Updated September 28, 2026 · BorrowCue Editorial Team
1822direkt vs Bank Norwegian
1822direkt vs Bank Norwegian: the differences
| Compare |  1822direkt |  Bank Norwegian |
|---|---|---|
| APR | 5.29%Lower | 10.43% to 36.85% |
| Loan amount | €7,500 to €100,000 | NOK 5,000 to NOK 600,000 |
| Term | 24 to 120 monthsHigher | 12 to 60 months |
| Arrangement fee | 0 EUR (credit application processing is free of charge) | Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount) |
| Funding time | Within 24 hours after digital signing | 0-3 business days after the last document is received |
| Rate type | Fixed | Variable |
| Lender type | Broker | Direct lender |
| Eligibility | Minimum 18 years old, main residence in Germany, employed at least six months, permanent contract, no negative SCHUFA or CRIF Buergel entry | Age 20 or over, registered income, and no payment remarks or active collection cases |
| Representative example | Not confirmed | Forbrukslån: nominal rate 12.99%, effective rate 15.15%, NOK 85,000 over 5 years, origination fee NOK 995; cost NOK 34,173, total NOK 119,173 |
| Origination fee (%) | 0% | Not confirmed |
| Credit needed | Good | Not confirmed |
Same on both: Credit check (Hard), Free early repayment (Yes), Loan types (Personal, Debt consolidation, Car, Credit line), Use cases (Home improvement).
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Key differences
- Bank Norwegian scores higher overall: 9.1 vs 9.0.
- Founded is lower at 1822direkt: 1996 vs 2007.
- Bank Norwegian is available in 5 more countries.
- APR is lower at 1822direkt: 5.29% vs 10.43% to 36.85%.
- Term is higher at 1822direkt: 24 to 120 months vs 12 to 60 months.
Our verdict on each
1822direkt
1822direkt suits German borrowers who prioritise low stated costs and fixed-rate borrowing across mortgages and personal loans. Its mortgage product fee is €0, while the initial rate is 3.87% and the APRC is 3.97%. The main trade-off is the hard credit check used for personal-loan applications.
Bank Norwegian
Bank Norwegian suits Norwegian borrowers with registered income who want a direct lender, a credit line or a home improvement loan, and free early repayment.
Score breakdown
| Area | 1822direkt | Bank Norwegian |
|---|---|---|
| Cost | 9.3HigherMortgage product fees are €0, while personal-loan application processing carries an origination fee of 0 EUR (credit application processing is free of charge). | 9.0 |
| Offer | 9.2HigherThe offer spans personal, debt consolidation and car, plus fixed-rate mortgages with free early repayment. | 9.1Variable rate with APR 10.43% to 36.85%, tiered origination fee Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount). |
| Trust | 8.6 | 9.1Higher |
Ranges side by side
| Fact | 1822direkt | Bank Norwegian |
|---|---|---|
| Term | 24 to 120 months | 12 to 60 months |
Side by side, item by item
| Loan types | 1822direkt | Bank Norwegian |
|---|---|---|
| Personal | Yes | Yes |
| Debt consolidation | Yes | Yes |
| Credit line | Yes | Yes |
| Car | Yes | Yes |
| Use cases | 1822direkt | Bank Norwegian |
|---|---|---|
| Home improvement | Yes | Yes |
How they place
| Ranking | 1822direkt | Bank Norwegian |
|---|---|---|
| Personal loans | 644 of 1920 | 520 of 1920 |
| Debt consolidation loans | 215 of 425 | 161 of 425 |
| Car loans | 192 of 432 | 138 of 432 |
| Home improvement loans | 289 of 562 | 213 of 562 |
Every fact side by side
| Fact | 1822direkt | Bank Norwegian |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Legal entity | 1822direkt Gesellschaft der Frankfurter Sparkasse mbH | NOBA Bank Group AB (publ) NUF |
| Headquarters | Germany | Norway |
| Founded | 1996Lower | 2007 |
| Support channels | Email, Phone, Help centre | Phone, Email, Help centre |
Where each stands against the rest
| Fact | 1822direkt | Bank Norwegian | Median |
|---|---|---|---|
| APR | 5.29%below the median | 10.43% to 36.85%above the median | 8.99% |
| Term | 24 to 120 monthshighest quarter | 12 to 60 monthsat the median | 60 |
| Origination fee (%) | 0%below the median | Not confirmed | 0.25% |
Median across 1152 listed lenders.
