Direct Payment During Evenings and Weekends

Fairlo has exceptional service when it comes to payouts. They can make direct payments to bank accounts in major banks including Handelsbanken, Nordea, SEB, Danske Bank, and Swedbank regardless of the time of day. This is a great advantage for those who need access to money without delay, especially if it happens during holidays or late evening hours.

With a credit limit of up to 70,000 SEK without a setup fee and easy application via BankID, Fairlo is a convenient choice for many borrowers.

Disadvantages and Costs

Although Fairlo offers relatively low interest rates, there are some additional costs to consider. After the first withdrawal, a withdrawal fee of 195 SEK is charged, and a potential monthly fee may apply for larger credits over 30,000 SEK.

This means that it can become more costly to use Fairlo frequently or for smaller loan amounts compared to other loan options.

Credit Check and Requirements

Fairlo uses Bisnode for their credit checks instead of UC, which means that your previous UC inquiries do not affect the possibility of getting your application approved at Fairlo.

You are required to have a monthly income of at least 10,000 SEK from various sources such as permanent employment, pension payments, or unemployment benefits. Payment defaults are accepted to some extent, but debt balances with the Enforcement Authority do not pass their review.

Summary

In summary, Fairlo's credit account is a good choice for most people who continuously