Danske Loans Review | www.danskebank.co.uk
Address: Donegall Square West, Belfast, BT1 6JS.
Branding: Danske Bank Fixed Rate Personal Loans. AKA: Danske Loans.
FCA Licence: 006351.
From: Northern Bank Ltd (part of Danske Bank A/S).
Launched: 2012 (1809 as Northern Banking Partnership).
Related: No companies.
Available: Monday to Friday (8am/8pm), Saturday to Sunday (9am/4.30pm).
Bad Credit Considered: Fair-to-good score required.
Manage: Danske Bank login provided via www.danskebank.co.uk.
Offers: Personal loans.
Sums: £1000 to £25,000 (new and returning).
Terms: 12 to 60 months.
£99.38 /£1000 (12) £196.59 (24) (exist)
£101.80 /£1000 (12) £201.51 (24) (new)
£469.50 /£10,000 (12) £915.55 (24) (exist)
£495.17 /£10,000 (12) £966.30 (24) (new)
Notes: First time applicants see interest at 19.9% (1k) and 9.4% (10k). Existing customers attached to the Choice Plus, Freedom and Prestige accounts see a 0.5% discount. This takes the APR down to 19.4% and 8.9%. There is no ability to apply online. You can do this by phone or by branch. They are Northern Ireland based, but do have an outlet in London. It is not confirmed whether account servicing extends to the loan.
– Amounts: A sizeable £25,000 can be accessed by new and returning customers. The inability to apply online is a limitation, but you can run through the process by phone (free call for landlines).
– Branches: There are just over 80 branches. Most are found in Northern Ireland, but there is an England base in London. The group has been active in ROI, but they announced in October 2013 that they were withdrawing all personal banking services on that side.
– Experience: This Irish department was established in Belfast as the Northern Banking Partnership in 1809. A key merge took place in 1970 that saw a name change. Danske bought the company in 2004 from NAB (known for Clydesdale/Yorkshire). They decided to rebrand with their own name in November 2012. This Danish owner dates back to 1871.
– Operations: Team advisors can be reached by customers 7 days a week.
– Ownership: This is the largest banking chain in Denmark, headed in Copenhagen. Their branding name is a translation of “Danish Bank”. They collectively have 5 million retail customers. As a clear sign of their prominence, they did make the Fortune Global 500 list a few years back.
– Profile: Web popularity is notably high considering that the rebrand only took place in late 2012. The previous operation does have a long history though and they were one of the top players in the country and so the relaunch was expected to generate plenty of media attention and public interest.