As a student, it is not a completely unfamiliar experience to stand and lack money when the month is about to end. There is no room for many pleasures, unforeseen expenses or all the expensive educational material in the tight budget. Therefore, 35% of students take out a loan, making everyday life easier to get together.

But what is the best loan? The overview can be difficult to form, but fortunately there are solutions.

The various loans

student loan

Borrowing from the bank can be a lengthy process that does not exactly solve the acute problem that you as a student can face. The money should most often come into the account in a hurry so that spending can get out of the world. At the same time, you may prefer to pay back quickly.

With our quick loan, you can borrow up to DKK 10,000 and have to repay the amount within 30 days. However, new rules on quick loans require you to wait 48 hours before you can approve the loan. However, you can take advantage of the fact that it is possible to borrow up to DKK 4,000 interest-free if this is the first loan you take out.

With the credit, however, you can borrow up to DKK 15,000. Here you also have the option to repay over a longer period. As a rule, you have no repayment period with the credit. This means that you can either choose to repay within 14 days or 12 months with the option of renewal. It is up to you. So here you get both the short repayment as with a quick loan, while giving you the opportunity to postpone the repayment.

In addition, as a new borrower, you get the first 30 days interest-free

In addition, as a new borrower, you get the first 30 days interest-free

So, for example, the NOK 4,000 you in the quick loan could be able to borrow interest-free, also be borrowed interest-free by the credit. As long as they are repaid within the first month. Another way the credit differs from the quick loan is how fast the money is in the account. The new rules on 48 hours of reflection time only apply to the quick loan. Therefore, with the credit you can get the money in your account faster. In some cases a maximum of one weekday will go, but most often the money will be in the account after one hour.

The best loan

The best loan

For further information you can read questions and answers about mortgage loans as well as questions and answers about credit.

In life as a student, many different situations can arise where the money will be small. By launching the credit, we can now offer a product with more benefits than the quick loan. For you as a student it is therefore recommended that you use the credit rather than the quick loan. Here you get all the benefits the quick loan has, along with a larger amount limit, longer repayment time and faster money in the account.

Furthermore, it is extremely easy and quick to apply. With the information ready it can be done in under 1 minute. However, you must be 21 years of age before you can apply.

For further information you can read questions and answers about mortgage loans as well as questions and answers about credit.

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