GE Money Bank has a global presence across 55 countries, and we have been active in Sweden since 1993. GE Money Bank offers loans, credits, credit cards and sales finance in combination with insurance, e.g. Payment Protection. At GE Money Bank, we believe you should have a chance to realise your dreams.
You can apply for a loan or a credit here on our website, on the phone or through any of our partners. You are always welcome to call us and ask for assistance. We do our best to ensure that you can talk to a representative in a language you speak.
You should know this before you apply for a loan,
credit or a card
What kind of products does GE Money Bank offer?
GE Money Bank offers loans and credits without security – loans without collateral. These are loans or credits that are granted only based on the borrower's ability to repay the loan. A loan without collateral can be a one-off loan for a certain amount. It can also be a credit with a corresponding credit card.
In addition, we cooperate with a number of retailers and offer direct financing for the purchase of a product or a service.
When you apply for a credit with an associated credit card whether directly or through one of our partners, you will receive a MasterCard.
Things to consider before you take out a loan or credit
Before you take out a loan or a credit, you should review your finances so you are certain you can repay the loan or the credit. You are welcome to use our household budget calculator for your calculations and, of course, you do not have to show it to us.
How to apply
We always perform a credit check, which means that we obtain a credit report and may contact your employer. Afterwards, we inform if you have been approved for the loan or credit. You will get a copy of the credit report by mail to your home address.
You sign your application and the loan or credit agreement keeping a copy for your records.
Terms and conditions and interest rate
The terms and conditions of the loan or the credit are set forth in the application, credit or loan agreement, and in any additional terms for in-store credit.
You can compare the prices of different loans and credits by looking at their effective interest rates. The effective interest rate is the sum total of the interest rate and charges expressed as an annual interest rate. This stated clearly in our marketing and credit terms.
The interest rate on our loans and credits is usually variable. This means that the interest rates normally change after decisions taken by the central bank, in the event of changes to our borrowing costs.
If you buy a product in a shop, which cooperates with us, it is sometimes possible to apply for a credit, where the payment is divided up into interest-free instalments. It is important that you examine carefully the terms and conditions for repayment so you are aware of what will happen if you are late with a payment or if you pay a lower amount than agreed. The interest-free credit can then be converted into an interest-bearing credit.
Repayment
The loan or credit is repaid in monthly instalments. The instalment plan can differ, depending on your own choice and on the product. You always have the option of repaying the whole loan or credit in advance, without additional costs. Read the terms and conditions, and do not hesitate to ask us if you have any questions.
Each month, you will receive an account statement, which shows the status of your loan or credit and the amount due for payment. The statement also includes information about changes in interest rates or charges and payment reminders. Normally, payment shall always be made to our credit or bank account no later than the last day of the month.
If you do not pay the monthly amount on time, you risk having to pay a late fee, reminder fee and penalty interest. If you still do not pay, you also risk receiving a collection
claim with additional fees, and notice that your debt may be submitted to the Swedish Enforcement Administration in the event of non-payment.
You are always welcome to contact our customer service, if you have questions about loans, credits or credit cards. We will help you find the solution that is most suitable for you.