How to get a personal loan in Norway?

In times of financial crisis people often turn to banks to get personal loans and get rid of the problem fast and effectively. This article will tell more about personal loan if you live in Norway or when you want to apply for the personal loan from Norwegian banks.

1. The significant advantages of personal loans in Norway

2. How to apply for personal loans in Norway?

3. Important information you should know before you apply for a personal loan in Norway

The significant advantages of personal loans in Norway

When you need to take money from the bank, you have got several possibilities. You may apply for customer credit, consolidation loan or refinancing. The borrowers do not have to visit every bank on their own, they may ask special companies to prepare several personal loans offers for them without leaving their houses. It is more convenient method and more and more popular among people from Norway and abroad. What is more, the employees will also help you to fill in the forms in a correct way to get as many personal loans offers as it is possible. In accordance to the statistics, people usually can get up to 500 000 NOK (about 47 000 Euros) with a nominal annual interest rates between 7,99% to 25.90% - the repayment should be within five years.

How to apply for personal loans in Norway?

If you want to get a personal loan, you should fill in a simple form. There you should provide the company name (if you apply for a personal loan as a company), the full name and surname, a phone number, an e-mail address and preferred language you want to speak with the counsellor. You may choose one from following: English, Norwegian or Polish. When the form is completed, you just press the submit button and wait for a call from the company's representative.

Important information you should know before you apply for a personal loan in Norway

There are some important rules that every potential borrower has to follow:

- you have to be over twenty-one

- you have to be a resident in Norway

- you have live in Norway for minimum one year

- you have to pay taxes in Norway

- your income should be over 220 000 NOK (about 20 620 Euros) a year

Getting a personal loan in Norway is not a difficult task to do. However, you should follow some rules about your age, residence and income. Nevertheless, you do not have to go from one bank to another to get the offer. You may ask the financial company to do it for you what is very convenient.

Article prepared in cooperation with LOCALMARKET