Finally! We are releasing a debt overview feature! But why?

Our co-founder and CEO Mikael Hussain explains why we are launching a debt overview feature that allows you to see all your debts in one place, and gain a deeper understanding of them.

August 22, 2023

Mikael Hussain, co-founder and CEO of Anyfin

Why launch a debt overview?

In economically tough times like these, borrowers face several hurdles and uncertainties, such as high interest rates, hidden fees, approaching due dates, and limited financial knowledge. Gaining a comprehensive understanding of your personal financial situation has become more crucial than ever. There are numerous budgeting tools out there, but no overview tools offering detailed insights into your liabilities.

Why is it so important to have a good overview of and insights into all your debts?

Limited financial knowledge and hard-to-read terms and conditions make it hard for people to manage their debts. And financial well-being is a part of your health. With the new service, we are providing the user with a comprehensive summary of all loans, and simplifying the understanding of their financial obligations.

We hope that the debt overview service will make it easier to prevent financial missteps at an early stage so that people can embark on a journey towards a healthier financial future. It is complementing our existing services, such as the refinancing service helping you pay less for expensive consumer loans, and tools for gaining control over your expenses.

What exactly does the new feature offer?

It offers a holistic view of your debt situation and delivers detailed loan insights within minutes. It’s more than just a static loan balance overview. Instead, you can effortlessly get a simplistic yet informative display of all your existing loans and credits, no matter what type of loan it is or if you have refinanced the loan with Anyfin or not.

We want to make dealing with your debts as easy as possible. You can connect your bank or lender accounts and the feature automatically detects the credit. So you can effortlessly obtain a summary of your debt balances and monthly payments. Moreover, we provide insights into the loan structure. This is for you to find out how much of your monthly payments consist of interest, fees, and actual loan repayment.

Sounds good?

Download the Anyfin app and try it out, completely free of charge! We continually enhance and develop the functionality.

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Representative example

A refinancing loan of 5,000 SEK at 17.40 % nominal interest rate with a repayment period of 18 months, with 18 installments of 318 SEK, results in a total effective interest rate of 18.86 %. The total repayment amount will be 5,717 SEK.

The maximum amount that can be refinanced with Anyfin is 300,000 SEK. The loan term can be as short as 1 month and as long as 120 months, depending on the current term. The nominal interest rate can range from a minimum of 7.95 % to a maximum of 19.90 %. The effective interest rate can range from a minimum of 8.25 % to a maximum of 21.28 %.