NúNú Lán ehf review

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

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Our verdict

NúNú Lán ehf is an Icelandic direct lender aimed at adults who need a short bridging sum rather than a long personal loan, and its 22 term keeps the commitment brief. The price of that speed is the 42.71% APR, which makes it a stopgap rather than cheap credit.

Key facts

Best for
Adults in Iceland covering a short term gap who can pass a hard credit check.
APR
42.71% (Source, checked September 26, 2026)
Loan amount
ISK 12,000 to ISK 480,000 (Source, checked September 26, 2026)
Term
22 months (Source, checked September 26, 2026)
Arrangement fee
183 ISK flat origination fee on the 12,000 ISK 22-day loan (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Paid into your bank account within 5 minutes (Source, checked September 26, 2026)
Representative example
12,000 ISK loan over 22 days at 11.20% variable interest: 77 ISK interest plus 183 ISK origination fee, total repayment 12,260 ISK, APR (AHK) 42.71% (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
Residents of Iceland, over 20 years old (general terms state 18+, Icelandic national ID and domicile) (Source, checked September 26, 2026)
Loan types
Personal, Payday, Credit-line (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Legal entity
NúNú lán ehf. (kt. 7010190240) (Source, checked September 26, 2026)
Headquarters
Iceland (Source, checked September 26, 2026)
Founded
2020 (Source, checked September 26, 2026)
Support channels
Phone, Email, Chat, Help-centre (Source, checked September 26, 2026)
Features
Same-day funding, Credit line
Official website
nunu.is

Pros and cons

Pros

  • Speed is the selling point: Paid into your bank account within 5 minutes.
  • Early repayment is free, so a quicker payoff adds no fee.
  • Borrowing of ISK 12,000 to ISK 480,000 covers a small advance or a larger personal loan.
  • Support runs on phone, email and chat.

Cons

  • Cost is the weak point: the APR is 42.71%, and the personal loan median across the site is 12.25%.
  • The rate is variable, so the cost of a balance left outstanding can rise.
  • A flat charge sits on small loans: 183 ISK flat origination fee on the 12,000 ISK 22-day loan.
NúNú Lán ehf

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Scored 8.8 / 10 by BorrowCue.

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Who it suits

  • Adults in Iceland whose pay lands after a bill is due and who need the money today.
  • Borrowers with a poor credit history who can clear a short balance quickly.
  • People who want a credit line and a small advance from the same lender.

Who should look elsewhere

  • Anyone who wants a lower rate on longer borrowing: Monzo Flex quotes 10% to 23%.
  • Borrowers who rule out interest charges: Cashspace ES shows 0%.
  • People after a wider rate band in another market: Cashspace lists PHP 12 to PHP 36.

Safety and regulation

NúNú Lán ehf lends directly, so the borrower deals with the lender rather than a broker, and the published example on a small short-term loan pairs variable interest with a flat origination fee. In Iceland it appears in the Neytendastofan register of lenders and comes under Fjármálaeftirlitið, the financial supervisory authority of the Central Bank of Iceland.

How NúNú Lán ehf compares

Where NúNú Lán ehf is available

Available
Iceland
Licence in Iceland
Neytendastofan (registered lender, VSK 138269), checked September 26, 2026
Licence in Iceland
Fjármálaeftirlitið (FME, Central Bank of Iceland financial supervisory authority), checked September 26, 2026

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

Frequently asked questions

What APR does NúNú Lán ehf charge?+

The published APR is 42.71%, and the rate is variable, which means the interest on an unpaid balance can move over the life of the loan. That figure sits well above the cheaper options in this comparison, so treat the borrowing as short term and repay it as soon as the money lands.

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

Borrowing runs ISK 12,000 to ISK 480,000 in a single application, with a stated term of 22. Early repayment is free, so clearing the balance sooner than the term adds no fee. That flexibility matters most on the shorter loans, where interest would otherwise run for every extra day.

What fees will I pay?+

There is an origination fee of 183 ISK flat origination fee on the 12,000 ISK 22-day loan, set out on the published example alongside the interest. Early repayment carries no charge, so a clean payoff avoids the fee question entirely. Compare that flat charge with a percentage arrangement fee before borrowing a small sum, since a fixed amount weighs more heavily on a small loan.

How quickly will I get the money?+

Funding is fast: the money is Paid into your bank account within 5 minutes. The lender lists same-day funding among its same day funding and credit line, which suits a shortfall that has to be covered today rather than next week.

What credit check will I need to pass?+

The check is hard, and the credit level expected is poor. That combination suits borrowers with a thin or damaged file, but it also means a decision can turn on the credit record alone. Applicants with good or excellent credit are not the target here.

Who can apply for a loan?+

Applicants must be residents of Iceland with an Icelandic national ID and a domicile in the country, and there is a minimum age. NúNú Lán ehf works in a single market, IS, so people living outside the country are not assessed at all.

What kinds of loan are available?+

The lender covers personal, payday and credit line, and lists a credit line among its same day funding and credit line alongside same-day funding. In practice a short personal loan, a payday-sized advance or a revolving line can all be arranged with the same lender, which suits someone whose need changes month to month.

Is the lender regulated in Iceland?+

NúNú Lán ehf appears in the Neytendastofan register of lenders and comes under Fjármálaeftirlitið, the financial supervisory authority of the Central Bank of Iceland. Lending runs through the lender itself rather than a broker, so the contract is with NúNú lán ehf. (kt. 7010190240).

Sources

  • nunu.is/IS/skilmalar checked September 26, 2026

    Backs: Credit check, Credit needed

  • nunu.is/IS/spurt-og-svarad checked September 26, 2026

    Backs: Loan amount, APR, Eligibility, Features, Free early repayment, Funding time, Lender type, Loan types, Arrangement fee, Rate type, Representative example, Support channels, Term

    “fáðu lánið greitt inná bankareikninginn þinn á innan við 5 múnútum”

  • nunu.is/IS/um-okkur checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity

    “NúNú lán ehf kt: 7010190240, var stofnað í apríl 2020”

  • rafraen.neytendastofa.is checked September 26, 2026

    Backs: Licences

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

NúNú Lán ehf

NúNú Lán ehf

Adults in Iceland covering a short term gap who can pass a hard credit check.

8.8/10See alternatives

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