The service of comparison Ditt Lån has come out with an excellent comparison for those who wish to borrow money in Sweden at very low rates of interest. Read the PR in full on Cision News.
To locate the best loan, it is essential to look at rates of interest and other offers so the service has made an impressive listing of the loans they believe to be the five best loans.
5 lenders that provide loans that have the highest rates of interest:
Coop Medmera Bank – As members you will receive more rates of interest
Coop Medmera Bank offers loans that can be as high as SEK 500,000 with no security. With Coop Medmera Bank, customers don’t need to pay a setup fee, and applications are processed swiftly and without hassle.
If you’re an active member of the Coop members, you’ll also get a discount on interest. Coop members get what they refer to as an interest rate discount on all loans that are made through Coop Medmera Bank.
Zmarta offers the largest range of search and comparison tools
At Zmarta it is possible to apply for a loan at least SEK 600,000, and you will receive offers from various lenders on one application. All lenders share one credit report, which allows you to look through the various loans in peace before making a final decision.
At Zmarta You can also evaluate other products for personal finance like insurance and electricity contracts.
Komplett Bank – Loan up to SEK 500 000
In Komplett Bank, you can make an application for an unsecure loan that is up to SEK 500,000 . You also have a variety of convenient payment options to select from. The loan application through Komplett Bank is flexible and you can approve it using BankID.
Advisa – 36 lenders will offer you loan deals
With Advisa it is possible to request a loan amounting as much as SEK 600,000, and you can also receive loans from up to 36 lenders. Furthermore that all lenders have the same credit report. It is a flexible application, and is free for you to use and you will be able to accept with the assistance of BankID.
Lendo is a quick and secure application
Lendo provides loans up as SEK 600,000. If you apply for a loan through Lendo you will also be receiving offers from a variety of lenders, including 35. They also have the same credit profile.
A loan application through Lendo is very flexible. The only thing you be able to prove your identity will be your BankID.
Different kinds of loans
There are many different types of loans. Before you decide which lender to select it is important to first decide the kind of loan you’re looking for. The type of loan you need to take advantage of 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 also known as an unsecured loan, or consumer loan, as it may be termed is an unsecure loan. The money that is deposited in the private loan is generally used to fund renovations, vehicle purchases, travel, or just for consumption.
It is important to note that the fact that a personal loan is not secured means you don’t have to pledge anything or have a guarantor request the loan. It is not necessary to inform your lender exactly what it is you are planning to use the loan to pay for and are thus in complete control of what you wish with the loan.
A short-term loan, also known as a SMS loan, or mini loan or mini loan, as it’s sometimes known is exactly like it is, a loan that generally has a speedy payment. The lenders who provide quick loans typically have lower requirements to you as a borrower, making it more likely to get accepted, particularly in the event that you already have an income that is lower or pay comments.
Quick loans are kind of loan for a tiny amount of cash that you borrow to pay for temporary expenses or to cover your daily consumption. In general, for loans that are quick they usually have a shorter duration as well as a higher rate of cost of interest.
Group loans are frequently referred to as private loan or an unsecured loan. The term “group loan” refers to a type of loan you get to pay for other credit which you later collect in one place.
Many people who have little credit and debts decide to get an individual loan to gain a better understanding of their financial position, however it could usually result in a more favorable loan that has a lower interest rate.
Group loans, like a private loan generally has a longer time and the time to pay is longer. This is often able to reduce the monthly cost and eventually improve your financial position over the long term.
General conditions to borrow money
As an entrepreneur, to meet certain conditions in order to get loans. These requirements differ between banks and lenders and the requirements may differ among the various kinds of loans.
Below are the conditions for applying for an loan in Sweden:
One must be age 18 and a resident of Sweden
One should not be in the middle of any current debt that is in the process of restructuring.
It is recommended that do not carry any payment notes
One must have an income from your job such as pension, health insurance, or health insurance