Borrow money in 2022
Profilkredit does not offer SMS loans, but because our website is mobile-optimized, you can borrow money from your mobile phone, tablet or computer. You do not borrow directly via SMS, but you can make the entire loan application online via your mobile phone or tablet.
We are committed to giving you the best possible experience when you take out a loan with us, which is as similar to a quick loan as possible but simpler. Therefore, we also try to pay out the money as quickly as possible and offer a high enough amount to cover your expenses.
We offer loans to people who need a loan for e.g. an unexpected expense. Then there are many who had turned to SMS loans and therefore we try to help and offer a better alternative. This is also why we have chosen not to require any collateral, unlike other loan providers.
If you are not sure if you want to take out an SMS loan, you should instead consider our quick loan as an alternative, you can borrow up to SEK 50,000.
Why quick loans instead of SMS loans?
In the past, it was common to take out an SMS loan when you needed money. But since our website is mobile-optimized, it’s just as easy to apply for a loan here – and without the disadvantages that come with an SMS loan, of course. All you need to be able to apply for a quick loan with us is a mobile phone or tablet. If you are on holiday and feel that your account is getting empty, you can apply for a loan at Profilkredit and have access to the money as soon as possible. Best Online Loans Instant Approval Without Going Through The Painful Process Of A Credit
A better alternative than SMS loan
If you want to be sure that you get a lower loan cost, make sure to borrow as low amounts as possible and a short repayment period. It usually gives a greater chance that your application will be approved than if you apply for a high amount. You can borrow from SEK 10,000 to SEK 50,000 at Profilkredit. Most people usually borrow 10,000, 15,000 or 20,000, but it is of course up to you how much you want to borrow. At the same time, you should also check how much time you need to repay the money.
Borrow money without collateral
At Profilkredit, we don’t ask difficult questions so that you can take out a loan. If you’ve tried to take out a regular bank loan, you know how demanding it can be to go through the process. We at Profilkredit believe that it should be easy to take out a loan, and that is why we have made it as smooth as possible for you.
You must be at least 20 years old to be able to register for a loan with Profilkredit, and we don’t ask any questions about how you should spend your money. If you go to the bank and ask for a loan, you need to tell us exactly what you need the money for. Whether you need the money for the rent, a city trip or something else.
Advantages and disadvantages of quick loans
There are various advantages and disadvantages to taking out a quick loan, but there are significantly more advantages than disadvantages. We have tried to collect the various pros and cons of a quick loan.
- Direct payment
- Easy to apply
- No security is provided
- Use the money for whatever you want
- Borrow from us, even if you can’t borrow from the bank
- With us, you can in some cases borrow if you have payment complaints
- Flexible repayment
- Safer with quick loans than SMS loans
- The interest rate may be higher for other loan companies
When should I borrow money?
Payday loans can often help deal with urgent financial problems which may include:
Consolidate your current loans
Many take out a loan to consolidate their current loans. When you apply for a loan and use it to pay off several other loans or credit cards, you’re combining all of those outstanding debts into one monthly payment, making it easier to figure out a time frame to pay off your debts without getting overwhelmed.
Home Renovation
A quick loan can be a good option to pay for home remodeling, whether you want to put on a new roof, install solar panels or remodel your kitchen.
Moving costs
You probably don’t need to take out a personal loan to move a short distance. However, if you are facing a long-distance move, the costs may be expensive enough to apply for a personal loan. With a little extra money in the account, you can move your things from one place to another, buy new furniture for your new home, transport your vehicle across the country and cover any extra costs.
Pay medical bills
Medical expenses are another important reason why people take payday loans. Common medical treatments that may require you to borrow money are, among other things, dental work, cosmetic surgery, fertility treatments, and other procedures. Additional costs such as medical travel, parking, medications, service animals, and aftercare can also be effectively financed with a quick loan.
Appliance purchases
Household disasters can affect anyone. If you suddenly need to buy a new washing machine and dryer but don’t have the money to hand, a quick loan can be a good solution.
Vehicle Financing
You can also apply for a quick loan when you are considering a major purchase such as a car, boat, or recreational vehicle. Examples of other large purchases that may require a loan are caravans, motorcycles, snowmobiles, and horses (including trailers, saddles, and other riding equipment).
Wedding expenses
In some cases, it is a good idea to take out a quick loan before you get married. A wedding loan can be used for larger costs such as venue hire and the bride’s dress, as well as smaller expenses such as flowers, photography, the cake, and a wedding coordinator. You can also consider paying for the engagement ring with a payday loan. If you don’t want to empty your savings account, you can consider a quick loan so that your engagement and wedding will be exactly as you always dreamed of.
When should I not consider using a payday loan?
Quick loan products can be suitable for emergency situations. However, there are certain occasions when a quick loan is not recommended. Examples of such situations can be:
Maintaining an expensive lifestyle
Do you like having expensive gadgets, high-end phones and regularly eating at expensive restaurants? If you cannot afford luxuries for everyday life, a quick loan may not be a good solution to your life situation.
Making a big purchase that you really can’t afford
If you have to borrow to buy something you can’t pay for at once, it’s often a bad idea to borrow money for it – the interest cost will increase the total cost. The best way to buy expensive items you want is to save over time so that you can pay immediately and not commit to paying expensive interest for months or years.
That you don’t have your expenses under control
If you’re trying to live well beyond your means, a payday loan could theoretically solve the problem in the short term. But in the long run, you’ll make all your monthly expenses even more expensive by paying interest on them – meaning you’ll have to lower your standard of living even further in the future to live within your budget because some of your money goes towards paying off your debt.
