SMS LOANS – Simple as 1, 2, 3. Money in the account within 15 minutes!

SMS loan was the loan form that started around the year 2006 and quickly broke through as a big discussion bomb in Sweden. The loan form that originally started in Finland exploded completely and suddenly everyone wanted to borrow USD 3000 via sms. Nowadays there are no longer sms loans, but the fastest loans we have in Sweden are fast loans. A loan with a higher amount and a longer repayment period, but still pay off quickly.


Sms loans are a memory only

Sms loans are a memory only

Ugh what many people hated sms loans and then I do not mean the borrowers, but those who did not “need” to use the service. They decided that sms were the biggest crap on earth and black painted everything and everyone who had sms to do. If you had borrowed money via sms loan, you would definitely not tell anyone, but risk being declared unconstrained and sentenced as stupid in the head.

Now sms no longer exists. The service did not disappear as desired, but grew and became fast. Fast loans meant larger loan amounts, signing via BankID instead of via sms, a complicated income declaration to fill in when applying and and the opportunity to invoke repayment rights for the loan (at sky high costs) So everyone was happy and happy. NOT.


Quick blast away, away, you stupid parasite

mobile loans

No quick loans were not good either, but just as bad as SMS loans, most people thought. This is the way we cannot have it, the stupid parasite called fast loans must be banned, the rules changed and the people unmasked yet again. There are so many people who have no idea and understanding of what to do and put in. Gone your stupid parasite – we do an interest rate cap, so maybe these lenders stop lending money through quick loans.


Quick loans, sms loans, loans at all are not an impulse act, but a cry for help

Quick loans, sms loans, loans at all are not an impulse act, but a cry for help

You do not take out a loan if you do not need the loan. Making a loan application is a cry for help. You ask the lender for help when you have no advice or opportunity yourself. If a sms loan or fast loan, takes 15 minutes or 2 hours to get into the account, does not matter. You take these small loans because the banks that lend larger amounts do not want to lend small sums. Either because the income or the credit history is too bad, or because the loan amount is too small. And a bank that lends a large amount to you, either a credit without collateral or a mortgage, will get back a large amount in interest over the long time the loan is repaid (several years)

A small loan may have a higher cost of one month, but after that month everything is repaid. It is not possible to calculate the annual interest rate for a sms loan, since you do not borrow the money for a year. Then it would be expensive. But as the lenders for SMS loans did, that they lent out for example USD 1000 and took for this an interest, fee or whatever you want to call it, at USD 150 does not feel like the worst thing in the world. On the other hand, taking a mortgage and paying USD 8,000 in interest each month (about USD 100,000 a year, on the other hand, feels very sour. And yet the interest rate is very low)

But it is fortunate that we do not have sms loans, because they are no longer there. Now the lenders are rebuilding their products according to the law change. Now comes the annual loan instead. Exciting! And expensive!

Loan and mandate contract – information.

Each of us sometimes needs extra cash. This can be associated with an unexpected expense, such as a broken washing machine, fridge or illness in the family, or a desire to enjoy yourself from time to time. In such situations, usually the first solution that comes to mind is consumer credit. Unfortunately, usually taking advantage of the bank loan offer is connected with the need to present a work certificate confirming that we are employed for an indefinite contract. However, what to do if we work on a commission contract?

Loan and mandate contract – what should you know?

Loan and mandate contract - what should you know?

Unfortunately, the policy of banks is very restrictive. It is not enough that we prove even very high income – the bank requires proof that we will have the same amounts in the future. For this reason, usually consumer loans offered in the bank are only for people employed under an indefinite employment contract.

However, the situation is different for non-bank loans. Short-term contracts can be obtained without extensive formalities, often all you need is proof. Their offer is very wide. For this reason, even if you do not work for an indefinite contract, you can borrow money without major problems.

Payday loans on commission contract

Payday loans on commission contract

What is payday pay? It is a convenient loan offered to anyone between 20 and 70 years of age who can show a stable income – in any form! In this way, you can borrow money from 500 to 10,000 USD. Importantly, this loan, unlike most popular payday loans, works exactly like a loan: you don’t have to pay back the entire amount right away, your commitment can be spread over convenient installments.

Loan and mandate contract – how to get a loan?

Loan and mandate contract - how to get a loan?

Obtaining payday evidence as proof is very easy. We will do this by submitting the application online. We will have to register on the site and complete a simple form in which we will provide our personal data and sources of income. Then we have two options to confirm the identity – the first one is to make a transfer for the amount of USD 0.01, the second is the Kontomanik automatic verification system.

The application is processed very quickly – you often receive money on your account the same day. You can also collect them at the post office using the giro check. The whole procedure is very fast and the website is easy to use.

Mortgage lending can also be undertaken as a maturity loan or a floating rate loan

The bank cooperates with various financing partners on loans from its own portfolio.

Urgently needed money is available to customers

Urgently needed money is available to customers

These include, for example, the Best Bank and the Nice bank. This cooperation enables Best bank to provide financing tailored to the needs of the client. An immediate loan is paid out within two to three working days after approval by the bank. The urgently needed money is available to customers within a very short time. But sometimes it has to be faster. There is also a solution for this: Some direct banks also offer a so-called flash transfer. This flash transfer enables the money to be received in the customer account as a rule on the following working day. For this particularly quick payment of the instant loan, however, an additional fee is payable, which is usually around 15 to 20 USD.

Funding options include:

  • New construction and acquisition
  • modernization
  • Follow-up financing
  • Debt restructuring and
  • Acquisition with funding

Undertaken as a maturity loan or a floating rate loan

Undertaken as a maturity loan or a floating rate loan

For example, it is not only possible to access an annuity loan via the Best Bank. Mortgage lending can also be undertaken as a maturity loan or a floating rate loan.

Home. It becomes particularly expensive if development costs etc. have to be financed. For a building loan, it should therefore be as cheap as possible. At the same time, other conditions and framework conditions for financing count.

On its website, the bank states that it offers financing from an interest rate of 1.16 percent (annual percentage rate). At the same time, special repayments are possible with this financing. This means that every building owner can borrow more quickly from his property if, for example, bonus payments or Christmas bonuses go to debt service.

  • In real estate financing, a high degree of interest rate security pays off, especially when interest rates are low. The latter can be achieved through longer-term fixed interest rates ranging between ten and 15 years.