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NúNú Lán ehf review

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

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Our verdict

NúNú Lán ehf lends directly to residents of Iceland who need a small amount today rather than a long repayment plan. The trade-off is cost: the smallest loan runs at an APR of 42.71%, set against a site median of 15.5%, which is the number most applicants feel first.

Key facts

Best for
A same day, small sum top up for adults in Iceland with a poor credit record.
APR
42.71%↗
Loan amount
ISK 12,000 to ISK 480,000↗
Term
22 months↗
Arrangement fee
183 ISK flat origination fee on the 12,000 ISK 22-day loan↗
Credit check
Hard↗
Funding time
Paid into your bank account within 5 minutes↗
Representative example
12,000 ISK loan over 22 days at 11.20% variable interest: 77 ISK interest plus 183 ISK origination fee, total repayment 12,260 ISK, APR (AHK) 42.71%↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Residents of Iceland, over 20 years old (general terms state 18+, Icelandic national ID and domicile)↗
Loan types
Personal, Payday, Credit-line↗
Credit needed
Poor↗
Legal entity
NúNú lán ehf. (kt. 7010190240)↗
Headquarters
Iceland↗
Founded
2020↗
Support channels
Phone, Email, Chat, Help-centre↗
Features
Same-day funding, Credit line
Official website
nunu.is

Facts checked September 26, 2026, 3 sources

Pros and cons

Pros

  • Direct lender: as a direct lender, approval and payout stay inside one company
  • Fast payout, with same day funding and credit line covering same day funding and Paid into your bank account within 5 minutes
  • Free early repayment, so clearing the balance early adds no charge
  • Support runs on phone, email and chat

Cons

  • The APR of 42.71% sits well above the site median of 15.5%
  • A flat 183 ISK flat origination fee on the 12,000 ISK 22-day loan is added on top of interest on the short term
  • A hard credit check and a poor credit requirement rule out many borrowers
NúNú Lán ehf

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • Adults in Iceland with a national ID and domicile who need a small sum today
  • Borrowers with a poor credit record who find mainstream lenders closed
  • People who want a credit line alongside personal and payday loans, per personal, payday and credit line

Who should look elsewhere

  • Anyone chasing a lower rate, since Sofkredit quotes 10.74% to 18.06% against 42.71% here
  • Readers after a euro option elsewhere in Europe: Creduma ES sizes loans of from €12,000
  • Anyone outside Iceland, since eligibility is closed to residents, while Cashspace at PHP 12 to PHP 36 serves another market

Where it sits among rivals

On the amount it will lend it ranks 543 of 665 brands. Its APR sits at rank 292 of 338, and the term ranks 157 of 226. Mid table on all three, so the quick payout and the credit line carry the pitch rather than price or size.

How NúNú Lán ehf compares

Where NúNú Lán ehf is available

Available
Iceland
Licence in Iceland
Neytendastofan (registered lender, VSK 138269), checked September 26, 2026
Licence in Iceland
Fjármálaeftirlitið (FME, Central Bank of Iceland financial supervisory authority), checked September 26, 2026

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

Frequently asked questions

What does it cost to borrow?+

The headline rate is an APR of 42.71%, which sits above the site median of 15.5%. The representative example pairs it with a flat 183 ISK flat origination fee on the 12,000 ISK 22-day loan, so the fee is a real share of what a short loan costs.

How much can I borrow and for how long?+

Loan sizes run ISK 12,000 to ISK 480,000, and repayment on the shortest product is over 22 days. The offer is built for a gap of days rather than a long instalment plan, so the balance is meant to clear quickly.

How fast does the money arrive?+

Speed is the main selling point. same day funding and credit line lists same day funding, and Paid into your bank account within 5 minutes sets out the payout into a bank account. As a direct lender, the decision and the transfer sit with the same company, which keeps the chain short.

What credit check is used?+

Applications go through a hard credit check, and the stated target is a poor credit record. A thin file still has to clear that bar, so the check itself decides the outcome rather than the rate.

Is the lender regulated?+

The lender is registered with Neytendastofan, and the operation sits under the supervision of Fjármálaeftirlitið. The contracting entity is NúNú lán ehf. (kt. 7010190240), based in Iceland and founded in 2020, so the counterparty is named and traceable.

Can I repay early without a charge?+

Free early repayment is part of the deal, so clearing the balance before the end adds no charge. The rate type is variable, which means the interest rate can move and the cost of carrying a loan longer is not fixed today.

Who can apply?+

Applicants must be residents of Iceland, adults, with an Icelandic national ID and domicile. That is a narrow gate, and a hard check means a refused file costs nothing while anyone living outside the country cannot apply at all.

Sources

  • nunu.is/IS/skilmalar checked September 26, 2026

    Backs: Credit check, Credit needed

  • nunu.is/IS/spurt-og-svarad checked September 26, 2026

    Backs: Loan amount, APR, Eligibility, Features, Free early repayment, Funding time, Lender type, Loan types, Arrangement fee, Rate type, Representative example, Support channels, Term

    “fáðu lánið greitt inná bankareikninginn þinn á innan við 5 múnútum”

  • nunu.is/IS/um-okkur checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity

    “NúNú lán ehf kt: 7010190240, var stofnað í apríl 2020”

  • rafraen.neytendastofa.is checked September 26, 2026

    Backs: Licences

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

NúNú Lán ehf

NúNú Lán ehf

A same day, small sum top up for adults in Iceland with a poor credit record.

8.9/10See alternatives