In short, a loan broker can be a shortcut to getting you a high number of loan offers. Obtaining many offers is important when you are comparing conditions, and thus find the cheapest solution. You can of course do the job yourself, but then you need to know as many banks as possible.
Here you can read about what loan brokers do and do not do, about advantages and disadvantages, and how to distinguish between skilled and less skilled brokerage companies.
Unclear market for unsecured loans
There are over 30 financing companies and banks in Norway that focus exclusively on so-called consumer financing, ie loans that can be used freely and that do not require security. In addition, almost all savings banks also offer this type of loan. Most of us know DNB, Sparebank1, Nordea and maybe the local bank, but how many have heard of, for example, Easybank, Santander and Nordax?
One of the advantages of a loan broker is that you do not have to get an overview of all the players. However, the choice of brokerage firm is about as important as the choice of bank.
Good and bad loan broker
The loan broker usually does a good job of applying, but there are still differences. . .