SMS Loans, Quick Loans or Personal Loan?
Many new loan forms were launched in 2006 and the same year the new loan term sms loan was introduced. Sms loans then proved to be a faster alternative to the classic private loans where the customer was expected to visit a bank office to execute their application. The advantage of SMS loans and other similar loans was that it was usually enough to send a short message to a telephone number to get their application sent off. This was one of the most popular forms of borrowing at the time, but as digitalisation and technological development move along, there are hardly any players in sms loans left in the market, at least in the Swedish market. In English-speaking countries, the trend of SMS loans remains alive, though under another term called payday loans .
Personal Loan does not work with sms loans and does not offer similar loans . As a customer with us you can borrow up to 20,000 SEK without having to be bothered with neither messages nor telephone calls. Through our simple platform you can apply for loans wherever you are – the only thing you need is access to the internet. So you can apply for a loan from Personal Loan even if you are connected through a tablet and mobile phone.
In a general comparison between classic fast loans and sms loans, Personal Loan has a unique platform where you can borrow from 1.24 percent monthly interest rates. When you apply for a loan through Personal Loan, you will receive a loan notice in your screen after the application has been completed. Money is paid out daily, which means you have good chances of getting your money paid out the same day you send your application. However, keep in mind that the payout time varies depending on when you apply, for example on red days and weekends. Ask your customer service if you are unsure. Another feature that differs from sms loans and quick loans is that you as a Personal Loan customer have access to My Pages – a portal where you can log in and manage your loans on your own. The service is open around the clock, and you log in with social security number and BankID.
If you had taken out a sms loan or a quick loan via sms you would probably have to supplement your information in a number of messages, but at Personal Loan you submit all your information in one application form. The form is open for all hours of the day and you decide for yourself what time you want to apply for a loan.
There are many benefits to borrowing money from Personal Loan. We offer a private loan where, unlike sms loans, you do not need to send any sms. Best of all, you as a customer have the freedom to self-administer your loans at your convenience. In addition, you also have access to our support that assists you when assistance is needed.