Question 1

Are there any limits on the amount of the loan?

Accepted Answer

The minimum amount of the loan is ISK 250.000. The maximum amount of the loan depends on the credit score and customer‘s ability to pay, but never exceeds ISK 2 million. The maximum loan period is 3 years and the minimum loan period is 12 months.

Question 2

What are the interest rates on the loan?

Accepted Answer

The interest rates of the loan is variable depending on each individual‘s credit score. The interest rates are non-indexed.

Question 3

Who can apply for the loan?

Accepted Answer

Individuals who have reached the age of 18, as well as having the ability to pay and a good credit score.

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