On this page
One site, five countries, local rules
Banknorden compares loans in Finland, Spain, Norway, Denmark and Sweden. Borrowing works differently in each country: the interest caps, the way costs must be shown and the registers that lenders must be in all follow national law. That is why every country has its own section, in its own language, with guides written for the rules that apply there. Choose your country above to see offers and guides for where you live.
Where can you borrow?
Lenders generally lend to people who live in their country, and they check your identity, income and credit record through national systems such as online banking IDs and credit registers. In practice, this means you apply for a loan in the country where you live and are registered, not in the country with the lowest rates. If you have recently moved, expect lenders to ask for proof of residence and income in your new country, and be aware that a short credit history there can limit what you are offered at first.
What to compare, wherever you borrow
Two numbers tell you most about a loan in every market. The effective annual rate shows what the loan costs per year, including interest and mandatory fees. The total amount repayable shows what you pay back in money, from the first payment to the last. Two loans with the same effective rate can still cost very different amounts if one runs for twice as long, so look at both, and choose the shortest term you can comfortably afford.
Before you sign, every lender in these markets must give you the standard European consumer credit information. It sets out the amount, term, rates, fees and total cost in the same format at every lender, which makes offers easy to compare side by side. You also have a right to withdraw from a consumer credit agreement within 14 days.
Nordic car finance
Banknorden also covers car finance across the Nordics: car loans secured on the vehicle, unsecured loans for a car, residual-value loans and how they compare with leasing. You will find these guides in each country section – for example billån in Sweden, billån in Denmark, billån in Norway and autolaina in Finland.
Borrow only what you need
A loan makes sense when it pays for something necessary and the repayments fit your budget. If the money would go on everyday costs, or on paying other debts without a plan, the problem usually grows. If you already struggle to pay, a new loan does not remove a payment default and may make things worse. Talk to your creditors about a payment plan, and look for free debt advice in your country before borrowing more.
How Banknorden works
Banknorden is free to use. We do not lend money and we do not make credit decisions: the lender you choose assesses your application and signs the agreement with you. We earn a commission from some of the lenders shown on the site when a loan is applied for through us. You can read how we choose and present offers, how we earn money and who reviews our content on How we compare.