Personal loan arranged simply
Larger projects with a fixed instalment and quick approval
A personal loan (consumer loan) is a loan with a fixed term, a fixed interest rate and a constant monthly instalment, granted without a land charge for purchases, refinancing or free use. The terms depend on credit standing, term and loan amount. As an independent broker, Nordfinanz compares the offers of many banks and finds the instalment that fits your budget.
Updated on 16 October 2026
Whether refinancing expensive old loans or a larger project: for personal loans we compare up to 600 partner banks and find the instalment that fits your budget.
What we take care of for you
- Refinancing expensive loans at a favourable rate
- Free use without proof of purpose
- Predictable monthly instalments with a fixed term
- Quick approval thanks to lean, digital processing
Independent comparison
We check many banks instead of just your current bank’s offer.
Fair terms
Credit-dependent interest rate, explained clearly and completely, without opaque small print.
Personal support
One dedicated adviser from enquiry to release of funds.
Personal loans: what really matters
What is a personal loan?
A personal loan (also called a consumer loan) is a loan with a fixed term and a constant monthly instalment that you can use freely: for a car, new furniture, a larger purchase or paying off expensive old loans. Unlike a mortgage, there is no land charge; the bank mainly checks your income and credit standing.
The comparison decides the price
Between the most expensive and the cheapest offer for the same loan there are often several percentage points. The annual percentage rate (APR) is decisive, because it includes all costs. Treat advertised rates with caution: the headline rate often applies only to a small share of applicants. We request terms in a Schufa-neutral way, so the comparison does not affect your credit rating.
Refinancing is particularly worthwhile: anyone paying off an expensive old loan or a permanently used overdraft often reduces the interest burden considerably. With double-digit interest rates, the overdraft is among the most expensive forms of credit of all.
Stay flexible
You may repay consumer loans early at any time, in full or in part. The legally capped compensation for this is at most 1 percent of the amount repaid early, or at most 0.5 percent if less than a year of the term remains. Many banks even waive it entirely. If you expect a one-off payment, such as a bonus, you should take this into account when choosing a loan.
Further reading: Financing modernisation· Get in touch
Personal loans: answered briefly
No, if it is made correctly. We use the so-called terms enquiry, which is neutral for your Schufa rating. Only when you actually accept an offer is the loan recorded.
With complete documents and digital identification, often only two to five bank working days pass between enquiry and release of funds. Refinancing takes a little longer because the bank being paid off is involved.
You can repay the loan early at any time. The early repayment charge is legally limited to at most 1 percent of the amount repaid, or 0.5 percent if less than a year of the term remains. Some banks waive it entirely, which we take into account in the comparison.
Usually payslips from the last few months, an identity document and bank statements are enough. If you are self-employed, income tax assessments or management accounts (BWA) are added. We tell you in advance exactly what your preferred bank wants to see.
Related guides
Adapt the financing to your project, not the other way round
Why your life sets the framework for your financing, and how to find a monthly instalment that still fits your everyday life in ten years’ time.
How much equity do I really need?
How much of your own money you really need when buying a property, and why a sensible buffer is often more important than maximum equity.
More solutions
Let’s talk about your project
The initial consultation is non-binding. You tell us about your project, we tell you honestly what is possible. Then you decide at your own pace.
