Morrow Bank (formerly Komplett Bank) is a Norwegian-rooted bank that offers consumer loans in Finland up to €60,000. The loan can be used freely for renovation, a car or consolidating existing loans.
Morrow Bank is known for clear pricing and the fact that applications are often processed within just a few minutes. Getting a loan requires regular income and clean credit history.
Who is Morrow Bank for?
Morrow Bank is best for those seeking larger loan amounts and longer repayment periods. Ideal for renovation, car purchases, and loan consolidation.
Features
- Loans €1,000 – €60,000 without collateral
- Repayment period up to 15 years
- Free early repayment
- Finnish-speaking customer service
- Decision often the same day
Pros and cons
+ Pros
- Low interest rate from 5.9%
- Large loan amounts up to €60,000
- Financially sound Nordic bank
- Fast processing
− Cons
- Requires good credit history
- Minimum age 23 years
Loan terms
Applicant must be at least 23 years old. Regular income and clean credit history required. Permanent residence in Finland.
Possible costs
Opening fee €0. Monthly fee €8 (included in representative example). Free early repayment.
Application process
1) Fill in the application on Morrow Bank's website. 2) Identify with online banking credentials. 3) You usually receive a loan decision immediately or the same day.
Repayment
Annuity loan with fixed monthly installment. You can repay the loan early free of charge at any time.
Customer experience
Customers praise Morrow Bank especially for fast processing, clear pricing, and Finnish-language customer service.
Rate, costs and representative example
Representative example: €20,000 loan, repayment period 10 years, effective annual rate 11.9%, monthly installment approx. €286.
Frequently asked questions – Morrow Bank
What is the interest rate at Morrow Bank?
Morrow Bank loans start from 5.9%. The final rate is determined based on a personal credit decision and the effective annual rate is 5.9% – 19.9%.
How much can I borrow from Morrow Bank?
You can apply for a loan of €1,000 – €60,000. Repayment period is up to 15 years.
Do I need collateral?
No. Morrow Bank grants the loan without collateral or guarantors.
How long does the decision take?
Usually you get a decision in minutes, and the money is in your account within a few banking days at the latest.