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If you live in Northern Ireland, Danske Bank fixed rate personal loans can be a flexible option to consolidate your debt or spread an unexpected cost.
Danske Bank is a subsidiary of Danske Bank group, a Danish banking group that serves around 2.8 million customers. Danske Bank was formed in 1809 as Northern Bank. Northern Bank took the name of its parent company in 2012. In 2022 they began to offer select banking services to customers in Great Britain.
Danske Bank offers a fee-free, unsecured personal loan option that lets you borrow from £1,000.00 to £25,000.00 for 1 year to 5 years. It allows you to make overpayments as often as you like, granting a good deal of flexibility if you’re hoping to repay your loan a bit earlier than planned, or to lighten your monthly payments towards the end.
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Key details
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £1,000.00 to £25,000.00 |
| Loan terms | 1 year to 5 years |
| Loan rate type | Fixed |
| Product fee | 0% |
| Same-day funding available | |
| Same-day funding note | Branch applications only. |
| Instant decisions in most cases | |
| Soft-search facility available | |
| Joint applications | |
| Overpay without penalty | |
| Concurrent loans allowed | |
| Topping-up pays off existing loan and initiates a new loan | |
| Repayment methods | Standing Order |
Am I eligible?
| Available to | Existing Customers only |
|---|---|
| Age | 18 or over |
| Income | £16000.00 Per Annum |
| Credit profiles | Good |
| Acceptance note | Minimum Applicant Income £16,000 Per Annum |
How do I apply?
Before applying, always compare options and use an eligibility checker – a tool that will run a “soft-check” on your credit profile and tell you if you’re likely to be approved, with no impact on your credit score. Once that’s sorted, you have two main ways to apply for a Danske Bank personal loan:
- Online. In order to be able to apply online, you need to be registered with Danske Bank’s online banking facilities. If you’re a Danske Bank customer but aren’t registered, you can do it by submitting a form on their website.
- In branch. If you are a new customer, or an existing one who would like to have a chat with someone from the staff before signing up, you can fill out an online form to book a meeting and then apply in branch, or give Danske Bank a call.
In both cases, be prepared to provide them with a proof of identity and address, and details of your income and financial situation.
Finally, loan repayments can only be made from a Danske Bank personal current account, so if you’re a new customer, you’ll be asked to open one.
Customer support information
You can contact Danske Bank by phone on 0345 6002882 or through the online chatbot on their website with any queries you may have. Alternatively, you can visit your nearest branch.
Danske Bank customer reviews
Danske Bank has received positive reviews from customers, according to review platform Trustpilot. It currently has an “excellent” rating of 4.3 out of 5, based on more than 12,000 reviews (updated July 2023). Many customers commended their excellent customer service, provision of services and reliability.
Our verdict
If you’re looking for a fee-free and flexible personal loan option then Danske Bank is a good option to consider. Not to mention, you can benefit from speaking to an adviser over the phone or face to face in branch before taking out a personal loan. However, if you can’t make the repayments, you run the risk of damaging your credit score.
Frequently asked questions
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