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Morrow Bank review

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

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Our verdict

Morrow Bank lends directly, not through a broker, and its personal loans reach NOK 10,000 to NOK 500,000 at a variable rate of up to 33.48%. It suits Norwegian adults with a registered address in Norway who want a home improvement loan and can clear a hard credit check.

Key facts

Best for
Norwegian adults planning home improvement work who need a direct lender and can pass a hard credit check.
APR
up to 33.48%↗
Loan amount
NOK 10,000 to NOK 500,000↗
Term
up to 60 months↗
Arrangement fee
899 - 1 999 NOK↗
Credit check
Hard↗
Funding time
Disbursed within 1-2 business days, same day possible↗
Representative example
Forbrukslån: 120,000 NOK over 5 years, nominal rate 13.50%, effective rate 15.68%, origination fee 1,599 NOK, 35 NOK per month, cost 49,978 NOK, total 169,978 NOK↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Aged 20 or over, registered address in Norway, no payment remarks or debt collection claims↗
Loan types
Personal, Debt-consolidation↗
Use cases
Home-improvement↗
Legal entity
Morrow Bank AB↗
Headquarters
Sweden↗
Founded
2012↗
Support channels
Phone, Email, Help-centre, Chat↗
Features
Same-day funding
Official website
morrowbank.no

Facts checked September 26, 2026, 5 sources

Apps and profiles

Elsewhere
WikidataLinkedIn

Pros and cons

Pros

  • Direct lender, so you deal with the bank that sets the terms
  • Loan amounts of NOK 10,000 to NOK 500,000 cover larger renovation budgets
  • Free early repayment, so overpaying costs nothing extra
  • Support runs on phone, email and help centre

Cons

  • The rate is variable, so payments can move with the market
  • An origination fee of 899 - 1 999 NOK is added on top of what you borrow
  • Every application takes a hard credit check, and payment remarks or debt collection claims rule you out
Morrow Bank

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Scored 9.3 / 10 by SumCue.

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Who it suits

  • Adults with a registered address in Norway and no payment remarks
  • Borrowers consolidating several debts into a personal loan
  • Households funding home improvement work

Who should look elsewhere

  • Anyone with payment remarks or debt collection claims on their record, since eligibility rules them out
  • Borrowers wanting a fixed rate and a locked payment, since this rate is variable
  • Applicants outside Norway, who should compare Cashspace at PHP 12 to PHP 36 or Creduma ES from from €12,000

The company behind it

Morrow Bank is the legal entity behind the loans, Morrow Bank AB, based in Sweden. It was founded in 2012 and lends in the Norwegian market. Support runs on phone, email and help centre, so an application question or an existing loan query reaches a person as well as in writing. Borrowers deal with the same bank from application through repayment.

How Morrow Bank compares

Where Morrow Bank is available

Available
Finland, Norway, Sweden
Licence in Sweden
Finansinspektionen (Sweden), checked September 26, 2026

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

Frequently asked questions

How much can I borrow from Morrow Bank?+

Loan amounts run NOK 10,000 to NOK 500,000, so both a smaller purchase and a full renovation budget fit. The range covers personal and debt consolidation loans, and terms reach up to 60 months. That suits a purchase or renovation cost that has to be covered in full at the start.

What does it cost to borrow?+

The rate is variable and sits at up to 33.48%. On top of that, an origination fee of 899 - 1 999 NOK is charged when the loan starts. The published representative example shows the shape of the cost once interest and the fee are combined.

How is the rate set, and can it change?+

The rate is variable, so payments can move when the lender's rate moves. That cuts both ways: a borrower pays less if rates fall and more if they rise. Anyone wanting a fixed rate and a predictable payment will find this the wrong fit.

How long does it take to get the money?+

Funding is Disbursed within 1-2 business days, same day possible. Same day funding is one of the listed features, so a fast payout is possible when an application clears in time. Plan on the standard window and treat same day as the exception rather than the rule.

What credit check do I face?+

The credit check is hard, which means a decision registers on your credit record. Eligibility also requires a registered address in Norway, no payment remarks and no debt collection claims. Applicants with anything on their record should look elsewhere before applying.

How old do I have to be?+

You need to be an adult, and the eligibility terms set a minimum age alongside a registered Norwegian address and a clean record. Applicants below that minimum age cannot be considered, whatever the NOK 10,000 to NOK 500,000 range.

Which regulator supervises this lender?+

Finansinspektionen in Sweden is the listed regulator for Morrow Bank AB, which is based in Sweden. The loans are made to borrowers with a registered address in Norway, so Norwegian terms and pricing apply to the application.

Can I repay early without penalty?+

Free early repayment is part of the terms, so settling the loan ahead of schedule carries no extra charge. With a variable rate of up to 33.48% and terms reaching up to 60 months, overpaying early can cut the interest you would otherwise have paid.

Sources

  • morrowbank.no/hjelp/lan checked September 26, 2026

    Backs: Eligibility, Support channels, Term

  • morrowbank.no/lan checked September 26, 2026

    Backs: Loan types

  • morrowbank.no/lan/forbrukslan checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Features, Funding time, Rate type, Use cases

    “Forbrukslån fra 10 000 til 500 000 kr”

  • morrowbank.no/om-oss checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Lender type, Licences

    “Stiftet: 1. oktober 2012”

  • morrowbank.no/priser-og-vilkar checked September 26, 2026

    Backs: Free early repayment, Arrangement fee, Representative example

    “Etableringsgebyr 899 - 1 999 kr”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Morrow Bank

Morrow Bank

Norwegian adults planning home improvement work who need a direct lender and can pass a hard credit check.

9.3/10See alternatives