Multitude Bank p.l.c review

Updated September 30, 2026 · BorrowCue Editorial Team · Facts checked September 30, 2026

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Our verdict

Multitude Bank p.l.c suits borrowers in Denmark seeking flexible credit line borrowing with rapid access to funds around the clock and clear fixed pricing for planning repayments with confidence over time. Pricing sits at APR of 24.99% with repayment terms of 9 to 199 months for extended schedules.

Key facts

Best for
Danish residents seeking flexible credit line borrowing with rapid funding
APR
24.99% (Source, checked September 30, 2026)
Term
9 to 199 months (Source, checked September 30, 2026)
Arrangement fee
0 DKK (Source, checked September 30, 2026)
Funding time
within minutes, 24/7 (Source, checked September 30, 2026)
Representative example
Credit amount DKK 10,000 / 12 months: APR 24.99%, monthly payment DKK 934.96, total credit cost DKK 1,219.47 (Source, checked September 30, 2026)
Rate type
Fixed (Source, checked September 30, 2026)
Lender type
Direct lender (Source, checked September 30, 2026)
Free early repayment
Yes (Source, checked September 30, 2026)
Eligibility
Age 22+, Danish CPR number and registered address (Source, checked September 30, 2026)
Origination fee (%)
0% (Source, checked September 30, 2026)
Loan types
Personal, Credit-line (Source, checked September 30, 2026)
Legal entity
Multitude Bank p.l.c. (Source, checked September 30, 2026)
Headquarters
Malta (Source, checked September 30, 2026)
Founded
2005 (Source, checked September 30, 2026)
Support channels
Help-centre (Source, checked September 30, 2026)
Pricing model
Fixed rate
Features
Same-day funding, Credit line
Official website
ferratumbank.dk

Apps and profiles

Elsewhere
LinkedInfacebook.cominstagram.com

Pros and cons

Pros

  • Funding arrives within minutes, 24/7 with same day funding and credit line access for borrowers managing urgent spending needs.
  • Origination fee of 0 DKK with level at 0% keeps upfront charges contained for personal and credit line.
  • Free early repayment allows clearing balances ahead of schedule without extra charge across 9 to 199 months.
  • Direct access through direct lender with fixed terms under fixed supports clear planning against 21.59% from AXI Card Tarjeta y Credito.

Cons

  • Support runs on help centre only, which may suit borrowers comfortable with self service help around within minutes, 24/7.
  • Pricing at 24.99% exceeds 23% from Mi Prestamo, which matters for rate sensitive borrowing over 9 to 199 months.
  • Fixed pricing through fixed and fixed rate leaves limited choice for borrowers seeking variable terms over 9 to 199 months.
Multitude Bank p.l.c

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Who it suits

  • Residents who value rapid credit line access and accept support on help centre may prefer this brand over AXI Card Tarjeta y Credito for direct bank servicing.
  • Borrowers planning extended repayment across 9 to 199 months with fixed pricing at 24.99% may prefer this brand over Ibancar Prestamos for schedule flexibility.
  • Danish applicants meeting Age 22+, Danish CPR number and registered address who want personal and credit line from direct lender may prefer this brand over Mi Prestamo for account structure.

Who should look elsewhere

  • Borrowers seeking phone based service rather than support on help centre may prefer Mi Prestamo for a different contact approach.
  • Borrowers prioritising lower headline APR than 24.99% may prefer Ibancar Prestamos because its listed APR at 12.74% to 13.01% sits below this brand.

Application and funding speed

Speed is central to this credit line arrangement, with disbursement described as within minutes, 24/7 once checks are complete. That timing suits borrowers who value access outside normal office hours and wish to draw funds when household needs arise. Availability around the clock gives added flexibility for managing short term gaps without waiting for manual release. Repayment horizons stretch across 9 to 199 months, allowing borrowers to spread instalments over an extended period rather than settling within a compressed window. Longer horizons can ease monthly pressure while raising awareness of total cost over time. Borrowers can match drawdown timing with repayment planning by considering how within minutes, 24/7 interacts with obligations across 9 to 199 months. The combination of rapid release and extended schedules supports measured use, where funds are drawn when needed and repaid steadily across 9 to 199 months while keeping track of open balances through within minutes, 24/7 updates.

How your money is protected

Borrower protection starts with dealing directly with the lender, described as direct lender, rather than through added intermediaries. Direct handling means terms, payments and queries remain with the same provider throughout the life of the agreement. Clarity around obligations is supported by a published representative example that sets out credit amount with duration alongside monthly payment and total credit cost. That illustration helps borrowers see how instalments relate to overall expense before drawing funds. Reviewing the representative example alongside personal budget limits supports careful borrowing decisions and discourages reliance on credit for recurring shortfalls. Ongoing account management stays with the same direct lender contact point, which helps maintain clear records of withdrawals, repayments and remaining availability under the agreed structure.

