Loan and credit has a flexible loan that can be either a quick loan / SMS loan or a more ordinary private loan depending on what you are looking for. It is possible to borrow amounts between USD 500 and 10,000 in either 30 or 90 days in this fast smaller form.
For slightly larger loans of USD 11,000 and up to USD 20,000, the maturity is either 3 or 5 years. Then it becomes rather a regular private loan if you look at the size of the loan and repayment period. If you want to borrow money from them, do so directly on their website.
What terms does Loan and credit impose on the borrower?
The requirements that Loan and credit imposes on the applicants are fairly standard requirements. For example, the applicant must be 18 years old and registered in Sweden. In addition, they have some basic income requirements for their loans.
If you want to borrow USD 2,000, the applicant must have an annual income of USD 50,000. For a loan of USD 3,000, the income should be USD 100,000. For loans of USD 4,000 and upwards, you must have an annual income of at least USD 120,000. There is no such requirement at all when the applicant wants to borrow USD 1,000.
It is also not allowed to have more than one loan at a time with Loan and credit. If you want to borrow more, the old loan must therefore be repaid first.
How to borrow?
The first thing to do is to go to Loan and credit’s website. There you will find a form that you fill in when applying. In the form, basic information such as your name, social security number, income, desired loan, etc. must also be filled in. Once you have submitted the application, it will be processed and a positive response will be sent to you.
You also have another option and that is to call Loan and credit and talk to them directly. Here, too, you should visit the website to find telephone numbers and also what information you need ready. This is the same as found in the application form.
Loan and credit promises that if you get approved for a micro loan before 13:00 on a normal weekday, the money should be in the account no later than 17:00 on the same day.
Should a loan be approved after 13:00 on a Friday or during a weekend, the money should be in the account no later than Monday.