Updated on 19 September 2020
Established in 2000, Basisbank became the first pure direct bank in Denmark. Basisbank provides savings products, payment cards, consumer and car loans, trading accounts online.
Spar Nord Bank is a local Danish bank, focused on providing retail banking products and services to individuals and SMEs, including loans, payment cards, cash management as well as a wide range of savings, insurance and pension products.
Denmark: This product is offered to Danish residents only. When clicking on the product link you will be redirected to the product page in Danish.
Consumer loans are secured or unsecured loans given to customers for personal, family, or household purposes or for purchase of goods and services. Unsecured consumer loans (which are not backed or secured by a collateral) are typically have higher interest rates than secured loans. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term).
The table above shows essential details of selected consumer loans products offered to retail customers by the banks in Denmark: currency, effective rate per annum and loan term in months. The consumer loans terms vary from 12 month to 6 years (72 months). The effective borrowing rates are within the range 14.85 - 29.85 %.