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Bank Norwegian review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Bank Norwegian suits Norwegian adults who want saving, borrowing and a credit card handled in one place. The savings headline rate of 3.5% is the draw and the card pays cashback, but borrowing runs at 10.43% to 36.85% with an origination fee on top.

Key facts

Best for
Norwegian savers who also want a credit card and loans from one provider
Premium from
NOK 1,800↗
Insurance types
Travel, Dental, Income-protection, Auto↗
Provider type
Broker↗
Monthly payments
Yes↗
Excess from
NOK 0↗
Cover limit
Travel illness (Reisesyke): unlimited per insured person / unlimited per claim↗
Claims channels
Online claim form (Tryg), Email↗
Age range
Cardholder under 65 / over 65 price tiers, cover ends after cardholder turns 75↗
Legal entity
NOBA Bank Group AB (publ) NUF↗
Headquarters
Norway↗
Founded
2007↗
Support channels
Phone, Email, Help-centre↗
Pricing model
Monthly
Official website
banknorwegian.no

Loans

APR
10.43% to 36.85%↗
Loan amount
NOK 5,000 to NOK 600,000↗
Term
12 to 60 months↗
Arrangement fee
Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount)↗
Credit check
Hard↗
Funding time
0-3 business days after the last document is received↗
Representative example
Forbrukslån: nominal rate 12.99%, effective rate 15.15%, NOK 85,000 over 5 years, origination fee NOK 995; cost NOK 34,173, total NOK 119,173↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Age 20 or over, registered income, and no payment remarks or active collection cases↗
Loan types
Personal, Debt-consolidation, Credit-line, Car↗
Use cases
Home-improvement↗
Features
Rewards

Credit cards

Annual fee
NOK 0↗
Rewards type
Cashback↗
Rewards rate
0.5% cashback↗
Perks
Travel insurance, 45 days interest-free↗
Cashback rate
0.5%↗
Card kind
Credit↗

Savings

Headline rate
3.5%↗
Minimum deposit
NOK 0↗
Access terms
Unlimited fee-free withdrawals per calendar year; works as an ordinary payment account with direct debit and AvtaleGiro↗
Monthly fee
NOK 0↗
Account kind
Easy access↗

Facts checked September 26, 2026, 13 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Savings run on a NOK 0 account fee with a NOK 0 minimum deposit, and withdrawals are free through the year
  • The credit card pairs a NOK 0 annual fee with 0.5% cashback and travel insurance and 45 days interest free
  • Loans can be repaid early without charge, and funding lands in 0-3 business days after the last document is received

Cons

  • Borrowing carries 10.43% to 36.85% plus an Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount) that steps up with the amount borrowed
  • Loans need a hard credit check, and payment remarks or active collection cases rule you out
Bank Norwegian

Ready to try Bank Norwegian?

Scored 8.8 / 10 by SumCue.

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Who it suits

  • Norwegian adults who keep savings and a credit card with the same provider
  • Anyone funding home improvement, a listed loan purpose, who can clear a credit check
  • Savers who want easy access, since withdrawals are free and the account takes direct debit and AvtaleGiro

Who should look elsewhere

  • bunq, if euro day to day banking in the euro area suits you better
  • bunq Spain, if you would rather hold an account in Spain
  • linxea, if you want life insurance rather than savings, loans and a card

Who runs it

Bank Norwegian is run by NOBA Bank Group AB (publ) NUF, with its head office in no. The group has traded since 2007. Customer questions are handled through phone, email and help centre, which covers phone, email and a help centre for day to day account matters.

How Bank Norwegian compares

Where Bank Norwegian is available

Available
Denmark, Finland, Germany, Norway, Spain, Sweden

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to keep savings here?+

The savings account has a NOK 0 monthly fee and a NOK 0 minimum deposit, so there is little to pay. Withdrawals are free and unlimited within the calendar year, and the account works as an ordinary payment account for direct debit and AvtaleGiro.

Is the credit card free to hold?+

The card has a NOK 0 annual fee, so there is no charge for keeping it in a wallet. Spending earns 0.5% cashback, and travel insurance and 45 days interest free come with it, covering travel insurance and an interest free window on new purchases.

How much would a loan cost?+

Borrowing costs sit at 10.43% to 36.85%, and an Etableringsgebyr kr 0 - kr 1 995 (tiered by loan amount) applies, tiered by the amount borrowed. The representative example on a consumer loan shows that fee on top of a total well above the sum lent, so the rate alone understates the bill.

What credit check do I need for a loan?+

The check is hard, so an application leaves a trace on your credit file. Applicants also need a registered income and a minimum age, and payment remarks or active collection cases rule them out.

How fast is a loan paid out?+

Funding takes 0-3 business days after the last document is received, counted from the last document arriving rather than from the application. Loans cover personal, debt consolidation, credit line and car borrowing, and home improvement is the named use.

Can I reach my savings at any time?+

The account is easy access, so money comes out on demand rather than at the end of a term. Withdrawals carry no charge, and the balance can keep earning the 3.5% headline rate while it sits there.

What insurance does the group sell?+

The group sells travel, dental and income protection. Year round travel cover for cardholders starts at NOK 1,800, with an excess from NOK 0 and pricing split by age tier. Claims go through online claim form (Tryg) and email.

Sources

Compiled from 13 source pages, checked September 26, 2026. We did not open an account.

Bank Norwegian

Bank Norwegian

Norwegian savers who also want a credit card and loans from one provider

8.8/10See alternatives