Who regulates the lender

The provider acts as direct lender, meaning credit decisions, funding and servicing sit with the same organisation rather than being passed among brokers. That structure keeps responsibility for affordability review, disclosure and collections with the lender named in the agreement. Oversight for the Maltese entity comes from Malta Financial Services Authority, which supervises the home market activities of the bank. Borrowers in Denmark enter a cross border arrangement where home market supervision applies while Danish consumer rules govern marketing and sale locally. Understanding that the same direct lender remains accountable throughout helps borrowers know where to direct complaints and requests. Checking contractual details before drawing funds remains advisable, with attention to how the direct lender describes rights, obligations and remedies in plain language.

The company behind it

The account is offered by Multitude Bank p.l.c., a bank with roots reaching back to 2005 and a base linked to MT. That history points to an established organisation operating across markets with a focus on consumer credit products. Corporate identity remains consistent across materials, with Multitude Bank p.l.c. named as the contracting party for servicing and statements. Day to day assistance is delivered through help centre, offering written guidance and self service resources for common questions on use, repayment and account access. That channel suits borrowers comfortable resolving matters online and keeping records of correspondence. The link between Multitude Bank p.l.c., its base in Malta, its operation since 2005 and support through help centre gives a clear picture of who stands behind the agreement and how to seek help when needed.

How Multitude Bank p.l.c compares

Where Multitude Bank p.l.c is available

Available
Denmark
Licence in Malta
Malta Financial Services Authority, checked September 30, 2026

Countries from the brand (Source, checked September 30, 2026)

Frequently asked questions

What does borrowing cost?+

Fixed rate pricing applies at APR of 24.99% under fixed terms through fixed rate. The published representative example outlines monthly payment and total credit cost for planning. Fixed pricing helps borrowers anticipate repayment amounts across 9 to 199 months.

How fast is funding?+

Funding is described as within minutes, 24/7 with availability noted in same day funding and credit line. Credit line access allows repeated withdrawals within the agreed limit subject to checks. Timing can vary with verification and bank processing while direct lender manages disbursement.

How long can repayment last?+

Repayment schedules span 9 to 199 months under fixed terms through fixed rate. Longer schedules lower monthly amounts while raising total cost. The representative example illustrates how term length shapes monthly payment and total credit cost for personal and credit line.

Who can apply in Denmark?+

Eligibility centres on Age 22+, Danish CPR number and registered address for Danish applicants seeking personal and credit line. Applicants provide identification and address details during checks. Meeting residence and age criteria does not assure approval because affordability and credit review through direct lender apply.

Can the credit be repaid early?+

Early settlement without extra charge is available as Free early repayment for borrowers who wish to clear balances ahead of schedule. Paying early can reduce total interest across 9 to 199 months. Borrowers should confirm settlement steps with support on help centre before sending payment.

How is customer support handled?+

Assistance is provided through help centre for account and repayment queries linked to personal and credit line. The legal provider is Multitude Bank p.l.c. with history since 2005. Borrowers seeking phone or live chat may prefer providers with broader contact options.

Who provides the loan?+

The lender operates as direct lender under the name Multitude Bank p.l.c. with presence linked to MT. Oversight comes from Malta Financial Services Authority in the home market. Danish borrowers deal directly with the lender rather than through a broker arrangement.

Sources

  • ferratumbank.dk checked September 30, 2026

    Backs: Founded, Funding time, Headquarters, Legal entity, Arrangement fee, Support channels

    “2005 Grundlagt”

  • ferratumbank.dk/kredit checked September 30, 2026

    Backs: Eligibility, Features, Free early repayment, Loan types, Term

    “Minimum tilbagebetaling: 9 maaneder. Maksimum tilbagebetaling: 199 maaneder. Ferratum Kredit”

  • ferratumbank.dk/prisliste checked September 30, 2026

    Backs: APR, Lender type, Pricing model, Origination fee (%), Rate type, Representative example, Licences

    “Ferratum Kredit Prisliste - Aarlige omkostninger i procent 24,99%”

Compiled from 3 source pages, checked September 30, 2026. We did not open an account.

Not confirmed yet: Loan amount, Credit check.

Multitude Bank p.l.c

Multitude Bank p.l.c

Danish residents seeking flexible credit line borrowing with rapid funding

8.9/10Visit

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