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Competitor for Klarna: Anyfin is that serious and when it's worth it

2022-12-21T13:24:00.347Z


Competitor for Klarna: Anyfin is that serious and when it's worth it Created: 12/21/2022, 2:11 p.m By: Fabian Pieper Anyfin promises cheap credit transfer. But is that serious? © Marcus Brandt/dpa The startup Anyfin advertises that it will replace existing loans and make a cheaper offer. But is that serious? Bremen – It sounds tempting for consumers: The Swedish startup Anyfin offers its cust


Competitor for Klarna: Anyfin is that serious and when it's worth it

Created: 12/21/2022, 2:11 p.m

By: Fabian Pieper

Anyfin promises cheap credit transfer.

But is that serious?

© Marcus Brandt/dpa

The startup Anyfin advertises that it will replace existing loans and make a cheaper offer.

But is that serious?

Bremen – It sounds tempting for consumers: The Swedish startup Anyfin offers its customers to take over their high-interest loan agreements, pay them off on their behalf and make a cheaper offer.

The company advertises that it can reduce the annual percentage rate by 30 percent.

Especially in times of inflation, this seems to be a good way for many indebted people to reduce the debt burden.

But how exactly does the whole thing work, who is behind it and is it serious - or are there other hidden costs?

The basics: Anyfin sees itself as a credit provider who, however, only replaces existing loans and does not issue any new loans, as reported by kreiszeitung.de.

The maximum credit volume may not exceed EUR 20,000.

Anyfin has been active in Germany since spring 2021, having previously established itself in the home market of Sweden.

And: Anyfin only makes an offer if it can submit a better offer.

Easy handling for repayment of loans

This works comparatively easily for the consumer.

They can submit their loan statement via the Anyfin app or the company's website.

Anyfin then reads the conditions such as balance, fees, interest rate and term.

This is followed by a neutral Schufa check, which does not affect the Schufa score, and a check to see whether the company can make you a cheaper offer, which is then sent to the customer immediately.

If he agrees, the open loan will be settled within a few days.

From then on, the customer pays off the loan at more favorable conditions with the Swedish Eric Penser Bank, Anyfin's partner bank.

However, the startup remains the contact for customers until the end.

The company, which already has more than 20,000 customers in Germany, is convincing on rating platforms such as Trustpilot.

There are a lot of positive reviews there.

Because Anyfin offers a number of advantages: Debt restructuring is relatively easy and quick, the risk for customers is low and many forms of credit can be redeemed.

In addition, several loans can be combined, even from different lenders and popular payment services such as Klarna.

Klarna is currently a topic on Tiktok, where young users post their accumulated debts.

After the conclusion of the new contract, special repayments are possible, the rate can be adjusted and suspended under certain conditions.

Cheaper Anyfin offer does not have to be the cheapest

But there are also disadvantages.

Because Anyfin only works with one bank, the creditworthiness-dependent offer - if the company can make one - is cheaper, but may still be associated with a high interest rate and probably by far not the cheapest offer.

In addition, the maximum sum of 20,000 euros is relatively low.

This is because Anyfin's service is primarily aimed at customers who want to pay off loans with high standard interest rates such as installment purchases, overdraft facilities or credit card debt.

So if you value an easy-to-use offer, which sometimes does not have to be the cheapest possible offer, Anyfin could be a suitable option for you.

It is also subject to German law.

Consumer advocates consider the company's business practices to be reputable and the customers are also satisfied.

Source: merkur

All news articles on 2022-12-21

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