Loans without collateral - consumer loans up to 600 000 SEK

What is a personal loan? 

A personal or private loan is a loan without collateral, a so-called “unsecured” loan. This means you won’t have to use your car or home as collateral. Different banks and financial institutions have different names for these loans, but they offer the same thing, an unsecured loan that you are free to use as you wish. 

How much can I apply for?

The amount that you can apply for depends on your financial situation and ability to repay the loan in the future. Using Lendo, you can apply for a personal loan from 10 000 SEK up to 600 000 SEK. After receiving your application, our partners, the banks and financial institutions go through the application and make a so called credit check where they look into your credit history to see if they are able to offer you parts of, or the whole applied loan amount. The loan offers will then be presented to you on Lendo.se with your individual terms and interest rates from each loan provider that has chosen to offer you a loan. Loan offers are available for 30 days, which means you have time to go through them all thoroughly.   

We advise that you do not apply for a larger loan than absolutely necessary. It is important that you will be able to pay off your debt even if you should lose your job or be on sick leave. A rule of thumb is to not apply for a personal loan larger than 90% of your yearly income.  

Why should I compare private loans?

Because interest rates vary between banks and financial institutes depending on who applies and which terms each lender has for approval. Therefore it is important to compare interest rates and loan offers from as many lenders as possible to be able to find the best possible interest rate and total cost for your loan. 

At Lendo we help you compare the lenders loan conditions and offers so that you are able to find the private loan that suits you best, and possibly save you thousands of Swedish kronor in unnecessary interest rate costs and monthly fees.   

How to apply 

It is easy to apply for your personal loan here at Lendo. Fill out the application form above, if you need help don’t hesitate to contact us at 0771-131310 and we will walk you through it. It takes about a minute to compile an application and it will be processed by up to 40 lenders as soon as it is sent in. You usually get replies within a minute, and we will email you as soon as all lenders have had the opportunity to handle your application and it is fully processed. After that you can go through your personalised offers and choose the one best suited for your financial needs. Even though offers may come in as short time as one minute, an application is not fully processed until 24h have passed, we recommend you wait until it has been fully processed before choosing.

Lendo is Sweden's largest comparison site for loans, we began our loan journey in 2007 with personal loans but are now also offering business loans as well.

Who can apply for a personal loan? 

To be eligible for a personal loan at lendo.se you need to fulfil the following requirements:

• You need to be at least 18 years old.

• A Swedish resident since at least 1 year. 

• Steady income from gainful employment or pension. 

• A yearly salary of at least 110 000 SEK. 

• Debt free to the Swedish Enforcement Authority (Kronofogdemyndigheten) for at least 6 months.  

All requirements are set by our partner banks and financial institutions. We at Lendo are not involved in the rating process and can not influence ratings or offers in any way. The applications are sent to the lenders we cooperate with, who based on their requirements and criteria decide whether to offer a prospective customer a loan or not. 

Which interest rate am I getting? 

The interest rates are set directly by the lenders that we cooperate with. Rates are set individually for each applicant and vary depending on personal prerequisites and the lender's risk assessments. The higher the risk, the higher the interest rate. The interest rate presented expresses how high the yearly interest is. In order to make it easy for you to compare between offers, we calculate the current yield, including all fees tied to the loan thus helping in comparisons. 

The current yield calculation includes all fees tied to the loan, helping you compare loans easily. The way it is calculated is regulated in Konsumentkreditlagen.    

With an annuity the total monthly cost is fixed, it covers both interest and amortization. If the interest stays the same the monthly cost does not vary during the pay-off period. 

When will the money be transferred to my account?

It can vary depending on which of our partner lenders you choose. After choosing which loan offer you want to proceed with, you will need to sign a loan agreement. This can be done by mail or digitally through BankID. It usually takes 2-5 work days for the money to be transferred to your account. Lendo can not affect the bank’s or other loan givers processes. 

How many credit reports will be taken when I apply? 

Only one credit report will be done through Upplysningscentralen (UC) when you apply for your loan through Lendo. This means that any negative effect on your credit rating will be minimal when applying for a personal loan through Lendo, even though you can receive up to 40 personal loan offers. Each lender will send you a so called omfrågandekopia to inform you of the fact that they have received your credit report, but it is still just the 1 that has been taken. 

In some cases, partners will ask additional information through Bisnode or Creditsafe to be able to have more to go on when making their assessment of your application. But these will not affect your credit rating.

I have a record of non-payment, can I still apply?

Yes. You can apply through Lendo even if you have a record of non-payment. Your application will be sent to those of our partner lenders who work with customers with records of non-payment.

All applications done through or site are non-committal, if you are satisfied with potential loan offers you may choose the one best suited for your needs. All loan offers through Lendo are available for 30 days which gives you time to make an informed decision of whether to accept an offer or not. 

Can I consolidate credit card debt and other debts?

Yes, you can. By consolidating your credit card debt or other small loans and credits through one larger personal loan you can save money. Having just one loan with a lower interest rate and only one bill to focus on each month will mean money saved and less things to worry about each month.

If you are interested in consolidating debt, please check "yes" in the box “har du lån du vill samla ihop?” when applying in the form above. If you have any questions, don’t hesitate to give us a call; 0771-131310 or send us an email to kundservice@lendo.se.