Lendo, established in 2007, stands as a prominent loan comparison service in Sweden. The company offers a platform where consumers can compare various loan offers from different lenders. Lendo’s service covers a range of loan types, including short-term, long-term, personal, car, and more, catering to diverse financial needs.

Loan options through Lendo vary, with amounts ranging from SEK 10,000 to SEK 600,000 and repayment periods extending from 12 to 180 months. Interest rates offered are between 2.95% and 29.95%, with the minimum age requirement for applicants set at 18 years. An example provided illustrates a 12-year amortizing loan with an effective annual interest rate of 5.56%, demonstrating the service’s cost transparency.

Lendo’s unique selling proposition lies in its one-stop comparison feature, where a single credit inquiry provides access to multiple loan offers, thus preserving the consumer’s credit score. The company emphasizes its role in offering a transparent, digital, and efficient loan comparison service, which aligns with its vision of fostering a trust-based, transparent loan market.

Moreover, Lendo’s history reveals a trajectory of growth and expansion beyond Sweden, indicating its influence and reach in the Scandinavian loan market. Owned by Schibsted and part of the Lendo Group, the company benefits from a network of over 60 lenders, ensuring a broad range of loan options for consumers.