Núlán can be a good option if something unexpected comes up and you need to bridge the gap. It can also be useful if you have several instalment plans or smaller loans that you would like to combine into a single loan with one repayment.
If you are a customer of Arion, you can apply for a Zero Loan online. The process is automated, and if the amount is within self-service limits, the loan is disbursed immediately.
If you need a credit assessment, you can apply for it electronically on our website. The result of the credit assessment is calculated immediately, and the cost is according to the current price list.
Married couples and cohabiting partners can apply for a Zero Loan together and will be credit assessed jointly. Both parties need to be customers of our bank. The maximum loan amount is 5 million.
Núlán is an unindexed loan that you can take for up to five years. The loan has equal installments, which means you always pay the same amount of principal each month, plus interest.
Anyone can apply for Núlán in the Arion app. The process is automated and takes less than a minute to apply. If the loan is approved, it is paid out immediately. It's that simple.
In the app, you have a good overview of the loan status and can choose to pay down the loan faster if circumstances allow. The maximum loan amount that can be applied for in the app is 2.7 million.
Núlán are non-indexed
The minimum loan term is 6 months and the maximum loan term is 60 months
Loan origination fee is 2.9%
Application is electronic and therefore can be submitted at any time
You can make payments to Núlán in Arion's online banking without any fees
Interest rates are the bank's reference rates, plus an interest margin based on credit rating
Your credit limit is the maximum amount you can borrow.
You can view your credit limit in the Arion app. It is reviewed regularly and based on your financial circumstances.
You can use your credit limit across different borrowing options, such as an overdraft facility, a credit card or a consumer loan.
ISK
months
%
Select a valid date for the first interest date
Summary | |
|---|---|
| First payment date | 01.11.2026 |
| Loan period | 6 months |
| Months between payments | 1 month |
| Nominal interest per year | 14,6% |
| Annual percentage rate of cost | 0% |
| Bond value | 0 ISK |
| Total loan taking cost | 0 ISK |
| Total repayment | 0 ISK |
Bank cost | |
|---|---|
| Loan cost fee (2,9%) | 0 ISK |
| Document fee | 0 ISK |
| Total | 0 ISK |