What people ask about this
Questions before you sign anything.
Will checking my rate hurt my credit score?
No. Most lenders on Payn do a 'soft check' first, which doesn't leave a mark on your record. Your score is only affected if you actually accept the loan and the lender runs a 'hard check' to finalise it.
What if I lose my job mid-loan?
Contact the lender as soon as you can — many offer a payment break of 1-3 months. Interest still builds during that period, and there's no automatic insurance, so payment-protection is an optional add-on you'd buy separately.
Can I pay it off early?
Most modern lenders (Klarna, Younited, Smava) charge no early-repayment fee. Some traditional banks still do — the offer's 'boring details' table below shows whether this one does.
Why is my actual rate higher than the advertised one?
Advertised rates are the lender's best offer for borrowers with very strong credit history. The 'representative APR' is what at least 51% of accepted applicants get; you can be above or below it.
