Facit Bank specializes in savings and loan services, distinguishing itself as a niche player in the banking sector. Unlike traditional banks, Facit Bank does not require customers to switch their primary banking institution to access its services. This aspect positions Facit Bank as a strong and relevant addition for individuals seeking competitive interest rates for savings or straightforward loan options.

Operating exclusively online, Facit Bank has eliminated physical branches to focus on a digital-first approach. This strategy allows for quicker response times and efficient customer service without the need for in-person meetings. The bank’s clear business focus enables it to offer attractive interest rates for both savings and loans.

Loan services at Facit Bank cater to various needs, offering long-term, personal, and car loans. Loan amounts range from DKK 10,000 to DKK 300,000, with repayment periods spanning 36 to 120 months. Interest rates vary from 9.39% to 24.98%, ensuring options to fit different financial situations. An example loan scenario provided by the bank includes a DKK 40,000 loan over 60 months, with a total repayment amount ranging from DKK 52,254 to DKK 61,120, illustrating the bank’s transparent approach to lending.

Facit Bank serves around 35,000 customers across Denmark, Sweden, and Norway, ensuring reliability and security through inclusion in the depositor guarantee scheme. This aspect reinforces customer confidence in the bank’s stability and trustworthiness.

The bank’s innovative approach includes a mobile banking app, “Facit Bank DK,” available for both iOS and Android devices. This app offers customers convenient access to their agreements and the ability to communicate directly with the bank, emphasizing Facit Bank’s commitment to modern, user-friendly banking solutions.