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Fast Loan in Norway
Free, 100% digital fast loan comparison
Save money on your fast loan with lower interest rates
Borrow 20.000 – 800.000 kr.
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The repayment period ranges from 1 to 15 years, or 5 years if you do not need to refinance. The nominal interest rate varies from a minimum of 4.9% to a maximum of 23.44%. The effective interest rate ranges from a minimum of 5.33% to a maximum of 49.92% (!), so it can be very beneficial to choose the best offer.
Example: 130,000 kr over 5 years, effective interest rate 12.73%, cost 43,382 kr, total 173,382 kr.
We recommend applying to more than one loan provider to improve your chances. It’s 100% non-binding – and if you’re approved and accept the offer, you still have 14 day cancellation right.
Recommended
Amount
NOK 10.000 – 150.000
(≈ USD 1000 – 14.900)
Term
24-60 months
Interest rate
21,60-26,40%
Verified Company
Repay the loan whenever – without fees
Payment on the same day
Nominal interest rate from 21.60% – 26.40%, based on individual credit rating. To apply for a loan, you must be over 25 years old, have lived in Norway for 2 years and have no payment notes. Please note that the maximum loan amount for new customers is NOK 100,000. To get a loan up to NOK 150,000, you must be an existing Thorn customer with a good payment history. Thorn refinansiering:
Representativt eksempel: eff. rente 14,42%, 120.000,-, o/8 år, kostnad 77.204,-, totalt 197.204,-.
Amount
NOK 20.000 – 800.000
(≈ USD 2000 – 79.300)
Term
12-60 months
Interest rate
Varies
Verified Company
Free and without obligation
Carefully selected lenders
Example: Annuity loan 150,000 NOK, 5 years, nominal interest rate 10.90%, estab./term deposit 0 NOK gives effective interest rate 11.46%. Total cost 195,240 NOK, cost 3,254 NOK/month. Repayment period 1-15 years, 5 years if you are not going to refinance. Updated 2025-03-24
Amount
NOK 10.000 – 100.000
(≈ USD 1000 – 10.000)
Term
24-60 months
Interest rate
12-26,40%
Verified Company
Fixed interest rate
You can use the money as you wish
Example: Nominal interest rate from 21.60% – 26.40%, based on individual credit rating. *Monthly amount in calculator is based on nominal interest rate of 23.87% – 29.84% and direct debit. Effective interest rate 29.29% – 35.48%, cost 17,991 – 21,714:- NOK, total 57,991 – 61,714:- NOK. To apply for a loan, you must be over 25 years old, have lived in Norway for 2 years and have no payment notes.
Amount
NOK 10.000 – 600.000
(≈ USD 1000 – 60.000)
Term
12-180 months
Interest rate
12-26,40%
Verified Company
Free and without obligation
Offers from 21 banks
Example: The cost is based on the following statutory interest rate example: Nominal interest rate 11.39%, effective interest rate 12.42%, 238,000kr, o/6 years, cost 93,761. Total 331,761.
Amount
NOK 10.000 – 600.000
(≈ USD 1000 – 60.000)
Term
12-240 months
Interest rate
8,19-26,23%
Verified Company
Free and without obligation
Submit only one application
Example: Nominal interest rate 11.9%, effective interest rate 26.28%, loan amount NOK 10,000 with repayment over 5 years, cost NOK 5,007, total NOK 15,007. Establishment fee varies from 0,- to 1990,-. All banks operate with individual interest rates and your interest rate is first presented together with the loan offer. Maturity min. 1 year – max. 20 years. Effective interest rate 8.19% – 26.23%..
A fast loan in Norway is a personal loan designed to give you access to money quickly – often within hours or the same day. Unlike traditional bank loans, which may take days to process, fast loans are handled entirely online, with minimal paperwork and instant ID verification through BankID.
These loans are typically for smaller amounts – between NOK 5,000 and 70,000 – and are used for short-term needs like covering bills, medical expenses, or unexpected repairs. Approval is based on your income and credit score, and in most cases, no collateral is required.
Fast loans are fully legal and regulated in Norway. Lenders must clearly show the effective interest rate (effektiv rente), so you know the total cost before accepting the offer.
This type of loan can be a helpful option in an urgent situation – but only if used responsibly. High interest rates and short repayment terms mean it’s not a long-term financial solution.
Who Can Apply for a Fast Loan in Norway?
Fast loans are open to both Norwegian citizens and foreigners living in Norway – but there are some basic requirements you need to meet. Lenders want to make sure you can repay the loan, so they check your income, ID, and financial history before approving anything.
