Guaranteed personal loans in Sweden are those that are approved no matter what your credit rating is. Many lenders now offer guaranteed personal loan approval subject to a few conditions. Firstly, you will have to be a permanent resident of the country. Secondly, you must have a stable job or a source of income that will enable you to pay off the debt. Lastly, you must be over the age of 18 or 21 (depending on your local laws and conditions of the lender).
Benefits of Guaranteed Personal Loan Approval
Very easy to gain approval- as discussed above. Whether you have a poor credit rating or have no credit rating you should be approved automatically, provided you have a good income.
The money will usually be deposited in your bank account within a few days of approval.
It is very easy to apply for a guaranteed personal loan in Sweden. All you have to do is visit the websites of some of the major lenders and fill out some online applications. Most lenders do not require you to fax any information, so this kind of loan is basically a blancolån utan UC.
Things to Consider Before Applying
Guaranteed personal loans usually have very high interest rates which means you could be paying off a large debt for many years.
This type of personal loan has high fees. If you default on a repayment you will be usually slugged with a high penalty. Make sure you only take out a personal loan if you are certain you can meet all the repayments on time.
Limited flexibility. The lender will often not let you choose the length of the loan or how much your monthly repayments will be.