Here you can apply to borrow a large amount of money and then only use the amount you need. If you are unsure of how much money you want to borrow, a credit loan can be a good alternative. And if you are looking for a loan that has a fast loan process and quick payment, you will find it with us at Bunter.
It is possible to apply for credit loans without MC and loans despite payment remarks. Apply for a credit loan directly and soon you have the money in your account, ready to be spent.
Apply for a credit loan
Applying for a credit loan is very simple. You can apply on the lenders’ websites by filling out an application form. There you can enter your personal information and the amount you wish to borrow.
Some lenders can apply by phone if you need extra help. The loan process is usually quick, usually you get a preliminary message immediately when you have applied. The final message will usually arrive the same day, as soon as an officer has checked through the application you have made. The most common is that the credit is granted on weekdays when the administrators rarely work on weekends.
The same goes for loan repayments. A payment is made on a weekday, the time depends on when you submitted and got your application approved. Sometimes the money is already in the account the same day if the application was submitted early in the morning. If you send your application in the afternoon instead, the payment is usually made on the next banking day. How quickly payments are made depends on both which bank you have and which bank the lender uses.
Who can apply for a credit loan?
As long as you meet the basic requirements, basically anyone can apply for a credit loan.
The requirements that can be set may vary between different lenders, but these are the basic requirements:
- You must have reached the age of 18 and be of legal age
- You must be a Swedish citizen
- You must have a Swedish bank account
- You must have a declared income
- You must have an approved credit report
As long as you can fulfill these requirements before applying for a loan, the application will usually be approved. It is not often anyone is denied a credit loan, however, you can sometimes be offered to borrow a lower amount if the lender considers your finances too poor to borrow the amount you have applied for.
The amount of income you must have declared for depends on the amount of loan you are applying for. However, lenders usually want there to be a declared income for at least the last two years.
Compare different credit loans
It is smart to compare the various credit loans that lenders offer. Then you can find the lender that best meets your requirements. Look at what loan amount they offer, what maturities are available and what extra fees they can charge.
A lower interest rate and low fees will give you a cheaper loan.
Credit loan with payment notes
Getting a credit loan with payment notes in the baggage is usually not a problem. On the contrary, most creditors accept payment remarks.
If you have multiple payment notes, they investigate what amounts they were and when you received them. However, the main focus is usually on the current economy and even the ability to repay at present.
However, if you have multiple payment notes, there may be an extra good credit rating and repayment ability.
However, you cannot get your application approved if you have a debt account with bank. If you have this then you cannot apply for a credit loan.
Credit without MC
MC is an abbreviation for the company Megatronely, which offers credit information to banks and creditors. Most major banks make use of MC precisely when taking credit information.
However, there are lenders who do not use MC, which makes it possible to borrow money without MC. Instead, they use other credit reporting companies. Credit reporting is something that lenders have to do by law, so it is not possible to avoid it completely.
Many want to avoid taking a credit loan with MC. This is because MC records and stores all credit information provided. Those who control your finances at MC can see where, and when, you have previously applied for a loan. For many registered applications at MC is not recommended as it can be felt ruthlessly by banks and landlords. Furthermore, when you have many applications at MC, your credit rating is lowered.
It’s easy to get a credit loan without MC, just keep in mind which credit reporting company your potential lender uses.
What is a Credit Loan?
A credit loan is an alternative to taking a fast loan, private loans and other types of loans that are available in today’s broad loan market. It is a very smooth loan that you can take out without collateral. If you want to buy something special, go on a trip in the near future or maybe do a minor renovation but are unsure of how much it will cost then a credit loan can help.
With a credit loan you can borrow a larger amount, but then only use the part that is needed. For example, you can borrow USD 30,000 but only choose to withdraw and use USD 15,000 of the loan amount. The smart thing about credit loans is that you only have to pay interest on the part of the loan that you use.
You can therefore look at a credit loan as a buffer or as a credit card but without a card. The money is available if a need arises, but only what is needed is used. A credit loan is usually in the range of USD 20,000 – 30,000, but the maximum loan amount varies depending on who you apply for.
Credit charges and interest rates
Usually, you borrow a higher amount on a credit loan and therefore over a longer period of time than on other loans. Therefore, credit loans often have slightly lower interest rates than, for example, sms loans and quick loans.
However, keep in mind that the longer the maturity you have on the credit, the more expensive the loan will be because the interest will be paid each month. It is therefore a good idea to find a credit loan with the lowest interest rate possible.
Also check what other additional fees your potential lender charges in connection with the loan. There can be fees on everything from organizing and avi-mailing to an annual fee. The fewer fees, the lower the total cost of one’s credit loan.
Repay your credit loan
How much to repay from your credit loan each month depends entirely on how much of your approved loan amount you have used. Since it is unclear how much you will use, it may be difficult to set a specific repayment plan in advance.
A general rule is that you need to repay a minimum amount or a certain percentage of the loan each month, for example at least USD 500 or at least 10%. In addition, there are sometimes additional costs for setup and avi fees which you have to take into account.
It is important to manage your monthly payments on time. If you fail to make a refund, you will receive a very high reminder fee. Often it is imposed already the day after the missed payment. However, if you are unable to manage your repayment, it will soon become a debt collection case, which will make the loan even more expensive.
Risks with credit loans
Remember to borrow as responsibly as possible. It can feel tempting to take out a credit loan and use a high amount if you want to buy, for example, electronics for your home. However, it is important to evaluate your finances to see if you have room for the high repayment fees.
Making a budget even before applying for a credit loan is the best thing. This often prevents impulsive loan applications, but with a budget, it has instead been carefully calculated that there is room for a loan.