SMS Loan
When you need it the most
Saldo Bank's SMS loan is now an even more flexible revolving credit.
- No paperwork, no documents needed
- Credit check without UC
- Apply with your BankID
Apply for a loan
Loans in
Service open
Monthly payments from
Interest rate
Example of loan repayment: In the case of a used credit of 5 000 SEK, a fixed interest rate of 20%, a reference interest rate of 2% and 12 installments, the total amount of the loan and loan costs is 6 740,63 SEK (561,72 SEK per month) and annual percentage rate (APR) is 78,04%.
Edited on 2025-07-01 with the updated reference rate
Standard European Consumer Credit Information
SMS Loan
Saldo Bank SMS loan, now a flexible revolving credit with a credit limit of up to SEK 30 000, is for people looking for a small loan to cover unexpected costs. Our automated process is quick and easy, with no paperwork. Once you’ve been approved for a loan, you can choose to withdraw the money in small amounts, or have the whole amount transferred to your bank account. When you make a repayment, the amount will be added back to your credit limit for you to use when you want or need it.
SMS loans, or withdrawals from your revolving credit, start from SEK 3 000 and go up to SEK 30 000 kr. As this is a high-cost credit product, if you miss a repayment, you may be subject to reprisals. If you are concerned about repayments, contact our friendly customer service team. We’re here to help.
Fast process
- 1
Choose your loan product
Select one of our products based on your personal needs and your current financial situation.
- 2
Fill out the application
Complete our online form. It’ll take you less than 5 minutes to fill out.
- 3
Money directly deposited into your account
Once we’ve received, processed and approved your loan application (in most cases this takes just a few minutes), money will be instantly deposited into your bank account.
- 4
Withdrawals from your credit limit
Further withdrawals can be made directly from our internet banking service where you can also find your credit limit, balance, invoices and other information related to your loan.
What is an SMS Loan?
SMS loans or quick loans are a form of micro-loan intended for people who need some quick cash to cover unexpected situations. You can apply for an SMS loan without risking a credit report with UC (Upplysningscentralen), which can affect your credit rating.
Saldo Bank's loans don’t require paperwork or showing up in person. The application process is quick, easy and online. Our technologically advanced systems mean you can apply for a loan from wherever you are.
We’ll never ask what you need the loan money for, as many of the traditional banks often do. That’s your business. But as this is a high-interest product, you should only apply for an SMS loan or any quick loans in an emergency.
Loan money deposited directly to your bank account
With our fully automated application process, you can apply for a loan from anywhere in the world. Need cash urgently while abroad? As long as you have an internet connection, you can apply for a loan instantly.
Apply for your loan and you can have cash at your fingertips within minutes. We’ll transfer it directly to your nominated bank account.
You don’t have to explain what you need the SMS loan money for: we don’t operate like a traditional bank that needs endless paperwork for approvals. Our focus is getting you cash at the moment you need it most.
Have a question? We answered most of them already.
Cannot find answer to your question?
Contact usTo better adapt to our customers' needs, our SMS loan is now a flexible revolving credit. To apply, you can simply visit our website and follow the instructions.
You can apply for a loan for as little as SEK 3 000 all the way up to SEK 20 000.
The interest rate on your loan consists of the margin and the reference interest rate according to Section 9 of the Interest Act. The reference interest rate is checked according to the terms of the credit agreement always on the interest rate check days.
However, the total interest rate is always at least 0%, even if the reference interest rate is negative.
Quick money from Saldo Bank
If you need an SMS loan, Saldo Bank is the place to go. Instead of an expensive SMS loan, you should consider our flexible revolving credit. We offer an automatic application process, which takes just a few minutes to complete.
Once approved, you’ll have quick cash deposited into your bank account. It’s that easy.
