KNOWLEDGE THAT HELPS YOU DECIDE
Guides
Explore loan types, purposes and costs. Use the information to ask questions and assess alternatives before deciding.
How much could I borrow?
A budget shows what remains after expenses, but does not determine what a bank can offer. The lender makes its own assessment of your finances and applicable requirements.
Explore this topicHelp with money and debt
If payments are becoming difficult, understanding the situation and seeking advice may matter more than a new loan. Make contact before the problem grows.
Explore this topicGuide to borrowing
A sound decision starts with need, affordability and understanding the agreement. Learn about price and risk before comparing offers.
Explore this topicGuide to credit
Credit can be an instalment loan or a limit you draw on. Understand how interest and payments are calculated in your agreement.
Explore this topicChoosing a suitable loan
There is no single best loan for everyone. Cost, risk, collateral and the schedule need to fit your needs and finances.
Explore this topicUnderstanding a loan offer
A loan offer should let you understand payments and obligations. A technical acknowledgement is not an offer.
Explore this topicBefore sending an enquiry
Understand who receives your information and what happens next. Read who receives your information in Finansvalg’s privacy information before submitting the form.
Explore this topicBanks and loan intermediaries
Lenders and intermediaries have different roles. Establish who offers the loan, assesses the application and becomes your contractual counterpart.
Explore this topicAPR and nominal interest
Nominal interest is the rate before fees. APR expresses the overall cost of credit as an annual percentage based on the agreement's payments and assumptions.
Explore this topicLoan costs and fees
A setup fee is paid when the loan is arranged, while a recurring fee may accompany each payment. Other charges can apply to changes or credit usage.
Explore this topicAnnuity and equal-principal loans
At an unchanged rate, an annuity loan has a level payment before fees. An equal-principal loan repays the same principal each period, with interest on the remaining balance.
Explore this topicFixed and variable rates
A fixed rate is agreed for a defined period. A variable rate can change. Compare predictability, pricing and terms for changing or ending the agreement.
Explore this topicPolicy rates and bank rates
The policy rate is part of Norges Bank's monetary policy. Your loan rate is set by the lender and is not necessarily the same as the policy rate.
Explore this topicCreating a household budget
List income after tax, fixed expenses, variable spending and existing debt payments. Spread annual bills across the months.
Explore this topicEmergency savings
Emergency savings can help with unexpected expenses without new debt. Consider income, housing, family and exposure to extra costs when choosing a target.
Explore this topicAlternatives to borrowing
Delaying or reducing a purchase, saving or arranging payments may be alternatives. The suitable choice depends on your needs and finances.
Explore this topicPayment difficulties and debt collection
Contact the creditor if you cannot pay. List claims and deadlines, and ask for an explanation if a claim is unclear or incorrect.
Explore this topicDebt advice and debt settlement
If debt is unmanageable, seek help to understand the situation. A formal debt settlement arrangement has specific requirements and needs an individual assessment.
Explore this topicCredit scores and information
A credit score is not the whole assessment of a loan application. Income, debt and repayment capacity must be considered together.
Explore this topicAdverse payment records
An adverse payment record can affect access to credit. Check the basis for the information and seek help if the claim is unclear.
Explore this topicUnderstanding the loan agreement
The agreement sets out payments, costs, rights and duties. Read it fully and ask for explanations before committing.
Explore this topicPlanning repayments
A repayment schedule shows how debt falls over time. Extra payments may change the term or later instalments depending on the agreement.
Explore this topicPrivate loans and written agreements
Loans between family members or other individuals should have clear written terms. A verbal understanding can leave different expectations about repayment and responsibility.
Explore this topicLoans, interest and tax
Check debt and interest information in your tax return. Private loans may require you to enter and document the information yourself.
Explore this topicGuarantors and co-borrowers
Being a guarantor or co-borrower can create responsibility for someone else's debt. These roles differ and must be explained in the specific agreement.
Explore this topicYoung borrowers and student budgets
When circumstances are changing, income and fixed expenses can be hard to predict. Start with a budget and a clear need before considering debt.
Explore this topicRetirement and borrowing
Retirement can change income. Consider loan payments alongside housing costs, health expenses and a reserve.
Explore this topicBorrowing to invest: risks
Returns are uncertain, while debt and payment obligations remain. Falling asset values can leave a loss alongside the loan repayments.
Explore this topicFinancial habits and planning
Regularly reviewing income, spending and debt helps identify changes. Set specific goals that you can follow through.
Explore this topicDiscussing terms with your bank
Use an up-to-date overview of your agreement when asking the bank to review terms. Concrete comparisons are more useful than a general expectation of a lower rate.
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