BORROW LEND ABOUT US SIGN IN APPLY FOR A LOAN THAT IS HOW IT WORKS INTEREST & FEES COMMON QUESTIONS TERMS Interest & fees Credit classes & fees It is completely free to register and apply for a loan. If your loan application is approved and fully financed, you pay a brokerage fee for your loan. When you apply for a loan, you are assigned a credit class and an interest rate level based on our assessment of your repayment ability. We use five credit classes where credit class A represents the highest credit rating and E represents the lowest. The credit class determines the nominal interest rate (Table 1), which also depends on the repayment period of the loan. We carefully analyze all loan applications and approve and publish only those with a sufficiently good credit rating. The brokerage fee is a one-off fee of between 1% - 5.00% (Table 2) of the loan amount. The fee varies depending on the credit class and repayment period and is included in the effective interest rate (Table 3). Delay fees If payment is received late, a late fee of SEK 125 is paid in addition to the default interest. In the case of a written payment reminder, a reminder fee of SEK 60 is paid. If the demand for debt collection is submitted, a collection fee of SEK 180 will be added. If the invoice is not paid despite the reminder and debt collection, the case is forwarded to the Enforcement Officer, then the Enforcement Officer's fees and costs will be added and you also risk receiving a payment remark. * According to the Swedish Riksbank, July 2014 Table 1 - Nominal interest rate 6 months 2.95% 3.95% 4.95% 5.95% 6.95% 1 year 3.28% 4.45% 5.28% 6.28% 7.28% 2 years 3.62% 4.83% 5.62% 6.62% 7.62% 3 years 3.95% 5.20% 5.95% 6.95% 7.95% 4 years 4.24% 5.59% 6.38% 7.35% 8.35% 5 years 4.52% 5.99% 6.81% 7.75% 8.75% 6 years 4.81% 6.38% 7.24% 8.15% 9.15% 7 years 5.09% 6.77% 7.66% 8.55% 9.55% 8 years 5.38% 7.16% 8.09% 8.95% 9.95% 9 years 5.66% 7.56% 8.52% 9.35% 10.35% 10 years 5.95% 7.95% 8.95% 9.95% 10.95% Table 2 - Mediation fee 6 months 0.00% 0.00% 0.00% 0.00% 0.00% 1 year 0.00% 0.00% 0.00% 0.00% 0.00% 2 years 0.00% 0.00% 0.00% 0.00% 0.00% 3 years 0.00% 0.00% 0.00% 0.00% 0.00% 4 years 3.00% 5.00% 5.00% 5.00% 5.00% 5 years 3.00% 5.00% 5.00% 5.00% 5.00% 6 years 3.00% 5.00% 5.00% 5.00% 5.00% 7 years 3.00% 5.00% 5.00% 5.00% 5.00% 8 years 3.00% 5.00% 5.00% 5.00% 5.00% 9 years 3.00% 5.00% 5.00% 5.00% 5.00% 10 years 3.00% 5.00% 5.00% 5.00% 5.00% Table 3 - Effective interest rate 6 months 2.99% 4.02% 5.06% 6.11% 7.18% 1 year 3.33% 4.54% 5.41% 6.46% 7.53% 2 years 3.68% 4.93% 5.76% 6.82% 7.89% 3 years 4.02% 5.33% 6.11% 7.18% 8.25% 4 years 5.94% 8.56% 9.42% 10.51% 11.63% 5 years 5.93% 8.45% 9.36% 10.41% 11.53% 6 years 6.03% 8.52% 9.47% 10.49% 11.61% 7 years 6.18% 8.70% 9.68% 10.67% 11.80% 8 years 6.38% 8.93% 9.97% 10.93% 12.06% 9 years 6.60% 9.22% 10.29% 11.22% 12.36% 10 years 6.83% 9.53% 10.65% 11.78% 12.92% BORROW Apply for a loan That is how it works Interest & fees common questions Terms LEND Lend That is how it works Returns & fees FAQ Terms Create Account ABOUT US About Lendify Contact Us Press Free jobs Email: hello@lendify.se Phone: 020-20 30 40 © 2016 - Lendify AB Close The website uses cookies to improve the user experience. By continuing to browse, you accept that cookies are used. More information about terms and policies .