Sambla’s approach is based on cooperation with more than 20 different banks and lenders who assess your application. You can complete the process online through us.
How does it work in practice?
Application process:
When you apply for a loan through us; we forward your application to all the banks we cooperate with. This saves you the work of submitting separate applications to multiple lenders.
Personal service:
Our loan advisors receive offers from a wide range of banks, and present you with the loan that has the most suitable terms and interest rate.
Comparison of multiple banks:
Each bank that processes your application makes an individual assessment of loan amount and interest rate. It is possible to apply for unsecured loans of up to NOK 800,000.
Choosing the right offer:
Based on all loan offers you receive through us; you decide which one best fits your needs. We present the relevant details, including interest rates and loan amounts, so you can choose the offer you wish to proceed with.
Your decision:
If you choose to accept a loan, you confirm it using BankID. Funds are typically transferred to your bank account within 2–3 business days.
Since interest rates on unsecured loans can vary significantly, having multiple banks review your application increases the likelihood of receiving more favorable terms.
Borrowing money online – signing with BankID
The banks’ case handlers receive access to your application almost immediately after submission. With your authorization, they can retrieve the necessary information digitally from public registers.
If the information you provide does not raise any concerns, the bank will use internal systems to assess your creditworthiness. This assessment determines what loan terms may be offered to you.
You will usually receive a response to your loan application relatively quickly. Acceptance of the loan is confirmed using BankID on a computer or mobile device.
Loans can be granted both with and without collateral. For what we consider online loans, no collateral is required. You only need to document that your income is sufficient to manage the loan you are applying for. This is done by submitting a payslip and your most recent tax return, which are uploaded with the application.
The absence of collateral requirements also contributes to a more efficient application process, as there is no need for valuation of assets or registration of security interests.
Common reasons for applying for a loan
There are many different situations where you may need access to funds. We can help you consolidate existing loans and find a lender with suitable terms, regardless of the purpose.
Some common reasons for borrowing money include:
- Covering unexpected expenses.
- Travel-related costs.
- Purchase of consumer goods.
- Refinancing existing debt.
- Unsecured refinancing.
- Refinancing with property as collateral.
- Car loans without a down payment.
- Renovation projects.
- Household appliances.
- Education-related expenses.
Loans for unexpected expenses
It is not always possible to predict when you may need to borrow money. This applies both to everyday life and personal finances. Most people experience unexpected expenses from time to time.
In daily life, we depend on having a functioning car, working appliances, and reliable refrigeration. If something breaks down – it may need to be repaired or replaced.
Such expenses can put pressure on a household budget, unless a temporary loan is used to manage the situation.
Other examples of unexpected expenses may include dental bills or tax payments that were not anticipated.
Borrowing money for travel
Travel loans are a category of unsecured loans. When applying for an unsecured loan, the specific purpose is generally not decisive. It is up to you how the funds are used.
Points to consider when borrowing for travel:
- A loan can help cover travel costs, but should be used responsibly.
- Create a realistic budget for accommodation, food, and activities before applying.
- Choose a repayment period that fits your financial capacity.
- Ideally, the loan should be repaid before your next trip.
Loans always have to be paid back, and with interest. It is therefor, it is a good idea to only take a loan when necessary.
Refinancing loans
Refinancing means using a new loan to pay off existing loans or debt. This can be appropriate if you are able to obtain better terms than those you currently have, or if you want to consolidate several debts into one to improve oversight of your finances.
You apply for refinancing through Sambla in the same way as other loans. Simply provide an overview of the debts you want to refinance, and select refinancing in the application form.
You may then receive refinancing offers from several banks. Refinancing can simplify your financial situation by reducing it to a single monthly payment and may result in a lower interest rate than you currently have.
How to apply for a loan
The loan application process with Sambla is described above, and you will normally receive a response within a short period.
Before submitting your application, you should gather the necessary information required for processing. This includes:
- An overview of your income, expenses, and existing debt.
- Documentation of income, such as payslips and your most recent tax return.
- Variable income may require additional documentation, including income from secondary employment or benefits.
Additional documentation is usually not required. Lenders verify your information through sources such as the Debt Register and the National Population Register.
In some cases, lenders may request supplementary information. It is therefore advisable to remain available by phone or email after submitting your application.
Repayment of the loan
Once you have determined your borrowing needs, you should consider different repayment plans. Decide what monthly payment level works best for you.
With Sambla’s loan calculator, you can see how the monthly payment changes depending on the repayment period you choose. This provides an indication, although final figures depend on the interest rate you are offered.
The maximum repayment period for unsecured loans is five years. For refinancing loans, repayment periods of up to 15 years may be available.
You can always make additional repayments to reduce the loan faster. In general, total loan costs are lower when the loan is repaid more quickly.
What does a loan cost?
Borrowing money does not necessarily have to be expensive. We compare loans from more than 20 banks to help find an option that suits your needs. Below is an example calculation illustrating potential costs:
Loan amount: NOK 100,000
Repayment period: 5 years (60 months)
Effective interest rate: 9%
Monthly payment: NOK 2,053
Total loan cost (interest and fees): NOK 23,458
Loan application declined?
If a bank determines that your repayment capacity is insufficient, your application may be declined.
Applying through Sambla can increase your chances, as your application is reviewed by multiple banks. If one bank declines, another may approve the loan.
What if I am unable to obtain a loan?
If your application is declined, you may consider applying again with a co-applicant. For unsecured loans, it is common for spouses or partners to apply jointly, especially when the purpose benefits both parties.
Tips if your loan application is declined:
- Credit card limits are considered debt in credit assessments, even if unused
- Cancelling unused credit cards can improve your credit profile
- Lenders may view refinancing applications more favorably than new loan applications
- You may apply for refinancing existing debt together with a new loan application
How long does it take to receive the funds?
Waiting for loan approval can feel stressful. Planning ahead is recommended whenever possible.
Sometimes financial needs arise unexpectedly. Smaller unsecured loans are often processed more quickly than larger loans. Larger loans, such as mortgages or car loans, may take longer.
In many cases, funds are transferred within 1–3 business days. Processing times vary depending on loan type and lender.
Most banks operate efficiently today, so extended waiting times are uncommon. The most important factor is responsible planning and ensuring that borrowing remains manageable.
