LoanStep

With the LoanStep app, you can apply for a loan and receive notification directly in the app. If your application is approved, you can have the money in your account the same day. You can also see the status of ongoing loans, when the next payment is due and how much you have left to pay.

Unsecured loans
LoanStep mediates unsecured loans, popularly known as unsecured loans. In short, you can say that this means that you as a borrower do not need to leave anything as “collateral” in exchange for your loan, such as a car or home.

Here's how the application process works:

1. You apply to borrow money directly in the app
We offer loans up to SEK 50,000 with a term of up to 76 months.

2. We process your loan digitally
You start by logging into the app with BankID. Then you fill in brief information about your financial situation, the purpose of the loan and finally you accept our terms. You must also answer our customer due diligence questions that we are required to ask under the Money Laundering Act.

Once this has been done, a credit report will be taken and you will then be able to choose which account the money should be paid into. Finally, we will check your financial situation to ensure that you have the ability to repay the loan.

3. The money will be paid into your account
If you submit your application on a weekday before 12:00, you will receive a response from us the same day and if your loan is approved, the money will be in your account no later than 17:00. If you apply on an afternoon/weekend, you will receive a response from us and (if your application is approved) the money will be in your account the next banking day.

Keep track of your loan in the app
If you already have a loan with us, you can use the app to review your current loan. You can see the credit amount, debt today and when the next payment is due. You can also choose to take a closer look at your payment plan and repay the loan in full. Under settings you can manage your direct debit.

The earlier you repay your loan, the more you save in terms of interest and fees.

Contact customer service or take part in our loan school
If you have questions or concerns, you can find contact information for our customer service directly in the app.

You can also learn more about finances in LoanSteps Loan School where we go through everything you should know about how interest works and why a budget is a wise alternative.

Information about annual credit interest & effective interest rate:

A loan of SEK 25,589 taken on 2026-04-24 at 22.00 percent variable interest with a repayment period of 70 months entails 70 installments of approximately SEK 721, SEK 589 in brokerage fee and SEK 69 in monthly administration fee. This gives an effective interest rate of 31.28 percent and the total repayment is SEK 51,042.26. Repayment period 54–76 months.

The maximum annual effective interest rate is 45 percent.