At lending companies you can take a slightly smaller private loan if you need somewhere between USD 3,000 and USD 15,000. You can borrow these amounts for at least one year and at most five years. It is an ordinary private loan, but loan amounts are basically at the same level as micro loans.
This lender is an option if you do not need that much money but want a repayment period of at least one year, in the style of other private loans. However, a longer maturity means that in the long term you will have to pay more in interest.
If you have a Bank ID, you can borrow a little extra quickly because you do not have to bother with paper that is sent home and that you then have to sign and submit. You sign it all digitally instead and can get your money a few days earlier.
You can choose quite freely how much you want to borrow between USD 3,000 and USD 15,000 and you can also choose maturity between 1 – 5 years. However, you always have to choose even thousands. If you have chosen a slightly lower amount, you can later choose to increase the size of the loan up to the maximum limit of USD 15,000.
During the loan term, you are entitled to two payment-free months each year. This means that you do not have to repay the loan these months or pay the interest on that month. However, you will not get rid of the interest, but instead it is placed on the remaining debt so that you can pay it later. The loan is then also extended by one month for each payment-free month you take.
The conditions for this are that you cannot have your first month as a free month and you also have to wait at least four months between each free month.
To be able to get a loan you must be at least 20 years old or at least 20 years old during this year. You need an income of some kind, but there are no definite conditions that say exactly how big it should be. The important thing is that money comes in some way – for example through service, pension or business.
You can also borrow with payment notes. As long as your finances are fully approved you can even be approved to borrow despite remarks. However, you may not have any active debt so be sure to manage your finances.