N26, an online bank, has extended its service offering in Spain with the introduction of personal loans and a consumer credit option.

The Availability and Interest Rates

These loans are available for amounts ranging from €1,000 to €15,000. N26’s interest rates on these loans start at 4.06% APR. Additionally, the bank is launching a flexible overdraft feature with an APR of 11.63%.

Objectives and Market Response

N26 aims to offer more competitive financial solutions that are both transparent and adaptable to meet customer needs. According to recent data from the Bank of Spain, personal loans were the second most popular type of financial product in Spain, with 16% of people reporting having acquired one in the last two years.

The volume of consumer credit, particularly in personal loans, has also seen a rise by 7.6% in the first half of 2025. Currently, personal loan balances are at their highest level since 2012.

Digital Personal Loans

N26 allows customers to apply for personal loans between €1,000 and €15,000 over a period of up to 60 months. The final loan cost is determined by the requested amount, chosen repayment term, and creditworthiness.

The application process for these loans is entirely digital, conducted through the N26 app, with instant approval.

Flexible Overdraft Feature

N26 also introduces a flexible overdraft solution. With an APR of 11.63%, this feature provides additional funds when an account balance goes negative due to unexpected expenses or bill payments.

Customers can activate the overdraft function in the app and set a maximum limit based on their financial profile. They are then supported in creating a structured repayment plan for this overdraft, ensuring transparency regarding monthly instalments and total costs.