Northmill
Northmill is known for offering one of the most competitive quick loans on the market, also called SMS loans, with a high approval rate and fast payouts.
Features and Benefits
The loan from Northmill has a fixed interest rate ranging from 7.9% to 25.9%, making it one of the cheaper options compared to other SMS loans. The loan amount can range from as low as 1,000 SEK up to 50,000 SEK.
A particular advantage of this offer is that there is no setup fee, which means that the borrower saves money in the initial stage of the loan process.
Loan terms
Loan amount: Up to 50000 kr
Duration: 5 - 72 months
Interest: 7.9% - 25.9%
Eff. interest: 9.22% - 32.74%
Age: 18 - 70 years
First loan free: No
Payment remarks accepted: Yes
Setup fee: 195 kr
Administration fee: 19 kr
Invoicing fee: 0 kr
Direct payment: Yes
Weekend payment: Yes
Revolving credit: Yes
Minimum required annual income: 120000 kr
Representative example
Price example: For a loan of 25,000 SEK at an annual interest rate of 13.9% (variable) over five years with 60 repayments, a withdrawal fee of 195 SEK and an administrative monthly fee of 19 SEK, the monthly payment is 604 SEK (total 36,237 SEK) and the effective interest rate is 16.88%.
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.
Northmill interest rates and fees
Here is how Northmill 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 Northmill 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.