Online Loans
Online Loans is a lender that offers SMS loans, also known as quick loans, with loan amounts between 10,000 and 50,000 SEK. The loan period for these loans varies between 2 years and 10 years.
Costs and Fees
The interest rate on the loans is 27.95%, which is relatively low compared to many other SMS loans. There are no setup fees or invoice fees, making it attractive for those who want to avoid extra costs.
Approval Rate
Despite the absence of UC in credit checks, Online Loans requires the applicant to have a monthly income of at least
Loan terms
Loan amount: 10000 - 50000 kr
Duration: 1 - 10 years
Interest: 27.95% - 27.95%
Eff. interest: 31.82% - 31.82%
Age: 18 - 70 years
First loan free: No
Payment remarks accepted: Yes
Setup fee: 300 kr
Administration fee: 0 kr
Invoicing fee: 39 kr
Direct payment: No
Weekend payment: No
Revolving credit: No
Minimum required annual income: 150000 kr
Representative example
10,000 SEK in an annuity loan for 2 years with a nominal interest rate of 27.95%, an effective interest rate of 31.82%, costs 549 SEK/month (24 times). To repay: 13,176 SEK including all fees.
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.
Nätlån interest rates and fees
Here is how Nätlån 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 Nätlån 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.