As every year, everyone who received their tax return result in June was subject to a recalculation of their creditworthiness in Norway. Your creditworthiness, or kredittverdighet, shows your financial standing with banks or other companies. Therefore, if you have already received your credit score for 2020, make sure that it appears on the creditworthiness systems Bisnode or Experian. Otherwise, you may be denied credit.

For a man is rich in proportion to the number of things which he can afford to let alone

(Henry David Thoreau, Walden; or, Life in the Woods)

You live and work abroad and you’ve had more than your fair share of dealing with bank loans in Norway, so perhaps you think: What more there is to know about them? See for yourself!

Bank loans in the country of fjords are the topic that many of our clients probably know quite a lot about. All in all, we spare no effort to provide the best and the most accessible knowledge in this area. However, even when it comes to such a broad topic as finances in Norway, you can find niches and myths that even someone like you might have believed.

The new year favors making resolutions and plans. People who work in Norway and have been registered in this country for several years, can freely carry out their planned projects there, such as buying a car, an apartment, or a house, as well as starting their own business. For this, however, money is needed.

Let's sort out our knowledge about how foreigners in Norway can apply for a loan in this country and what offers are currently available to us.

It is possible. Don’t you believe? See for yourself.

You have been working your socks off for a while, toiling away in Norway to afford everyday life investments. You have a permanent job and some savings in your bank account. Real estate prices are dropping temptingly, your wife has just finished an interior design course and she is looking forward to arranging your future cozy place in the country. Moreover, it is clear that the time has come to replace your car with a new model. In brief - you know it is time for a loan.

Have you heard about loan refinancing? You can reduce your monthly payments by turning your loans and credit cards into one debt. If you are paying off a loan in Norway and thinking about saving some money, make sure to read this article to find out if this solution is worth considering in your situation.