Quick loan

Compare different loan providers and apply for a loan through our partners - you can get the money in your account today!

  • Complete the loan application in 1 minute
  • Choose the loan that best suits your needs
  • Get your money in your account today!

The quick loan is perhaps the most well-known form of short-term loan. For a long time, the quick loan has had a somewhat bad reputation, due to the high interest rates of the past few years.

Today, however, changes in the law have limited the interest rate on quick loans, and as a result the supply of quick loans has also declined. Today, larger consumer loans and flexi-credits are being granted in preference to small instant loans.

Despite the bad reputation of the back years, the quick loan can be a good solution for short-term borrowing needs today. With a short maturity, the interest rates on a quick loan today are not likely to be very high.

A quick loan is also often called a vipiksi and quick loan.

What is a quick loan?

A quick loan is a small unsecured loan loan, which usually have a relatively short loan period - often only 1-3 months. You can apply for a quick loan online, and it is usually paid into your account almost immediately.

Usually, the quick loan is repaid within weeks or months, but interest rate caps have made larger loans and flexi-credits more popular than short-term quick loans. Smaller quick loans have therefore virtually disappeared from the market, and instead of a small loan, it may often be better to apply for a slightly larger flexi-credit, and only withdraw the amount needed.

With a flexible loan, you can only withdraw the amount you need, even if the total loan granted is higher.

What kind of quick loan is right for your needs?

Small quick loan

The easiest way to apply for a small quick loan of less than €500 is through Ferratum, for example. A small quick loan can be difficult to find these days, and Ferratum is one of the few services where it is possible to get a loan with a repayment period of just one month, for example.

Large quick loan

It is worth competing for a large quick loan, as the cost of the loan can easily become high in the long run. For example, a loan of €10 000 is in a different category of total costs than a €500 quick loan.

Larger unsecured loans are still like the quick loan, but they are usually called consumer credit.

Through our partners, you can apply for a consumer credit of between €100 and €60 000 in a single application.

Where to apply for a quick loan?

You should not apply for a quick loan just anywhere. It's always worth competing for a loan, which is why there are many services on the market where you can choose the best loan provider for you by filling in just one application.

Here we look at the most popular financial institutions and competitive services for applying for a quick loan.

Bank Norwegian

Bank Norwegian is a great option when you need a quick loan of more than EUR 1,000. You can get a loan from Bank Norwegian from EUR 1,000 to EUR 60,000.

Bank Norwegian is one of the best places to apply in 2022, as it has a relatively high approval rate for loan applications.

At Bank Norwegian, the loan term can be between 1 and 15 years. You can also repay the loan faster, which means lower interest and costs.

In addition to a loan, you can also apply for a credit card from Bank Norwegian. The Bank Norwegian credit card can be used not only for payments but also as a kind of flexible credit, as you can withdraw money directly from the credit card to your own account.

Bank Norwegian loans are available to Finns over 23 years of age with a good credit history.


The Ferratum quick loan is suitable for small loan needs of 50 - 4000 euros. Ferratum offers short repayment periods of up to one month. Not many other companies currently offer such short repayment terms on the market.

Interest rates and charges on Ferratum's quick loan are roughly on a par with other financial institutions, and interest rate caps make a loan for a month, for example, very affordable.

Ferratum usually processes loan applications very quickly, and you usually get the money in your account straight away.

Finns aged 22 and over can apply for a voucher from Ferratum any day of the week.


Home Loan is one of the most popular loan competitions available today. Omalaina competes with financial institutions in a single application, and you can usually get multiple offers for a loan in just a few minutes.

You can apply for a loan of between EUR 100 and EUR 60 000 through a personal loan.


Through Zmartta, you can apply and compete for loans from €1,000 to €60,000. The smallest quick loans are therefore not included in Zmartta's range, but the service is ideal for those seeking a larger loan. The repayment period for loans applied for through Zmartta ranges from 1 to 15 years.


Lendo competes for loan offers from different lenders, and you can apply for loans from €500 to €60 000. Lendo's loan application process is simple and straightforward, and Lendo has a comprehensive network of partners. Loan terms for loans applied for through Lendo range from 1 to 15 years.

Loan department

Lainasto is a Finnish service, one of whose interesting products is a virtual credit card with a €500 withdrawal limit.

In practice, this card works well as a substitute for an instant debit, and is a comparable alternative to other debit cards.

A small quick loan for quick cash needs

A small quick loan is often a handy solution when a small amount of money is needed suddenly. For example, a broken phone or washing machine are situations where a quick loan can come in handy.

If you apply for a loan from a regular bank, it can take several days to process your loan application. This is often too long, and for an urgent need, a quick loan is often a better option. With a quick loan, you get a loan decision as soon as you send in your application and the loan is usually paid immediately into your account.

You can also use the quick loan for whatever you want - the lender does not check or monitor how the loan has been used.

