Landsbankinn review

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

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Our verdict

Landsbankinn suits Iceland-based borrowers who want a direct bank relationship for a home loan or a personal loan, with mortgages fixed for 1 to 5 years. It works for anyone planning to stay put, though the capped fixed period and a hard credit check make it weaker for those wanting a long rate lock.

Key facts

Best for
Icelandic buyers and movers who want one direct bank for home and personal borrowing.
Fixed period
1 to 5 years (Source, checked September 26, 2026)
Maximum loan to value
90% (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Landsbankinn hf. (Source, checked September 26, 2026)
Headquarters
Iceland (Source, checked September 26, 2026)
Support channels
Email, Phone, Chat (Source, checked September 26, 2026)
Official website
landsbankinn.is

Loans

Loan amount
ISK 3,150,000 (Source, checked September 26, 2026)
Term
3 to 60 months (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Instant, money received straight away in the Landsbankinn app (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Loan types
Personal, Credit-line (Source, checked September 26, 2026)
Legal entity
Landsbankinn hf. (Source, checked September 26, 2026)
Headquarters
Iceland (Source, checked September 26, 2026)
Support channels
Email, Phone, Chat (Source, checked September 26, 2026)
Features
Same-day funding, Credit line

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Personal loans and a credit line from one direct lender rather than a broker
  • Free early repayment, so clearing a balance early costs nothing
  • Fast payout, with money received straight away in the Landsbankinn app
  • Home lending covers purchase, remortgage and first time buyer up to 90% loan to value

Cons

  • Fixed periods of 1 to 5 sit below the market median of 10 years, so the rate can be repriced sooner
  • A hard credit check, so an application leaves a full search on the file
  • Personal loan terms top out at 3 to 60 months against a market median of 36 months
Landsbankinn

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Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • First-time buyers in Iceland using a home loan for a purchase or a remortgage
  • Borrowers who want a personal loan and a credit line from the same direct lender
  • Anyone content with a shorter rate lock rather than the market norm

Who should look elsewhere

  • Buyers wanting a long fixed period, since Prestalo fixes for 25 years
  • Borrowers hoping for a lighter check, where Sofkredit takes a different approach
  • Shoppers wanting a personal loan term longer than 3 to 60 months

The company behind it

The lending entity is Landsbankinn hf., a direct lender based in Iceland. You deal with the bank itself rather than a broker, which keeps the decision in one place but ties the offer to one provider's own pricing. Support runs through email, phone and chat, so help is available by email, phone and chat, and personal loan or credit line money is credited straight to the Landsbankinn app.

How Landsbankinn compares

Where Landsbankinn is available

Available
Iceland

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

Frequently asked questions

What kinds of loan does Landsbankinn offer?+

Landsbankinn offers personal and credit line, so a personal loan or a revolving credit line sits alongside its home lending. Both carry free early repayment, which means you can clear a balance early without paying a charge. Payout is quick, with money received straight away in the Landsbankinn app.

How long can a mortgage rate be fixed?+

Home loans are fixed for 1 to 5 years. That is a shorter lock than many offers, since the median across the tracked market is 10 years. Borrowers who expect rates to rise may prefer a lender that holds the rate for longer.

What is the maximum loan to value?+

The maximum loan to value is 90%, which matches the median of 90% across the market. Home loans are offered for purchase, remortgage and first time buyer, covering buying, switching lender and first-time buyers.

How much can I borrow?+

The listed borrowing limit is ISK 3,150,000. Personal loans and credit lines run over a term of 3 to 60 months, against a market median term of 36 months. So the ceiling is high while the repayment window stays comparatively short.

Will applying affect my credit file?+

Applications run a hard credit check, which is recorded on your file. The wider market leans the same way, with a hard check on 72.7% of tracked listings. A hard check is the most common approach, though it does leave a full footprint.

How quickly is the money paid out?+

Funding is instant, with money received straight away in the Landsbankinn app. Speed is common across the market, with 82.9% of tracked listings sharing it, so it is standard here rather than a differentiator.

What support can I get?+

Support runs through email, phone and chat, meaning email, phone and chat. That sits above the market norm for chat, which appears on 33.1% of tracked listings, so live chat is worth using if a question comes up mid-application.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Initial rate, APRC.

Landsbankinn

Landsbankinn

Icelandic buyers and movers who want one direct bank for home and personal borrowing.

9.1/10See alternatives

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