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.
To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyThe Danske Bank Existing Freedom C/Acc Customers charges 7.3% APR representative on loans between £10,000 and £25,000. Danske Bank offers the loan with repayment terms between 1 and 5 years, and applicants can apply to borrow from £1,000 to £25,000.
The Danske Bank Existing Choice Plus or Prestige C/Acc Customers charges 6.9% APR representative on loans between £10,000 and £25,000. Danske Bank offers the loan with repayment terms between 1 and 5 years, and applicants can apply to borrow from £1,000 to £25,000.
The Danske Bank Home Owners Personal Loan charges 6.8% APR representative on loans between £1,000 and £25,000. Danske Bank offers the loan with repayment terms between 1 and 5 years, and applicants can apply to borrow from £1,000 to £25,000.
The Danske Bank Fixed Rate Personal Loan charges 7.4% APR representative on loans between £10,000 and £25,000. Danske Bank offers the loan with repayment terms between 1 and 5 years, and applicants can apply to borrow from £1,000 to £25,000.
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.
| Loan amounts | From £1,000 to £25,000 |
|---|---|
| Loan terms | From 1 year to 5 years |
| Age eligibility | 18 years and over |
| Application fee | No application fee |
| Repayment holiday | Repayment holiday not permitted |
| 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 |
| 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 |
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £1,000.00 to £25,000.00 |
| Loan terms | 1 year to 5 years |
| Loan rate type | Variable |
| 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 |
| 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 |
All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.
Bear in mind, however, that lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.
Before you take out a personal loan, it’s smart to read up and shop around. You can use the table below to see how much you’d be likely to pay for the loan you have in mind.
To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyYou should only apply for a Danske Bank personal loan if you’re certain you can meet the repayment terms. You must also:
Although Danske Bank personal loans are not advertised as being secured, the website does suggest that an indemnity or guarantee may be required, for which you will also be charged a fee.
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 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.
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.
Based in Northern Ireland, Danske Bank offers a solid fee-free personal loan option. Find out how it works and compare it to its competitors’ deals.