Loans in Denmark

Kristian Ole Rørbye

·

Updated 23. June 2026

·

Advertisement
i

This content may contain affiliate or advertising links. If you click and make a purchase, we may receive a commission. Your price is not affected.

Showing all 11 offers

Order by Our order Lowest APR Highest limit

LoanExpat may receive compensation from partners when you click or apply through links on this page. This does not affect our editorial content.

High limit

Matchbanker

Typical APR 2.04%

Borrow DKK 1,000 – DKK 500,000

Repayment period 1–15 Years

From age 18 years Payout speed: Varies

Apply Now

Representative example: Total loan amount: 40,000 kr. – Term: 5 years – Monthly repayment from: 755 kr. to 1,038 kr. – APR from: 2.04% to 24.99% – Term: 1–15 years – Total borrowing costs: DKK 5,274 to DKK 22,199 – Total repayment: DKK 45,274 to DKK 62,199 – Maximum APR 24.99%.

High limit

Letfinans

Typical APR 3.69%

Borrow DKK 10,000 – DKK 500,000

Repayment period 1–15 Years

From age 21 years Payout speed: Varies

Apply Now

Representative example: Price example: Total credit amount 150,000 kr. APR 4.11%. Variable borrowing rate 3.55%. Set-up fee 2,550 kr. Total repayment 193,325 kr. Total credit costs: DKK 43,325. APR range: 3.69% – 24.99%. The terms of the agreement depend on your credit rating. You may cancel the credit agreement within 14 days.

High limit

Weblånet

Typical APR 7.53%

Borrow DKK 25,000 – DKK 500,000

Repayment period 1–15 Years

From age 20 years Payout speed: Varies

Apply Now

Representative example: At a variable interest rate of 7.00%. Price example: Total loan amount DKK 238,000. APR 7.86%. Monthly repayment approx. DKK 2,380. Total repayment: DKK 307,522. Total borrowing costs: DKK 69,522.

High limit

D:E:R

Typical APR 19.65%

Borrow DKK 10,000 – DKK 150,000

Repayment period 36–102 months

From age 20 years Payout speed: Varies

Apply Now

Representative example: 25,000 kr. over 84 months. Variable borrowing rate: 19.56%. APR: 22.92%. Monthly repayment: 567 kr. Total repayment: 47,668 kr. Total credit costs: 22,668 kr. Set-up costs and payment fees are included in all calculations. Based on payment via HomeBanking. 14-day right of withdrawal.

High limit

MyLoan24

Typical APR 2.04%

Borrow DKK 5,000 – DKK 500,000

Repayment period 12–180 Months

From age 18 years Payout speed: Varies

Apply Now

Representative example: Total loan amount: 175,000 kr. – Term: 11 years. APR: 7.45%. – Variable borrowing rate: 7.00%. – Arrangement fee: DKK 1,750. – Expected monthly repayment: DKK 1,924. – Total repayment: DKK 253,968. – Term: 1–15 years. – APR: 2.04–24.99%. – Maximum APR: 24.99%.

High limit

Arcadia Finans

Typical APR 11.85%

Borrow DKK 25,000 – DKK 500,000

Repayment period 1–15 Year

From age 18 years Payout speed: Varies

Apply Now

Representative example: Loan of 30,000 kr., term of 4 years, variable interest rate: Monthly repayment 780–900 kr., borrowing rate 9.95%–18.95%. APR before tax from 11.85% to 20.84%. Total borrowing costs DKK 7,402–13,119, and the total amount repaid from DKK 37,402 to 43,119. APR 4.9–24.9 per cent. Term 1–15 years. * The monthly instalment is calculated using an interest rate of 5 per cent.

High limit

PayMark Finans

Typical APR 19.65%

Borrow DKK 10,000 – DKK 150,000

Repayment period 36–102 Months

From age 20 years Payout speed: Varies

Apply Now

Representative example: 40,000 kr. over 84 months. Variable borrowing rate: 19.56%. APR: 22.92%. Monthly repayment: 908 kr. Total repayment: 76,270 kr. Total credit costs: 36,270 kr. Set-up costs and payment fees are included in all calculations. Based on payment via HomeBanking. 14-day right of withdrawal.

High limit

L'easy Kontantlån

Typical APR 19.65%

Borrow DKK 10,000 – DKK 150,000

Repayment period 36–102 Months

From age 20 years Payout speed: Varies

Apply Now

Representative example: 10,000 kr. over 84 months. Variable borrowing rate: 19.56%. APR: 22.92%. Monthly repayment: 227 kr. Total repayment: 19,067 kr. Total credit costs: 9,067 kr. Set-up costs and payment fees are included in all calculations. Based on payment via HomeBanking. 14-day right of withdrawal.

Ferratum

Typical APR 24.99%

Borrow DKK 2,500 – DKK 20,000

Repayment period 9–199 Months

From age 21 years Payout speed: Varies

Apply Now

Representative example: Minimum monthly repayment: 3.18% of the outstanding credit or a minimum of 150 kroner, whichever is greater. Minimum repayment period: 9 months. Maximum repayment period: 199 months. Ferratum Credit is a flexible revolving credit facility, which means you simply use the credit you need. You can repay your credit at any time. The repayment period depends on the amount you choose to pay each month and on the amount of credit you have used. There is a 14-day right of withdrawal from the credit agreement.

