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How does it work?

Saving by lending money for interest is nothing new – it’s something that large banks and wealthy individuals have been doing for generations. However, thanks to our technology, it is now accessible to everyone.

Borrower

A company or an individual applies for a loan to finance, for example, a purchase, renovation, or something else. The borrower contacts a credit broker and submits their application, which is then reviewed for approval.

Lending company

An approved lending company (originator) reviews the loan application and ensures that the borrower meets the required criteria for creditworthiness and repayment ability. If the application is approved, the loan is disbursed using capital from the interest savers on the platform.

SaveLend savings platform

The lending companies publish approved loans on the savings platform. These loans are divided into smaller shares and distributed to interest savers in exchange for the capital paid out to the borrower. The distribution is based on the savers' account settings, including credit type, interest rate, risk level, and maturity.

Interest-earning savers

Through your account, you receive shares in many different loans to ensure good risk diversification. Each time a borrower pays interest or repays a loan, the money is credited to your account. These funds are automatically reinvested for compound interest, until you choose to turn off the feature, after which you can withdraw the money on an ongoing basis.

Get started step by step

1. Create an account

When you start saving with us, the first step is to answer a few questions and verify your identity with mobile BankID. Based on your responses, we’ll suggest the product we think suits you best. However, you’re always free to choose the product that works best for you.

2. Choose a product

SaveLend offers various products to suit different savings goals and portfolios. You can choose one product or combine several:

  • Fixed

    Save with interest rate of 5,5% for 12 or 24 months.

  • Plus

    Save with an annual fixed-term interest rate of 6%.

  • Savings Strategies

    Let our yield robot do the work and get automatic savings and a diversified portfolio.

  • Real Estate

    Invest in specific and carefully selected projects with varying duration and returns.

3. Transfer capital

The next step is to transfer the capital you want to invest from your bank. Depending on the product you've chosen, you can do this either as a one-time deposit or through a standing monthly transfer. There are three different ways to transfer money to your interest savings:

  • Swish

    With Swish, your money is transferred instantly. The rules for maximum amounts and how much you can send via Swish vary between banks. Log in to your online or mobile bank to view and adjust your settings

  • Direct transfer

    Direct transfers are processed via Trustly and take between 15 minutes and 1 business day. It is an open banking payment method that allows customers to shop and pay directly 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 registered in your name.

4. See your money put at work

Once you're up and running, you can log in to track the value development over time and get details on the various loans you hold shares in. Our goal is to provide a comprehensive overview of how your money is working for you, so you can easily evaluate and optimize your savings.

5. Withdraw capital and interest

Sooner or later, you may want to withdraw all or part of your savings. To do this, deactivate any automatic reinvestments so that repayments and interest are not placed into new loans. Then, you can transfer the money to your regular bank account as it comes into your SaveLend account.

Since the money is lent out to actual counterparties, there is a lock-in effect during the loan term. A SaveLend Fixed account runs for the period you have chosen to lock your money, and a project you choose to invest in is repaid when the term ends, and so on. An exception applies to investments made in our automatic savings strategies and via SaveLend Tailored. For these savings forms, you have the option to sell your holdings on our secondary market for a fee, if you need your money before the term ends. With the “Balanced” and "Yield" savings strategies, you can also sell up to SEK 100,000 without a fee after each completed twelve-month period.

You are five minutes away from getting started

With us, you can smoothly and securely get started in just five minutes!

Create account

Do you have any questions?

Here are some of the most common questions and inquiries about the savings platform. If you have more questions, feel free to contact us via chat, email, or phone.

  • How do I make a deposit?

    You can view the instructions for transferring money to your SaveLend account by logging in and navigating to "Deposit."

    You can conveniently choose to transfer your money directly using Swish, Trustly, or by making a regular bank transfer.

    To make a deposit, select your preferred deposit method from the list and follow the instructions.

    • 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 1–3 days. Transfers must be made from a bank account that you own.

  • How do I make a withdrawal?

    There are two types of withdrawals:

    1. Withdrawal of available capital

    2. Withdrawal of invested capital

    1. Withdrawal of available capital

    You can easily withdraw money that is not invested when logged in. If this is your first withdrawal, you first need to add a bank account (you only need to do this once).

    Add a bank account

    • Go to More in the main menu

    • Select Bank accounts and Autogiro

    • Click Add account and follow the steps

    Here you can add, edit, or remove bank accounts linked to your SaveLend account.

    Make a withdrawal

    • Go back to the Overview

    • Click the plus icon and select Withdraw money (mobile), or choose Withdraw in the main menu (desktop)

    • Enter:

      • which account you want to withdraw from

      • the amount

      • the receiving bank account

    • Click Continue

    • Please answer our questions and leave us some feedback

    • Click Confirm withdrawal

    1. Withdrawal of invested capital

    If your capital is invested, you first need to sell credits on the secondary market to free up funds. This is available if you invest through one of our savings strategies. Read more about how to sell credits [here].

    Good to know:

    • Selling on the secondary market may involve a fee

    • Special terms apply for Balanced and Yield:

      • You can sell up to SEK 100,000 fee-free per completed 12-month period

      • Any unused fee-free allowance carries over to the next period

    View your investments for sale:

    • Go to Strategies

    • Select the relevant account

    • Click Credits listed for sale under Quick actions

    Please note:
    It may take some time for your investments to be sold, as they need to be purchased by other investors.

  • How do I invest in crowdfunding?

    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.

  • How long are the loan periods on the investments?

    Different credit types have different maturities. You can find details about the credits in your account (depot) under "Strategies." Click on the different credit types to see which maturities they offer.

  • How is interest calculated and when is it paid out?

    You can not see the specific loans in which your capital in SaveLend Fixed is invested in, but SaveLend ensures a fixed 5,5% return. The terms for SaveLend Fixed are included in our standard terms, which you accept when creating an account. When the term of SaveLend Fixed expires after either 12 months or 24 months, the interest is paid out within five banking days to the transfer depot. You can either withdraw them or reinvest in a SaveLend Fixed Account or transfer them to a strategy depot.

  • What happens before a credit is published on SaveLend?

    From when a loan is issued until SaveLend's investors receive their return, four parties are involved:

    Borrower - A company or a private person in need of financing.

    Lenders - Issues a loan to the borrower and then sells the loan on to investors on SaveLend's platform.

    SaveLend - A digital marketplace for credits.

    Investor - Using SaveLend to invest in credit.

    Before you have the opportunity to invest in a loan, both SaveLend and the lender go through several steps. This includes, among other things, that SaveLend examines the lender by reviewing the historical credit portfolio, expected volumes and that they follow good lending practices.

    If the creditor is approved, they gets the opportunity to publish credits on SaveLend's platform.

    Credit investments can also be seen as a need arising, which leads to an investment opportunity.

    Needs

    A person wants to buy a car or a property owner wants to renovate an apartment complex. They do not have enough capital to finance their investment, and therefore contact a credit provider.

    Loan

    A credit provider, reviewed and approved by SaveLend, reviews the loan application from the company. If the loan application meets the lender's requirements, it is approved.

    Investment

    The lender publishes the loan on SaveLend's platform. Investors at SaveLend get the opportunity to invest in these credits.

    Return

    The borrower repays principal and interest to SaveLend's investors. That's how you get your return!