Read on here to learn more about our consumer loan and how to apply.

Signe avatar
Written by Signe
Updated over a week ago

Please note that this information only applies to Lunar in Denmark.

Do you need a loan for a new project, your kitchen renovation, or an unexpected expense? With Lunar, you can apply for a consumer loan directly in the Lunar app.

What is a consumer loan?

A consumer loan is a flexible loan for consumption, where you decide what you use the money for. Consumer loans can be made between 10,000 and 300,000 DKK.

What does it cost to have a consumer loan?

The interest starts at 4.49% and can go up to 19.99%. The interest rate is based on the loan amount, the term, and your personal credit assessment.

There is no setup fee, and it is free to receive a non-binding offer. However, please note that there is a monthly administration fee of 25 DKK and a 15 DKK fee for repayment via Payment Service.

When does the loan need to be repaid?

The loan must be repaid over a period of 12 months to 12 years - depending on your personal offer.

You can always pay back more of your loan if you want to. In that way, you can get rid of the loan faster and save on interest expenses.

How to apply for a loan

You apply for the loan in the Lunar app under the "Discover" tab. Here, you will be asked to provide information about yourself and your finances. You usually receive a response to your application within 24 hours.

If your loan application is approved, the loan will be automatically transferred to your NemKonto within 1.3 business days.

Did this answer your question?