How does it work?
Saving by lending money at interest is nothing new; large banks and wealthy individuals have been doing it for generations. However, thanks to our technology, it is now available to everyone.
Saving by lending money at interest is nothing new; large banks and wealthy individuals have been doing it for generations. However, thanks to our technology, it is now available to everyone.
A company or an individual applies for a loan to finance something like a purchase, renovation, or another need. The borrower contacts a credit broker and submits their application, which is then reviewed for approval.
A lending company reviews the loan application and ensures the borrower meets the required creditworthiness and repayment capacity. If the application is approved, the loan is disbursed with capital from interest savers on the platform.
Credit brokers publish loans on the platform. These loans are divided into smaller shares and allocated to interest savers in exchange for the capital paid out to the borrower. The allocation is made according to the savers' account settings for credit type, interest rate, risk level, and term.
Through your account, you receive shares in many different loans to ensure good risk diversification, and every time a borrower pays interest or repays part of the loan, the money is credited to your account. These funds are automatically reinvested for compound interest until you disable the feature, after which you can withdraw the money as it becomes available.
Get started – step by step
When you create a company account with us, you first register a personal investor account, answer a few questions, and verify your identity with BankID. Once your personal investor account is set up, follow these steps to create a corporate account:
Navigate to the account overview, click on "My Account," and then "Change Account."
Click the "+" sign followed by "Add Company."
Follow the on-screen instructions to complete your company account registration.
SaveLend offers various products to suit different savings goals and portfolios. You can choose one product or combine several of them:
Save with a guaranteed interest rate of 5.5% for 12 or 24 months.
Let our yield robot do the work and get automatic savings and a diversified portfolio.
Choose completely yourself and tailor your own savings form to your needs.
Invest in specific and carefully selected projects with varying duration and returns.
The next step is to transfer the capital that you want to invest. Depending on which product you have chosen, you can do this either as one-time deposits or through a recurring monthly transfer. There are three ways to transfer money to your company account:
Transfers via Swish are instantaneous. The rules for maximum amounts and transfer limits vary by bank. Log in to your online or mobile bank to see and adjust your settings.
Direct transfers are made via Trustly and take between 15 minutes and 1 business day. It’s an open bank payment method that allows customers to pay directly from their bank account online without using a card or app.
Bank transfers may take up to 1–2 days. Transfers must be made from one of your company’s bank accounts that you have administrative rights over.
Once you are set up, you can log in and monitor the development of your investments over time, as well as details about the different loans in which you hold shares. Our goal is to provide a comprehensive view of how your money works for you, so you can easily evaluate and optimize your investments.
Eventually, there will come a time when you want to withdraw all or part of your capital. To do this, you deactivate any reinvestments so that repayments and interest are not placed into new loans. After that, you can transfer the funds to your regular bank account as they are credited to your SaveLend account.
Since the money is lent to actual borrowers, the investment type involves a lock-in effect during the loan term. A SaveLend Fast account runs for the term you chose to lock the money in, a project you invested in will be repaid at the end of its term, and so on. An exception is investments made through our automated savings strategies and via Freedom. For these savings forms, you have the option to sell holdings on our secondary market for a fee if you need the money prematurely. With the "Balanced" savings strategy, you can sell up to SEK 50,000 without a fee after each completed twelve-month period.
With us, you can easily and safely get started in five minutes!
Here are some of the most common questions and concerns about the savings platform. If you have additional questions, feel free to contact us via chat, email, or phone.
You can easily see the instructions on how to transfer capital to your SaveLend account by logging in, navigating to "Transfers" followed by deposits and clicking on "Make a deposit".
You can choose between transferring your money directly with the help of Swish, Trustly, or by making a regular bank transfer.
To make a deposit, click on the "Make a deposit" button in the "Deposits" section or in the upper right corner of the platform and choose the method that suits you best:
Swish
Via Swish, your money arrives immediately. The regulations for the maximum amount and how much it’s possible to swish vary from bank to bank. Log into your internet or mobile bank to see and change your settings.
Instant Bank payment via Trustly
Direct transfer via Trustly takes between 15 min and 1 banking day. It is an open banking payment method that allows customers to shop and pay from their bank account online, without using a card or app.
Bank transfer
Bank transfers can take up to 1–2 days. Transfers must be made from a bank account that you own.
You can easily request withdrawals on uninvested capital by logging into your account, navigating to "Transfers" and then "Withdrawals". Click on "Make a withdrawal" then follow the instructions.
If you want to withdraw capital that is invested, you can sell your investments on the secondary market, which you will find under "Holdings" -> "Investments". Remember that sales on the secondary market include a fee except for special conditions for the Balanced savings strategy. Here, you have the right to sell investments up to a total of SEK 50,000 free of charge after every twelve months.
Yes, just as for our private savers, our corporate investors also have the opportunity to take part in our bonus system.
See the different levels and how they are achieved here Bonus system
Today you can invest in SaveLend's subsidiary Svensk Kreditförmedling's real estate and rental projects on our savings platform. These credits were previously mediated through the originator SKF but will, in the future, be mediated through SBL Finans. This type of financing is now called crowdfunding. To comply with the new EU regulations regarding crowdfunding, SaveLend is obliged to ensure that everyone who participates in these investments has certain knowledge within it. Therefore you need to complete a knowledge test on our platform before you start investing in crowdfunding.
When you activate the strategy the test will appear.
Your previous investments made through the originator SKF will continue as usual as the new EU regulations rules do not apply to previously mediated credits.
Different loan types have different terms. If you click on the "Loan types" link under the strategy, you will be able to see which terms the different loan types provide.
You can withdraw any of the company's funds that are not invested in credits at any time.
For the capital tied up in investments, we offer a secondary market where the loans can be sold to other investors for a fee to free up capital, which in turn can be withdrawn.
