Use our Danske Bank loan calculator to get an idea of how much you'd pay back on a fixed-rate, unsecured Danske Bank personal loan as an existing customer (which you'll need to be, in order to apply). Loan amounts between £1,000 and £25,000 with rates starting from 7.4%.
Contemplating the holiday of a lifetime, or perhaps a new car? A flexible, fixed-rate loan from Danske Bank allows you to spread the cost. It’s straightforward to start an application online at the Danske Bank site, but you will need to go into a branch or speak to an advisor on the phone to complete the process.
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Our calculator lets you pick how much you want to borrow over a time frame that suits you, so you can estimate how much you would pay back each month and pay back overall. We base our calculations on Danske Bank’s representative APR, but it’s important to note that your circumstances can affect the rate you’re offered.
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
How do Danske Bank loans compare against the competition?
See today's rates from across the personal loan market.
The Danske Bank Existing Freedom C/Acc Customers charges 7.4%APR representative on loans between £10,000 and £25,000. Danske Bank offers the unsecured personal loan with repayment terms between 1year and 5years, and applicants can apply to borrow from £1,000 to £25,000.
Key features of a Danske Bank loan
Loan type
Unsecured Personal Loan
Loan amounts
£1,000.00 to £25,000.00
Loan terms
1 year to 5 years
Loan rate type
Fixed
Product fee
0%
Same-day funding available
Same-day funding note
Branch applications only.
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methods
Standing Order
Who is Danske Bank?
Danske Bank, a trading name of Northern Bank, is one of the major banks in Northern Ireland. With headquarters in Copenhagen, it is the largest bank in Denmark and one of the leading financial enterprises in northern Europe.
Danske Bank stipulates that personal loan repayments must be made from a Danske Bank current account. If you’re a Danske Freedom, Choice or Prestige account customer, you may get a better rate. Unlike many personal loan providers, Danske Bank allows you to make a single or joint application with a partner or family member.
APR and Representative APR explained
The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because Danske Bank doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.
However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what Danske Bank gives to at least 51% of those who take out the loan. The other 49% could pay more. Danske Bank must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
Danske Bank advertises a representative APR of 7.4% on loans between £10,000 and £25,000 on the Danske Bank Existing Freedom C/Acc Customers.
How do I apply?
You will need to log in to your Danske Bank online banking account to fill out an application form. Select how much you would like to borrow and over what term.
You will also be required to provide personal, banking, income and expenditure details. To complete the application, you will need to either go into a branch or speak to an advisor on the phone. You can request an appointment or a callback using a form on the bank’s website.
Danske Bank customer reviews
Danske Bank has received average reviews from customers, according to review platform Trustpilot. It currently has a rating of 4.5 out of 5, based on more than 16,500 reviews (updated May 2024). Some customers reported a slow application process and poor customer service.
Customer support
For personal banking queries, you can call Danske Bank on 0345 600 2882, or alternatively you can use the online chatbot found on their website.
Frequently asked questions
Danske Bank will only approve applications from customers who have a good credit rating. If you have made financial slip-ups in the past, you are unlikely to be accepted.
If you don’t already have a current account with Danske Bank, you will need to open one before you can apply for a personal loan.
Danske Bank provides loans of between £1,000 and £25,000. The amount you can borrow will be determined by your credit rating and personal financial circumstances.
A personal loan can be used for a variety of purposes, but cannot be used to buy property. You may use it for debt consolidation, a new car, a holiday or home improvements.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio
Chris's expertise
Chris has written 555 Finder guides across topics including:
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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