CréditoPlus

What CréditoPlus is

CréditoPlus is a Spanish comparison service for online small loans. It is not a bank or direct lender: the website gathers information and refers an application to other companies, and any resulting agreement is made with the selected lender.

How it works

An applicant enters the requested amount and repayment period. The form is then shared with a network of more than 30 direct lenders, which may return offers based on the applicant's profile. CréditoPlus describes the comparison as free and says the request does not affect the applicant's credit history. Applicants must live in Spain, be at least 18 years old and have a mobile phone number, email address and bank account with an IBAN.

Published amounts and terms

• The platform lists requests from €100 to €1,500, with repayment periods from 30 days to 12 months
• Partner lenders are described as offering amounts from €100 to €5,000
• The stated minimum APR is 0% and the maximum is 36%, depending on the lender and applicant
• A separate published example shows a €1,000 loan repaid in 12 monthly installments at 11.99% fixed interest, totaling €1,936.32 in payments of €161.36 and carrying an APR of 289.2%

Applicant profiles

The company says its partners consider factors beyond a credit score and may assess requests from people with adverse histories or minor unpaid debts. Examples of intended uses include debt consolidation, unexpected bills, repairs, medical or veterinary costs, tuition, furniture and vacations.

Contact

Phone: 902 88 81 18. Email: creditoplus@gmail.com. Website: creditoplus.es.

The published representative example shows why the final lender's disclosure matters: the total repayment and APR can be substantially higher than the headline interest rate.