Borrow despite payment note

Loan and Credit is one of the lenders that has a business that offers micro loans. The company’s head office is in Stockholm. Loan and Credit is operated by Folkia AB.

Their main business idea is to offer micro loans of USD 1,000, 2,000 and 3,000 to people who can usually have problems getting approved as borrowers at other banks due to poor credit rating. Loan and Credit uses a manual check of all applications in order to determine whether or not to approve the application.

If you are a repeat customer, there are also opportunities to borrow USD 5,000 per occasion.

Loan terms at Loan and Credit

Loan terms at Loan and Credit

Their basic requirement is instead that the applicant must be registered in Sweden and have an income of at least USD 20,000 per year. If you have a payment note, it does not exclude you from having a loan application approved.

As we wrote earlier, they use a credit check to determine whether or not a loan application should be approved. If you meet the requirements we have described above, chances are very good that your loan application will be approved.

How to apply for a loan?

How to apply for a loan?

Applying for a micro loan at Loan and Credit is very smooth. You simply fill out the form they have on their website. There you can fill in social security numbers, names, telephone numbers, desired loan amount, account number etc. So basic facts for them to decide whether or not to approve loans.

Unlike many other credit institutions, Loan and Credit does not use an application code that you must obtain through an SMS. This means that you can only fill in the application online.

However, if you are a repeat customer, you also have the opportunity to apply for loans through SMS if you wish.