Aur review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Aur lends fixed-rate personal loans in Iceland, so it suits borrowers who want a predictable rate and the flexibility to repay early. The trade-off is cost: the APR of 17% sits above the site median, and a fee is added to the principal.

Key facts

Best for
Icelandic residents who want a fixed-rate personal loan and can clear it early without charge.
APR
17% (Source, checked September 26, 2026)
Loan amount
ISK 50,000 to ISK 400,000 (Source, checked September 26, 2026)
Term
3 to 24 months (Source, checked September 26, 2026)
Arrangement fee
From 3.98% of the loan amount, added to the principal (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Under one minute to apply and have the loan paid out (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Individuals aged 20 or older who are resident in Iceland and pass Aur's lending rules (Source, checked September 26, 2026)
Origination fee (%)
3.98% to 5.98% (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Legal entity
Kvika banki hf. (Source, checked September 26, 2026)
Headquarters
Iceland (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
aur.is

Apps and profiles

Get the app
App Store
Elsewhere
facebook.cominstagram.com

Pros and cons

Pros

  • Same-day funding, with the loan paid out in Under one minute to apply and have the loan paid out
  • Free early repayment, so settling ahead of schedule adds no charge
  • Loan amounts of ISK 50,000 to ISK 400,000 with terms of 3 to 24
  • Support runs on email, phone and help centre, with the lender itself handling the application

Cons

  • An origination fee of 3.98% to 5.98% is added to the borrowed amount
  • Terms run 3 to 24, while the site median term is 36
  • A hard credit check applies to every application
Aur

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Scored 8.9 / 10 by BorrowCue.

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Who it suits

  • Adults who are resident in Iceland and pass Aur's lending rules
  • Borrowers who want a predictable rate and can clear the loan early
  • People who need the money quickly rather than in days

Who should look elsewhere

  • Anyone who wants the lowest rate, since Cashspace lists PHP 12 to PHP 36 and Cashspace ES lists 0%
  • Borrowers who need a longer schedule than 3 to 24, the full range Aur offers
  • Applicants outside Iceland, since Aur lends only to people who are resident in Iceland

The company behind it

Aur lends directly rather than acting as a broker, so the bank behind the loan is the party you deal with. The lending sits with Kvika banki hf., based in Iceland and supervised by the Financial Supervisory Authority of the Central Bank of Iceland. Support runs on email, phone and help centre, so you can reach the same lender by phone or email as well as through the help centre.

How Aur compares

Where Aur is available

Available
Iceland
Licence in Iceland
Financial Supervisory Authority of the Central Bank of Iceland (Fjarmalaeftirlit), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate will I pay on an Aur personal loan?+

Aur lends at a fixed rate of 17%, and that rate holds for the whole term because the rate type is fixed. The median APR across the site is 12%, so Aur sits above the middle of the field on rate. The rate you are offered depends on passing Aur's lending rules.

Is there a fee for taking out an Aur loan?+

Yes. An origination fee of From 3.98% of the loan amount, added to the principal is added to the principal, and the fee percentage runs 3.98% to 5.98%. Because the fee comes on top of the borrowed amount, the total you owe is higher than the loan figure on the application.

How fast can I get the money from Aur?+

Funding is quick. Applying and receiving the loan takes Under one minute to apply and have the loan paid out, and same-day funding is listed as a feature. A hard credit check is part of the process, so the pace applies once an application is approved rather than before.

What size loan and term can I get from Aur?+

The loan amount runs ISK 50,000 to ISK 400,000 and the term runs 3 to 24. Aur offers personal loans on a fixed rate, so the repayment is set once the loan is agreed. The site median term is 36, which is longer than the range Aur offers.

Can I repay an Aur loan early?+

Early repayment is free, so settling the loan ahead of schedule does not add a charge. That makes Aur easier to clear early than lenders which price repayment into the rate. Combined with the fixed rate, a monthly repayment is easier to plan for.

Who can borrow from Aur?+

Aur lends to adults who are resident in Iceland and pass its lending rules, so the loan is aimed at Icelandic residents. The lending entity is Kvika banki hf., based in Iceland, and the application is decided under Aur's own lending rules.

Is Aur regulated?+

The lending entity is Kvika banki hf., based in Iceland and supervised by the Financial Supervisory Authority of the Central Bank of Iceland. You deal with the lender itself rather than a broker, which keeps the agreement with one named party and gives you someone to contact about the loan.

How do I get help about my Aur loan?+

Support runs on email, phone and help centre, so phone and email are both available alongside the help centre. Because Aur is a direct lender, the bank is the party you deal with from the start, and the same channels handle questions about the loan itself.

Sources

  • aur.is checked September 26, 2026

    Backs: Headquarters

    “Katrínartún 2, 105 Reykjavík”

  • aur.is/lan checked September 26, 2026

    Backs: Loan amount, Credit check, Eligibility, Features, Free early repayment, Funding time, Legal entity, Loan types, Pricing model, Support channels, Term

    “Aur loan - The highest possible loan amount in one go is 400,000 kr. and the total cap on loans is 1,000,000 kr. The lowest loan amount is 50,000 kr.”

  • aur.is/lanaskilmalar checked September 26, 2026

    Backs: Lender type, Rate type

    “The lender is entitled to assign rights and/or obligations under this loan agreement to a third party”

  • aur.is/spurt-svarad checked September 26, 2026

    Backs: Licences

  • aur.is/verdskra checked September 26, 2026

    Backs: APR, Arrangement fee, Origination fee (%)

    “Aur loan, interest & fees - Interest: From 17%”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Representative example.

Related by the facts

Aur

Aur

Icelandic residents who want a fixed-rate personal loan and can clear it early without charge.

8.9/10See alternatives

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