Consumer loans are an umbrella term for all types of unsecured loans. These may include quick loans, mini and micro loans as well as overdraft facilities. Installment agreements are also a form of consumer loan. There you divide the payment into easier bites.
A consumer loan is not earmarked and can be used for exactly what you want. For the most part, you can also choose whether you want to spend all the money at once or raise them continuously. Therefore, unsecured consumer loans are flexible and easy to adapt to your needs.
What characterizes a consumer loan?
A typical consumer loan without collateral can be taken up quickly . The question is how fast lenders can transfer the money.
With some loans it takes 2-14 days before you have the money in your account. For others, it may take a few hours. With Loan and Credit you get the money right away.
When your loan needs to be repaid, typically it will also go fast with a collateralized loan. Usually, these loans have a short repayment period, which varies from a few weeks to a few years.
Loan and Credit has developed an unsecured consumer loan that is easy to manage and manage. Read on here and find out how our loans differ from others.
Online consumer loans from Loan and Credit – your benefits
Loan and Credit’s loans adapt to your life, and not the other way around. We are proud to offer you a fast and flexible online consumer loan that you will enjoy.
Our application process is quick , easy and clear. It takes a few minutes and a few clicks – then you’re off. We describe it step by step further down the page.
You can decide for yourself how long you want to spend on the repayment. Loan and Credit allows you to make extra payments at no cost to you. That way you can shorten your down time.
Would you rather extend your installment period? Click on interest-free months and postpone your payment. On a repayable month, you only pay the monthly interest. That way you can extend your installment period by up to 12 months.
If your loan is under USD 25,000, you can apply to raise your loan amount . It can sometimes give you more air in the economy and extend your installment period.
With Loan and Credits Consumer Loans Online gives you a lot of freedom in terms of how, when, and how much you pay off. How does it work?
Click. Check. Loan and Credit
Loan and Credit says that online consumer loans should be easy for you. That is why we have done everything digitally. You do not have to write emails and wait for answers, or stand in line to call us. Want to change something about your consumer loan? Click. Check.
When you take out a consumer loan online, you get your own digital profile . It works just like your profiles on social media. That way, you are always a few clicks away from stopping your repayments, starting them again, or setting up your loan amount.
All of these features are just your starter kit. We are constantly updating our loan management system and making it more user-friendly for you. Therefore, in the near future, you can expect even more opportunities to manage your consumer loan with Loan and Credit.
What are the requirements to apply for a consumer loan?
Before you start applying for a consumer loan without a security, there are some requirements that you need to be aware of.
To apply for a loan, you must:
- Have a national register address in Denmark
- Do not take advantage of address protection
- Have a Danish phone number
- Have a bank account with one of the Danish banks
- Be over 20 years old
- Have a Easy ID
Last, but not least, you must not be registered in the Debtor Register or RKI when applying for a collateralised loan.
Are you unsure whether you are registered with RKI? Click here and check it out directly at Experian. For the Debtor Register you can click here and get an answer as to whether you are registered.