FOREX Loan (the low-cost, low-interest, unsecured loan) previously had a limit of SEK 200,000. FOREX Bank is now raising that limit to SEK 350,000!
An unsecured loan means that the person taking the loan doesn’t need to back it with fixed assets in order to borrow the money. The low interest rate is between 3.93% and 11.43% and your rate is set according to an individual credit rating. If you borrow e.g. SEK 350,000 over a period of 10 years at a rate of 6.13%, the effective rate will be 6.50% including start-up and statement fees. If you choose to pay the loan by autogiro (direct debit), you won’t be charged a statement fee.