Smspengar
Smspengar offers simple and fast account credit that may be suitable for people with low creditworthiness. The ability to borrow without UC inquiries being conducted, as well as a high approval rate, makes it an attractive option for many.
Advantages and Disadvantages
One of the main advantages of Smspengar is their quick handling of loans and that they do not use UC for credit checks. However, the loan product has a high interest rate of 43% and several fees, making it more expensive than many other comparable loans. Smspengar does not accept borrowers with payment defaults despite the high approval rate.
Loan terms
Loan amount: 1000 - 30000 kr
Duration: 1 - 12 months
Interest: 42.5% - 42.5%
Eff. interest: 57.11% - 637.91%
Age: 18 - 72 years
First loan free: No
Payment remarks accepted: No
Setup fee: 395 kr
Administration fee: 99 kr
Invoicing fee: 45 kr
Direct payment: Yes
Weekend payment: Yes
Revolving credit: Yes
Minimum required annual income: 50000 kr
Representative example
Loan example (2024-10-16): Utilized credit of 15,000 SEK over 12 months, total repayment amount 20,588 SEK (average 1,715 SEK per month). Effective annual interest rate: 88.04%. Account credit with a variable nominal annual interest rate of 40% plus an addition to the reference rate currently at 44.00%. Fees: Setup fee 395 SEK. Withdrawal fee 195 SEK. Administrative monthly fee: 99 SEK. The loan example assumes one withdrawal with a fee, a setup fee, and 12 administrative monthly 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.
SMSpengar interest rates and fees
Here is how SMSpengar 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 SMSpengar 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.