We’ve helped thousands of customers get online loans for bad credit
It is incredibly easy to apply for an online loan for bad credit. Everything goes online and it takes almost no time. You fill out an application online – a loan application that takes a maximum of 15 minutes to complete. If your application is approved, you will receive a non-binding offer in your mailbox. You approve the loan by, again online, signing with your NemID. And every day after you sign, you will receive the money on your NemKonto. It is therefore completely non-binding to apply for a Medley loan, and no agreement of any kind is entered into before you sign with your NemID. Therefore, you can safely try your luck and apply for loans. Then you can decide whether you can accept their loan terms once you have received a loan offer over email. Then if you decide to take an online loan for bad credit, you can read more info.
Though it is extremely easy to take a Medley loan and you do not need to provide any security. Moreover, there are a number of requirements for borrowers from Medley loans. For example, you must be a Danish citizen and have a residence in Denmark, you must be over 25 years old, you must have a permanent job. In addition, you have to earn more than SEK 150,000 a year before tax. And of course, you must not be registered as a bad payer at RKI just as you must, of course, be over 18 years of age and age.
In addition, it is by no means impossible to apply for a new small loan as an individual. The chance to get approval to borrow the money is much greater if you apply with another so that you are two borrowers who are liable for the loan. Of course, what requirements are made for you as a borrower depends on how much you want to borrow. If you want to borrow less than SEK 20,000, no documentation is required, except that you must use your NemID when signing the loan. If you want to borrow more than SEK 20,000, you must use a payslip as documentation.
Advantages of borrowing money from Medley Loans.
There are many benefits to taking a Medley loan over a bank loan. In any case, it is much easier. You do not need to have an awkward conversation with a bank advisor but can apply for the loan at home from your sofa on your own computer. And then it is entirely up to you what you want to use your newly acquired loan for. At Medley Loans, they do not care whether you spend the money on a trip or invest the money in something more responsible.
At the same time, of course, it is also up to you how much you want to borrow today – as long as it is between DKK 3,000 and DKK 75,000. Another advantage of Medley loans is that it is extremely strong. You will receive your approval or rejection within 30 seconds of submitting the application. And if you get approval, you have the money every day. Further, if you borrow today, you can wait to withdraw from July 1. And then you are always welcome to pay more than agreed. Then you can save some of the interest if you suddenly get money between your hands.
What should you as a borrower be aware of before applying for a Medley Loan?
Although consumer loans are extremely easy and tempting to apply for, there are things that you should consider before submitting your application to Medley Loans. Taking a consumer loan is not merely an advantage. It can be a hugely effective solution for making some money for unforeseen expenses or the like. But precisely because the loan provider has no security from you, the interest rate will obviously be considerably more expensive than with a regular bank loan. Therefore, before submitting your loan application, you should consider how much money you can spend each month.
When you borrow money anyway, it can be very tempting to borrow as many as possible. But keep in mind that the more money you borrow, the longer it takes to repay the loan. So the more money you have to pay in interest. Therefore, it is a good idea to use Medley loan’s loan calculator. It is incredibly easy to use. Just enter the amount of money you want to borrow, and how many months you will spend on repaying the loan. Then, the loan calculator shows you your monthly benefits for a certain number of years, your total costs and the total repayment amount.
Advantages and disadvantages
So there are both advantages and disadvantages in taking a consumer loan. It is incredibly easy, and it goes incredibly fast, but it is also a lot more expensive than a regular bank loan. At the same time, it can be both an advantage and a disadvantage that no one is responsible for what you expect to spend on your borrowed money. Therefore, there are some things you need to take into consideration before applying for a consumer loan. But if you, after making you your considerations.