Loan and Credit
Loan and Credit is one of the largest sites in Sweden when it comes to comparing, for example, insurance, electricity, loans and telecoms.
But they do not actually compare loans alone, but they can also help when they work as loan brokers. However, this is only for private loans as they work in this way, which means that they only offer price comparisons for mortgages and car loans.
It is therefore private loans for which they work as loan intermediaries
Which means you submit an application to Loan and Credit which they then pass on to the lenders with whom they partner. They respond back with the terms they offer so you who wish to borrow money choose what suits you best.
The application can be submitted for a private loan of USD 5,000 up to USD 350,000. The term extends from 2 – 12 years. Since private loans are a loan with no collateral, you can choose for yourself exactly what you want to use the money for. You can also redeem the loan whenever you want.
When submitting an application, you should choose whether you want a completely new loan or if you wish to borrow money to collect other smaller and more expensive debts into a larger and better loan. One important thing to know about is that it does not cost you anything extra to use the service offered by Loan and Credit.
You do not have to be yourself when you apply for a loan but can have a co-applicant. Then it is your total credit rating that determines whether the lenders want to lend money or not. Normally the chances increase if you are two.
Who can borrow through Loan and Credit?
In order to borrow money, you have to meet certain basic requirements. The big two of these are that you must be at least 18 years old and have a fixed income of at least USD 100,000 per year.
Loan and Credit does not set clear rules as to whether an applicant has payment remarks. But expect most lenders affiliated to Loan and Credit to deny these applications.