Instabank review

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

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Our verdict

Instabank suits borrowers with a strong income and good credit who want a straightforward unsecured consumer loan, decided quickly and paid out fast. Interest runs 7.99% to 19.99% on amounts of NOK 5,000 to NOK 500,000, and early repayment is free, so the real cost depends on the term you pick.

Key facts

Best for
Same day unsecured consumer loans for borrowers with good credit and a steady income.
APR
7.99% to 19.99% (Source, checked September 26, 2026)
Loan amount
NOK 5,000 to NOK 500,000 (Source, checked September 26, 2026)
Term
36 to 180 months (Source, checked September 26, 2026)
Arrangement fee
Forbrukslån: etableringsgebyr (establishment fee) 900 NOK, termingebyr (term fee) 45 NOK per month (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Same day or within 24 hours after signing with BankID (Source, checked September 26, 2026)
Representative example
Forbrukslån: nominal rate 12.10%, effective rate 13.97%, 155,000 NOK over 6 years, cost 68,991 NOK, total 223,991 NOK (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Unsecured consumer loan: minimum age 23, no payment remarks, gross income over NOK 250,000 a year, total debt no more than 5x gross income, must cope with a 3 percentage point rate rise, age plus term no more than 80 years, age no more than 75 years (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Secured, Car, Business (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Instabank ASA (Source, checked September 26, 2026)
Headquarters
Norway (Source, checked September 26, 2026)
Founded
2016 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Features
Same-day funding
Official website
instabank.no

Mortgages

Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Instabank ASA (Source, checked September 26, 2026)
Headquarters
Norway (Source, checked September 26, 2026)
Founded
2016 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
App Store
Elsewhere
WikidataTrustpilotLinkedInXfacebook.com

Pros and cons

Pros

  • same day funding is included, so a signed application can be funded the same day.
  • Early repayment is free, so clearing the loan early cuts the total interest.
  • Support runs on email, chat and phone, so help is a phone call or a chat away.

Cons

  • A hard credit check and good credit mean a thin credit file rules you out.
  • The monthly term fee keeps running for the whole 36 to 180 month term, even if you repay sooner.
  • The higher end of 7.99% to 19.99% sits well above the 12.25% median for personal loans on the site.
Instabank

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Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Borrowers in no with a good credit file and a steady salary who want unsecured borrowing.
  • Anyone planning a project for home improvement who can cover an establishment fee and a monthly term fee.
  • Borrowers who may clear the loan early, since free early repayment makes an overpayment cost nothing.

Who should look elsewhere

  • Borrowers with payment remarks or a light credit file, since Instabank wants good credit and a hard check.
  • Rate-first shoppers, because Cashspace quotes PHP 12 to PHP 36 and Cashspace ES lists 0% against Instabank's 7.99% to 19.99%.

Who runs it

The lender behind the loan is Instabank ASA, based in no and trading since 2016. Support runs on email, chat and phone, so there is a person to call as well as a place to check the details yourself. A single company signs the contract and handles the repayments from start to finish.

How Instabank compares

Where Instabank is available

Available
Finland, Germany, Norway
Licence in Norway
Finanstilsynet, checked September 26, 2026

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

Frequently asked questions

What interest rate will I pay?+

Instabank's consumer loan runs at 7.99% to 19.99%. What you are offered depends on your income, your debts and your credit file, so a strong application usually sits nearer the lower end of that range. The consumer loan page also shows a representative example with the nominal rate, the effective rate and the total cost in NOK.

What fees does Instabank charge?+

The consumer loan charges an establishment fee when you draw it down and a term fee every month, both on top of the interest. Neither is a percentage of the balance, so the cash cost depends on the amount you borrow and the term you take, which runs 36 to 180 months. Add both to the interest before you compare offers.

How much can I borrow?+

You can borrow NOK 5,000 to NOK 500,000 on the consumer loan, and the borrowing is unsecured, so there is no property to put up as security. Instabank lists home improvement as an expected use, and the platform also covers debt consolidation, car and business borrowing.

How quickly do I get the money?+

Speed is the main draw: same day funding is part of the deal, and money follows Same day or within 24 hours after signing with BankID. You sign with BankID, so the application, the credit check and the contract all happen in the same flow rather than through posted paperwork, which suits anyone who needs to pay a supplier quickly.

What credit do I need to qualify?+

Instabank runs a hard credit check and expects good credit. The consumer loan also applies an eligibility test: no payment remarks, a minimum age, gross income above a set level, total debt within a set multiple of that income, and a stress test where rates rise a few points. Missing any of these stops the application before an offer.

Who regulates Instabank?+

Instabank is supervised in no by Finanstilsynet, the financial regulator, and lends under its own name as Instabank ASA. This is borrowing rather than saving: what reaches your account is a loan carrying interest and fees, and it is your own money going out rather than a deposit held for you.

Can I repay the loan early?+

Early repayment is free, so handing money back before the end of the term costs nothing extra and cuts the total interest. The monthly term fee is the part that keeps running to the end of the loan. If a bonus or an unexpected payment is likely during the term, that flexibility is worth something.

Sources

  • instabank.no checked September 26, 2026

    Backs: Loan types

  • instabank.no/forbrukslan checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Credit needed, Eligibility, Free early repayment, Headquarters, Legal entity, Lender type, Arrangement fee, Representative example, Support channels, Term, Use cases, Licences

    “Lånebeløp: 5 000 – 500 000 kr”

  • instabank.no/lan checked September 26, 2026

    Backs: Features, Funding time

  • instabank.no/om-oss checked September 26, 2026

    Backs: Founded

    “Instabank is a Nordic challenger bank, established as a fully digital bank in 2016”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Instabank

Instabank

Same day unsecured consumer loans for borrowers with good credit and a steady income.

9.1/10See alternatives

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