Loan refinancing

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*Loan amount from €500 to €10000. Repayment period from 3 to 60 months. Annual Percentage Rate (APR) from 32.92% to 37.27%.

What does loan refinancing mean?

Why service high interest rate loans if you could repay them early by taking out a cheaper loan? That is what loan refinancing or consolidation means.

Loan refinancing can have several benefits:

  • The new loan may have a significantly lower interest rate compared to the old loan(s).
  • A longer repayment term can help reduce monthly payments.
  • A single consolidated loan is easier to keep track of than several small loans.
  • Consolidation can help alleviate the interest rate risk.

What kinds of loans should you consider refinancing?

While everyone's situation is different, it is generally reasonable to refinance high interest rate loans, such as payday loans and credit card debt.

If the borrower has good credit score or is able to post additional collateral, refinancing small loans and consumer loans may be reasonable as well.

What kinds of loans are suitable for refinancing other loans?

Once again, this depends on your situation. For an individual, the cheapest way to refinance loans is by taking out a property-backed long-term loan (a mortgage loan). Such loans usually have the lowest available interest rate.

If posting real estate as collateral is not possible or desirable, a longer-term small loan, such as a Bondora loan, may also provide savings by refinancing more expensive loans.

Why should you consider a Bondora loan for refinancing your other loan(s)?

With Bondora, individuals can apply for an unsecured small loan of up to 10,000 euro, and choose the loan offer with the most suitable term and monthly payment. Bondora loans have no hidden fees or charges (see our fees) and it only takes a few minutes to apply online.

5 checks before
you start a loan application

  • You are over 21
  • You have a bank account in Spain
  • You have a regular official income
  • You have a good credit history
  • You do NOT have gambling problems

Our loan conditions

  • The loans are unsecured and very easy to apply for;
  • 500-10,000€ from 3 months up to 5 years;
  • Interest rates starting from 19.9% p.a.;
  • No additional fees for early repayment;
  • You can choose your own monthly payment;
  • Apply online, no need to visit a branch;
  • You can get a loan using just your smartphone.

Why borrow
from Bondora?

Apply for a loan anywhere anytime

Sometimes unexpected situations just happen, like car breaks down or washing machine stops working. These can happen in middle of the night and no-one is safe from them. Or even if you are lucky to have enough funds for rainy days, you might be short of money for buying a new car or renovating a home.

You can submit loan application at Bondora even at 2AM and on public holidays! Our whole loan process can be completed 100% online without a need to visit a branch and even leave your home.

Affordable and personalized

Bondora does not offer one fit solution to all customers like some traditional banks. Since funded in 2009, we have won many prizes for innovation and alternative financing. Despite recognition, we continue improving to offer best service to our customer.

And the best part is that our interest rates are affordable. While all loan offers are personal, based on needs and requirements of each customer.

Faster than ever

Our fast online application takes only 5 to 10 minutes to complete and and you get initial loan offer within 1 minute. Our customers are getting a fast loan offers 24/7 and you can even apply from your smartphone.

Speed is nothing without secure platform. With Bondora you can be sure that all provided information is handled fast and securely.

Choose suitable monthly payment

After submitting loan application, you get an initial loan offer within 1 minute. All offers are based on your credit background and give you the flexibility to choose the suitable monthly payment to meet your needs.

You have 72 hours to accept suitable loan offer and monthly payment. After this time expires, your application is automatically cancelled and you do not have any further commitments to take a loan from Bondora.

Fair and reliable

All applications are reviewed by our trained loan analysts and no information is shared with third parties. We are doing our best to review all applications within couple of hours.

Loan applications are being reviewed 7 days a week, with no exceptions on weekends or national holidays. Our loans are always there for you!

No additional fees

After agreeing with final loan terms, loan money is automatically transferred to your verified bank account. Depending on the bank, the transfer normally takes 1-3 workdays.

If your plans change you can always repay the loan without additional costs. Also all our fees can be seen HERE, so there would be no hidden fees or scary surprises along the way.

How to get a loan
from Bondora?

  1. 01 Register and
    submit a loan application
  2. 02 Choose a suitable
    loan offer
  3. 03 Identify yourself and
    sign a contract

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Please review our terms and conditions on, and consult with a financial advisor if necessary.

Get a loan offer in 1 minute!



*Loan amount from €500 to €10000. Repayment period from 3 to 60 months. Annual Percentage Rate (APR) from 32.92% to 37.27%.