Updated September 28, 2026 · BorrowCue Editorial Team
Bank Norwegian vs Deutsche Bank
Where Bank Norwegian and Deutsche Bank differ
| Compare |  Bank Norwegian |  Deutsche Bank |
|---|---|---|
| APR | 10.43% to 36.85% | 3.25% to 13.48%Lower |
| Loan amount | NOK 5,000 to NOK 600,000 | €3,000 to €80,000 |
| Term | 12 to 60 months | 12 to 120 monthsHigher |
| Funding time | 0-3 business days after the last document is received | Within a few days after document review and approval |
| Representative example | 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 | Net loan 10,000 EUR, effective annual rate 9.71 %, fixed nominal rate 9.30 % p.a., 85 months, monthly instalment 164 EUR, total payable 13,737 EUR |
| Rate type | Variable | Fixed |
| Eligibility | Age 20 or over, registered income, and no payment remarks or active collection cases | Of age (adult), non-self-employed with regular income, positive credit rating, residence in Germany |
| Loan types | Personal, Debt consolidation, Credit line, CarCovers more | Personal |
| Arrangement fee | Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount) | Not confirmed |
| Use cases | Home improvement | Not confirmed |
Same on both: Credit check (Hard), Lender type (Direct lender), Free early repayment (Yes).
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Key differences
- Deutsche Bank scores higher overall: 9.5 vs 9.1.
- Founded is lower at Deutsche Bank: 1870 vs 2007.
- Bank Norwegian is available in 5 more countries.
- APR is lower at Deutsche Bank: 3.25% to 13.48% vs 10.43% to 36.85%.
- Term is higher at Deutsche Bank: 12 to 120 months vs 12 to 60 months.
- Loan types: only Bank Norwegian offers Debt consolidation, Credit line, Car.
Our verdict on each
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.
Deutsche Bank
Deutsche Bank lends directly in Germany through Deutsche Bank AG, an institution trading since 1870. It suits salaried, non-self-employed adults living in Germany with a positive credit rating, and borrowers wanting €3,000 to €80,000 over a term of 12 to 120 for a larger purchase.
Score breakdown
| Area | Bank Norwegian | Deutsche Bank |
|---|---|---|
| Cost | 9.0 | 9.4Higher |
| Offer | 9.1Variable rate with APR 10.43% to 36.85%, tiered origination fee Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount). | 9.3HigherDirect personal lending at 3.25% to 13.48%, a hard credit check, and payout Within a few days after document review and approval after approval. |
| Trust | 9.1 | 9.6Higher |
Pick Bank Norwegian if, pick Deutsche Bank if
Pick Bank Norwegian if loan types matter most.
Pick Deutsche Bank if cost, trust, apr, and term matter most.
Cost in a real example
Borrow a typical amount over a typical term (estimate at the stated APR)
Bank Norwegian
1,689 to 6,664.11
1,689 to 6,664.11
Deutsche Bank
508.95 to 2,213.22
508.95 to 2,213.22
Deutsche Bank comes out 1,180.05 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Where each is licensed and available
| Country | Bank Norwegian | Deutsche Bank |
|---|---|---|
| Germany | Not confirmed | IHK Frankfurt am Main (Versicherungsvermittlerregister) D-H0AV-L0HOD-14 |
Available in 1 country for both. Additional countries for Bank Norwegian: 5.
What we checked
Bank Norwegian
- banknorwegian.no: 17 facts, checked September 26, 2026
Deutsche Bank
- deutsche-bank.de: 15 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
How they place
| Ranking | Bank Norwegian | Deutsche Bank |
|---|---|---|
| Personal loans | 520 of 1920 | 260 of 1920 |
Every fact side by side
| Fact | Bank Norwegian | Deutsche Bank |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Legal entity | NOBA Bank Group AB (publ) NUF | Deutsche Bank AG |
| Headquarters | Norway | Germany |
| Founded | 2007 | 1870Lower |
| Support channels | Phone, Email, Help centre | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Bank Norwegian | Deutsche Bank | Median |
|---|---|---|---|
| APR | 10.43% to 36.85%above the median | 3.25% to 13.48%lowest quarter | 8.99 |
| Term | 12 to 60 monthsat the median | 12 to 120 monthshighest quarter | 60 |
Median across 1152 listed lenders.
Pros and cons
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
Deutsche Bank
Pros
- A direct lender, so you deal with the bank itself rather than a broker (direct lender)
- Interest stays put, listed as fixed pricing on a fixed rate model
- Early repayment is free, so clearing the balance early carries no charge
Cons
- Eligibility is narrow: non-self-employed, regular income, a positive credit rating and residence in Germany, so self-employed and thin-file applicants are turned down
- The hard credit check is shared by 76.5% of the lenders in this group, so a refusal can weigh on later applications
- A single market only, with lending confined to Germany
Who each suits
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
Deutsche Bank
Who it suits
- Salaried employees in Germany who can show a positive credit rating
- Anyone with an existing relationship at the bank and a larger sum to borrow
- Borrowers who want one fixed monthly payment and the option to settle early
Who should look elsewhere
- Self-employed applicants, who are not eligible for this loan
- Residents outside Germany, since lending is confined to that single market
- Small sums, where Cashspace ES charges 0% against 3.25% to 13.48% here
Current offers
Deutsche Bank
Current offer
First period offer
Miles & More Blue Credit Card action: 12 monthly statements without card fee (then 5.50 EUR per month) plus 500 miles and 40 points on approval
Applications submitted by 30.09.2026
Source, checked September 26, 2026
Country by country
| Country | Bank Norwegian | Deutsche Bank |
|---|---|---|
| Denmark | Yes | No |
| Finland | Yes | No |
| Norway | Yes | No |
| Spain | Yes | No |
| Sweden | Yes | No |
| Germany | Yes | Yes |
Questions about each
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.
Deutsche Bank
What rate would I pay for a personal loan from Deutsche Bank?+
The advertised rate is 3.25% to 13.48%, and it is fixed rather than variable, as fixed pricing confirms. The fixed rate model means the monthly payment stays the same across the term. A representative example shows a net loan repaid over a fixed period with a fixed nominal rate a year and a monthly instalment that does not change.
How much can I borrow?+
Loan amounts run €3,000 to €80,000, well above the €556.48 typical for personal loans on this site, so the lender suits bigger jobs such as a car, a kitchen or several balances rolled into a single payment. Term options run 12 to 120, and a hard credit check applies at application.
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