Collect your small loans
- Lower interest rates and costs
- Only one invoice
- Good savings
Collecting expensive small loans or credit card debt can put you on a better financial footing so you can pay off debt faster.
This is how we help you:
Fill in the application form
It only takes a few minutes and is completely
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you for a
no-obligation quote.
Lower interest by combining small loans
If you have several small loans or credit card debt today, there is no doubt about what you should do. You can save many thousands by collecting expensive small loans. You can obtain information from The debt register, where you get a total overview of which expensive small loans you have. Then you add these different credits together and apply for one consumer loan. We obtain offers for you on refinancing.
The interest rate on consumer loans is often lower, up to 10% lower than the interest rate on credit cards. You will have fewer bills to deal with, and you can save a good deal on the fees small loans often have.
Why is it smart to collect small loans?
Collecting small loans can be a good solution if you want a better overview of your debt and a better interest rate.
It’s important to remember that refinancing doesn’t remove the debt, but helps you pay it off faster at a lower cost. It may be a good idea to compare offers from different lenders to find the best loan for you. Talk to a financial advisor before deciding to refinance your debt. Is it profitable for you or not?
Loan examples:
Consumer loan - up to 600,000
Refinancing - up to 800,000
SEK 95,000 over 5 years
effective interest rate 10.58%
cost: 23.288,-
Total: 119.283,-
Etb. geb 995,-
Max. effective interest rate 35,5%
Max. repayment period is 5 years
200,000 over 8 years
eff. interest 9.79%
cost: 80.688,-
total: 281.683,-
Etb. fee NOK 995.
Max. effective interest rate 34.85%
Max. repayment period: 15 years
What is defined as a small loan?
Small loans are also known as consumer loans or unsecured loans. This type of loan often has a higher interest rate than other types of loans, such as mortgages and car loans. This is because the bank has no collateral that can be collected if the loan is not repaid as agreed. Small loans are intended to be repaid over a shorter period. Unfortunately, this can be difficult for many borrowers and the loan can grow larger than expected.
Then collecting small loans can be a good solution. You get a better overview of your debt and lower interest costs.
Why it pays to collect small loans
When the bank assesses a customer’s borrowing capacity, it is the total income and expenses that count. A customer will get a much higher mortgage if the expenses for consumer loans and credit cards are reduced. In addition, it looks better on your tax return to have one consumer loan than six different small loans and credit cards.
This affects the bank’s overall perception of you as a customer.
Are you a person with a tidy economy, or someone who takes out credits whereever you can? Therefore, it pays to collect expensive small loans.
Advantages of bundling small loans
Bundling small loans has both advantages and disadvantages.
Advantages:
→ Lower interest costs and fees by combining all your small loans into one larger loan, with a lower interest rate.
→ Better overview of your personal finances because you will have everything in one loan.
→ Easier for you to keep track of payments and repayments with one loan.
→ Paying off debt faster reduces the total cost of your loans.
→ Another advantage is that you can reassess what you are able to pay per month. You may want to pay more on your debt, even though this may result in a higher monthly amount.
A disadvantage of collecting small loans is that many people think that they will get rid of old debts by collecting the loans. However, this is not the case, as you are instead replacing the old debt with new debt. The goal of collecting small loans is to get a lower total cost, not to get rid of the debt completely.
Collect small loans calculator
Totalbeløp
Kostnad
Etabl.gebyr
Termingebyr
Effektiv rente
This is how we help you:
Fill in the application form
It only takes a few minutes and is completely
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you for a
no-obligation quote.
Free and fast case management
With us, you will be assigned a dedicated advisor who will help you every step of the way. After
a pleasant conversation with you, we map out your financial situation.
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