LoanStep

SaveLend

About this app

With LoanStep's app, you can apply for a loan and receive notifications directly in the app. If your application is approved, you can have the money in your account the same day. You can also see the status of ongoing loans, when the next payment is due and how much you have left to pay.

LoanStep mediates loans without collateral, colloquially known as blank loans. In short, it can be said that this means that you as a borrower do not have to provide any collateral in exchange for your loan, such as a car or home. The loan broker, in this case LoanStep, instead bases your loan application on your ability to repay the loan on time.

Here's how the application process goes:

1. You apply to borrow money directly in the app.
We offer loans of SEK 10,000, SEK 15,000, SEK 20,000 and SEK 25,000. The repayment period is 36 months. However, you can repay the loan whenever you want.

2. We process your application digitally.
You start by logging into the app with BankID. You then have to fill in information about your financial situation, the purpose of the loan and finally you approve our terms and conditions. You must also answer our Know Your Customer (KYC) questions that we are required to ask under the Anti-Money Laundering (AML) Act. Once this has been done, a credit report is taken and if your application is approved, you can choose to which account the money should be paid. Finally, we do a manual check of your financial situation to make sure that you have the ability to repay the loan.

3. The money is paid out to your account.
If you submit your application on a weekday before 12:00, you will receive a notification from us already the same day, and if your loan is approved, the money will be in your account by 17:00 at the latest. If you apply on an afternoon/weekend, you will receive a response from us and (if your application is approved) the money in the account the next banking day.

Keep track of your loan in the app.
You who already have a loan with us can use the app to review your current loan. You can see credit amount, debt today and when the next payment is due. You can also choose to take a closer look at your payment plan, repay the loan in full or insure your loan. Under settings, you can manage your direct debit.

Contact customer service or take part in our loan school.
If you have questions or concerns, you will find contact details for our customer service directly in the app. You can also learn more about finances in LoanStep's Loan School, where we go through everything you should know about how interest rates work and why a budget is a wise option.

Annual credit interest rate and effective interest rate.
A loan taken on 2025-01-01 with a credit amount of SEK 27,500 at 21.48% variable annual credit interest with a repayment period of 36 months that is repaid through 36 installments of approx. SEK 1,043, gives an effective interest rate of a total of 32.49%. The total to be paid is SEK 40,043, of which SEK 2,500 is the credit brokerage fee for the credit brokerage service SBL Finans AB provides. Maximum effective interest rate is 32.49%. The shortest repayment period is 36 months. The longest repayment period is 36 months.