Morrow Bank review

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

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Our verdict

Morrow Bank suits Norwegian borrowers with a clean credit record who want a personal or debt consolidation loan paid out fast. The variable rate tops out at up to 33.48%, above the 12% typical here, and an arrangement fee of 899 - 1 999 NOK applies.

Key facts

Best for
Adults in Norway with a clean credit record after a personal or debt consolidation loan quickly.
APR
up to 33.48% (Source, checked September 26, 2026)
Loan amount
NOK 10,000 to NOK 500,000 (Source, checked September 26, 2026)
Term
up to 60 months (Source, checked September 26, 2026)
Arrangement fee
899 - 1 999 NOK (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Disbursed within 1-2 business days, same day possible (Source, checked September 26, 2026)
Representative example
Forbrukslån: 120,000 NOK over 5 years, nominal rate 13.50%, effective rate 15.68%, origination fee 1,599 NOK, 35 NOK per month, cost 49,978 NOK, total 169,978 NOK (Source, checked September 26, 2026)
Rate type
Variable (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Aged 20 or over, registered address in Norway, no payment remarks or debt collection claims (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Morrow Bank AB (Source, checked September 26, 2026)
Headquarters
Sweden (Source, checked September 26, 2026)
Founded
2012 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre, Chat (Source, checked September 26, 2026)
Features
Same-day funding
Official website
morrowbank.no

Apps and profiles

Elsewhere
WikidataLinkedIn

Pros and cons

Pros

  • Loan sizes run NOK 10,000 to NOK 500,000, which places Morrow Bank 323 of 685 on borrowing amount.
  • Same-day funding is listed, and the money is sent Disbursed within 1-2 business days, same day possible.
  • Early repayment is free, so clearing the balance sooner costs nothing extra.
  • Support runs on phone, email and help centre.

Cons

  • The variable rate reaches up to 33.48%, above the 24.92% mark on this site.
  • An arrangement fee of 899 - 1 999 NOK is added to the loan.
  • The credit check is hard, so a full credit file drives the decision, and applicants need a registered address in Norway with a clean record.
Morrow Bank

Ready to try Morrow Bank?

Scored 9.2 / 10 by BorrowCue.

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Who it suits

  • Adults in Norway with a registered address and a record free of payment remarks or debt collection claims.
  • People pulling several debts into a single repayment, since the brand covers personal and debt consolidation loans (personal and debt consolidation).
  • Borrowers who want money quickly and can live with a rate that moves, since same-day funding is offered.

Who should look elsewhere

  • Anyone who wants a lower quoted rate should weigh Monzo Flex, which lists 10% to 23% in a separate market.
  • Borrowers after an interest-free option should look at Cashspace ES, which quotes 0%.
  • Applicants put off by a hard credit check (hard) should compare Cashspace, which lists rates of PHP 12 to PHP 36.

Safety and regulation

Morrow Bank is a direct lender rather than a broker, as direct lender shows, so pricing and credit decisions sit with the lender itself. Finansinspektionen (Sweden) is the regulator named for the brand. The published representative example pairs a mid-sized consumer loan with a short repayment period, and interest plus the arrangement fee come to a large share of the amount borrowed.

How Morrow Bank compares

Where Morrow Bank is available

Available
Finland, Norway, Sweden
Licence in Sweden
Finansinspektionen (Sweden), checked September 26, 2026

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

Frequently asked questions

What does Morrow Bank charge in fees?+

The arrangement fee is 899 - 1 999 NOK, charged when the loan is set up. The published representative example shows that fee sitting alongside the interest on a mid-sized consumer loan, and the total cost there is large next to the amount borrowed. Repaying early is free.

What rate will I pay on the loan?+

The rate is variable, so it can move instead of staying fixed for the whole term. The quoted ceiling is up to 33.48%, higher than the 12% middle of the loans reviewed here and above the 24.92% mark most of them sit under.

How much can I borrow, and for how long?+

Borrowing runs NOK 10,000 to NOK 500,000, and the repayment term can stretch to up to 60. The brand lends for personal and debt consolidation purposes (personal and debt consolidation), with home improvement listed as a use case, so a larger renovation or a tidy up of existing debts both fit.

Will I pass the credit check?+

The credit check is hard, so a full credit file is used and the application follows the result, and hard applies to every applicant. You also need to be an adult with a registered address in Norway, and any payment remarks or debt collection claims on your record weigh against the application.

How fast is the money paid out?+

Same-day funding is listed as a feature, and the money goes out Disbursed within 1-2 business days, same day possible. The feature appears on 82.9% of the loans reviewed here, so a short payout is common in this market. The transfer follows approval of the application.

Who is behind Morrow Bank, and who regulates it?+

Morrow Bank is a lender rather than a savings provider, so the balance is money you owe rather than money held for you. The brand is a direct lender, as direct lender records, and Finansinspektionen (Sweden) is the regulator named for it.

How do I get help, and what about repaying early?+

Support runs on phone, email and help centre, so phone, email, chat and a help centre cover the application and any questions after it. Early repayment is free, so clearing the balance ahead of schedule adds no charge. The terms to read first are the arrangement fee and the rate type.

Sources

  • morrowbank.no/hjelp/lan checked September 26, 2026

    Backs: Eligibility, Support channels, Term

  • morrowbank.no/lan checked September 26, 2026

    Backs: Loan types

  • morrowbank.no/lan/forbrukslan checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Features, Funding time, Rate type, Use cases

    “Forbrukslån fra 10 000 til 500 000 kr”

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

    Backs: Founded, Headquarters, Legal entity, Lender type, Licences

    “Stiftet: 1. oktober 2012”

  • morrowbank.no/priser-og-vilkar checked September 26, 2026

    Backs: Free early repayment, Arrangement fee, Representative example

    “Etableringsgebyr 899 - 1 999 kr”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Morrow Bank

Morrow Bank

Adults in Norway with a clean credit record after a personal or debt consolidation loan quickly.

9.2/10See alternatives

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