Loans in Denmark
Here we explain how to get a loan in Denmark, what is required and which banks and lenders are best for you.
Best loan in Denmark
LendMe provides unsecured loans up to 400,000 kr. With a free application, you can get more than 10 loan offers, making it easy for you to compare lenders' interest rate offers. Using Lendme's brokerage service is always completely free.
Ansøg nu Få skræddersyede lånetilbudCompare danish loans
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Statistik
Get an overview of lender differences to help you make the right choice.
| Laveste lånebeløb | 2.500,00 kr. |
|---|---|
| Højeste lånebeløb | 400.000,00 kr. |
| Gennemsnitlig laveste rente | 13,41 % |
| Gennemsnitlig højeste rente | 18,23 % |
| Unge låntagere | 4 Långivere, der accepterer låntagere under 20 år. |
Find det bedste lån med vores lånetest
Use the loan guide to get personalised loan offers tailored to your needs and preferences.
Let Kreditium help you find loans in Denmark
Finding and comparing loans in Denmark can be overwhelming, especially if you have no previous experience with borrowing money or are unfamiliar with how it works in Denmark. That's where we at Kreditium come in.
With our years of expertise in comparing financial products such as loans and credit cards, we can help you quickly find the loan in Denmark that suits your needs.
On our platform, you can easily compare different lenders and banks. We have done the hard work for you by gathering all lenders in one place, and our experts have also reviewed each lender so that you can quickly see where you might find loans that suit you.
- Find the loan in Denmark that's right for you with our free comparisons.
- Information on requirements, interest rates, fees and much more in one place.
- With our expertise in Danish loans, we can ease the process of finding loans that suit you
Important concepts to understand before comparing loans in Denmark
Before you start comparing loans here on our platform, there are several loan terms and their Danish equivalents that you need to have an understanding of:
- Rente = Interest rate
- ÅOP = ARP
- Etableringsgebyr = Establishment fees
- Administrationsgebyr = Administration fee
- stiftelsesgebyr = Registration fee
- Kreditomkostninger = Total cost
- Samlet tilbagebetaling = Total amount to pay back
Requirements
As in the rest of Europe, or the world for that matter, you must fulfil certain requirements in order to apply for and be granted a loan in Denmark. Exact requirements vary from lender to lender, but the basic requirements are always the following:
At least 18 years of age
You must be at least 18 years old to borrow money in Denmark. However, be aware that some lenders may require you to be older than that.
Resident in Denmark
To apply for a loan in Denmark, you must be a resident of the country.
Declared income
Lenders cannot and will not grant you a loan if you cannot show any form of income. However, exact income requirements vary between lenders and income does not always have to come from a permanent job.
You must not be registered in the RKI
If you are registered in RKI, you will not be able to apply for a loan in Denmark. No lender is willing to grant you a loan when you are in this situation as it indicates that you may not be able to handle money responsibly.
In order to apply for a loan online in Denmark, you must have an e-identification like MitID. You can read more about how to get a MitID here.
How to apply for a loan in Denmark
Applying for a loan in Denmark is both quick and easy. With fully digitalised online application processes, you can be done with your application within minutes. That said, you need to pay attention to detail and understand what information is being requested.
Here is our guide that goes through each step of the application process in detail:
Compare lenders
Start by comparing lenders and banks in Denmark. Take a closer look at their loan products, interest rates and other conditions.
Decide which loan type is right for you
Decide on the type of loan that suits your purpose Different types of loans also come with different types of requirements and conditions.
Fill in your application online
All the lenders we compare here at Kreditium.dk have digital application forms. Fill in your chosen lender's application form with the information requested and sign with MitID.
Approval process
Once you have submitted your application, the lender will review it, and will also carry out a credit check on you. The process can take anywhere from an hour to 1 business day.
Sign the agreement
If your loan is approved, a contract will be sent to you. Read the terms and conditions carefully and sign your agreement with MitID. After signing the agreement, the disbursement of your loan will begin, which can take anywhere from a few hours to 2-3 business days.
How much does it cost to get a loan?
In Denmark, lenders and banks set their own interest rate ranges based on the prevailing policy rate. In addition to interest, there may also be fees that increase the total cost of the loan. This means that we can't tell you how much your particular loan might cost.
We have therefore selected three lenders below to give you some example costs to consider. The examples below are based on a loan amount of 100,000 kr.
| Lånebeløb | Tilbagebetalingsperiode | Månedlig betaling | Renteomkostninger | Afgifter |
|---|---|---|---|---|
| 100.000 kr. | 2 år | 4.635,42 kr. | 3.750,00 kr. | 7.500,00 kr. |
| 100.000 kr. | 3 år | 3.140,28 kr. | 5.550,00 kr. | 7.500,00 kr. |
| 100.000 kr. | 4 år | 2.392,71 kr. | 7.350,00 kr. | 7.500,00 kr. |
Eksemplet har vi baseret på den lavest mulige rente på 3.6 hos LendMe med et administrationsgebyr på 0 kr. og 7.500 kr. i oprettelsesgebyr.
