Santander Consumer Bank NO review

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

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Our verdict

Santander Consumer Bank AS lends directly in Norway, a single market, and suits borrowers funding a home improvement who can clear a hard credit check. Its consumer loans run at an APR of 10.45% to 21.93% on amounts of NOK 30,000 to NOK 400,000, with funding Within a short time after signing the agreement.

Key facts

Best for
Norwegian borrowers financing a home improvement who can meet a minimum income and pass a hard credit check.
APR
10.45% to 21.93% (Source, checked September 26, 2026)
Loan amount
NOK 30,000 to NOK 400,000 (Source, checked September 26, 2026)
Term
60 months (Source, checked September 26, 2026)
Arrangement fee
950 NOK (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Within a short time after signing the agreement (Source, checked September 26, 2026)
Representative example
Forbrukslån: NOK 95,000 over 5 years, nominal rate 11% / effective rate 12.76%, origination fee NOK 950, cost NOK 31,682, total NOK 126,682 (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Age 23+, minimum annual income NOK 200,000, permanently resident in Norway, no debt collection cases or payment remarks (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Car (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Santander Consumer Bank AS (Source, checked September 26, 2026)
Headquarters
Norway (Source, checked September 26, 2026)
Founded
1946 (Source, checked September 26, 2026)
Support channels
Chat, Phone, Help-centre (Source, checked September 26, 2026)
Official website
santanderconsumer.no

Apps and profiles

Elsewhere
WikidataLinkedInyoutube.cominstagram.com

Pros and cons

Pros

  • Free early repayment on consumer loans, so paying off early costs nothing extra
  • Support runs on chat, phone and help centre, giving a phone line and live chat alongside self service
  • Lending spans personal, debt consolidation and car, so personal, debt consolidation and car borrowing sit with one lender
  • Funding arrives Within a short time after signing the agreement

Cons

  • A hard credit check is required, and the credit file must stay clean of debt collection cases and payment remarks
  • An origination fee of 950 NOK adds to the cost of every consumer loan
Santander Consumer Bank NO

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Scored 9.4 / 10 by BorrowCue.

See alternatives

Who it suits

  • Borrowers in Norway who are permanently resident and meet a minimum annual income
  • Adults only applicants with no debt collection cases or payment remarks on their record
  • Anyone happy to clear a hard credit check before an offer

Who should look elsewhere

  • Cashspace, which prices at PHP 12 to PHP 36 and serves a different market
  • Monzo Flex, whose rates run at 10% to 23% rather than 10.45% to 21.93% here
  • Cashspace ES, which shows an APR of 0% and no consumer loan range to compare

How your money is protected

Santander Consumer Bank AS is a direct lender, so the loan comes from the bank named on your agreement rather than a broker passing it on. The representative example for a consumer loan sets out a nominal rate, an effective rate, the origination fee of 950 NOK and a total repayment amount. That illustration is the clearest picture of what a consumer loan costs here.

The company behind it

The lender behind the offer is Santander Consumer Bank AS, with its headquarters in Norway, a market it has served since 1946. It lends as a direct lender across personal, debt consolidation and car loans. Customer service runs on chat, phone and help centre, so questions about a consumer loan, its rate or an early repayment can be raised by phone or chat, with a help centre for detail.

How Santander Consumer Bank NO compares

Where Santander Consumer Bank NO is available

Available
Norway

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

Frequently asked questions

What rate do I pay on a Santander consumer loan?+

Consumer loans are priced at an APR of 10.45% to 21.93% in Norway, which is the figure to compare against other lenders. The representative example separates a nominal rate from an effective rate, so the effective rate is the clearer guide to the cost of borrowing.

How much can I borrow and for how long?+

Consumer loan amounts run NOK 30,000 to NOK 400,000, with a term of 60. The same range covers the personal, debt consolidation and car lending the bank offers, so a larger project and a smaller one can both be priced on the same terms.

What fees are charged on top of the loan?+

An origination fee of 950 NOK applies to a consumer loan, and the representative example folds it into the total repayment amount rather than listing it separately. Early repayment is free, so settling the loan sooner carries no charge.

Will I pass the credit check?+

Applications run a hard credit check, and eligibility also requires a minimum annual income, permanent residence in Norway, and no debt collection cases or payment remarks. Applicants are adults only, so a thin credit file or any registered default is a reason to look elsewhere.

How quickly is the money paid out?+

Funding happens Within a short time after signing the agreement, so the money follows the signing of the agreement rather than an open ended wait. That makes a consumer loan workable for a home improvement project where the builder needs payment on a fixed date.

What can I use the loan for?+

Home improvement is the stated use case, and the bank also lends for personal, debt consolidation and car purposes. The consumer loan is arranged with the bank directly, so the agreement and the customer service contact both sit with Santander Consumer Bank AS.

Who do I contact about the loan?+

Support runs on chat, phone and help centre, which covers phone, live chat and a help centre. A hard credit check is part of the application, so a question about the credit file should be raised by phone before an offer is requested.

Sources

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

Santander Consumer Bank NO

Santander Consumer Bank NO

Norwegian borrowers financing a home improvement who can meet a minimum income and pass a hard credit check.

9.4/10See alternatives

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