• Editor's rating
  • 4.5 star rating
  • 80%
  • Compariloan
  • Review by:
  • Posted at:
  • Last modified: 4th September 2017

Are you thinking of changing cars but your salary does not allow it? Do you need a personal loan to do that little reform at home that you have been putting off for so long? Are you getting married soon but do not have enough money to cover all expenses?

Then you have arrived at the right place, because thanks to Compariloan you can request up to € 5,000 and in a few minutes you will have it in your account . And it is that when requesting a personal loan it is very difficult to find out what are the conditions that best suit your needs.

If traditional banks have closed their doors and won't let you apply for a quick loan, don't worry because Compariloan makes it easy for you and doesn't ask as many requirements as you think.

With Compariloan, forget about endless queues at the bank and so much paperwork, since you will be able to obtain your personal credit from the comfort of your home and in the fastest way possible. Do you want to know more about this financial institution? Keep reading and pay attention to everything we tell you below!

Find out how to apply for your first personal loan with Compariloan. You just have to enter here .

What is Compariloan?

It is normal that you ask yourself these types of questions, since before applying for a loan it is very important that you have the assurance that there is a serious company behind the financial institution. Who is behind Compariloan? This entity is backed by the Kreditech group, a company that already has many satisfied customers in a wide variety of locations in the United States. Clients who have not only tried the entity once, but who repeat several times due to the speed of the service and the peace of mind it provides. 

What flagship products does Compariloan have? This financial institution offers you quick credits of up to € 5,000 to be repaid within a maximum period of 48 months, and it also has Monedo Pay. Monedo Pay is an electronic wallet, a virtual prepaid card that works like any credit or debit card but without an associated bank account. An easy and fast option to have your money controlled and instantly.

How do Compariloan Personal Loans work?

It is a fairly simple process, in which it is not necessary to leave home to complete the procedure. You will only need to have internet access, enter the Compariloan page and follow a few steps that the entity requests. We will tell you about them below!

  1. Choose the amount and term to repay your loan. As soon as you access the financial institution's website, the first thing that appears is the following sentence: "I would like to obtain a loan of X amount to be repaid in X installments." This is where you have to indicate the amount of money you need and the term in which you will be able to make the return of the personal credit. Keep in mind that you can request up to € 5,000 and return them within a maximum period of 48 months . In the event that you need a small amount of money of up to € 750, you can only return it within a maximum period of 3 months. Once you have decided the amount and the term to return, you just have to click on "Get your loan."
  2. Create your account on Compariloan. In the next step you will only have to put your email and phone number.
  3. Indicate your bank. This step is for the entity to connect with your bank to be able to send you the personal loan once it is accepted.
  4. Fill in your details. Here you must fill out a simple form with your personal data.
  5. Receive Monedo's proposal. Once Compariloan has received your application, the entity will send you a credit proposal. If you agree, you just have to accept it.
  6. Collect your money. Once the previous procedure is done, your money will arrive in less than 15 minutes to your bank account. Of course, keep in mind that depending on your bank it may take between 24 and 72 hours to receive it.

Requirements to request your fast personal credit

If you are wondering about the conditions that you must meet to request your personal loan with Monedo, you have it easy, because it is not necessary to have a long list of requirements .

So, what requirements does Monedo request to request a quick loan? Take note because they are the following:

  • Be of age.
  • Have current residence in United States.
  • Have the identity document in order and updated.
  • Have a mobile phone and email account.
  • Be the owner of a bank account.
  • Reflect your monthly income (proof of payroll, pension or unemployment benefit)

What interest rate does Monedo have?

Once you request your personal loan, Monedo will indicate the interest you have to pay for the credit . If they don't convince you, the entity gives you the possibility to reject them right then and there.

To give you an idea of ​​the interest on Monedo loans, we are going to give you some simple examples:

  • If you request a loan of € 500 to be repaid in 3 months , you will have to pay a total of € 315 in interest. The total being € 815.
  • If instead of returning your € 500 loan within 3 months, you return it in 6 months , the total interest you will have to pay is € 390, the total you have to return to the entity is € 890.

What happens if you are late with the repayment of the loan?

If you delay in returning the requested credit, you will have to pay a surcharge according to the days it took you to pay everything:

  • If you are 6 days late. You have a 2% surcharge on the original loan amount.
  • If your delay is 20 days. You will have to pay the 5% interest on the requested capital.
  • If the delay is 30 days. You will have to pay 13% on the credit obtained.

Monedo Pay Card: Your digital wallet

What is Monedo Pay? It is a prepaid card that works like any other credit or debit card . You don't need a line of credit or a bank account.

To put this electronic wallet into operation, you just have to transfer money from your bank account to Monedo Pay. In such a way that with it you can do the same as with your usual credit or debit card : Withdraw money, buy, and make transfers to other accounts, among other things.

What advantages does Monedo Pay have compared to your current account or card?

Thanks to Monedo Pay you can avoid the following inconveniences:

  • Overdrafts . You will only spend what you have deposited on your card.
  • Data theft . The card is virtual and cannot be stolen so easily.
  • In case of theft or loss of the card, they will not be able to steal your money , since you can cancel it immediately. 

What do you have to do to request it? 

As it is not a financial product, to request it you only have to be of legal age, have email and a mobile phone. As simple as that. 

If you want to request your Monedo Pay you have to access here .

Opinions about Compariloan

The vast majority of Compariloan clients agree on the satisfaction offered by the company, both for the management carried out and for the treatment received by the personnel of the personal loan financial institution. If you don't believe it, we leave you some of the opinions of real clients: 

  • Estefanía (Barcelona): "Procedure to request the simple loan and flexible payment method."
  • Diego. M (Valencia): "Great, it seems simple to me and you can do everything online."
  • Ana (Missouri): “You can return it in comfortable terms. It is very flexible. "

If at this point you still want to compare more entities that offer personal loans quickly and safely, here is a list of entities so that you can choose the one that best suits your needs :

Compariloan Summary

Summary: Ask for up to € 5000 to be returned in 4 years, even as a new customer. Currency you have very flexible requirements and allows you to make a comfortable return. Request your first quick loan with Monedo comfortably from your home.

Score 4.5 star rating

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