Most lenders require you to:
- Be at least 21 years old
- Have a steady income from work or self-employment
- Be registered in Norway with either a fødselsnummer (national ID) or, in some cases, a D-number (temporary ID)
- Have no recent payment remarks or debt collection records
- Use a Norwegian bank account and verify identity with BankID
If you’re new in Norway and only have a D-number, your options may be limited, but not impossible. Some lenders are open to foreign applicants if you can prove your income and tax history.
Tip: Even if you’re eligible, the loan amount you’re offered might be lower than for someone with a long financial record in Norway.
How to Apply for a Fast Loan Online
The application process for a fast loan in Norway is designed to be simple and quick. Most lenders operate entirely online, so you don’t need to visit a bank or fill out long forms. You can apply any time – even evenings and weekends – and some providers offer same-day payouts.
Here’s how it works:
- Choose a trusted lender – use a comparison site or go directly to a lender’s website.
- Fill out the application form – enter your name, address, income, and how much you want to borrow.
- Log in with BankID – this confirms your identity and links your financial records.
- Wait for the credit check – most lenders use services like Experian or Bisnode to evaluate your ability to repay.
- Review the offer – if approved, you’ll see the loan amount, repayment term, and total cost.
- Sign the loan agreement – this is done digitally using BankID.
- Receive the money – funds are usually transferred within a few hours.
You can apply from your phone or laptop in under 10 minutes. Just make sure to read all terms before accepting the loan.
Real Example – Cost of a Fast Loan
Before applying, it’s smart to understand what a fast loan actually costs. The interest rate can vary a lot depending on your credit score, income, and the lender you choose. Here’s a real-world example to give you an idea:
Example:
- Loan amount: NOK 20,000
- Repayment term: 12 months
- Nominal interest rate: 14.5%
- Establishment fee: NOK 450
- Monthly fee: NOK 40
- Effective interest rate (APR): 23.9%
- Monthly payment: approx. NOK 1,850
- Total repayment amount: NOK 22,200
As you can see, fees and interest add up quickly. The effective interest rate (known in Norway as effektiv rente) includes all costs – not just the base rate – so it’s the best number to look at when comparing loans.
Always ask yourself: Do I need this loan right now? And can I afford the monthly payments? If the answer is “yes,” then a fast loan might be a good short-term solution.
Pros and Cons of Fast Loans
Fast loans can be helpful when used wisely, but they also come with risks. Here’s a quick breakdown of the main pros and cons to help you decide if it’s the right option for you.
Pros:
- Speed: You can get the money within hours – perfect for urgent needs like car repairs or overdue bills.
- Easy process: No need to visit a bank. Everything is handled online and confirmed with BankID.
- No collateral: Most fast loans are unsecured, meaning you don’t risk losing your house or car.
- Available to expats: Many lenders accept foreign applicants with income in Norway.
Cons:
- Higher interest rates: Fast loans typically cost more than traditional loans.
- Shorter repayment terms: You’ll often need to repay the full amount within 12–36 months.
- Tempting for impulse borrowing: Because they’re easy to get, it’s tempting to use them when you really shouldn’t.
- Can lead to debt problems: If you take multiple fast loans or can’t keep up with payments, costs can spiral fast.
Bottom line: A fast loan can solve a short-term cash issue, but only if you’re sure you can handle the repayment.
Where to Find the Best Fast Loan Offers
Not all fast loans are created equal. Some lenders charge high fees, while others offer more fair terms if you have a stable income and good credit. That’s why comparing offers is one of the most important steps before you apply.
Start with trusted sources:
- Finansportalen.no – a free tool run by the Norwegian authorities. It lets you compare loan offers from approved lenders based on amount, term, and interest rate.
- Loan comparison websites – many private platforms also list approved lenders, but double-check that they are licensed in Norway.
What to compare:
- Effective interest rate (effektiv rente): This shows the true cost, including fees.
- Loan term: Shorter terms mean higher monthly payments but lower total cost.
- Flexibility: Can you change the due date? Is early repayment allowed without extra fees?
- Customer reviews: Check feedback to avoid shady lenders with hidden charges.
Avoid the trap of picking the first offer you get. Even a 2–3% difference in interest rate can mean thousands of kroner saved over the loan’s lifetime.
Typical Fast Loan Rates in Norway – At a Glance
Here’s a quick overview of what fast loans in Norway usually cost, based on real offers from registered lenders:
Loan Amount | Term | Nominal Rate | Effective Rate (APR) | Monthly Payment | Total Cost |
---|---|---|---|---|---|
NOK 10,000 | 12 months | 12.9% | 17.8% | NOK 915 | NOK 10,980 |
NOK 20,000 | 24 months | 13.5% | 19.2% | NOK 1,020 | NOK 24,480 |
NOK 50,000 | 36 months | 11.0% | 15.5% | NOK 1,695 | NOK 61,020 |
NOK 70,000 | 60 months | 9.9% | 13.4% | NOK 1,530 | NOK 91,800 |
Note: These numbers are estimates and can vary by lender and credit score. The effective rate includes setup fees, admin charges, and interest.
