Drecway offers private individuals to borrow an account credit of between USD 1,000 and USD 30,000. This with a flexible payback time. An account credit with Drecway is perfect to have available if unexpected costs occur.
The account credit works just like a credit card – however, you do not have to carry around on one card. In addition, you only pay for the part you choose to use. This means that you can borrow a high account credit but choose to only use a low amount.
Drecway is a brand within Northmill that has been on the market ever since 2006. It is a serious company under the supervision, exactly what one would expect.
Borrow without CU at Drecway
Applying for a loan from Drecway is very simple and easy. You apply for an account credit by completing their application online and then identifying yourself with your mobile BankID. Immediately when you submit your application you will receive a preliminary decision.
As soon as the application has been submitted to Drecway, they carry out a credit report to assess the borrower’s finances. This credit report is not carried out by CU, so you can maintain good credit standing at Drecway.
Borrow with credit note with Drecway
At Drecway, you are welcome to submit a loan application even though you have one or more payment notes in the baggage. However, you risk getting a higher interest rate with a payment note. The annual interest rate is currently 26%.
No extra costs are charged by Drecway, but you only pay interest on your loan. Consequently, there are no hard copy fees or setup fees, which lowers the cost of borrowing.
If you apply early in the day, you can access your borrowed amount on the same day. At the most, it takes a weekday before the money is in your bank account.