Updated September 28, 2026 · BorrowCue Editorial Team
Bank Norwegian vs Finipay
Where Bank Norwegian and Finipay differ
| Compare |  Bank Norwegian |  Finipay |
|---|---|---|
| APR | 10.43% to 36.85% | 0% to 212%Lower |
| Loan amount | NOK 5,000 to NOK 600,000 | €300 to €5,000 |
| Term | 12 to 60 months | 3 to 60 months |
| Arrangement fee | Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount) | 0 EUR |
| Funding time | 0-3 business days after the last document is received | Under 24 hours |
| 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 | Personal loan of 1,000 EUR repaid in 12 monthly instalments: 342.22 EUR in costs, 1,342.22 EUR total repayable, APR 81% |
| Lender type | Direct lender | Broker |
| Eligibility | Age 20 or over, registered income, and no payment remarks or active collection cases | Resident of Spain, aged 18 to 80, with DNI/NIE, Spanish bank account held in own name, mobile phone and email |
| Loan types | Personal, Debt consolidation, Credit line, Car | Personal, Payday, Debt consolidation, Car |
| Credit check | Hard | Not confirmed |
| Rate type | Variable | Not confirmed |
| Free early repayment | Yes | Not confirmed |
| Origination fee (%) | Not confirmed | 0% |
| Credit needed | Not confirmed | Poor |
Same on both: Use cases (Home improvement).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Bank Norwegian scores higher overall: 9.1 vs 8.9.
- Bank Norwegian is available in 5 more countries.
- APR is lower at Finipay: 0% to 212% vs 10.43% to 36.85%.
- Loan types: only Bank Norwegian offers Credit line.
- Loan types: only Finipay offers Payday.
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.
Finipay
Finipay suits Spanish adults with poor credit who need a small euro loan quickly and want no set-up charge. The trade-off is cost: an APR band of 0% to 212% and a representative example where a short loan costs far more to repay than to borrow.
Score breakdown
| Area | Bank Norwegian | Finipay |
|---|---|---|
| Cost | 9.0 | 9.7HigherThe 0% to 212% band is far wider than the 12.25% midpoint for personal loans here, so cost depends almost entirely on your credit file. |
| Offer | 9.1HigherVariable rate with APR 10.43% to 36.85%, tiered origination fee Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount). | 8.8 |
| Trust | 9.1Higher | 8.3 |
From lowest to highest
| Fact | Bank Norwegian | Finipay |
|---|---|---|
| APR | 10.43% to 36.85% | 0% to 212% |
| Term | 12 to 60 months | 3 to 60 months |
What each covers
| Loan types | Bank Norwegian | Finipay |
|---|---|---|
| Personal | Yes | Yes |
| Payday | No | Yes |
| Debt consolidation | Yes | Yes |
| Credit line | Yes | No |
| Car | Yes | Yes |
| Use cases | Bank Norwegian | Finipay |
|---|---|---|
| Home improvement | Yes | Yes |
If neither fits
FINANZCHECK.de has apr at -0.4% to 19.9%, against 10.43% to 36.85% for Bank Norwegian and 0% to 212% for Finipay.
FINANZCHECK.de reviewHow they place
| Ranking | Bank Norwegian | Finipay |
|---|---|---|
| Personal loans | 520 of 1920 | 19 of 1920 |
| Debt consolidation loans | 161 of 425 | 9 of 425 |
| Car loans | 138 of 432 | 6 of 432 |
| Home improvement loans | 213 of 562 | 9 of 562 |
Every fact side by side
| Fact | Bank Norwegian | Finipay |
|---|---|---|
| Features | Not confirmed | Same day funding |
| Legal entity | NOBA Bank Group AB (publ) NUF | Finceptiv OU |
| Headquarters | Norway | Estonia |
| Founded | 2007 | Not confirmed |
| Support channels | Phone, Email, Help centre | Phone, Email, Help centre |
Where each stands against the rest
| Fact | Bank Norwegian | Finipay | Median |
|---|---|---|---|
| APR | 10.43% to 36.85%above the median | 0% to 212%lowest quarter | 8.99 |
| Term | 12 to 60 monthsat the median | 3 to 60 monthsat the median | 60 |
| Origination fee (%) | Not confirmed | 0%below the median | 0.25% |
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
Finipay
Pros
- Setting the loan up adds nothing: the origination fee is 0 EUR, so no charge is bolted on to the interest.
- Money arrives in Under 24 hours, and same-day funding sits in same day funding.
- Poor credit is the target: poor means the service is aimed at files mainstream lenders decline.
Cons
- Finipay is a broker rather than the lender (broker), so the rate is set by a partner lender and its terms are not spelled out here.
- The cost of a short term is severe: the representative example repays far more than it lends, and the top of 0% to 212% is steep.
- Borrowing stops at €300 to €5,000, so a larger renovation, car purchase or consolidation job needs another provider.
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
Finipay
Who it suits
- Adults in Spain with poor credit who need a modest sum quickly and would be turned down elsewhere, since poor is the level Finipay targets.
- Borrowers who want a fee-free set-up and a fast transfer, and who will read the representative example before choosing a term.
- People covering a car, a bill to consolidate or a home improvement, given personal, payday and debt consolidation and home improvement.
Who should look elsewhere
- Borrowers with a strong file who want the cheapest rate: Monzo Flex holds its APR at 10% to 23%, well under the top of Finipay's 0% to 212%.
- Anyone who needs to borrow more than €300 to €5,000: Cashspace lists its rate in Philippine pesos at PHP 12 to PHP 36, so it is not a euro answer to a larger sum.
- Shoppers chasing an interest-free headline rate: Cashspace ES shows an APR of 0%, while Finipay's 0% to 212% is the band where a real rate is quoted.
Current offers
Finipay
Current offer
First period offer
First 300 EUR loan with no commission, repayable in 70 days: 300 EUR at 0% commission, 70 days
Apply through the online application form on finipay.es; resident of Spain aged 18-80 with DNI/NIE and Spanish bank account
Source, checked September 26, 2026
Country by country
| Country | Bank Norwegian | Finipay |
|---|---|---|
| Denmark | Yes | No |
| Finland | Yes | No |
| Germany | Yes | No |
| Norway | Yes | No |
| Sweden | Yes | No |
| Spain | 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.
Finipay
Is there a fee for taking out a Finipay loan?+
No arrangement charge is added. The origination fee is 0 EUR, so the money you arrange does not shrink before it reaches you. What you pay is interest on the loan, and the size of that depends on the rate you are offered and the term you choose.
How much can I borrow, and for how long?+
Loans run €300 to €5,000, and terms run 3 to 60 months. That range is built for short and medium needs such as a repair, a car deposit or a bill to consolidate. It is not a route to a large renovation, because the ceiling is well below what the biggest lenders here arrange.
Other options to compare
Other matchups
- Bank Norwegian vs BAWAG
- Bank Norwegian vs 1822direkt
- Bank Norwegian vs Deutsche Bank
- Bank Norwegian vs MoneyCat
- Finipay vs ExpressCredit Lesotho
- Finipay vs Oney Préstamos ES
- Finipay vs Sofkredit
- Finipay vs Quick Car Finance
- Finipay vs Prestamiau ES
- Finipay vs Ibancar Prestamos
- Finipay vs DKB (Deutsche Kreditbank)
- Finipay vs Fidea
- Finipay vs Multitude
- Finipay vs Youmoney
- Finipay vs Fiesta Credito
- Finipay vs Fiesta Credito MX
- Bank Norwegian vs Postbank