Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Multitude Bank p.l.c review

Updated September 30, 2026 · SumCue Editorial Team · Facts checked September 30, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Multitude Bank p.l.c suits adults in Denmark seeking flexible credit with rapid payout, as credit is offered as a direct lender with APR of 24.99% and funding in within minutes, 24/7. Early repayment carries no penalty, while eligibility requires Danish CPR number and registered address for revolving personal credit.

Key facts

Best for
Adults in Denmark seeking flexible revolving credit with rapid payout
APR
24.99%↗
Term
9 to 199 months↗
Arrangement fee
0 DKK↗
Funding time
within minutes, 24/7↗
Representative example
Credit amount DKK 10,000 / 12 months: APR 24.99%, monthly payment DKK 934.96, total credit cost DKK 1,219.47↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Age 22+, Danish CPR number and registered address↗
Origination fee (%)
0%↗
Loan types
Personal, Credit-line↗
Legal entity
Multitude Bank p.l.c.↗
Headquarters
Malta↗
Founded
2005↗
Support channels
Help-centre↗
Pricing model
Fixed rate
Features
Same-day funding, Credit line
Official website
ferratumbank.dk

Facts checked September 30, 2026, 3 sources

Apps and profiles

Elsewhere
LinkedInfacebook.cominstagram.com

Pros and cons

Pros

  • Direct lending through direct lender with fixed pricing at APR of 24.99%
  • Payout in within minutes, 24/7 with revolving use through same day funding and credit line
  • Origination charge of 0 DKK with early repayment without penalty
  • Revolving personal choice through personal and credit line versus single drawdown products from peers
  • Fixed rate structure through fixed rate with predictable cost against variable offers

Cons

  • APR of 24.99% sits above APR of 23% from Mi Prestamo and APR of 21.59% from AXI Card Tarjeta y Credito
  • Support runs on help centre only, which limits choice for borrowers seeking phone or chat contact
  • Eligibility under Age 22+, Danish CPR number and registered address limits access to adults with Danish CPR number and registered address
  • Terms under 9 to 199 months allow extended repayment which raises total credit cost over duration
Multitude Bank p.l.c

Ready to try Multitude Bank p.l.c?

Scored 8.9 / 10 by SumCue.

Visit

Who it suits

  • Adults in Denmark with CPR number and registered address seeking revolving personal credit with payout in within minutes, 24/7
  • Borrowers comfortable with fixed pricing at APR of 24.99% and help centre support via help centre
  • Borrowers valuing direct lender servicing via direct lender over broker or marketplace routes

Who should look elsewhere

  • Borrowers seeking lower priced instalment credit may prefer Ibancar Prestamos given APR of 12.74% to 13.01% versus APR of 24.99%
  • Borrowers seeking broader support channels beyond help centre may prefer AXI Card Tarjeta y Credito over support on help centre
  • Applicants without Danish CPR number or registered address may prefer Mi Prestamo given limits under Age 22+, Danish CPR number and registered address

Who regulates it

Multitude Bank p.l.c acts as direct lender, so the credit relationship remains directly with the lender rather than passing through a broker or marketplace. That structure keeps responsibility for approval, payout and servicing in a single place, which helps clarify where to direct queries during the life of the agreement. Oversight for the entity comes from Malta Financial Services Authority in Malta, reflecting its banking base. For readers comparing borrowing options, the distinction matters because broker models may present multiple lenders while this setup presents credit from the named lender alone.

Rates and costs

Pricing centres on APR of 24.99% on a fixed basis, so the cost of credit remains predictable across the agreed repayment schedule rather than moving with market rates. The origination charge is stated as 0 DKK, which keeps upfront cost transparent at the point of application. A published example describes a credit amount repaid over a set term with stated monthly payment and total credit cost, giving a practical view of how charges accumulate over duration. Early repayment is allowed without additional charge, offering scope to shorten the schedule and limit total cost when circumstances permit.