Comparison: Top Fast Loan Providers in Norway
Provider | Loan Amount | Interest Rate (Nominal) | Term | Age Requirement | Payout Time |
---|---|---|---|---|---|
Thorn | NOK 10,000 – 150,000 | 21.60% – 26.40% | 24 – 60 months | 25+ years | Same day if approved |
Zensum | NOK 20,000 – 800,000 | Varies (from ~4.9%) | 12 – 60 months | 20+ years (typical) | Within 1–2 days |
Klikklån | NOK 10,000 – 100,000 | 21.60% – 26.40% | 24 – 60 months | 25+ years | Same day (if early apply) |
Uno Finans | NOK 10,000 – 600,000 | ~11% – 26.40% | 12 – 180 months | 20+ years | Often same day |
Låneråd | NOK 10,000 – 600,000 | 8.19% – 26.23% | 12 – 240 months | 20+ years | 1–2 business days |
Fast Loan Without Collateral (Unsecured Loan)
A fast loan in Norway is almost always unsecured, meaning you don’t need to pledge any collateral such as a house, car, or other assets. This makes it an attractive option for individuals who need money quickly but don’t want to risk losing personal property.
Unlike secured loans (for example, car loans or mortgages), an unsecured fast loan is based solely on your creditworthiness – typically your income, credit score, and payment history. If your credit rating is strong, you may be offered a lower interest rate, while a weaker score often results in higher costs or rejection.
The main benefit of unsecured fast loans is flexibility. You can use the money as you want – whether for unexpected expenses, medical bills, home repairs, or travel. And since no collateral is involved, the application is usually faster and simpler.
However, unsecured loans also come with some drawbacks:
- Higher interest rates: Because the lender takes on more risk, the cost is generally higher than secured loans.
- Lower maximum amounts: Most fast loans cap at NOK 600,000–800,000, and first-time borrowers may be offered even less.
- Stricter eligibility: Lenders will be more cautious if your credit history is short or includes payment remarks.
Always check the effective interest rate (effektiv rente) and total repayment amount before accepting an offer. Even though no assets are on the line, defaulting on an unsecured loan can still harm your credit and lead to debt collection.
This type of loan is best suited for those who:
- Need funds urgently
- Have a stable income
- Do not want to risk their personal property
- Can repay the loan within the agreed term
If that describes your situation, a fast unsecured loan can be a convenient and legal way to bridge a financial gap.
How Credit Score Affects Fast Loan Terms
Your credit score plays a critical role in determining the terms of any fast loan in Norway. It influences not only whether your application is approved, but also how much you can borrow, the interest rate you’re offered, and how flexible the repayment terms will be.
Lenders in Norway typically use external credit agencies like Experian, Bisnode, or data from Gjeldsregisteret to assess your financial reliability. The score reflects your payment history, active debts, income, and public records (such as past defaults or collection cases).
Here’s how your credit score impacts your loan:
- High credit score (few or no payment remarks, stable income):
- Lower interest rates (as low as 4.9% nominal)
- Higher loan amounts (up to NOK 800,000)
- Longer repayment terms
- Fast approval and fewer documentation requirements
- Medium credit score (some debt, but no recent defaults):
- Moderate interest rates (typically 10–18%)
- Lower loan amounts
- Stricter terms and documentation needed
- Low credit score (recent payment remarks or debt collection cases):
- High interest (often 20–30% or more)
- Small loan amounts or full rejection
- Few lenders willing to make an offer
Lenders also consider debt-to-income ratio, which compares your monthly income to your total loan obligations. Even with a good credit score, too much existing debt can limit your chances.
If you’re unsure of your credit status, you can request a free credit report once a year from the agencies that operate in Norway. Understanding your score before applying helps you avoid rejections and target lenders that match your financial profile.
In short: The better your credit score, the cheaper and more flexible your fast loan will be.
FAQ
Can I get a fast loan as a foreigner in Norway?
Yes, many lenders accept foreign applicants, especially if you have a registered income, a Norwegian bank account, and BankID. Some even accept D-numbers, though your options may be fewer.
How fast is the payout?
If approved, many fast loans are paid out the same day – sometimes within 1–2 hours. Applications made outside office hours are usually processed the next business day.
Can I get a fast loan with bad credit?
It’s possible, but harder. You may be offered higher interest rates or lower loan amounts. If you have recent payment remarks or active collections, most lenders will decline your application.
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