Lånio operates as a digital marketplace, providing a platform for Danish consumers to compare loan options, ensuring they receive optimal terms for their financial needs. Established in 2016 by Mark Thorsen, the company is headquartered in Copenhagen, Denmark, and employs 13 people. Lånio’s service simplifies the loan application process, allowing users to receive multiple offers from banks by submitting a single application, promoting transparency in the lending market.

Customers can request loans ranging from 10,000 to 400,000 DKK, with repayment terms extending from 12 to 180 months. Interest rates vary between 3.49% and 25%, catering to a diverse array of financial needs, including personal, car, short-term, and long-term loans. For instance, a 150,000 DKK loan over 15 years would entail monthly payments of 1,367 DKK, with a total repayment sum of 246,127 DKK.

An example provided illustrates the potential financial commitment: a loan of 150,000 DKK over 15 years could entail a monthly installment of 1,367 DKK, with a fixed debtor interest rate of 7.3% and additional costs, leading to a total repayment of 246,127 DKK. This example underscores the importance of considering the full terms of a loan, including the annual percentage rate and total repayment amount.

Lånio’s approach is user-centric, emphasizing clarity and user safety. The process involves initial application, receiving multiple offers, selecting the best one, and completing the process with the chosen bank. This method ensures users are well-informed and can make decisions that best suit their financial circumstances.

The company also places a high emphasis on responsible lending and user security. Collaborating only with banks that align with their values, Lånio ensures that only eligible applicants receive loans. They also undergo regular reviews by independent financial experts to maintain the accuracy and reliability of their advice.