You may have tried to seek consumer loans to fund anything you want but may have been rejected because you have too low income. There are some consumer loans that can fit perfectly. With the consumer loans listed on this page you can only borrow up to NOK 30,000. Maybe that’s enough? Either way, it is precisely that they have the low limit of the loan which means they do not need to set strict requirements for personal income. You can get these consumer loans even with a very low income. fleshes this out

3 consumer loans you can get with low income

Zaloan – Loans from 1,000 to 30,000 kroner

Zaloan is a bank that operates in many countries, and now also in Norway. They offer all new customers an interest-free loan for up to 30 days. You must be at least 20 years old.

Interest rate example: Effective interest rate 258.02%, 15,000 repaid over 12 months in equal amounts, Cost SEK 8.401.62.

Flakia Microloan – Loans from 2,000 to 20,000 kroner

Flakia Microloan - Loans from 2,000 to 20,000 kroner

You can see a detailed overview of how much a loan from Flakia costs you with the establishment fee, billing fees, and interest on different loan amounts and repayment time on their websites. The interest rates and fees you see there are the actual costs of a loan from Flakia, as opposed to most other banks offering individual interest rates based on how good your economy is.

Interest rate example: Effective interest rate: 165% at SEK 10,000 / 6 months, Establishment fee: SEK 350. Total: SEK 13,116.

Loan Butler Loan broker – Loans from NOK 5,000

Loan Butler Loan broker - Loans from NOK 5,000

If you have an income of over 120,000 gross a year and want to borrow up to NOK 50,000, you can check out a loan broker. These send your loan application to several banks simultaneously with one and the same application. You then get the potential offer for many consumer loans and you can choose it with the best terms such as interest, loan amount and establishment fee.

You can use Loan Butler for loans from NOK 5,000 and up to NOK 500,000. Your application will be sent to 16 banks. You can then compare the completely non-binding loan offers when you receive these.