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Santander Consumer Bank NO review

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

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Our verdict

Santander Consumer Bank NO suits Norwegian residents with steady income funding home improvement who will clear a hard credit check. Borrowing is straightforward: a single origination fee of 950 NOK, an APR of 10.45% to 21.93% on amounts running NOK 30,000 to NOK 400,000, and free early repayment.

Key facts

Best for
Norwegian home improvement borrowing with a flat origination fee and free early repayment.
APR
10.45% to 21.93%↗
Loan amount
NOK 30,000 to NOK 400,000↗
Term
60 months↗
Arrangement fee
950 NOK↗
Credit check
Hard↗
Funding time
Within a short time after signing the agreement↗
Representative example
Forbrukslån: NOK 95,000 over 5 years, nominal rate 11% / effective rate 12.76%, origination fee NOK 950, cost NOK 31,682, total NOK 126,682↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Age 23+, minimum annual income NOK 200,000, permanently resident in Norway, no debt collection cases or payment remarks↗
Loan types
Personal, Debt-consolidation, Car↗
Use cases
Home-improvement↗
Legal entity
Santander Consumer Bank AS↗
Headquarters
Norway↗
Founded
1946↗
Support channels
Chat, Phone, Help-centre↗
Official website
santanderconsumer.no

Facts checked September 26, 2026, 7 sources

Apps and profiles

Elsewhere
WikidataLinkedInyoutube.cominstagram.com

Pros and cons

Pros

  • Free early repayment, so clearing the balance ahead of schedule carries no charge.
  • Support runs on chat, phone and help centre, so help is a call, a chat or a help centre away.
  • Founded in 1946 and lending in Norway, the bank is an established name rather than a recent entry.

Cons

  • Credit checks are hard, and debt collection cases or payment remarks rule out an application.
  • The 10.45% to 21.93% range reaches higher than Sofkredit's 10.74% to 18.06%.
  • Applications need permanent residence in Norway and a minimum annual income, which narrows who can borrow.
Santander Consumer Bank NO

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Scored 9.4 / 10 by SumCue.

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Who it suits

  • Norwegian adults with a minimum age and a steady income, funding a home improvement project.
  • Borrowers who will pass a hard credit check and prefer a single fee up front.
  • People who want to deal with the lender directly rather than through a broker (direct lender).

Who should look elsewhere

  • Anyone with payment remarks or debt collection cases on their record, who is excluded by the eligibility rules.
  • Price-first shoppers, since Sofkredit's 10.74% to 18.06% runs below 10.45% to 21.93%.
  • Borrowers after a small loan, since amounts run NOK 30,000 to NOK 400,000.

Where it sits among rivals

On loan amount Santander Consumer Bank NO ranks 189 of 665, while on term it sits 55 of 226. The amount ranking is a mid-table placement, and the term ranking places it toward the longer end of the schedules available to Norwegian borrowers. Neither ranking puts it at either extreme of the comparison.

Safety of your money

The loan comes straight from Santander Consumer Bank NO, which lends as a direct lender, so the bank that sets the price is the one you repay. The representative example for a Norwegian consumer loan shows the effective rate above the nominal rate with the origination fee added, which is the line to read closely before signing.

How Santander Consumer Bank NO compares

Where Santander Consumer Bank NO is available

Available
Norway

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

Frequently asked questions

What rate will I pay on a Santander Consumer Bank loan?+

The stated APR is 10.45% to 21.93% for a consumer loan, though the rate you are offered depends on your own credit file. The median APR across personal loan brands in the comparison is 14.43%, which is the figure to check your offer against.

How much can I borrow, and for how long?+

Amounts run NOK 30,000 to NOK 400,000 and the repayment schedule extends to 60. The lender covers personal, debt consolidation and car loans, so a renovation, a debt consolidation or a car purchase can sit under a single application rather than separate ones. Funding follows once the agreement is signed.

What will the loan cost me in total?+

Every loan carries an origination fee of 950 NOK. The representative example on a Norwegian consumer loan shows the effective rate above the nominal rate, with that fee added on top, so the total repaid comes to more than the interest alone. Read that example before signing.

What credit check is used, and who qualifies?+

The credit check is hard, so an application creates a visible record rather than a soft pre-check. Applicants also need a minimum age, a minimum annual income, permanent residence in Norway and a clean payment record, with debt collection cases and payment remarks ruling out a loan.

How quickly is the money paid out?+

Funding happens Within a short time after signing the agreement, so in Norway the wait is short rather than stretched over weeks. The hard credit check has to clear first, and the balance is transferred once the agreement is signed.

Can I repay the loan early?+

Early repayment is free, so clearing the balance ahead of schedule carries no charge. On a schedule running to 60 with a 950 NOK origination fee already paid, the only thing you give up is the interest the remaining balance would have earned against you.

How do I get help from the bank?+

Support runs on chat, phone and help centre, so help is available by phone and chat as well as through a self-service help centre. The bank is a direct lender in Norway, so questions about the rate, the fee and repayment all go to the institution that set the terms.

What can I use the loan for?+

The stated use case is home improvement, and the catalogue covers personal, debt consolidation and car loans, so a renovation, a debt consolidation or a car purchase can run through the same lender. Free early repayment gives flexibility if the project finishes sooner than planned.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Related by the facts

Santander Consumer Bank NO

Santander Consumer Bank NO

Norwegian home improvement borrowing with a flat origination fee and free early repayment.

9.4/10See alternatives