Need a payday loan in Norway? Fleksikreditt is a personal loan solution that works in a similar way to a credit card. Here’s how it works, and what you need to know.
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Short-term loans are a controversial financial product, but they can be very useful if you practise good financial discipline.
Payday Loans in Norway
Fleksikreditt is a flexible short-term loan solution of up to NOK 20,000, which is available to apply for free of charge.
Important info: Representative loan example for Ferratum Fleksikreditt: 48.17% effective interest rate, 30,000 NOK, over 12 months, 39.97% nominal interest rate, cost 6,494.72 NOK. Total: 36,494.72 NOK. No minimum repayment period. Minimum monthly instalment 500 NOK or 8% of the loan amount, whichever is greater.
Should you get unforeseen expenses, the money is always just a click away. Like a credit card, you only pay interest on what you actually use.
To apply for Fleksikreditt, you must be at least 21 years of age with a Norwegian address, BankID for signing the digital agreement, and no payment defaults.
Application is non-binding and free of charge and there are no requirements for security. Once approved, withdrawal is done by logging in to a website and transferring money to your account as and when you need it. There's no need to apply each time and you only pay for the amount you take.
Benefits of Fleksikreditt include:
- First 30 days interest free
- No establishment fee
- Flexible repayment
- Direct transfer
Fees and charges:
- Borrow 1,000 to 20,000
- Flexible loan framework with 12.5% as the minimum repayment per month
- Withdrawal fee: 12.5% of the amount withdrawn
- Establishment fee: 0, –
- Termination fee: 0, –
- Invoice by email: 0, –
- Invoice by post: 39, –
Apply for Fleksikreditt now. Important info: Representative loan example for Ferratum Fleksikreditt: 48.17% effective interest rate, 30,000 NOK, over 12 months, 39.97% nominal interest rate, cost 6,494.72 NOK. Total: 36,494.72 NOK. No minimum repayment period. Minimum monthly instalment 500 NOK or 8% of the loan amount, whichever is greater.
