Folkefinans AS Norge, Filial Sverige

Folkefinans AS Norge, Filial Sverige is the Swedish branch of a Norwegian consumer finance company that provides unsecured credit to private individuals through an online application process. It is not a bank and does not accept deposits; its business is limited to lending, with disbursements to Swedish bank accounts and repayments typically by monthly installments. The branch operates under Swedish consumer credit rules and the supervision of Finansinspektionen, including requirements for creditworthiness and affordability assessments, customer due diligence (KYC/AML), and provision of standard pre‑contract information. Products are short‑term loans and installment loans with pricing that varies by amount, term, and assessed risk; high‑cost credit caps under Swedish law limit interest rates and total cost, and borrowers have statutory rights such as a 14‑day withdrawal period and the ability to repay early with interest adjusted to the shortened term. Applications usually require a Swedish personal identity number, verified identity (often via BankID), evidence of income, and an acceptable credit record; external credit information providers are used, and applications can be declined for issues such as recent payment defaults or active collection cases with Kronofogden. Missed payments may lead to default interest, reminder and collection fees within legal limits, negative credit reporting, and escalation to debt collection agencies or enforcement. The company publishes representative cost examples and standard information on its website; customer service is available through online channels and phone during business hours, and complaints can be escalated to the company’s complaints function and, if unresolved, to the National Board for Consumer Disputes (ARN) or relevant authorities. Personal data processing follows GDPR and Swedish data protection law. The firm does not offer payment accounts, cards, or deposit products, and no deposit guarantee applies. Prospective customers should review current terms, APRs, fees, and eligibility on the official site, as conditions and pricing can change.