Best Loans Without UC in Sweden (Loans Without Credit Check)

Best Loans Without UC: Get A Loan Without Credit Check In Sweden (2024)

Is it possible to get loans without UC in Sweden? UC (Upplysningscentralen) is Sweden’s largest and most well-known credit reporting agency. Many banks and lenders check this database before offering a loan to determine an applicant’s credit history and financial reliability. However, this can be really tricky for people who are new to the system or simply didn’t have the time to build up a credit score just yet. In those cases, a credit check wouldn’t make sense and only result in the application being rejected.

Over my past 15 years in Sweden, I’ve seen many friends and relatives seek these type of quickloans, or “easy” loans, with simpler paperwork and less hassle. It can be a great alternative if you need the money immediately and plan to return it soon. Maybe to cover some quick unplanned expense or project that popped up unexpectedly.

In this article, we explore the best loans without UC checks in Sweden. These loans typically have higher interest rates than those requiring a credit check, but they are simpler and don’t ruin your credit history if you need money quickly. Let’s get started in!

Disclaimer: When building this list, I only considered loans from institutions you can trust, not from institutions that come and go, are sketchy, or are reselling poor products at a higher interest rate.

LEASY Logo (2023)

From 5.000 kr to 50.000 kr
Up to 6 years
Interest between 9,84 – 21,6%

Ferratum Logo (2023)

From 1.000 SEK to 45.000 SEK
Up to 3 years
Interest up to 43.5%

Extralånet Logo (2023)

From 10.000 kr to 50.000 kr
Up to 10 years
Interest up to 30%


Advantages of Loans Without a Credit Check

Privacy: Every time a lender makes a UC check, it’s recorded. Multiple checks can give an impression of financial instability, even if the customer merely shops around for the best rate.

Rejected Applications: If someone has a less-than-perfect credit score or a recent history of many credit applications, they might face rejection from institutions that strictly adhere to UC guidelines.

Immediate Needs: Some loans without UC checks are processed faster because they bypass the time-consuming process of checking the UC database.

Types of Loans Without UC

when looking into these loans, keep in mind that there are different types. Pay attention to how they work, and how the institution says they are lending money to you.

SMS Loans or Quick Loans: These are small, short-term unsecured loans. Given the smaller amounts and shorter durations, many lenders are willing to ignore the UC check. However, they often come with higher interest rates due to the perceived risk.

Peer-to-Peer Lending: Platforms like Lendify or Trustbuddy connect borrowers directly with individual lenders, bypassing traditional banking institutions. This direct approach can often sidestep the usual UC checks.

Private Lenders: Some private institutions or individuals may be willing to lend money without UC checks based on other securities or based on personal trust.

Best Loans Without UC In Sweden


LEASY is one of the simplest ways to borrow money quickly for an extra purchase, such as a phone, a TV, a bike, or even for home repairs. You can take a loan up to 50,000 kr for a rate between 9,84 – 21,6%.  With LEASY the loan is on your terms: You decide for yourself what you want to spend the money on, they put the money in your account, and you decide how much you want to pay back every month, depending on the amount and contract length.

LEASY Logo (2023)
  • Loan Amount: From 5.000 to SEK 50.000 SEK.
  • Duration: Varies, but terms can range from 1 year to 6 years.
  • Interest Rate: Variable. As with any loan, checking the exact terms and conditions for the most accurate and current rates is crucial.
  • Features:
    • User-friendly online application platform.
    • Various loan products cater to different needs.
    • Transparent terms and conditions.
    • Competitive interest rates in the no-UC-check market.

Representative example: A loan of SEK 90,000 at 21.60% fixed interest with a repayment period of 84 months, with 84 installments of SEK 2,100 and SEK 595 in arrangement fee (which is added to the loan) as well as SEK 19 in administration fee, provides an effective interest of a total of 24.59%. The total to repay is SEK 177,992.

Your monthly cost: SEK 436 – 610. Fixed interest rate 9.84-26.88%. Effective interest 13.79% – 32.49% Total amount to pay SEK 27.297 – SEK 37.657 SEK. Duration min 12-max 84 months. Maximum effective interest rate 32.49%. An administration fee is added on top of the monthly amount (max. SEK 19/month with direct debit, otherwise SEK 45/month).

LEASY - One of the best loans without UC.

2. Ferratum

In Sweden, Ferratum provides Swedes with quick access to funds without the traditional bureaucratic processes of conventional banking institutions (and a hefty credit check through UC). Over the years, Ferratum has been recognized for its quick loan processing and customer-centric approach. Ferratum Group was founded in 2005 in Finland and offers a range of financial products, including microloans, personal loans, and lines of credit. Their digital services allow customers to apply for and manage their loans online or through mobile platforms.

