Investing in Norway can be a challenge, especially if your savings are in another currency. The high costs of living can make it difficult for foreigners to start their new chapter in this Scandinavian country. Especially if you have just moved and still not earning in the local currency, the beginnings can be really tough. There are, however, some solutions which can be a great help for the expats who have justs started their new life in Norway, as well as these ones who have been living here for long. Also, if you are planning to start a little business and you lack the capital, the rapid cash loan can be a significant help that will allow you to put your plan through.
Cash loans for non-citizens – are they allowed?
You may be wondering if, as a person who isn’t a Norwegian citizen, you will have a right to receive this kind of support. It is certainly possible, however, you will have to choose the right institution. Moreover, you will have to present some documents confirming that you are entitled to cash support in Norway. Their configurations may differ depending on your country of origin as well as financial and work status. That’s why hiring a professional company that mediates in this kind of operation might be a great plus. Knowing the most favorable offers with the best set of conditions, the professional agent will help you to make the right decision which you will definitely not regret. He will also help you with collecting the necessary documents and contacting the bank.
Loans on Norway – how to receive them?
What kind of loan is available for you in Norway as a non-citizen? One of the most common ones is the cash loan To receive it, you only need to answer a few basic questions to the agent with whom you cooperate. Basing on these answers, he will adjust the offer to your needs and requirements. In the first stage of signing the agreement, you will need to provide only the personal data – on the further ones the bank might ask for more documents. Pay attention to the nominal interest rate of an agreement – it should fit in between 6,99% up to 25,9% per year. If it crosses these numbers, it may not be the best decision to sign it. Living and working in Norway, you can also receive a consolidation loan which is a good solution for the debtors. Combining a couple of debts into one is a convenient solution as it generates only one, lower rate. However, make sure that the extended loan period comes with it.
Article prepared in cooperation with LOCALMARKET,