Apply for up to USD 6,000 interest-free the first time you borrow

Fast loans are high cost credits. You can get payment notes if you do not pay your debt. The budget and debt adviser in your municipality can advise you.

Overview

Overview

Limify is a consumer credit institution under Luma Finans AB. They are licensed and inspected by the Financial Supervisory Authority and the Consumer Agency. They are active in Sweden, but also in Denmark.

Services & products

Services & products

Limify offers credit to individuals. The amount you can apply starts at USD 2,000 and extends up to USD 20,000. The credit is unsecured, which means you can borrow exactly what you want. In other cases, this is also known as a blank loan and means that you do not secure the money in, for example, an accommodation or a car.

Interest rates

Interest rates

The nominal interest rate at Limify is 39.5%. The effective interest rate varies depending on how much you borrow and how long you take to pay back. For example, if you take out a loan of USD 10,000 that you repay in one month, the effective interest rate will be 154.26%.

The first loan you take as a new customer with Limify is interest-free the first month. If you do not pay back during the first month, interest will be added as usual.

Terms

Terms

  • Has a Swedish social security number
  • Has a Swedish phone number
  • Is over 18 years
  • Receives an approved credit report
  • Don’t have too many or too large payment notes

Service

Service

The service at Limify is very good. They have customer service that will answer your questions between 09 and 17 on weekdays. You can either email or call for extra quick answers. Usually, it doesn’t take long for them to respond if you contact them within business hours. You can also email your questions when they are closed and they will respond as soon as they open again.

You can create an account and apply for loans at all hours of the day.

Summary

Summary

Limify is a good choice for those who want to take out a small, unsecured loan. The nominal interest rate is good and your first loan is interest free the first month. The application process is very simple and smooth and you can apply whenever you want. The answers are quick and the payouts are the same. You can apply for credit and have the money in your bank account the same day. They take great responsibility for their customers and do not approve loans for people they do not believe can repay, or that would in any way damage their finances. If you get a yes at Limify you can feel safe.

  • benefits
  • drawbacks
  • Smooth and fast application
  • Quick response to your application
  • The money on the bank the same day
  • Only customer service during office hours on weekdays
  • Low credit line of max. USD 6,000 for new customers

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