Ferratum Logo (2023)
  • Loan Amount: From 1.000 SEK to 45.000 SEK
  • Duration: Between 30 days and 3 years
  • Interest Rate: Variable, based on the loan amount and tenure.
  • Features:
    • Quick online application process.
    • Immediate decisions in most cases.
    • Flexible repayment options.
    • No hidden fees.

Representative example: For a loan of 10.000 SEK for 12 months, total amount to repay SEK 12,145 (average 1012 SEK per month). Effective annual interest rate: 47.64%. Account credit with variable nominal annual interest of 39.60%. Other fees: Setup fee SEK 0. Withdrawal fee SEK 0. With an account withdrawal of SEK 10.000, the 30-day loan cost is SEK 330.00 (daily interest rate 0.1085%) and the minimum repayment per month is SEK 400.

Ferratum - One of the best loans without credit check.

3. Extralånet

Extralånet offers private individuals with loans from SEK 10.000 up to SEK 50.000 with up to a 10-year repayment period. Sign securely with BankID. The extra loan Kredit follows the guidelines of the Swedish Financial Supervisory Authority and the Swedish Consumer Agency and has all the necessary permits from the Swedish Financial Supervisory Authority.

Extralånet Logo (2023)
  • Loan Amount: from 10,000 to SEK 50,000 SEK.
  • Duration: Flexible, typically between 1 and 10 years.
  • Interest Rate: Variable.
  • Features
    • Tailored loan offers based on individual financial situations.
    • Fast processing, making funds available swiftly.
    • No upfront fees.
    • A digital-first approach ensures a hassle-free application experience.
  • Requirements
    • You are between 18 – 70 years old.
    • You have income from work, business, or pension of at least SEK 12.500 per month after tax (income declared in Sweden).
    • You have a Swedish social security number and a civil registration address. Not protected identity.
    • You do not have a current debt balance with the Swedish Enforcement Agency. (Payment note and old foreclosure attempts may be present.
    • You have Mobile BankID

Representative example: SEK 30.000 loan over 4 years with 27.95% nominal interest, 31.82% effective interest, costs SEK 1,045/month (48 times). To repay: SEK 50,160 incl. all fees.

conclusion: Are Loans Without UC Worth It?

Loans without UC checks can be beneficial for specific situations because they can give you quick access to money whenever you need it without too much paperwork and without ruining your credit score. If you need money to get out of trouble without impacting your chances of getting a mortgage or a bigger loan at a bank later, these loans are for you.

Small loans without credit checks offer flexibility in managing finances. Here are some examples of things you can do with such loans:

  1. Emergency Medical Expenses: Covering unexpected medical bills, medications, or treatments not fully covered by insurance.
  2. Home Repairs: Addressing urgent home repairs like a leaking roof, broken heating system, or plumbing issues.
  3. Vehicle Maintenance: Covering the costs of unexpected car repairs or essential maintenance to keep your vehicle running.
  4. Paying Bills: Bridging the gap when you’re short on funds for essential bills, such as electricity, water, or rent.
  5. Educational Expenses: Paying for course materials, online courses, or certifications that can help in personal or professional development.
  6. Special Occasions: Managing costs for events like birthdays, anniversaries, or weddings, especially when funds are tight.
  7. Travel: Covering unforeseen travel expenses, whether for emergencies or last-minute opportunities.
  8. Business Needs: For entrepreneurs or small business owners, these loans can help cover inventory costs, marketing expenses or even help with payroll during a rough patch.
  9. Moving Expenses: If relocating for a job or personal reasons, small loans can help with moving truck rentals, security deposits, or initial rent.
  10. Purchasing Appliances: Buying or replacing essential household appliances like a refrigerator, washing machine, or oven.
  11. Covering Gaps in Employment: If between jobs, a small loan can help maintain essential expenses until a new source of income is established.

While small loans without credit checks can be beneficial in these scenarios, it’s crucial to remember that any loan comes with the obligation of repayment. Borrowers should always be sure they understand the terms and can manage the repayment schedule before committing.

On the other hand, it’s essential to approach these loans with caution. They can be a lifesaver when needed, but understanding their terms and being aware of the potential pitfalls is crucial. Always prioritize informed financial decisions, ensuring you’re taking on a loan you can manage and repay. Some of the things you need to consider with these loans are:

  1. Higher Interest Rates: Be prepared for potentially higher interest rates. Without the reassurance of a UC check, lenders might charge more to mitigate their risk.
  2. Read the Fine Print: Ensure you’re not getting into an agreement with hidden fees or tricky terms.
  3. Short-term Solution: Loans without UC should ideally be for immediate and short-term needs. Relying on them for long-term financial strategies can lead to debt accumulation.
  4. Research the Lender: Always check the lender’s legitimacy, especially if they are not a mainstream bank or institution. It’s essential to avoid scams and predatory lenders.
  5. Consider Alternatives: Before taking a loan, consider other financial solutions like borrowing from family or friends or selling unwanted assets.

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