| Lånebeløb | Tilbagebetalingsperiode | Månedlig betaling | Renteomkostninger | Afgifter |
|---|---|---|---|---|
| 100.000 kr. | 2 år | 4.678,82 kr. | 7.291,67 kr. | 5.000,00 kr. |
| 100.000 kr. | 3 år | 3.216,44 kr. | 10.791,67 kr. | 5.000,00 kr. |
| 100.000 kr. | 4 år | 2.485,24 kr. | 14.291,67 kr. | 5.000,00 kr. |
Eksemplet har vi baseret på den lavest mulige rente på 7 hos Lendo med et administrationsgebyr på 0 kr. og 5.000 kr. i oprettelsesgebyr.
| Lånebeløb | Tilbagebetalingsperiode | Månedlig betaling | Renteomkostninger | Afgifter |
|---|---|---|---|---|
| 100.000 kr. | 2 år | 4.563,80 kr. | 9.531,25 kr. | 0,00 kr. |
| 100.000 kr. | 3 år | 3.169,62 kr. | 14.106,25 kr. | 0,00 kr. |
| 100.000 kr. | 4 år | 2.472,53 kr. | 18.681,25 kr. | 0,00 kr. |
Eksemplet har vi baseret på den lavest mulige rente på 9.15 hos Bank Norwegian med et administrationsgebyr på 0 kr. og 0 kr. i oprettelsesgebyr.
Different types of loans in Denmark
When you start looking for loans in Denmark, you will quickly realize that there are many different types of loans, ranging from personal loans and instant loans to car loans and mortgages.
Before you start comparing loans, it is good to be clear about the exact purpose of the loan, how much you need to borrow and an approximate term you want. This will help you decide which type of loan best suits your borrowing needs.
Refinancing loans
Loan refinancing means borrowing money to pay off your current small loans and credits. You then take out a loan equal to your current debt. If your application is approved, your chosen lender will pay off your current loans, leaving you with only one larger loan. The new loan will usually have a much lower interest rate and you will also pay fewer fees the fewer loans you have.
You will rarely have access to the money you borrow, as the lender will take the loan and pay off your other loans immediately. You do not control how the money you borrow is used.
Examples of lenders in Denmark offering refinancing loans
Quick loans
Quick loans in Denmark are usually smaller loans with shorter maturities and higher interest rates. These loans are mainly used by those who urgently need to borrow a small amount of money to cover an unexpected expense.
The supply of quick loans in Denmark is relatively small, but there are a few lenders offering this type of loan.
The instant loans we have compared here at Kreditium.dk are as follows:
Keep in mind that payday loans and other types of small loans often have higher interest rates and fees compared to larger loans such as personal loans.
Personal loans
Personal loan is a broad term that actually covers all unsecured loans in Denmark. It can therefore be said that instant loans and small loans are also basically personal loans, but that these have been given their own names to better describe what these loans look like.
However, to clarify what is most often meant by personal loans in Denmark, it is as follows:
- A loan between 10 000 - 400 000 DKK
- A loan with a term of between 1 - 15 years
- A loan without collateral requirements
- An interest rate between 3.60 - 20.95
Examples of typical personal loans in Denmark
Car loans in Denmark
In Denmark there are two different types of car loans, secured car loans and unsecured car loans.
An unsecured car loan is just a regular personal loan where the money is used to buy a car. This type of loan can be an option for those who simply have no collateral for a secured car loan. However, keep in mind that an unsecured car loan always has a higher interest rate than a secured car loan.
A secured car loan, on the other hand, has collateral requirements, usually your current car or your home and leads to a lower interest rate. Collateral requirements are standard when you buy through, for example, an authorised car dealer in Denmark.
Here are a few examples of unsecured car loans in Denmark:
Mortgages in Denmark
In Denmark, you can borrow up to 75% of the value of your home with a mortgage loan. This means that you have to make a cash deposit to cover the remaining per cent of the purchase price of the home.
It is primarily the major banks in Denmark that handle mortgages, and we recommend that you talk to your bank if you are thinking of buying a home.
How long does it take to receive the money?
Payout times vary between different banks and lenders. Some lenders can disburse loans on the same day you apply, while others pay out only after 1-3 business days.
However, instant loan disbursement in Denmark is very unusual, largely due to the fact that a credit check must be carried out on you in connection with your application. This process, together with the fact that the lender also has to make a decision, means that payment is usually not made until the next banking day or later.
Typically, quick loans or other forms of small loans have faster disbursement times than larger personal loans.
Remember that it costs money to borrow money
Borrowing money is always a big risk. You enter into a contract where you promise to repay the money borrowed, plus interest charges and any fees.
It is therefore important that you have a clear plan for repaying your loan before you apply and that you are fully aware of the costs involved in your new loan.
If you have problems repaying your loan in Denmark, it can lead to serious financial consequences such as:
- Expensive reminder fees and interest on late payments.
- Registration in the RKI.
- Difficulties in obtaining housing or taking out new loans in the future.
Questions and answers
Yes, but you must be a permanent resident of Denmark, have a job and an income, and be able to fulfil other requirements set by lenders.
Lenders and banks all have individual interest rates. The rate you are offered depends on your income, creditworthiness and other factors. So we can't tell you what interest rate you might get. However, you can find the lenders' interest rate ranges in the list of loans above.
Magne Frost
Sidst opdateret 4.4.2025Magne Frost er forfatter hos Kreditium.dk siden 2024 og står bag en stor del af de anmeldelser og artikler, du kan læse her på siden. Magne har en grad i journalistik og har tidligere skrevet flere uafhængige økonomiblogs. Med en stor interesse for personlig økonomi og opsparing bidrager Magne med stor forståelse for forbrugerkreditter i Danmark.
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