Floral Bank is a Danish online bank that has been in the Danish loan market since the year 2000. At Floral Bank you as borrowers have the opportunity to take out a private loan, a car loan or a collateral loan. However, Floral Bank differs from the traditional Danish loan providers. Basebank also serves as a bank where you have the opportunity to get an account and a credit card. Among other things, you can get a salary account and a budget account with the bank.
Base Bank is for those who want to borrow a larger amount
Floral Bank offers loans of between USD 30,000 and 500,000 with a maturity of between 12 and 180 months. The bank interest rate at Floral Bank is extremely competitive compared to other providers. The interest rate goes from 19.95% and down to 4.95%. What interest rate you are offered depends on your credit rating. The better the credit rating, the lower the interest rate you will get.
What sets the bank apart from other banks in the market is that, as a rule, you do not have to provide collateral for your loan. The fact that you do not have to provide collateral for the loan has the advantage that the loan process is easy and fast, and at the same time there are no costs associated with registering what you would like to provide for the loan. When you borrow money from Floral Bank, it all goes online in 3 simple steps:
- Choose how much money you want to borrow and how long the term should be
- Sign the loan application with your NemID
- If you get approved, the money is paid right away
Floral Bank offers an attractive collateral loan
If you have debts with several different creditors, Floral Bank offers to collect your debts with them in a single loan. This means that it becomes much more manageable because you only have to deal with one creditor. If you have very expensive debt, such as a consumer loan, there is also a chance that your debt will become cheaper if you collect it from Floral Bank.
The bank offers some really attractive interest rates. When you need to apply for a collateral loan, you can use the bank’s online calculator, where you can enter the debt that you would like to collect. You also choose the maturity, and based on this you can see how much you have to pay off per month. A really smart tool that makes it easy for you to collect your debt.
What requirements do I have to meet?
To be eligible for a loan from Floral Bank, there are a number of requirements that you must meet. We will discuss these below:
- You must be over 18 years of age
- Your residence must be Danish
- You must have a fixed income
- You must not be registered in the RKI or the Debtor Register
Many Danish loan providers do not offer loans to 18-year-olds, just as Floral Bank does. Are you a young person with a fixed income and would you like to borrow money? So Floral Bank can be a really good offer for a loan provider.