SMS Loan in Denmark

Showing all 3 offers
LoanExpat may receive compensation from partners when you click or apply through links on this page. This does not affect our editorial content.
High amount
L'easy Minilån
Loan amount DKK 10,000 – DKK 150,000
Interest from 19.65%
Min. age 20 years
Duration 36–102 Months
Payout Varies
Apply Now
DKK 10,000 over 84 months. Variable debtor interest rate: 19.56%. APR: 22.92%. Monthly payment: 227 kr. Total repayment: DKK 19,067 Total credit costs: 9,067 kr. Set-up costs and payment fees are included in all calculations. Based on payment via HomeBanking. Right of withdrawal 14 days.
Accepts remarks
Cashper
Loan amount DKK 3,000 – DKK 20,000
Interest from 24.31%
Min. age 18 years
Duration 6 Months
Payout Varies
Apply Now
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: 3195.06 kr. Monthly payment: 533 kr. per month for 6 months.
Ferratum
Loan amount DKK 2,500 – DKK 20,000
Interest from 24.99%
Min. age 21 years
Duration 9–199 Months
Payout Varies
Apply Now
Minimum monthly payment: 3.18% of the outstanding credit or a minimum of $150, whichever is greater. Minimum repayment: 9 months. Maximum repayment: 199 months. Ferratum Kredit is a flexible revolving credit, which means that you only 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 on the credit agreement.
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.
All offers shown
L'easy Minilån
Recommended: L'easy Minilån Borrow up to DKK 150,000 with interest rates from 19.65%.
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.

SMS Loans in Denmark for Expats

Expats living in Denmark requiring quick access to funds can consider SMS loans. These are typically for smaller amounts and shorter repayment periods compared to standard personal loans. Understanding the terms and conditions is crucial before applying.

Provider Overview

The following providers offer SMS loan options in Denmark. Review the comparison grid above for specific details on amounts, terms, and interest rates for each.

Understanding SMS Loan Features

SMS loans, also known as payday loans or quick loans, are designed for immediate financial needs. They are characterized by:

  • Loan Amounts: Typically range from DKK 3,000 to DKK 20,000, although some providers may offer higher amounts. For instance, L’easy Minilån allows amounts up to DKK 150,000, though this exceeds typical SMS loan parameters.
  • Repayment Terms: These loans often have short repayment periods, commonly ranging from 6 months up to 199 months depending on the provider and loan amount. L’easy Minilån offers terms up to 102 months, while Ferratum provides terms up to 199 months. Cashper has a fixed term of 6 months.
  • Interest Rates: SMS loans can have higher interest rates and effective APRs compared to traditional bank loans. For example, Cashper shows an effective APR of 24.31% for a DKK 3,000 loan over 6 months. L’easy Minilån lists an effective APR of 22.92% for its example loan. Ferratum’s rates are around 24.99% effective APR. Always check the specific Annual Percentage Rate (APR) to understand the full cost of borrowing.
  • Eligibility: Applicants generally need to be at least 18 or 21 years old, possess a Danish CPR number, and have a Danish bank account. Age requirements vary by provider; L’easy Minilån requires borrowers to be at least 20, while Ferratum requires a minimum age of 21.
  • Application Process: Applications are usually completed online. Approval times can be fast, with some providers offering same-day fund disbursement.

Key Considerations for Expats

As an expat in Denmark, ensure you meet the specific requirements for each provider. This often includes a valid residence permit and proof of income. It is vital to understand the loan agreement, especially regarding repayment schedules and fees for late payments.

Choosing the Right Provider

When comparing SMS loans in Denmark, prioritize the total cost of the loan, not just the advertised interest rate. Look at the loan example provided by each lender, which includes the APR, total repayment amount, and total credit costs. Factors like setup fees, monthly administration fees, and late payment penalties contribute to the overall expense.

Alternatives to SMS Loans

If an SMS loan does not meet your needs, or if you are seeking larger sums or longer repayment periods, explore other loan types available to expats in Denmark. These include:

For a broader view of loan types available internationally, visit our loan types hub. For specific information on SMS loans across different countries, see our SMS loan guides.

Important Information

This content is for informational purposes only and does not constitute financial advice. Loan Expat does not guarantee loan approval. Always conduct your own due diligence and consider seeking independent financial advice before making any borrowing decisions.

What is a Danish SMS loan?

An SMS loan in Denmark is a type of short-term, unsecured loan, often referred to as a payday loan. It is typically for a smaller amount and meant to be repaid quickly, usually within a few months. Expats can apply online.

Who can apply for an SMS loan in Denmark?

To apply for an SMS loan in Denmark, you generally need to be a resident, possess a Danish CPR number, have a Danish bank account, and meet the minimum age requirement, which varies by lender but is often 18 or 21 years old.

What is the typical APR for an SMS loan in Denmark?

SMS loans in Denmark often have higher APRs compared to traditional loans. For example, loan examples show effective APRs ranging from approximately 22.92% to over 24.31%, depending on the provider and loan terms.

How fast can I get an SMS loan in Denmark?

The application process for SMS loans is generally fast, with approval and fund disbursement often possible on the same day or within a few business days after approval.

Last updated: 22. June 2026