Loans

Short-term loans

Better interest

S24 offers favourable short-term loans of up to 8 years. Whether it is for kitchen fittings, parquet flooring, tiling, flat screen TV, a computer, stereo, musical instruments, home theatre, washing machine, dryer, home improvements, foreign travel, a wedding or something else, the choice is yours. In addition, you do not need to start repaying the loan for 3 months. The first payment is only an interest payment, then regular repayment instalments begin.

  • Non-index-linked and variable
Your advantage
  • Excellent interest
  • Lower loan fees
  • You do not need to start repaying the loan for 3 months, you decide. First repayment is only an interest payment
  • Loan periods up to 8 years

Long-term loans

Better interest

S24 offers a favourable long-term secured loan from 9 years up to 40 years*. Interest is variable and non-index-linked.

  • Non-index-linked and variable
Your advantage
  • Better interest rates
  • Up to 80% secured ratio
  • No requirement for first mortgage
  • Loan charges can be rolled into the loan
  • Loan repayments can be made at any time
  • No pay-off fees
  • Quicker equity growth

Instalment contracts

Better interest

S24 is in a position to offer customers instalment contracts with the most favourable terms. An instalment contract involves changing an overdraft into loans of up to 5 years. Instalment contracts are unsecured loans and customers need to meet the established requirements concerning total debt, etc.

  • Non-index-linked and variable
Your advantage
  • Better interest
  • No stamp duties
  • Loan periods up to 5 years
  • Favourable repayment terms
  • You do not need to begin repaying the loan for three months, you decide. The first payment is an interest only payment
  • Well suited for existing customers who want to pay off their overdrafts.

Internet car loan

Better interest

S24 offers you Internet car loans with the most favourable terms. It is only possible to apply for a loan on the S24 website, and all necessary services and information are available on the internetbank website where you can check the state of the loan and make repayments. S24 places emphasis on keeping the costs of the loan to a minimum, which makes it possible for use to offer better interest rates and in that way ease the repayment burden.

Your advantage
  • Variable interest
  • Better interest
  • Lower loan fees
  • Loan periods up to 7 years (84 months)
  • Up to 90% loan for a new car
  • Loan fees can be rolled into the loan
  • Repayments can be made at any time
  • No minimum amount
  • Easier repayment terms
  • Possible to check the loan status on internetbank
  • Non-index-linked interest

Interest, list of charges and currency calculator

Interest

Interest selected
Deposit Interest  
Debit card 3,70% - 5,00%
Savings account 3,70% - 5,85%
Credit Interest  
Debit card 11,60%
Gold LoC card 13,10%
Charge card 13,10%
Short-term loan 13,20%
Offer loan 11,05%
Instalment contract 11,60%
Longterm loan
Cert. of Dep. 0-30% 10,20%
Cert. of Dep. 31-60% 10,55%
Cert. of Dep. 61% and higher 11,55%
More

List of charges

List of charges selected

Debit card annual fee 450 kr.
Annual fee - Credit/LoC card 5.000 kr.
Annual fee - Gold- Credit/LoC card 8.000 kr.
Annual fee - Netcard 1.000 kr.
Annual fee - Internetbank 0 kr.
Transaction fee on the internetbank 0 kr.
Debit card transactions (POS) 13 kr.
Loan fee 1,50%
ATMs outside of Iceland - Maximum withdrawal
Creditcard - 4 times per month 30.000 kr.
Gold creditcard - 4 times per month 60.000 kr.
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Currency

Currency selected
Country Change  Buy  Sell 
-1,41%  179,855  181,315 
-0,92%  20,2145  20,3795 
-0,74%  19,1195  19,2755 
-0,92%  16,1705  16,3035 
-1,77%  115,44  115,815 
-1,41%  1,38955  1,39795 
0,05%  112,685  113,535 
-0,91%  150,53  151,71