If you have not already heard of the highly acclaimed SMS loans, we can guarantee you that this type of loan is the fastest way to borrow money if you need a little extra on your account – perhaps because you are in a crisis and need to loan 4000 now . In short, an SMS loan is a short loan that you can apply for via your phone – but also online. It is also one of the reasons why the SMS loan is so flexible. So you can record the loan wherever you are in the world, and the only real requirement is that you have a reliable internet connection and your NemID.

An SMS loan is not only flexible, but it is also one of the fastest types of loans online. It is of course a prerequisite that your application be approved, but if so, you can also expect that you have the money for free use after a maximum of one day. Where in the past it was not abnormal to go and wait for several days for the loan to come in, today you can be glad that it usually does not take more than a few hours. It is also one of the reasons why so many Danes today prefer a SMS loan or another quick loan rather than a regular bank loan – simply because a quick loan is the perfect solution if you are in an emergency situation.

How to borrow a SMS loan

When you take out a sms loan, there is usually no requirement that you provide security for the loan. Providing security for a loan basically means that you do not have to deposit your belongings. If you are faced with a situation where you are unable to repay the loan on time or if your situation changes, then you need not worry about losing all your belongings of value.

For this reason, many people also prefer to take out a loan without security, as they do not have to worry about whether their things may be lost. However, this option is usually not possible if you need to borrow a larger amount.

The loan process itself

When you want to borrow money with an SMS loan, it is first and foremost a condition that you sign up for the loan provider’s website. You do this by entering all your personal information and signing with your NemID to confirm your identity. Once that is done, it means that your user profile has been created and your information is saved if you need to record a loan at a later date.

From here you will have the opportunity to borrow a loan via the website or by applying for the loan via your mobile phone. How this works exactly varies according to the provider you choose, and here you need to be aware that the individual providers may have different systems. However, this process is usually quite easy to follow, and should you need help, you can always call your loan provider who will help you through the process itself.

What are the criteria for the loan provider?

No matter what type of loan you are looking for, you must be aware that the individual providers make different demands on you as a borrower. That being said, there are of course a few basic requirements that you have to live up to. As a rule, it is a requirement that you are a citizen of Denmark and can prove that you have been resident in the country for the past 12 months. In addition, you must of course have a Danish bank account, and in order for the money to enter your account, it is necessary that you sign your application with your NemID.

Usually, you do not have to worry about providing security for the loan. This is because, with an SMS loan, you can only borrow up to DKK 10,000, and only a few providers intervene in why you want to borrow a loan.

When you want to borrow an SMS loan, it is essential that you are not registered with the RKI. RKI is a register of all bad payers in Denmark, and it is therefore only few providers who want to run the risk and lend money to people who have not previously paid their debts.

How much can you borrow?

An SMS loan is an ideal solution for those who do not need to borrow a larger amount. Usually, it is usually not possible to borrow more than DKK 10,000, which makes this the perfect loan for those who need the money in the account the same day, but who on the other hand do not need to borrow a large and expensive Loans that you will be hanging on for many years in the future.

One of the main reasons why it is only possible to borrow up to DKK 10,000 is that the loan is usually repaid within a very short time. Most repayment periods are under one month, so it is crucial that you are completely confident that within the next month you will be able to repay the full amount.

Get started with a SMS loan today

If, after our article today, you have been wanting to record a SMS loan, there are fortunately plenty of opportunities for this on the web. Fortunately, submitting an application is neither difficult nor time-consuming, and the best part is that it is completely non-binding. This means that you can in principle obtain as many offers as you like and review them each. Once you have found the offer and the loan that best suits you, you just have to sign the agreement with your personal NemID and wait a few minutes for the loan to enter your account.