Cofidis — Prestito Personale
Cofidis S.A. (succursale italiana)
at 35% of the usury threshold
Data verified on unchanged since the sources
Worth it if you need a small, fast online loan (€3,000–15,000): in the SECCI example the nominal rate is 6.208% and the APR 6.50%, with zero accessory fees.
Avoid it if you need more than €15,000 or have a higher risk profile: the APR can rise to 14.90% and the 6.50% is a promotional example.
Cofidis (Crédit Mutuel group) operates in Italy as a branch of the French bank Cofidis S.A. (in 2023 the former Cofidis S.p.A. was merged into the parent). It is one of the "honest" poles of online consumer credit: in the SECCI example (€8,000/60 months) the nominal rate is 6.208% and the APR 6.50%, with all fees at €0 except a €20 substitute tax. The maximum APR, however, rises to 14.90% depending on the profile. Modest amounts (€3,000–15,000), fast online disbursement.
Data & conditions
| Representative-example APR | 6.5% (€8,000 · 60 months · instalment €155) |
|---|---|
| Min advertised nominal rate | 6.208% |
| Max APR | 14.9% |
| Total cost of credit | €9,346 |
| Usury threshold | 18.6% (Credito personale, 3° trim. 2026) — APR sits at 35% |
| Loan amount | €3,000 – €15,000 |
| Term | —–84 months |
| Lender | Bank (direct lender) |
| Mandatory insurance | No |
| Insurance included in APR | No |
| Reported to credit bureaus (CRIF) | Yes |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | ACPR (Francia) + Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Dal 1/1/2023 Cofidis S.p.A. è stata incorporata in Cofidis S.A. (Francia); gruppo Crédit Mutuel |
| MiCA / License status | Banca comunitaria (Cofidis S.A., gruppo Crédit Mutuel/BFCM); operatività in Italia tramite succursale, vigilanza ACPR + Banca d'Italia |
Strengths
- SECCI example with 6.208% nominal / 6.50% APR and zero accessory fees
- Fast 100% online disbursement; bank of the Crédit Mutuel group
- Total cost of credit clearly disclosed (€9,346.40 on €8,000)
- No notable sovereignty advantage documented.
Weaknesses
- The maximum APR reaches 14.90%: 6.50% is the best case
- Maximum amount €15,000: sized for small needs
- The example's 6.50% is promotional (valid until 31/10/26): check the updated SECCI
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Score 4.0/5, very strong profile. In its favour: sECCI example with 6.208% nominal / 6.50% APR and zero accessory fees. The trade-off to weigh: the maximum APR reaches 14.90%: 6.50% is the best case.
On the Sovereignty lens the score is 0.4/5 (weak): the strength is censorship resistance (1.5/5), while fund control (0.0/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used Cofidis — Prestito Personale, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
Trustpilot ↗
4.4/5
46,521 reviews
Trustpilot Italy profile (cofidis.it): 4.4 over 46,521 reviews. High overall score over a very large volume, far more positive than the app.
-
App Store ↗
3.5/5
390 reviews
'My Cofidis' app (id 1596940492, COFIDIS SA): 3.47 over 390 ratings, markedly cooler than Trustpilot. Exact value from iTunes lookup.
Weighted average across 2 public review platforms (46,911 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
Is Cofidis a bank or a finance company in Italy?
Since 1 January 2023 it operates as an Italian branch of Cofidis S.A., a French EU bank of the Crédit Mutuel group: the former Cofidis S.p.A. was merged into the parent. It is therefore supervised by ACPR (France) and the Bank of Italy.
Sources
- Official service page Data verified on Jul 16, 2026