequently asked questions

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.

Is the business regulated?+

The Spanish business is registered with Banco de Espana under licence E020, and the Italian side with OAM - Organismo Agenti e Mediatori under licence E020. Registration covers the intermediary's conduct, while the money itself comes from a collaborating lender, so check who the contract names.

Who actually lends the money?+

Sofkredit is a broker under broker. Applications are matched to a collaborating lender, and the rate, the fee and the final contract come from that lender rather than from Sofkredit. That is why the same published range can produce different offers, and why the lender's name matters as much as the rate.

Who can apply?+

Applicants must be individuals or companies that have reached adulthood and either hold Spanish nationality or live in Spain, with a bank account in their own name. A mortgage-guaranteed loan needs a property they own, either with no charges registered on it or with much of the existing mortgage already repaid. Support runs on email, phone and help centre.

How quickly is the money released?+

Money follows approval, and same-day funding under same day funding refers to the release at the notary signing rather than the application itself. The stated pattern also includes a waiting period after approval, so speed depends on paperwork and on the notary appointment. Plan the timetable around the signing and keep documents ready.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Sofkredit

Sofkredit

Spanish adults seeking a substantial secured or mortgage-guaranteed loan placed with a specialist lender.

8.7/10Visit