NC Company Overview
Smava is a German marketplace for loans. It offers customers the opportunity to request offers for the type and value of loan they want from leading lenders, and then compare the options available to them. Customers can then complete their applications all in one place and receive their formal lending decision and funding quickly and easily.
Smava, based in Berlin, Germany, has a very high customer satisfaction rating of 98%, according to ratings on the eKomi review portal. It is appealing to customers as it can allow them to make loan comparisons between all of the major lenders available in Germany without leaving an imprint on their Schufa credit score, as applying for a loan generally does this. Making a loan request is also free, and a request can be canceled at any time.
Smava was launched in 2007 and was Germany’s first fintech business. It has gone on to become one of the biggest names in consumer finance in Germany.
As of May 2019, Smava offers the ability to compare 70 different loan products from all of the leading banks and credit providers active in Germany. Over two billion EUR in loans is arranged through the platform each year.