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Getting a private Loan

Pay it off ealier

silva
post 29.Sep.2018, 11:12 AM
Post #1
Joined: 15.Dec.2015

Hello my friends!

I have another question regarding banking this time about Private loans.I'm in the process for buying a house.already discussed with a bank and I need to find 15% from the loan amount as cash.I'm in a bit hurry for moving out from the rental apartment so I was thinking about getting a private loan from another bank and fulfill the 15% requirement.
The bank I choose for this I*A banken.but I need to know one thing before I apply online.

The question, Is it possible to pay more into the loan account whenever I wanted and reduce the loan amount.for ex- lets say I borrowed 100,000SEK for 5 years and the monthly installment will be 1900SEK.Now I want to pay 3000SEK or more every month.Does this allowed by the bank?

Thanks!
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john.boy
post 1.Oct.2018, 05:48 AM
Post #2
Location: Stockholm county
Joined: 27.Sep.2017

Check with the mortgage lender that they will still be open to offering a mortgage when you have an existing debt (the 15% you want to borrow).
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wondering_again
post 1.Oct.2018, 10:31 AM
Post #3
Joined: 12.Feb.2014

Yes you can pay the loan faster but this is better to be negotiated with the original bank you will take the loan from. Otherwise the first bank can deny your mortgage as you now have new loans and it is a blanco lån and it affects your credit.
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silva
post 2.Oct.2018, 07:43 AM
Post #4
Joined: 15.Dec.2015

Thank you guys, for the information.
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Caulfieldjr
post 28.Jan.2019, 01:19 PM
Post #5
Location: Stockholm
Joined: 28.Jan.2019

I'm looking into applying for a private loan, however I'm still puzzled about the 'UC' - how bad is it to get several registered "look-ups"? I've been comparing several lenders here but don't get if its OK to apply for offers from 4-5 different lenders without getting any punishment.
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