Lending companies where you can take micro loans with quite a few options. You can borrow from USD 500 (if you only need a really small amount) and then even thousands of notes up to USD 10,000. You can take loans for up to three months for higher amounts. When you apply for a loan, you usually have the money in the account on the same day.
For loans of slightly lower denominations – USD 500 to 3,000 – it is a 30-day repayment period and for the rest – USD 4,000 to 10,000 – it is a 90-day repayment period. This means that you have a little more time to pay back the loans that are a little bigger, even if it also involves a slightly higher cost.
If you have E-leg or Bank ID you can use this to identify you and sign for the loan digitally and then you do not need to get home paper which will then be resubmitted. This way you can go through the loan process really quickly and have the money the same day. If you have an account with Nordea, the money will come in immediately after you have been granted the loan.
If you do not want to apply via the form on their website you can simply call lenders instead. You then submit your information over the phone and then the application is processed exactly the same as if you had used the Internet.
Conditions for borrowing money from lenders
As usual, there are some requirements for you who want to borrow. You must have reached the fine age of 18 and you should be registered . If you want to borrow a small amount such as USD 500 or USD 1,000 no annual income is needed but if you want to borrow more this is required. For a loan amount of USD 2,000, you must have a declared annual income of at least USD 50,000, for USD 3,000 an annual income of at least USD 100,000 and for amounts from USD 4,000 and upwards, USD 120,000 or more is required.
Lenders does a credit check to see that your finances are in good shape to borrow. You may not have any payment notes. If you find that your credit rating is low, you may be offered to borrow a lower amount than what you applied for, if you are a first-time customer.
Lenders offers the following types of loans:
- Micro loans from USD 500-3,000 for 30 days
- Micro loans from USD 4,000 – 10,000 for 90 days