Pros and cons
1822direkt
Pros
- Mortgage product fees are €0.
- Personal-loan application processing is free of charge under 0 EUR (credit application processing is free of charge).
- Early repayment is free.
Cons
- Personal-loan applications use a hard credit check, which may make approval harder for borrowers with limited credit history.
- Personal loans are available only on a fixed-rate basis.
- The stated lender type is broker, so applications are arranged through a broker.
Bank Norwegian
Pros
- Covers personal, debt consolidation, car, credit line and home improvement borrowing in one place
- Origination fee starts at free: Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount), tiered by loan amount
- Free early repayment, so clearing the balance early costs nothing extra
Cons
- Support runs on phone, email and help centre only, with no live chat listed
- Rates are variable, so the cost of an existing loan can move after you take it
- Applications run a hard credit check, so a rejected application leaves a mark on the file
Who each suits
1822direkt
Who it suits
- Adults resident mainly in Germany with a permanent contract and a clean SCHUFA and CRIF Buergel record.
- Borrowers comparing fixed-rate mortgages for purchase, remortgaging or buy-to-let purposes.
- Personal-loan applicants with good credit who want free early repayment and no application processing fee.
Who should look elsewhere
- Prestalo may suit a borrower focused on its listed initial rate of 2.36%.
- Creditilia ES may suit a borrower focused on its listed initial rate of 4%.
- Sofkredit may suit a borrower focused on its listed initial-rate range of 8% to 14%.
Bank Norwegian
Who it suits
- Borrowers with registered income and a clean payment record
- Anyone planning a home improvement project, which is a listed use
- People who want to clear the loan early without a repayment fee
Who should look elsewhere
- Anyone wanting live chat, since support runs on phone, email and help centre only
- Borrowers who need a fixed rate, as the rate type is variable
- Applicants with payment remarks or active collection cases
Current offers
1822direkt
Current offer
Bonus
0,10 % Zinsvorteil im Online Finanzierungskonzept: 0,10 % Zinsvorteil
Offer tied to the Online Finanzierungskonzept; 0,10 % surcharge applies to properties that are not energy efficiency class A+ to C
Source, checked September 26, 2026
Bonus
Praemie fuer Kontonutzung im Girokonto: 200 EUR
New customers of the 1822direkt Girokonto, combined with 3,50 % Zinsen p.a. for new customers
Source, checked September 26, 2026
First period offer
Tagesgeldkonto Neukundenzins: 3,50 % Zinsen p.a.
Valid for 6 months up to an investment amount of 250,000 EUR, then the then-valid base rate applies
Source, checked September 26, 2026
Country by country
| Country | 1822direkt | Bank Norwegian |
|---|---|---|
| Denmark | No | Yes |
| Finland | No | Yes |
| Norway | No | Yes |
| Spain | No | Yes |
| Sweden | No | Yes |
| Germany | Yes | Yes |
Questions about each
1822direkt
What are the fees for a personal loan?+
Personal-loan rates start with an APR of 5.29%. Credit application processing is free of charge under 0 EUR (credit application processing is free of charge), and the stated product fee is 0%.
What costs apply to the mortgage?+
The mortgage initial rate is 3.87%, with an APRC of 3.97% and a fixed period of 10. The stated mortgage product fee is €0.
Bank Norwegian
What APR does Bank Norwegian charge on an unsecured loan?+
The stated rate runs at 10.43% to 36.85%. Rates are variable, so the figure moves with the market rather than being held for the life of the loan. Borrowers should budget for a rate that can rise as well as fall.
How much does it cost to set up a loan?+
The origination fee is Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount), so the lowest tier costs nothing. The tier you pay depends on how much you borrow, which means a larger loan carries a larger one-off charge on top of the interest.
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