Loan in denmark
1.000 – 500.000 kr.
2,95 – 22,52%.
*Ex: Total credit amount DKK 200,000. Term 5 years. APR 7.68%. Variable debtor rate 7.00%. Establishment DKK 400. Total repayment DKK 48,000. Term 1-12 years. Interest rate range 2.95-22.52%.
Guide to using Loan Denmark:
- First, click the “compare Loans” button.
- Choose the amount (Lånebeløb).
- Set your preferred payment period.
- Choose the main purpose of the loan.
- Click Fortsæt (Continue).
Now we will find the best rates through individualized comparison.
Remember, it is free, noncommittal, and non-binding to apply for a loan through Loan Denmark
Let us guide you to the best loan in Denmark
As a Denmark citizen, you have many opportunities to take on a loan without security (an unsecured loan). It is very easy, and you can do it through your computer, tablet, or smartphone.
The quick loans have nothing to do with the banks – external loans from private companies.
You can easily take on even bigger loans within a few minutes, and often, you will receive the money in your account on the same day you apply for the loan.
Private loan Denmark
You will get an overview of all the private online loan companies in Denmark. Currently, you can apply for loans from 500 to 400.000 kroner.
The loans are called fast loans or quick loans, and you do not need to provide security for the money, meaning that you are not providing anything (your house or your car) in security for the money.
You can use the money on whatever you want, as the loan companies do not ask questions about how you will use the money. For example, you can take a loan for a new television, a car, a vacation or a new smartphone – it is up to you.
How do I take on a loan in Denmark?
When living in Denmark, overall, you have two options when you need to borrow money:
- You can apply for a loan from the bank
- You can apply for a loan from a private company
It isn’t easy to get approved for a loan in the bank. You will need a fixed income and a stable economy. Also, you need to provide security, and you will have to explain how you will use the money.
Typically, the bank will deny you a consumer loan. Instead, you can get approved for a loan from a private company without trouble.
Loan Denmark – How to apply for a private loan?
It is very easy to apply for a private fast loan online, but there are a few requirements:
- You have a Danish bank account
- You have a Nem-ID
- You are at least 18 years old
The private loan companies do have different further requirements. Many of them require that:
- You are not registered in RKI (Register for bad payers)
- You have a fixed income
But private loans exist for people registered in RKI and those without a fixed income.
In this guide, you can see all the quick loans you can apply for without providing security. You choose a loan that fits you and fills out your information. Typically, you will get an answer to the application within a day, and your loan will be approved without problems.
Loan money Denmark – see an overview of private loan opportunities in the top of this article.
Student loan Denmark
When being a student, the economy can be very tight. Therefore, it can sometimes be necessary to take on a loan to get food on the table. A short-term loan in Denmark is the best opportunity for a student who needs money fast.
The short-term loans will get into your account within a few hours, and they are cheaper in interest rates and fees as the loan amount is smaller and the term of the loan is short (for example, a month or two).
Sometimes you can be lucky to find a short-term loan in Denmark without interest rates and fees if you are a new customer. That means that you pay back the loan amount and that it is not an expense for you to borrow the money. But be aware that if you default on the loan agreement, the loan company is in its right to add (often significant) interest rates and fees.
As a student, you can also apply for a student loan or a “SU loan” if you get SU. But this takes a little longer as it is an application process, so if you need money right now, you should look for a quick loan. If you do have time to wait, the SU loan is one of the cheapest loans that you can get in Denmark.
How do I find the cheapest fast loan in Denmark?
In Denmark, there are several options for getting a loan, but be aware that the expenses in connection with the loans are very different and that it can be very expensive to choose the first fast loan you find. On this page, you can compare Danish fast loans and choose the cheapest or the one that fits you the best.
When comparing, you must look at the “ÅOP” which is short for “årlige omkostninger i procent” meaning “annual expenses in percent.” It shows how expensive the loan is for you on an annual basis. Loans of the same size and with the same terms can always be compared by their “ÅOP”. To find the cheapest loan, you choose the one with the lowest ÅOP.
Be sure to comply with the loan terms
Even though it is almost possible for everyone in Denmark to take on a loan in only a few minutes, it may have big consequences for your private economy if you do not think it through. You must make sure that you can comply with the loan terms.
If you do not pay off your loan, the loan company is in its right to add on extra fees. That way, even a very cheap or small loan can be expensive. If you keep on not paying off your loan, you may be registered in RKI (register of bad payers), and in the future, it can be very difficult or even impossible to take on a loan – especially a bank loan.
Therefore: look at your budget and make sure that it is realistic for you to pay off your loan monthly.
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