Do you need a short-term loan? You can get a Consumer Loan of up to ISK 5 million for a maximum loan period of 5 years. The loan is non-indexed with equal repayments and a credit rating is used to determine the applicable interest rate. If the loan amount exceeds ISK 2 million, the applicant must undergo a credit appraisal.
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 determines the maximum loan amount available to you.
You can view your credit limit in the Arion app. The limit is reviewed regularly and is based on your financial circumstances.
You can allocate your credit limit across different loan options, such as an overdraft facility, a credit card, or a consumer loan.
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