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Consumer loan

A consumer loan is an unsecured loan. The loan can be used for whatever you want, and has a lower effective interest rate than credit cards and small loans.

User 1
  • Unsecured loan

  • Flexible repayment period

  • Lower interest rate than credit card

Apply for a consumer loan

Price example of consumer loans: nominal interest rate from 10.9%, effective interest rate 11.7%, NOK 100,000 over 5 years, establishment fee NOK 500. Cost NOK 30,806. A total of NOK 130,806.

What is a consumer loan?

A consumer loan is an unsecured loan. This means that you don’t need to provide security in your own assets to borrow money. Consumer loans have lower interest rate than credit cards and small loans, and it can therefore be worth to combine unsecured loans into one consumer loan.

Benefits of consumer loans

A consumer loan is an unsecured loan. You therefore do not need to provide security in your own assets. A consumer loan can be used for whatever you want, and have a lower interest rate than credit cards and small loans.

  • You don’t have to motage your home or other assets
  • Great freedom – use your loan for whatever you want
  • Fast and flexible repayments – you can always choose to pay down and clear the loan faster than planned
  • You can use the loan as a flexible framework loan if you need it
  • Collect other small loans for one consumer loan, and simply follow the online bank loan
Refinansiering

Refinance consumer loans

Do you have credit card debt or several small loans? Then it can be worth to collect and refinance debts into one consumer loan.

Refinance consumer loans

Questions and answers about consumer loans

How do I apply for a consumer loan?

You can easily apply for a consumer loan by using BankID. You can also apply without having a BankID.

What documentation do I need for the application?

In principle, documentation is not required. If we need documentation to process your application, we will ask you for this.

How can I increase my credit limit?

Call us on +47 915 04800

I’m having repayment problems. What should I do?

Unpaid bills quickly become expensive. If you have any problems repaying loans or credit card bills at DNB, it is important that you contact us by phone on +47 915 04800. The sooner you get in touch, the easier it will be to find a solution.

Read more about repayment problems.

How do I transfer money from my consumer loan to my account?

If you have available funds on your consumer loan, you can easily transfer money to your account in the mobile- and online bank.

You can do this by clicking on the consumer loan under Loans & Credit in the mobile bank, or My loans and credit cards in the online bank, and select transfer.

Can I apply for a consumer loan together with someone else?

Consumer loans are a personal loan. You cannot therefore have a co-borrower.

How much do I have to pay per month?

The monthly minimum amount to pay is calculated on the basis of the loan amount and the selected repayment period.

Where can I find information about my loan?

Log in to the online bank and go to “Everyday banking and loans” and “My loans and credit cards”. Click on the gear icon to the right to get information about your consumer loan.

Can I get a consumer loan on the day?

We follow the industry standard for payment of consumer loans, and it will therefore take a minimum of 24 hours from we have received an application until the loan will be paid out at the earliest. The main reason for this is to prevent any attempts at identity misuse by raising credit.

We normally pay out a consumer loan within 1-2 working days.

When does a consumer loan make sense?

Consumer loans are suitable for those with short-term economic needs, for example to cover unforeseen expenses or to collect credit card debt and small loans.

Renovation

The purchase of furniture and interiors should not be traded by borrowed money, but taking a loan to renovate and increase the value of a home can be a possibility. Check first whether you can refinance existing home loans.

Read more about increasing home mortgages

Vehicle, boat and motorcycle

Sending boats, motorcycles or cars to the auto repair shop is often a sudden expense. First, check whether the bill is covered by your insurance. If you need to cover the repair yourself, a consumer loan can help.

Read more about vehicle insurance

Price example consumer loan

Nominal interest rate from 10.9%, effective interest rate 11.7%, NOK 100,000 over 5 years, establishment fee from NOK 500. Cost NOK 30,806. A total of NOK 130,806.

See loans price list

See also

  • Credit cards

    Flexibility and benefits when used properly.

  • Refinance consumer loans

    Reinvest in consumer loans and other expensive debt.

  • SAGA Liquidity Reserve

    Extra favourable loan for SAGA customers.

  • Payment insurance

    Secures the payment of loans and credit.

  • Home mortgages

    Loans adapted to your finances.

  • Car loans

    Get up to 100% financing of the car.