The mortgage institution Good Finance offers its customers micro loans up to USD 10,000. The first time you borrow money from Good Finance, you have to submit an application online.
If you then wish to borrow money from them again, you can also choose on an application via mobile, which then makes it all an SMS loan. This assumes that your account number and phone number are unchanged since you last borrowed.
When it comes to the maturity of a loan with Good Finance
This varies depending on the size of the loan. The smallest loans (up to USD 5,000) have a maturity of 30 days. For loans of USD 6,000 and USD 7,000, you can control the maturity of your choice, either 60 or 90 days. If you choose the longer term, you will receive a lower monthly cost, but the total price will be higher. Loans of 8,000 up to USD 10,000 are always valid for a maturity of 90 days.
Something that may be a little interesting to know is that Good Finance offers its customers to extend the loan by 14 days. Of course, you have to pay extra for this, but if you probably do not have the money required when the maturity has expired, this can be an alternative.
Conditions for borrowing from Good Finance
To borrow money from Good Finance, you must be at least 20 years old. You must be registered in Sweden for at least 2 years back in time. If there are active payment notes, this will make it impossible for a loan. Furthermore, you must have a registered mobile phone subscription or a personal account with Nordea. An annual income of at least USD 24,000 must and must be taxed for Good Finance to consider lending some money.
Something that differentiates Good Finance from many other lenders dealing with micro loans is that they do not require any previous loans when you want to borrow their largest amount. You can borrow up to USD 10,000 for the first time, provided that the credit check carried out is completed.
Good Finance offers the following types of loans
- Micro loans up to USD 10,000.
- SMS loans up to USD 10,000 for repeat customers.
Below you will find a link that goes directly to Good Finance’s website. There you can find exact information about exactly this lender’s various services. If you want to borrow money, this is also the way to go.