The comparison service Ditt LÃ¥n has released a great comparison for those who want to borrow money in Sweden at very low interest rates. Read the PR in full at Cision News.
To locate the best loan, it is essential to look at interest rates and other offers so that the service has put together an impressive list of loans that it considers the top five loans.
5 lenders who offer loans at the highest interest rates:
Coop Medmera Bank – As a member you will receive more interest rate
Coop Medmera Bank offers loans of up to SEK 500,000 without any collateral. With Coop Medmera Bank, customers do not have to pay setup fees and requests are handled quickly and hassle-free.
If you are an active member of Coop members, you will also benefit from a reduction on interest. Coop members benefit from what they call an interest rate reduction on all loans made through Coop Medmera Bank.
Zmarta offers the widest range of search and comparison tools
At Zmarta it is possible to apply for a loan of at least 600,000 SEK and you will receive offers from various lenders on one request. All lenders share a credit report, which allows you to browse through the various loans with peace of mind before making a final decision.
At Zmarta, you can also rate other personal finance products like insurance and electricity contracts.
Komplett Bank – Loan up to SEK 500,000
In Komplett Bank, you can apply for an unsecured loan of up to SEK 500,000. There are also several convenient payment options to choose from. The loan application through Komplett Bank is flexible and you can approve it using BankID.
Advisa – 36 lenders will offer you loan offers
With Advisa, it is possible to apply for a loan of up to SEK 600,000, and you can also receive loans from up to 36 lenders. Plus, all lenders have the same credit report. This is a flexible application, free for you and which you can accept with the help of BankID.
Lendo is a fast and secure application
Lendo grants loans up to SEK 600,000. If you apply for a loan through Lendo, you will also receive offers from various lenders, including 35. They also have the same credit profile.
Applying for a loan through Lendo is very flexible. The only thing you can prove your identity will be your BankID.
Different types of loans
There are many types of loans. Before deciding which lender to choose, it is important to first decide on the type of loan you are looking for. The type of loan that you should avail is not only the amount, but also the place of application and your financial situation.
Below we will go over three of the most common loans available in the market:
Private loans, also known as unsecured loans, or consumer loans as they may be called, are unsecured loans. The money that is deposited in the private loan is generally used to finance renovations, vehicle purchases, travel, or simply for consumption.
It is important to note that the fact that a personal loan is unsecured means that you do not have to pledge anything or that a guarantor requests the loan. It is not necessary to tell your lender exactly what you plan to use to pay off the loan and therefore you have full control over what you want with the loan.
A short term loan, also known as an SMS loan, or mini loan or mini loan as it is sometimes called, is exactly what it is, a loan that usually has a quick payout. Lenders who give quick loans usually have lower demands on you as a borrower, which makes them more likely to be accepted, especially if you already have lower income or are paying reviews.
Quick loans are a small amount of money that you borrow to pay for temporary expenses or to cover your daily consumption. In general, for quick loans, they usually have a shorter term as well as a higher interest rate.
Group loans are often referred to as private loans or unsecured loans. The term âgroup loanâ refers to a type of loan that you get to pay off other credit that you collect later in one place.
Many people with low credit and low debt decide to get an individual loan to better understand their financial situation, but this could usually result in a better loan with a lower interest rate.
Group loans like a private loan usually have a longer term and a longer repayment term. This is often able to lower the monthly cost and possibly improve your financial situation in the long run.
General conditions for borrowing money
As an entrepreneur, fulfill certain conditions in order to obtain loans. These requirements differ between banks and lenders and the requirements may differ for different types of loans.
Here are the conditions for applying for a loan in Sweden:
You must be 18 years old and reside in Sweden
You should not be in the middle of a current debt being restructured.
It is recommended not to carry payment notes
You must have income from your work such as pension, health insurance or health insurance