Deposit protection

This offer concerns borrowing as direct lender, rather than holding savings or deposits with the brand, so assessment focuses on credit cost and repayment rather than savings safety. The published example describes a credit amount repaid over a set term with stated monthly payment and total credit cost, helping readers gauge affordability before applying. Because the relationship remains directly with the lender, servicing and repayment queries stay with the same entity that grants the credit. Readers seeking deposit protection detail will need to look toward savings products where coverage is stated, since this credit offer does not describe such coverage.

The company behind it

The provider is Multitude Bank p.l.c. with home base indicated by MT, reflecting a Malta based banking group serving borrowers in Denmark. Activity dates to 2005, indicating long presence across changing credit markets and regulatory cycles. Contact and guidance are provided through help centre, which centres on written self service material for applications, repayment and account management. The combination of established corporate history and focused online support shapes expectations around service, with direct lender accountability rather than intermediary handling.

How Multitude Bank p.l.c compares

Where Multitude Bank p.l.c is available

Available
Denmark
Licence in Malta
Malta Financial Services Authority, checked September 30, 2026

Countries from the brand (Source, checked September 30, 2026)

Frequently asked questions

What does borrowing from Multitude Bank p.l.c cost?+

Credit carries APR of 24.99% on a fixed rate basis under fixed, which keeps pricing predictable across the repayment period. The origination charge is stated as 0 DKK, so upfront cost remains transparent. Early repayment without penalty helps limit total cost when funds allow.

What does the representative example illustrate?+

The published example describes a credit amount repaid over a set term with stated monthly payment and total credit cost, illustrating how APR of 24.99% applies in practice. It helps compare total cost against other fixed rate offers. The example sits alongside origination charge of 0 DKK for full context.

How quickly could funds arrive?+

Payout is described as within minutes, 24/7, which suits urgent liquidity needs where timing matters. The offer includes same day funding and credit line, allowing revolving access rather than a single drawdown loan. Availability remains subject to approval and eligibility under Age 22+, Danish CPR number and registered address.

Who is eligible to apply?+

Eligibility under Age 22+, Danish CPR number and registered address covers adults holding a Danish CPR number with registered address in Denmark. The requirement reflects a focus on a single market rather than broad cross border lending. Applicants outside that scope may find Ibancar Prestamos or Mi Prestamo more relevant.

How is customer support provided?+

Support runs on help centre, giving access to written guidance and self service material around applications and repayment. The setup suits borrowers comfortable managing credit online. Those preferring phone or live chat may prefer an alternative with broader contact choice.

Which company provides the credit?+

The legal entity is Multitude Bank p.l.c. with home base indicated by MT and activity dating to 2005. Lending is provided as direct lender, meaning the relationship remains with the named entity throughout. Oversight comes from Malta Financial Services Authority in Malta.

Can the balance be repaid early?+

Early repayment is allowed without additional charge, which gives flexibility to shorten terms under 9 to 199 months and reduce total cost. The option suits revolving balances where income varies across months. Fixed pricing under fixed rate remains in place until the balance clears.

Sources

  • ferratumbank.dk checked September 30, 2026

    Backs: Founded, Funding time, Headquarters, Legal entity, Arrangement fee, Support channels

    “2005 Grundlagt”

  • ferratumbank.dk/kredit checked September 30, 2026

    Backs: Eligibility, Features, Free early repayment, Loan types, Term

    “Minimum tilbagebetaling: 9 maaneder. Maksimum tilbagebetaling: 199 maaneder. Ferratum Kredit”

  • ferratumbank.dk/prisliste checked September 30, 2026

    Backs: APR, Lender type, Pricing model, Origination fee (%), Rate type, Representative example, Licences

    “Ferratum Kredit Prisliste - Aarlige omkostninger i procent 24,99%”

Compiled from 3 source pages, checked September 30, 2026. We did not open an account.

Not confirmed yet: Loan amount, Credit check.

Multitude Bank p.l.c

Multitude Bank p.l.c

Adults in Denmark seeking flexible revolving credit with rapid payout

8.9/10Visit