Monthly Archives: December 2018

How to borrow money via payday loan in Sweden

Swedish credit cards

As in Denmark, it is also possible to get credit cards in Sweden as an alternative to traditional loans. When you use the credit card, you will be deducted from your credit. You only borrow the exact amount you have purchased. Credit cards can, therefore, be a better choice than ordinary loans if you regularly need to borrow small amounts.

Loans from private

Here, there are no direct loans between private individuals, but it is still private borrowing. We have gathered providers offering payday loans where the money comes from private. You own the loan at the provider, but the money for the loan comes from other private individuals. If you have money left over, you can get a good interest rate if you borrow money to the provider. The actual provider is thus a kind of intermediary who guarantees the loan, but the money comes from private individuals and is lent to private individuals.

Collective loans in Sweden

If you already have several different loans, then fees may apply. easily run up in a lot of money. Therefore, it may make sense with a collateral loan, where all the previous loans are redeemed and instead collect in one major loan with lower interest rates and fewer fees.

Financing of houses in Sweden

We have now reviewed all the many possibilities for consumer loans in Sweden. However, if you have bought real estate in Sweden, it is probably a completely different type of loan that you are looking for.

In Denmark, you will often take a mortgage when you buy real estate. However, this is especially for Denmark and is not found in Sweden. You can not borrow money abroad with mortgage bonds. Nor can you take a Danish mortgage loan for a Swedish residence. It is possible to borrow in their Danish bank for purchase of property in Sweden, but often you will get better terms with a loan in a Swedish bank. For example, it is usually in Sweden to take 50-year loans for housing purchases, and 60-year loans are possible.

In Swedish banks, you must pay at least 15% of the property for purchase. Ie that you can only borrow 85% of the value of the property. By comparison, Denmark can borrow 80% of the value of the property through mortgage bonds, while borrowing the last 20% in the bank. However, this applies to house purchases in Denmark. If you borrow from a Danish bank for home purchases in Sweden, you will probably be met with the same requirement for a maximum of 85% loan.

The Swedish mortgage is often divided into 3 parts. A loan of 70% with a long maturity (often 50 years), a 15% short term with a short maturity (often 10 years), and your 15% payout, which you can not borrow from the bank. The percentages here may differ in your bank and possibly. depend on your credit rating.

The mortgage loan is regarded as the safe part of your loan. If your home is to be sold, you expect to be able to get these 70% back, ie that the selling price is at least 70% of your purchase price. Therefore, the base loan can be made at a reasonable rate. Often, the loan is divided into several parts with different interest periods. This is to make your loan less sensitive to interest rate hikes. If interest rates go up, it’s not your entire mortgage loan that rises in price at once.

The top loan has a higher interest rate than the base loan. It is more uncertain whether your house can be sold to at least 85% of your purchase price. Therefore, this part of your loan is at higher risk to the bank. This means that the bank takes a high-interest rate to cover uncertainty. They have to make money here that can pay for cases where the buyer can not pay back. For the same reason, you make this part of the loan significantly shorter, so you can quickly get rid of the expensive part of the loan. It is both in the bank’s and buyers’ interest to lower the loan to 70% of the value of the property as soon as possible. This makes the loan cheaper for you as a buyer, and it lowers the bank’s risk as the likelihood of loss of a sale will be much less.

If you can not obtain a bank loan in Sweden or in a Danish bank, you sometimes use a sales bank. The seller is interested in selling the house, and since you can not borrow from the bank, the seller is willing to lend you some of the money instead. It is called the seller mortgage, as the seller just gets a mortgage in the property. Ie If you do not repay the loan to the seller, then the seller can take over the property again.



Compare car insurance can help save

It is common nowadays to save everywhere where it is possible. This concerns at least the average consumer. There are numerous ways to save, for example, purchasing special offers, changing electricity providers or making a comparison of the car insurance Switzerland .
Such a comparison is usually possible once a year, in exceptional cases more often. For example, if you sell your vehicle, the new car can be insured by a new insurer. The same applies if the current insurance comes into effect because of a loss.

Photo: Benjamin Klack / 


Compare several car insurance with each other

That’s a relatively simple thing. You only need to register or sign up for a comparison portal on the Internet and click on “Compare car insurance “. After the most important data such as name, date of birth, place of residence etc. are entered, the comparison can be carried out.
Subsequently, with the help of an insurance calculator the best auto insurance can be found.
Again, the computer must be fed with important data. Once these have been entered, the insurance calculator calculates eligible insurances within a few minutes. These are listed by a table, you just have to print them, then the different offers can be compared in peace.
If you have found the best insurer, nothing stands in the way of a change to the new insurer. Only complete the application form on the PC, then send it to the new insurer by e-mail. The termination at the old insurer takes over the new insurance. The new insurance policy will be sent by post.

Points to note 

You should always keep in mind and keep in mind, the cheapest insurance is not always the cheapest. The decisive factor is always the price and performance ratio. What good is a cheap car insurance if the services are poor?
Always read the fine print here!

For example, what good is a cheap comprehensive insurance if the excess is disproportionately high?
Also, once a year, an accident should be free, without you immediately classified several classes higher. A free, detailed and non-binding advice should also be a matter of course.

Conclusion: A car insurance can help you save money. After all, no one has to give away his well-earned money. Ultimately, it is always important that the price and performance ratio is right. A good price-performance ratio decides whether it is a good insurance or not.