April 16, 2024

Paull Ank Ford

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How to Apply for a Loan in Denmark

Knowing how to apply for loans in Denmark is important, especially if you have just recently arrived in the country and are trying to settle down. Online reviews in Denmark show that a great estimate of newcomers to Denmark eventually apply for loans sooner or later. Therefore, if you find yourself in this situation, you need to know that it isn’t strange and you are not alone.

There are some things you need to know if you want to get a loan in Denmark. This article has been created to serve that purpose. Below is some information that will help you.

What do I need to be eligible for loans in Denmark?

  • Permanent residency

You will need to be a permanent resident of Denmark before you can get a loan in Denmark. This is not strange as it is applicable in most countries. However, you won’t have to worry too much about permanent residency if you come from an EU nation.

  • CPR-Number

A CPR-Number and a permanent address are two vital criteria for getting a successful loan. Your CPR Number is your permit to get easy access to various aspects of life in Denmark. Aside from these, other things, such as being employed by a Danish company, won’t be much consequential to your loan application.

Loaning from a Bank in Denmark

Ensure you get a bank account in Denmark as soon as you arrive, making your transactions and loan application easier. Most Danish banks do not charge a fee for opening an account. However, if you are dealing with the best banks in Denmark, the waiting and documentation will consume a lot of time. That is why you need to apply for a bank account early.

Accepting your salary into your Danish bank account will work in your favor when you try obtaining a loan. When the bank goes through your records and discovers that your salary often flows into their bank, they will be compelled to give you the loan. They will be confident about your capabilities and seriousness as a person.

Mortgage and other types of loans

In Denmark, mortgage loans are one of the commonest. This is usually done to enable a person to own a house or landed property. Other types of loans exist depending on the purpose. Some may take auto loans to enable them to own a car. Student loans are also popular in the country. These loans are typical in other parts of the world.

Taking a forbrukslån

A quick loan, known as forbrukslån in Danish, is an urgent loan with a high approval rate, can occur within a short time, and is often awarded by online institutions. Forbrukslåns are now popular in Denmark and other regions because of the ease of getting them. However, such loans have higher interest rates than usual bank loans. Therefore, it is important to get the facts before applying for such loans.


Applying for a loan in Denmark is not difficult as it is almost similar to what is obtainable in other countries. You must meet the requirements and wait patiently for the bank or other loan institution to consider your application.