Remark-friendly

Cashper

Typical APR 24.31%

Borrow DKK 3,000 – DKK 20,000

Repayment period 6 Months

From age 18 years Payout speed: Varies

Apply Now

Representative example: Example: The interest rate is fixed. For a loan of 3,000 kr. with a term of 6 months, the nominal interest rate is 21.96%. The total cost as a percentage is 24.31%. Total repayment amount: DKK 3,195.06. Monthly payment: DKK 533 per month for 6 months.

High limit

L'easy Minilån

Typical APR 19.65%

Borrow DKK 10,000 – DKK 150,000

Repayment period 36–102 Months

From age 20 years Payout speed: Varies

Apply Now

Representative example: 10,000 kr. over 84 months. Variable borrowing rate: 19.56%. APR: 22.92%. Monthly repayment: 227 kr. Total repayment: 19,067 kr. Total credit costs: 9,067 kr. Set-up costs and payment fees are included in all calculations. Based on payment via HomeBanking. 14-day right of withdrawal.

Borrowing costs money. Borrowing costs money. If you cannot repay on time, it may affect your credit record and make future borrowing more difficult. Always compare the total cost of credit before applying.

Refine All offers visible

Top pick: Matchbanker Up to DKK 500,000 from 2.04% APR.

Apply Now

LoanExpat may receive compensation from partners when you click or apply through links on this page. This does not affect our editorial content.

Securing loans in Denmark as a foreign resident requires a clear understanding of the local credit culture, which is heavily reliant on individual CPR numbers and digital integration. Many expats mistakenly assume that a high salary in their home country or a prestigious job title in Copenhagen will automatically qualify them for credit, but Danish lenders prioritize local stability, residency status, and a clean record in the national debtor registers.

The Danish banking system is highly digitized, meaning that your financial history is often visible to lenders through automated systems. Before applying for any credit product, it is essential to ensure your MitID is active and your tax records (årsopgørelse) are up to date. Small errors in your reported income or a lack of history in the Danish system can lead to immediate automated rejections, even if your actual financial standing is strong.

Common Pitfalls for Expats Seeking Credit

One of the most frequent mistakes is applying for credit too soon after arriving in the country. Most lenders prefer to see at least one year of residency and a consistent history of salary payments into a Danish bank account. If you have just moved for a new role, wait until you have passed your probationary period (prøveperiode), as banks view the risk of job loss during this window as a significant barrier to approval.

Another issue is the underestimation of the ÅOP (Årlige Omkostninger i Procent). While interest rates might look low, the total annual percentage rate includes all fees and administrative costs. Residents often find that unsecured borrowing for personal use carries much higher overheads than expected. Always compare the ÅOP rather than the nominal interest rate to understand the true cost of the debt.

Eligibility and Required Documentation

Lenders in Denmark are legally required to perform a credit assessment to ensure you can afford the repayments. This process is generally faster for those who have lived in Denmark for several years. For those with shorter tenures, the requirements are stricter. This information is not financial advice, and being eligible does not guarantee that a lender will approve your specific application.

The Role of RKI and Debitor Registret

Denmark maintains central databases for individuals who have failed to pay their debts. Being listed in RKI (Ribers Kredit Information) or Debitor Registret effectively blocks you from obtaining any form of credit, including mobile phone contracts or utility accounts. If you have outstanding debts, it is often more effective to look into a new strategy to restructure existing debt before seeking additional funds.

If you find yourself listed, the only practical way to regain creditworthiness is to pay off the debt in full. Once the debt is settled, the listing is typically removed immediately or within a short period. Expats should be cautious about ignored invoices or unpaid tolls, as these can escalate to RKI registration faster than in many other European countries.

Understanding Interest Rates and Terms

Interest rates in Denmark can be fixed or variable. Most consumer loans utilize variable rates, meaning your monthly payment can fluctuate based on market conditions. For long-term commitments, such as when looking at financing a home purchase, the choice between fixed and variable rates becomes the most significant financial decision you will make.

Lenders also assess your “rådighedsbeløb”—the amount of money you have left after all fixed expenses and taxes are paid. If your disposable income does not meet the bank’s internal threshold for a household of your size, they will reject the application regardless of how much you earn. This calculation is standardized across the industry but varies slightly between traditional banks and online lenders.

Digital Application Process

The application process for credit in Denmark is almost entirely paperless. Once you select a provider, you will typically log in with MitID, which allows the lender to pull your data directly from SKAT (the Danish tax authority). This process provides them with your last few payslips and your most recent tax return automatically.

• Select a loan amount that fits your monthly disposable income.
• Use MitID for instant identity and income verification.
• Review the loan agreement digitally before signing.
• Funds are typically transferred to your NemKonto within 1-3 business days.
• Set up payments via Betalingsservice to avoid late fees.

If you are considering purchasing a vehicle, you might find that financing a car through specialized lenders offers different terms than a standard consumer loan. Often, the car serves as collateral, which can sometimes result in more favorable interest rates compared to unsecured options. However, this also means the lender can repossess the vehicle if you default on the payments.

Ultimately, successfully obtaining loans in Denmark depends on your ability to demonstrate long-term financial stability and a clear understanding of your obligations under Danish law. Always read the fine print regarding early repayment, as many Danish lenders allow you to pay off the balance ahead of schedule without incurring additional penalties.

Last updated: 23. June 2026