Are you looking for affordable financing ? Then a consumer loan can be a good alternative. From submitting the application until you have the money in the account, seeing that you meet the requirements, it usually takes 3-5 business days. If you use BankID you can get the money in your account already 1-2 days after the application has been approved. A consumer loan offers fast and affordable financing that can help you meet unforeseen expenses that emerge.
Basic consumer loan requirements
Each company will have different requirements for the applicant but it is very likely that you will be granted a consumer loan if you meet the following requirements:
• The applicant must be a Norwegian citizen or have lived in Norway for several years
• Applicant must be at least 18 years of age. Some lenders will have higher requirements
• Applicant must have a job with a fixed income
• To apply for a loan you should use an online application form. This is the best and easiest way to apply for a loan. All you need to do is fill out the application form with your information. The application will then be processed by the lender If you meet all the requirements of the lender you will be able to get the money quickly.
How much you want to borrow is up to you. Lenders usually offer loans up to $ 250,000 with a flexible repayment period of up to 15 years. Some lenders such as Bank Norte offer consumer loans up to $ 400,000, but this is only for special applicants. You should be aware that the interest rate on a secured loan will be higher than the interest rate on a secured loan. The effective interest rate you get will vary from provider to provider but it is usually somewhere between 15-30%.
Consumable loans on the day provide flexibility
Consumer loans of the day have increased dramatically in popularity in recent years due to fast payouts and no security requirements. If you are granted an application for a consumer loan on the day, you will usually have the money in the account within 1-2 business days, assuming that you use BankId for credentials. Consumable loans on the day give the flexibility something many appreciate, especially if you are looking for quick and affordable financing.