Kontantfinans Credit
Kontantfinans credit offers SMS loans with a high approval rate, even for borrowers with weak creditworthiness or payment defaults. The service is specifically designed for those who have difficulty obtaining loans elsewhere and provides the opportunity for direct money transfers via Swish during certain times.
Credit Terms and Costs
The loan amount at Kontantfinans ranges from 3,000 SEK to 40,000 SEK with a repayment period from 1 month up to 5 years. The loan has a fixed interest rate of 42.98%, which is higher than many other options on the market. Additionally, there are extra fees such as an arrangement fee of
Loan terms
Loan amount: 3000 - 40000 kr
Duration: 1 - 180 months
Interest: 42.98% - 42.98%
Eff. interest: 76.8% - 76.8%
Age: 18 - 70 years
First loan free: No
Payment remarks accepted: Yes
Setup fee: 475 kr
Administration fee: 25 kr
Invoicing fee: 0 kr
Direct payment: No
Weekend payment: No
Revolving credit: Yes
Minimum required annual income: 180000 kr
Representative example
The loan has a 42.98% nominal fixed annual interest rate, a 475 SEK setup fee, and a 25 SEK monthly administration fee. An example loan of 10,000 SEK repaid with 1,120 SEK per month over 12 months has an effective annual interest rate of 76.8%. This means a total cost for the loan of 3,440 SEK. The term ranges from 8 to 62 months with the maximum initial withdrawal, the lowest possible monthly repayment, and no additional withdrawals.
This is a high-cost credit. If you cannot repay the entire debt, you risk a negative credit record. For support, contact your municipality’s debt advice.
Kontantfinans interest rates and fees
Here is how Kontantfinans compares with other lenders in the comparison.
interest rates
fees
This comparison was made with långivare med en maximal effektiv ränta under 2000%.
The lenders compared with Kontantfinans had interest rates from 2.95% to 44% and effective interest rates from 4.04% to 983.6% and setup fees from 0 kr to 995 kr, administration fees from 0 kr to 375 kr, invoicing fees from 0 kr to 60 kr, and total fees from 0 kr to 1024 kr.