TuTasa review

The rate is fixed at 12.68%, quoted as both the APR and the initial rate, and the fixed rate model holds it for 3 to 10 years. The instalment profile agreed at the start therefore carries through the fixed period, which is the main point to check before signing.

Loans start at from $10,000 and run over 36 to 120 months, with the fixed period set at 3 to 10 years. That floor sits well above the €526.18 median amount across the site, so the product suits larger property-backed sums rather than short personal needs.

Yes, the pledged property does not have to sit in the borrower's own name. A third party such as a relative or friend can own it while the borrower signs the contract. The borrower must still be a property owner of at least the minimum age and able to sign, with the property backing the 12.68% loan.

TuTasa quotes a single timing: Pre-approval in up to 24 hours. Support runs on phone, email and chat while the application moves, and the lender sits in Uruguay, so the contract, the instalments and the pledged property belong to a single market. Borrowing against a home elsewhere would not fit that setup.

Free early repayment is not available, so settling the 36 to 120 month schedule sooner carries a cost. That is the sharper trade-off: the fixed rate of 12.68% buys predictability, and the option to walk away early is what you give up to hold it.

The lending covers secured, bridging and debt consolidation, and the stated uses are purchase and remortgage. In practice that means funding a home purchase or a remortgage, tidying up existing debt, or supporting a business, with the same fixed rate terms running across the range.

On this page the 12.68% rate ranks 180 of 338 brands on APR, and the cost score is 6.2. It also sits below the 15.5% median APR across the site, so price is not the weak point; the pledged property is.

Contact runs through phone, email and chat, so phone, email and chat all reach the lender. The company behind the loans is TuTasa SAS, based in Uruguay, and its products run on fixed rate terms against property rather than through an open account.