Get an easy online quick loan

The easiest way to apply for a quick loan is online. You can apply for a quick loan from different financial institutions in one easy application, and you can easily choose the one that suits you best from the loan offers you receive.

It is always worth comparing different loan offers, as there are often big differences in interest rates and costs. Even a small difference in the interest rate on a loan can have a significant impact on the total amount to be repaid.

So when choosing the best deal for you, check at least the term of the loan, the annual percentage rate of charge (APR), withdrawal fees, account management fees and late payment charges before accepting the offer. When you check the fees and conditions of the loan carefully before you withdraw the money, you know exactly how much the actual costs will be.

It's always a good idea to pay back your quick loan on time to avoid extra late fees.

Is it possible to get an instant loan immediately?

A quick quick loan may come in handy when you have an unexpected need for money. For example, if your phone breaks, you may need a loan quickly, in which case a quick loan can save the day.

A quick loan is usually very quick; fill in an application and you'll get an instant decision on whether to apply for a loan, and most financial institutions will pay the loan into your account as soon as you've accepted the offer.

This is one of the reasons for the popularity of a voucher: when you need to get an instant loan on your account, you can easily apply for a voucher online and accept the loan offer that suits you best. Usually, the voucher is paid into your account on a weekday, the same day.

You can get a quick loan without collateral

Unlike many bank loans, an instant loan can be obtained without collateral.

This is one of the reasons for the popularity and speed of the quick loan: secured loans take longer to process, as the bank has to clear the collateral before granting the loan.

Since you can apply for an instant loan without collateral, the loan processing process is much faster.

A quick loan is an easy and quick solution to a sudden need for money, as at best you can get a loan on your account within the same day. You can even get a loan decision within minutes of submitting your application.

Note: although it is possible to get a quick loan without collateral, you will still need to send proof of your income. However, if you can send proof of income without collateral, you must still send proof of income. In practice, this usually means a payslip or the latest tax assessment.

The loan period is usually short for quick loans

Quick loans are available with different repayment periods. In general, however, the repayment period is only a few weeks or months.

If you want a longer repayment period or need more money, you can also apply for a larger loan. Like a quick loan, you can apply for a larger loan online at any time, and you can usually get a loan decision within minutes. For example, a loan of €10,000 can be paid quickly - even on the same day - just like a smaller quick loan.

With the changes in the law, loans are usually granted with a long repayment period

The 2019 law on interest rates for unsecured consumer credit has significantly limited the supply of quick loans. Quick loans with annual percentage rates of hundreds or even thousands of percent are a thing of the past, and as a result, financial institutions now tend to lend more with longer repayment terms.

Check the APR before taking out an Instant Loan

The actual annual percentage rate of charge should always be checked when you take out a loan. Although it is easy to apply for a loan online, it is always worth checking the terms and conditions to avoid any nasty surprises.

Legislation requires the lender to disclose the cost of the loan and the annual percentage rate of charge (APR) at the time of the loan, so it is now quite easy to check.

Laws limit the annual percentage rate of charge for quick loans

Frequently asked questions about instant wafers

Can I get a quick loan?

To qualify for a quick loan, you usually need to be 20 years old, have a clean credit history and a regular income.

When can I apply for a loan?

You can apply for an instant loan at any time. Please note, however, that the voucher can usually only be paid into your account between 7am and 11pm on weekdays.

Can I get a loan without collateral?

Through our website you can apply for a loan without collateral. An unsecured loan is usually a good option when you need money fast. You will usually receive a loan decision immediately after filling in the application and the loan will be paid quickly.

Only apply for a loan if you know that you will be able to repay the loan within the repayment period. Even if you can apply for a loan in minutes, always remember that you also have to repay the loan. Only apply for a loan when you really need it.

Can I get an instant loan without credit history?

At the moment, it is generally not possible to get a voucher without credit information through our partners. In addition to a clean credit history, you will in practice always need to send proof of income when applying for a loan.

What is the annual percentage rate of charge?

With the legislative reforms, the nominal interest rate of the loan may not exceed 20%. The 2019 legislative reform does not specify the annual percentage rate of charge.

Before the law reform, the annual percentage rate of charge was explicitly limited, and for quick loans of less than EUR 2000 this used to be 50%. Previously, the interest rate cap for loans above €2000 was not limited, but the 2019 law reform changed the interest rate cap to apply to all consumer loans.

Is a quick loan a good option?

A quick loan is a convenient option if you know you can pay back the loan quickly. If you need a loan with a longer repayment period, a normal consumer loan is usually a better option.

What is the best free instant loan?

In the past, it was sometimes possible for a new customer to get a quick loan without interest and charges. The free quick loan has been an attractive offer to attract new customers.

However, with the reform of the law that came into force in 2019, free instant vouchers are currently no longer available on the market at all.

See also: