Frequently Asked Questions

A loan in Norway is granted after the bank carries out an individual assessment of the customer. The bank checks, among other things, income, payment history, existing financial obligations, age, housing situation, and any debt collection records. Only then can it present a loan offer.

With Motty, you can submit one application, and we help check your options with the banks we cooperate with. This means you do not have to contact each bank separately.

With Motty, you can apply for a loan from NOK 5,000 to NOK 800,000. The final amount depends on the bank’s individual assessment, your income, current financial obligations, and payment history.

If you apply with a co-borrower, you may increase your chances of receiving a higher amount or better financing terms. The bank still makes the decision individually.

The most commonly required conditions are:

• being at least 18 years old,
• regular income,
• annual income of at least around NOK 230,000,
• living and paying taxes in Norway,
• no active debt collection records,
• a positive creditworthiness assessment.

Each bank may have its own criteria. That is why even if one bank refuses financing, another bank may assess your application differently.

Yes, foreigners working in Norway can apply for loans in Norwegian banks if they meet the requirements related to income, tax history, age, and creditworthiness. It is important that the bank can verify your financial situation in Norway.

Motty helps foreign-language customers go through the process in English – from submitting the application to contact with the bank and signing the documents.

No. At Motty, you can go through the process in English. Our advisors help you understand bank requirements, documents, offers, and the next steps.

This is especially important if you work in Norway but do not feel confident with Norwegian financial language.

Creditworthiness means an assessment of whether a customer is able to repay a loan according to the agreement. The bank analyses, among other things, income, living costs, current loans, credit cards, payment history, and employment stability.

In practice, the bank checks whether, after paying everyday expenses and current obligations, you still have enough funds left to repay a new loan.

Kredittsjekk is a Norwegian credit check. This is when a bank or financial institution checks information about your financial situation, payment history, income, debt, and any debt collection records.

Kredittsjekk is a standard part of the process when you apply for a loan, credit card, instalment purchase, or some subscriptions.

Kredittsjekk means checking the customer’s credit data.
Kredittvurdering is a broader assessment of creditworthiness, meaning an analysis of whether the customer can receive a loan and on what terms.

Simply put: kredittsjekk provides the bank with information, while kredittvurdering helps the bank make a decision

A credit rating in Norway is a numerical or descriptive assessment of your financial reliability. It may be presented on different scales, depending on the credit agency and the system used by the bank.

Your rating may be affected by factors such as income, payment history, debt, age, financial stability, and any debt collection records.

Your creditworthiness is mainly affected by:

• income level,
• employment stability,
• current loans and credit cards,
• living costs,
• number of dependants,
• tax history in Norway,
• payment history,
• debt collection records,
• property ownership,
• co-borrower.

The bank looks at your entire financial situation, not just one number.

Yes. A credit card limit may be treated by the bank as available debt, even if you are not currently using the full limit. That is why a high credit card limit can reduce your creditworthiness.

Before submitting an application, it is worth checking whether your current limits and financial obligations are not making your situation worse.

No. Submitting an application through Motty is free and non-binding. You can check the available options, and you decide whether to accept or reject an offer only after reviewing the bank’s terms.

The bank may ask, among other things, for:

• a document confirming your income,
• skattemelding or other tax information,
• lønnsslipp, meaning a payslip,
• information about your current financial obligations,
• employment documents,
• property documents if the application concerns a secured loan.

The required documents depend on the type of loan and the requirements of the specific bank.

In many cases, you can receive a response on the same business day. If the application is submitted in the afternoon, evening, or during the weekend, the response may arrive on the next business day.

The waiting time depends on the bank, the completeness of the data, and any additional documents that may be required.

After the offer has been accepted and the agreement has been signed, the bank usually pays out the funds within 1–3 business days. The timing may vary depending on the bank, the type of loan, and whether all documents are complete.

Yes, you can contact Motty by phone, but the most convenient and fastest way is to submit the application online. This gives the advisor immediate access to the data needed to start the process.

The interest rate is set individually by the bank. It depends, among other things, on your creditworthiness, income, debt, payment history, type of loan, and repayment period.

Motty helps compare available offers, but the final terms are always set by the bank after analysing the application.

Not always. When comparing offers, it is worth looking not only at the nominal interest rate, but also at the total cost of the loan, fees, repayment period, and monthly payment.

Sometimes a lower monthly payment means a longer repayment period, which can result in a higher total cost of the loan. A Motty advisor can help you understand the differences between offers.

The maximum repayment period depends on the type of loan. For refinancing loans, the period may be up to 15 years if the relevant conditions are met. For standard consumer loans, the repayment period may be shorter.

The exact repayment period depends on the bank’s decision and the type of financing.

Yes. You can repay your loan partially or in full before the agreed date. In many cases, early repayment can reduce the total cost of the loan because you pay interest for a shorter period.

Before making a repayment, it is worth checking the terms of your specific agreement together with a Motty Credit Advisor.

A bank may reject a loan application for many reasons. The most common reasons include too low income, too much debt, active inkasso, negative payment history, a short period of residence in Norway, or missing required data.

A rejection from one bank does not always mean that every bank will make the same decision.

Active inkasso or a betalingsanmerkning can make it significantly harder to obtain a regular consumer loan. In many cases, banks refuse financing until the payment remark has been removed.

If you own property in Norway, there may be other options, such as a loan secured by property. This type of situation requires an individual assessment. Please contact us.

Betalingsanmerkning is a negative payment remark showing that a person has not settled a financial obligation. Such a remark can make it harder to obtain a loan, credit card, instalment purchase, or subscription.

After the obligation has been paid, the remark should be removed in accordance with the applicable rules.

Refinancing means transferring one or more existing financial obligations into a new loan. The goal may be a lower monthly payment, better interest rate, organising your debt, or combining several payments into one.

Refinancing can be especially useful if you have several loans, credit cards, or high-interest debts.

Refinancing means changing the terms of financing, for example by moving a loan to another bank. Consolidation means combining several financial obligations into one.

In practice, the two solutions often go together: several obligations can be combined into one new loan with one monthly payment.

Yes, refinancing can lower your monthly payment if the bank offers better terms or a longer repayment period. However, it is important to remember that a longer repayment period may increase the total cost of the loan.

That is why it is worth comparing both the monthly payment and the total cost of financing.

In some cases, yes. If the bank gives a positive assessment of your creditworthiness, you may receive refinancing of your existing financial obligations and additional cash.

The decision depends on the bank, your income, debt, and payment history.

Often, yes. Credit cards in Norway can have high interest rates, so combining debt from several cards into one refinancing loan may help reduce monthly costs and make repayment easier to manage.

However, each case should be assessed individually.

Yes. Motty helps customers with the process of applying for a mortgage in Norway. This applies both to buying a property and refinancing an existing mortgage.

An advisor can help you understand bank requirements, equity, documents, and possible financing scenarios.

Banks usually require equity when buying a property. The standard requirement is often around 15% of the property value, but the final requirements depend on the bank, the customer’s situation, and current regulations.

It is worth checking your situation in advance, before you start actively looking for an apartment or house.

A loan secured by property is financing where the bank establishes security in an apartment or house. Thanks to this security, the bank may sometimes be able to offer different terms than with a regular consumer loan.

This type of solution may be considered, among other things, when refinancing larger financial obligations, but it requires owning a property and having sufficient creditworthiness.

Motty is a company that helps customers obtain loans from banks in Norway. We help clients compare financing options and go through the loan process — from the application to contact with the bank and signing the documents.

We support, among others, people working in Norway who want to apply for a consumer loan, refinancing, debt consolidation, or a mortgage.

No. Motty is not a bank. We are a loan broker that cooperates with banks and helps customers find available financing offers.

The decision to grant a loan, including the amount, interest rate, and terms, is always made by the bank.

For the customer, submitting an application through Motty is free and non-binding. You can check the available offers without any obligation to sign an agreement.

Motty helps you save time and compare options from many banks without having to contact each of them yourself. In addition, you receive support from an advisor who explains the process and helps you understand the offers.

Jasne — czyli przy kolejnych wersjach będę podmieniać język zgodnie z tłumaczeniem, nie zostawiać „po polsku”.
This is especially convenient for people who work in Norway but want to go through the process in English.

No. Motty cannot guarantee a positive credit decision, because the final decision is always made by the bank after assessing the application.

At Motty, we help prepare the application, send it to the relevant banks, and explain the available options tailored to the customer’s needs and best interests.

Yes. Motty provides support in English. This means you can ask about loans, documents, refinancing or bank offers in your own language.

This is a great help if you are not familiar with Norwegian financial terms or want to make sure you understand the loan conditions.

Yes. Motty works with many banks in Norway, which means we can help you check different financing options based on one application.

However, this does not mean that every customer will receive an offer from every bank. Banks assess each application individually.

Yes. With Motty, you submit one application, and we help you check the available options from the banks we work with. This is simpler than sending separate applications to multiple institutions.

No. The advisor will help you understand the offers, the differences in costs and terms, but you make the final decision yourself. The loan should be suited to your situation and repayment ability.

Yes. Refinancing your mortgage can help you get better terms, switch banks, lower your monthly payment, or use the increased value of your property.

The bank will check, among other things, the property value, the amount of your current debt, your income and your creditworthiness.

Yes, in practice, BankID is very important in the loan process in Norway. BankID is an electronic identification system that allows you to confirm your identity online, log in to banks and institutions, and sign documents electronically.

When applying for a loan, BankID is usually needed to sign the loan agreement, confirm your details, and communicate with the bank. Without an active BankID, most banking services in Norway may be unavailable or much more difficult to use.

The process usually looks like this:

1. You fill in the online form or call us at +47 40 72 00 08
2. We talk about your needs and current situation.
3. A Motty expert sends your application to more than 20 banks in Norway.
4. The banks assess your creditworthiness.
5. You receive offers from the banks.
6. Together with a Motty expert, you analyse which offer may be the most beneficial for you.
7. You choose an offer if it suits you.
8. You sign the documents, usually using BankID.
9. The bank pays out the funds after the agreement has been accepted and signed.

Submitting an application does not mean that you have to accept an offer. A Motty credit expert supports you at every stage.

Yes, you can check some of the information that the bank takes into account when assessing an application. In Norway, you can check, among other things, your registered debt, credit card limits, active loans, and credit information available in selected registers.

However, it is worth remembering that there is no single universal credit score that automatically decides whether a loan is granted. Each bank assesses the application individually, taking into account, among other things, income, debt, payment history, living costs, and the type of loan.

A Motty advisor can help you understand which elements of your financial situation may affect the bank’s decision.

A kredittopplysningsbyrå is a Norwegian credit information agency. Such agencies collect and provide information that may be used by banks when assessing a loan application.

The data may include, among other things, debt, payment history, tax information, debt collection records, and other information available in accordance with Norwegian regulations.

When you apply for a loan, the bank may check information from such registers to assess your financial situation and your ability to repay the obligation.