Lendo
Lendo private loan is perhaps the strongest brand in Sweden regarding loan mediation. The company Lendo AB was founded in 2007 and was then one of the few players in this market. Since then, a large number of loan brokers have been added, but Lendo private loans remains one of the most well-known and established. Lendo AB is a subsidiary of the Schibsted Group.
However, borrowing money via Lendo private loans does not work like a normal bank, but is merely a service that makes it easier for private individuals to quickly and easily find the lenders that suit them best. Lendo private loans are like a free intermediary between the borrower and the banking industry.
This is how Lendo private loans work
Lendo private loans offer a very simple loan comparison service that can effectively reduce loan costs. Via the website, you fill in a loan application. When it arrives at Lendo, a credit report is carried out and all the information goes out to cooperating banks.
Within 24 hours, the person who wants to take out a loan has information about which banks want to offer a loan and under what conditions. You can then decide which of these is perceived best and take out the loan with that bank. The money is then paid out within a few days.
It is therefore quick, easy and, above all, price-pressurizing to borrow money through Lendo AB.
The advantage of borrowing money via Lendo private loans
- Compare many banks
A single loan application is filled out and submitted to Lendo. The company then forwards this to approximately 35 banks, who must answer whether they want to lend money or not. This is based on the information in the loan application and the associated credit report. With a work effort of 3 minutes, you get loan proposals from many different banks.
- Great experience
With over 10 years of experience in the market, Lendo delivers personal loans as you would expect, and sometimes a little more. It shows in the good reviews the company has received (see below)
- A credit report
When the loan application is submitted to Lendo, they carry out a credit report on the person. It is this information that the banks also get to see. Thus, only this credit information is taken, even though so many banks are compared. Keeping the number of credit reports down is positive because it can affect whether or not you get the private loan granted.
- Also for you with a payment note
Lendo private loan also helps to compare loans for people who for some reason have a default . Admittedly, there are some limitations, such as the number of payment notices and the amount that can be borrowed. But the advantage is that you can in any case compare loans and thus get a lower interest cost.
- Borrow up to 600,000
At Lendo, you can now apply for a loan of up to 600,000 .
- Lendo business loans
Lendo has also started with business loans See Lendo business loans here!
Lendo private loans receive Very good ratings:
In a review on Sverigekontanter.se, Lendo receives 9/10 points, which reflects the judgment that loan brokers receive from many of the sites on the net that compare and review different lenders and loan brokers. What the writer highlights in this case as an advantage is Lendo’s clarity regarding both the cost of capital, which requirements must be met in order to borrow through them and who they cooperate with. As the writer mentions, not all loan brokers show this clearly. The only thing that lowers the rating in the review is that the interest rate is not presented clearly enough.
High marks are also given on Eniro’s review service . Of the total of 1317 reviews submitted in April 2017, the average rating was 4.5 out of 5. Compared to many other credit companies, they are very high. What the reviews mainly highlight as advantages is that it was quick and easy and that they managed to lower their loan costs relatively much.
We at your private loan have also written about 2 other loan brokers, Axo loan and Zmarta loan .