Updated September 28, 2026 · BorrowCue Editorial Team
Bank Norwegian vs MoneyCat
What sets them apart
| Compare |  Bank Norwegian |  MoneyCat |
|---|---|---|
| APR | 10.43% to 36.85%Lower | 145% |
| Loan amount | NOK 5,000 to NOK 600,000 | ₱500 to ₱20,000 |
| Term | 12 to 60 months | 65 to 180 monthsHigher |
| Arrangement fee | Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount) | First-time borrower 0 PHP processing fee; grace period fee 77 PHP |
| Funding time | 0-3 business days after the last document is received | 5 minutes after approval, up to 6 PM on the following banking day |
| Eligibility | Age 20 or over, registered income, and no payment remarks or active collection cases | 22-60 years old, Filipino citizens residing in the Philippines, employed individuals and selected professionals |
| Loan types | Personal, Debt consolidation, Credit line, Car | Personal, Payday |
| 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 | Not confirmed |
| Rate type | Variable | 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
- Bank Norwegian scores higher overall: 9.1 vs 9.0.
- Bank Norwegian is available in 5 more countries.
- APR is lower at Bank Norwegian: 10.43% to 36.85% vs 145%.
- Term is higher at MoneyCat: 65 to 180 months vs 12 to 60 months.
- Loan types: only Bank Norwegian offers Debt consolidation, Credit line, Car.
- Loan types: only MoneyCat 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.
MoneyCat
MoneyCat lends directly in the Philippines to employed adults and selected professionals, and it suits anyone who needs a small personal or payday loan turned around fast. Borrowing costs more here than on most of the market, with an APR of 145% against a site median of 12%.
Score breakdown
| Area | Bank Norwegian | MoneyCat |
|---|---|---|
| Cost | 9.0Higher | 8.6 |
| Offer | 9.1HigherVariable rate with APR 10.43% to 36.85%, tiered origination fee Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount). | 9.0 |
| Trust | 9.1 | 9.2Higher |
Pick Bank Norwegian if, pick MoneyCat if
Pick Bank Norwegian if cost and apr matter most.
Pick MoneyCat if term matter most.
Where they rank in our lists
| Ranking | Bank Norwegian | MoneyCat |
|---|---|---|
| Personal loans | 520 of 1920 | 731 of 1920 |
Where each is licensed and available
| Country | Bank Norwegian | MoneyCat |
|---|---|---|
| Philippines | Not confirmed | Securities and Exchange Commission (Philippines) CS201953073 |
Additional countries for Bank Norwegian: 6. Additional countries for MoneyCat: 1.
A third option
Quick Car Finance has apr at 9.9% to 60%, against 10.43% to 36.85% for Bank Norwegian and 145% for MoneyCat.
Quick Car Finance reviewSources behind this comparison
Bank Norwegian
- banknorwegian.no: 17 facts, checked September 26, 2026
MoneyCat
- moneycat.ph: 14 facts, checked September 26, 2026
Every fact side by side
| Fact | Bank Norwegian | MoneyCat |
|---|---|---|
| Features | Not confirmed | Same day funding |
| Legal entity | NOBA Bank Group AB (publ) NUF | MoneyCat Financing Inc. |
| Headquarters | Norway | Philippines |
| Founded | 2007 | Not confirmed |
| Support channels | Phone, Email, Help centre | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Bank Norwegian | MoneyCat | Median |
|---|---|---|---|
| APR | 10.43% to 36.85%above the median | 145%highest quarter | 8.99 |
| Term | 12 to 60 monthsat the median | 65 to 180 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
MoneyCat
Pros
- As a direct lender, the money comes from MoneyCat Financing Inc. itself rather than a third party.
- Same-day funding: same day funding, with money released within minutes of approval or by the following banking day.
- Early repayment is free, and a first-time borrower pays no processing fee.
Cons
- The 145% rate leaves MoneyCat ranked 330 of 350 brands on APR, so cost is the price of the speed.
- hard credit checks run on every application, so a decline still shows on your credit record.
- A grace period fee applies, so a covered payment costs extra even though processing is free for a first-time borrower.
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
MoneyCat
Who it suits
- Employed adults and selected professionals who are Filipino citizens residing in the Philippines.
- Borrowers who need a small personal or payday loan and can clear a hard credit check.
- Anyone who can settle early, since 65 to 180 repayments need not all run their full course.
Who should look elsewhere
- Cost-first borrowers: Monzo Flex lends at 10% to 23%, well below the 145% here.
- Anyone after interest-free terms: Cashspace ES lists 0%.
- Borrowers needing a larger sum or longer term than PHP 500 to PHP 20,000 and 65 to 180 allow.
Current offers
MoneyCat
Current offer
First period offer
First loan for FREE: 0% interest, 0 PHP processing fee
First loan for first-time borrowers; 0% interest and no processing fee, advertised on the loan calculator
Source, checked September 26, 2026
Country by country
| Country | Bank Norwegian | MoneyCat |
|---|---|---|
| Denmark | Yes | No |
| Finland | Yes | No |
| Germany | Yes | No |
| Norway | Yes | No |
| Philippines | No | Yes |
| Spain | Yes | No |
| Sweden | Yes | No |
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.
MoneyCat
What rate does MoneyCat charge?+
The stated APR is 145%, which is high next to a site median of 12%. The rate applies to the personal and payday loans alike, so cost is the main thing to weigh before applying. Borrow for as short a time as possible, since interest builds on the balance outstanding.
How much can I borrow, and over what term?+
Loan amounts run PHP 500 to PHP 20,000, and repayment terms run 65 to 180. That range suits a shortfall or an emergency rather than a major purchase, a car or a home. A longer term spreads the payments but keeps the interest running, so the total cost depends as much on the term you pick as on the rate.