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

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.

Interest, list of charges and currency calculator

Interest

Interest selected
Deposit Interest  
Debit card 2,20% - 2,80%
Savings account 2,20% - 3,40%
Savings account (Indexed) 2,15%
Credit Interest  
Debit card 10,35%
Charge card 10,95%
Short-term loan 10,60%
Instalment contract 10,30%
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List of charges

List of charges selected

Debit card annual fee
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 
0,31%  194,02  195,31 
-0,03%  21,674  21,818 
0,49%  21,124  21,264 
0,77%  18,295  18,416 
-0,07%  133,65  134,53 
0,07%  1,6071  1,6183 
0,68%  123,36  124,27 
-0,02%  161,13  162,2