Money loans

Private loan companies' loans are the easiest way to take on money loans in Denmark. The loans are named many different things as payday loans, quick loans, fast loans and consumer loans.

Common to them is that they are unsecured loans that you are free to use for whatever you want. The loan companies do not care rather, you use the money for fun, food on the table, electronics or travel. They only care for you to pay back on time. Although, the loans are very flexible you have influence on the loan amount and the terms of the loan.

Money loans Denmark – everyone can get one

In Denmark, it is very easy to take on a money loan. Almost everyone will be approved when applying. You apply for the loan online via your computer or your smartphone and almost immediately, you will receive the answer. Typically, if you are approved, you will receive the money in your bank account within 24 hours. Some loan companies even pay out the loan amount within few hours of the approval.

You can apply for a loan in Denmark if you:

  • are over 18 years old
  • have a Danish bank account
  • have a Nem-ID

Some of the private loan companies have other requirements as a fixed income or that you are not registered in RKI (register for bad payers). Some also have a higher minimum age.

How to apply for a money loan?

First, you choose the loan you want to apply for. Find the cheapest loan (lowest ÅOP), the biggest loan or the loan with the best terms that fit you.

Find and choose the loan you want to apply for. Enter your personal information and apply for the loan. Within a very short time you will receive an answer in your mailbox. If you are approved for the loan, you must answer to confirm. Depending on the loan you have chosen, you will, within a short time receive the loan amount in your personal bank account. At some loan companies, it only takes few hours or even minutes, at other loan companies it takes a day or two. Higher loan amounts typical takes longer time to pay out.

Be realistic when taking on a loan

Because it is so easy to apply and get approved for a loan, many people end up in debt that they cannot afford. Therefore, be realistic when applying for a loan. Choose loan terms that fit your budget so that you are able to pay back your loan every month.

Money loans can be a good help if you need a new washing machine, if you need a vacation or if you get an unexpected bill. But remember that the money is borrowed and that you have to pay back each month from now until the loan is completely paid out.

If you are a student, you can also consider an advantageous student loan.