Vivus is a financial service provider in Sweden offering various loan options to its customers. They specialize in short-term and personal loans, providing financial solutions that cater to immediate needs. The company is part of the 4finance Group, a significant player in Northern Europe’s lending industry, with over 10 million issued credits.
The loan amounts provided by Vivus range from 2,000 to 50,000 SEK, catering to a wide array of financial needs. Customers can choose repayment periods between 1 and 24 months, offering flexibility based on individual circumstances. However, it’s crucial to note the interest rates, which vary significantly from 59.4% to 317.4%, indicating a substantial range that potential borrowers need to consider.
To apply for a loan with Vivus, the minimum age requirement is 18 years. The process is designed to be convenient, allowing customers to access funds within a stipulated timeframe, typically 7-10 days, or even immediately for a fee. This accessibility round-the-clock highlights the company’s commitment to providing timely financial solutions.
An example provided by Vivus illustrates a loan scenario: a new loan of 10,000 SEK with a 30-day repayment period carries a nominal annual interest rate of 44.0% and an effective interest rate of 112.1%. This example, including a setup fee of 285 SEK, demonstrates the total repayment amount, which, in this case, is 10,647 SEK if repaid on the due date.
Vivus promotes itself as offering a modern, efficient, and cost-effective credit service. Their credit line product allows customers to borrow up to their approved limit, with the option to repay in full or in part monthly. This flexibility supports individuals in managing their finances according to their specific needs.
Furthermore, Vivus’s operations are regulated, with oversight from Sweden’s Financial Supervisory Authority and the Consumer Agency. This regulatory framework ensures that the services provided meet the necessary standards and practices within the financial industry, offering a layer of security and trust for consumers.