Aur review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Aur suits Iceland residents who want a fee free debit account and personal loans from one app. Its currency conversion fee of 2.6% is the weak point, set against a variable headline rate of 2.75% and an origination fee of From 3.98% of the loan amount, added to the principal.
Key facts
- Best for
- Icelandic adults wanting a fee free debit account with quick personal loans in the same app.
- Monthly fee
- ISK 0↗
- Currency conversion fee
- 2.6%↗
- Card type
- Debit↗
- Card network
- Visa↗
- Legal entity
- Kviku banki hf.↗
- Headquarters
- Iceland↗
- Support channels
- Email, Phone↗
- Features
- Virtual card, Travel
- Official website
- aur.is
Loans
- APR
- 17%↗
- Loan amount
- ISK 50,000 to ISK 400,000↗
- Term
- 3 to 24 months↗
- Arrangement fee
- From 3.98% of the loan amount, added to the principal↗
- Credit check
- Hard↗
- Funding time
- Under one minute to apply and have the loan paid out↗
- Rate type
- Variable↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Individuals aged 20 or older who are resident in Iceland and pass Aur's lending rules↗
- Origination fee (%)
- 3.98% to 5.98%↗
- Loan types
- Personal↗
- Pricing model
- No annual fee
Savings
- Headline rate
- 2.75%↗
- Access terms
- Immediate app access to the balance and card, interest paid monthly, no notice period, ATM withdrawals up to ISK 100,000 per day in Iceland and abroad↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 10 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Monthly and annual account fees are both ISK 0 and ISK 0, so keeping the account open costs nothing
- Easy access account with no notice period, interest paid monthly and a Under one minute to apply and have the loan paid out loan payout
- Foreign debit spend earns 2.6% Klink back on foreign debit spend back as points through the Visa network
- Personal loans of ISK 50,000 to ISK 400,000 over 3 to 24 with free early repayment
Cons
- A currency conversion fee of 2.6% applies on card conversion, above the 2.6% ranking group median of 1%
- Credit checks are hard, so approval depends on a full credit assessment
- Lending covers personal loans only, and Aur is a direct lender, so the bank lends its own money
Who it suits
- Iceland residents who bank and borrow in the same app
- Adults who want a debit account with no monthly or annual charge
- Travellers who earn Klink back on foreign card spend
Who should look elsewhere
- People wanting a lower currency conversion fee, where bunq or wise fit better
- Borrowers wanting a soft credit check, since checks here are hard
- Anyone outside Iceland, as the legal entity is Kviku banki hf. based in Iceland
Who runs it
Aur is operated by Kviku banki hf., a bank headquartered in Iceland, which also lends directly to borrowers. Customers reach the bank through the app, where balance and card details appear immediately. Support runs on email and phone only, so questions are answered by email or phone rather than in app chat or a forum.
How Aur compares
8.8 vs 9.4
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8.8 vs 8.7
8.8 vs 9.2
8.8 vs 9.4
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8.8 vs 9.2
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8.8 vs 8.5
8.8 vs 8.8
8.8 vs 9.0
8.8 vs 8.6
8.8 vs 8.3
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8.8 vs 9.4
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8.8 vs 9.0
8.8 vs 9.0
8.8 vs 9.0
8.8 vs 8.9
8.8 vs 8.8
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8.8 vs 8.4
8.8 vs 8.0- 8.8 vs 8.0
Where Aur is available
- Available
- Iceland
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold an Aur account?+
Holding the account is free. The monthly fee is ISK 0 and the annual fee is ISK 0, and the model is no annual fee. You can also borrow from the same app, where the arrangement costs a fee of From 3.98% of the loan amount, added to the principal added to the principal.
What is the cost of borrowing from Aur?+
Loans run at a variable rate, with a headline rate of 2.75% and an APR of 17%. An origination fee of From 3.98% of the loan amount, added to the principal is added to the principal, and the percentage runs 3.98% to 5.98% of the loan amount. Early repayment is free.
How much can I borrow and for how long?+
Personal loans run from ISK 50,000 to ISK 400,000 over terms of 3 to 24. Aur is a direct lender, so the money comes straight from the bank. Payout is quick, with Under one minute to apply and have the loan paid out.
Will I pass the credit check?+
The credit check is hard, meaning a full assessment is run. Eligibility covers adults who are resident in Iceland and pass Aur's lending rules, and the loan types offered are personal.
What happens to my savings?+
The account is an easy access account. Access is immediate through the app, interest is paid monthly, and there is no notice period, so you reach your balance and card without waiting. Cash machine withdrawals carry a daily cap in Iceland and abroad.
What does the card cost to use abroad?+
Currency conversion costs 2.6% on the Visa network. Foreign debit spend earns 2.6% Klink back on foreign debit spend in Klink points, which partly offsets the charge. The card is a debit card, and a virtual card is available for online use.
How do I get help from Aur?+
Support runs on email and phone, meaning email and phone are the listed ways to reach the bank. Questions therefore go by email or by phone rather than in app chat, which is not a listed channel for Aur customers.
Who can open an account and a loan?+
The account and card are opened in the app, with immediate access to the balance and card. Loans are for adults resident in Iceland who meet a minimum age and clear Aur's lending rules, and the whole arrangement sits with Kviku banki hf. in Iceland.
Sources
- aur.is/almennir-skilmalar checked September 26, 2026
Backs: Rate type
- aur.is/kort-reikningar checked September 26, 2026
Backs: Access terms, Account kind
- aur.is/lan checked September 26, 2026
Backs: Loan amount, Credit check, Eligibility, Free early repayment, Funding time, Loan types, Term
“Aur loan - The highest possible loan amount in one go is 400,000 kr. and the total cap on loans is 1,000,000 kr. The lowest loan amount is 50,000 kr.”
- aur.is/lanaskilmalar checked September 26, 2026
Backs: Lender type
“The lender is entitled to assign rights and/or obligations under this loan agreement to a third party”
- aur.is/verdskra checked September 26, 2026
Backs: APR, Headline rate, Arrangement fee, Origination fee (%)
“Aur loan, interest & fees - Interest: From 17%”
- aur.is checked September 26, 2026
Backs: Features, Headquarters, Legal entity
“Þú getur notað kortið strax í Apple Pay eða Google Pay”
- aur.is/gengi-gjaldmidla checked September 26, 2026
Backs: Currency conversion fee, Card network
“byggt á grunngengi VISA - Aur kort”
- aur.is/hafa-samband checked September 26, 2026
Backs: Support channels
“aur@aur.is Sími: 519-8070”
- aur.is/kort-reikningar checked September 26, 2026
Backs: Card type, Rewards rate, Rewards type
“Vertu með hagstæðasta debetkortið - Aur Núll áskrift (Debetkort)”
- aur.is/spurt-svarad checked September 26, 2026
Backs: Pricing model
- aur.is/verdskra checked September 26, 2026
Backs: Annual fee, Monthly fee
“Aur Núll áskrift (Debetkort) 0 kr.”
Compiled from 11 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Aur
Icelandic adults wanting a fee free debit account with quick personal loans in the same app.