Is your loan rate fair?

Check in 10 seconds using official European Central Bank data. Instant results.

Official ECB data

19 Euro Area countries

No data stored

Built by data engineers & finance professionals

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Is My Rate Fair?

Loan Simulator

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Your rate is high

Your rate

5.80%

Market avg

4.95%

Difference

+0.85

Rate history

202020232026

Est. savings

€3,240

Timing score

6.8/10

Good time

19 Euro Area countriesUpdated dailyNext ECB: 17 Apr

How it works

Enter your rate

Tell us your country, loan type, and the rate your bank quoted.

Get your verdict

We compare against official ECB data and tell you if it's fair.

Take action

See how much you could save and what to do next.

Is my rate fair?

Compare your rate to the official European average for your loan type, country, and amount.

Loan simulator

See your monthly payment, total interest, and how extra payments save you thousands.

Should I apply now?

Check if banks are lending, if rates are trending down, and what the ECB is doing next.

Why checking your rate matters

Most borrowers never find out if their rate is normal for their market. A small difference in interest rate can add up to thousands of euros over the life of a loan. Checking gives you clarity before you sign, refinance, or negotiate.

Compare with official benchmarks

See how your rate stacks up against the ECB average for your country, loan type, and amount.

See the real cost impact

Simulate monthly payments and total interest to understand what even a small rate difference means in euros.

Time your decision

Check whether banks are lending, if rates are trending down, and what the ECB is doing next.

A clear benchmark and practical next steps in seconds — no guesswork.

A faster, more private way to check loan rates

See how BorrowProof compares to the usual ways of checking your rate.

Anonymous

Check rates without sharing personal details.

Broader coverage

Mortgage, personal, business, and working-capital rates in one place.

Faster insight

Get an answer in seconds, not days.

	Your bank	Loan aggregators	BorrowProof
Rate transparency
Mortgage rates			Yes
Personal loan rates			Yes
Other personal loans	Limited		Yes
Business loan rates	No	Limited	Yes
Working capital rates	No	Limited	Yes
Features
Monthly payment & interest simulator	Limited	Limited	Yes
Rate trends over time	No	Limited	Yes
Shows whether now is a good time to borrow	No	No	Yes
Trust & privacy
Based on official ECB statistics	No	No	Yes
No lender-paid ranking	No	No	Yes
No personal details required	No	No	Yes
No sales follow-up	No	No	Yes
Cost & effort
Cost	Rate markup built in	Commission-based	EUR 25
Time to get answer	Days to weeks	Minutes	10 seconds
What you need to share	Full financials	Personal information	Loan characteristics