Consumer Loan Broker, what is it?

Consumer Loan Broker, what is it?

This year (2017), a new type of private / consumer loan / unsecured loan company has flourished. These are loan intermediaries. Read about 3 top loan intermediaries in Norway here! You’ve probably seen several of their commercials on TV. Reading that has been going for a long time. But it’s not just Reading that offers such a service. This year, there have been very many players on the market who all offer loan brokerage and more collaborations with far more banks than LendWe does.

A loan intermediary is an intermediary between the borrower and the banks. You can visit a loan broker and give them a loan application which they then pass on to their business partners. There may be as many as 16 to 17 banks receiving your inquiry. Loan S-Maker is a loan broker that sends your application to 16 banks. Many different well-known Norwegian banks and lenders.


Benefits of using a loan intermediary

consumer loan

The great advantage of using a lender when you are borrowing money is that you get to see exactly what terms each bank can give you, before entering into a loan agreement with one of the banks. This can provide a good basis and the opportunity to compare many actual loan offers. Since the terms for consumer loans in Norway are currently assessed on an individual basis, and how much you can borrow and at what rate is adjusted for each borrower, one can first get the best basis for comparing consumer loans after applying for and obtaining loan offers from each Bank. This is very time consuming, if you do not use a loan intermediary, which will make it completely free of charge and no obligation for you.


Does it cost anything?


No, it is very gratifying to announce that it does not cost a penny to use any of the loan intermediaries, which you will find information on here at Credit & MoneyLoan. Have also not read or heard that it should cost anything with other loan intermediaries than the ones you find on this site. You can check this on the official websites of each loan provider before applying to be sure.


Non-binding application


You get offers from interested banks and choose the loan with the lowest interest rate or which is best otherwise, for you in your situation. The loan offers can be valid for around 30 days so you have a good time to consider which of the offers you want to use.


How much can you borrow?

Between USD 5,000 and USD 500,000. Loan S-Maker provides loans between USD 5,000 and USD 500,000. Supfinance, from 50,000 to 500,000 dollars.


What can the money be used for?

money loan

You can use the money for exactly what you want. Whether it is renovation, holidays, merchandise purchases, or refinancing of credit cards and small loans does not matter. Except that borrowing money for gambling is not allowed, there are no restrictions on what you can spend your money on.


How long does it take?

It takes no longer to get a loan through a loan broker than if you go directly to each bank.