Danske Bank Loans

Are you considering a loan with Danske Bank? Or perhaps you already have one, and you’re looking for further information about the company. Either way, we’ve compiled the most important, in-depth information about Danske Bank loan for you in this loan guide.

About – Who are Danske Bank Loans?

Danske Bank Loans is a direct lender based in Belfast, UK. The company was established in 1883.

What are the key features of Danske Bank’s loan?

It’s important to analyse the key features of a loan carefully before you commit. Here are the critical details of a Danske Bank Loan:

APR

Minimum APR: 5.5%

The APR for the loan is advertised at 5.5%. Depending on your individual circumstances, the APR could go up.

Loan Amount and Repayment Period

You can borrow between £1000 and £25000.

The loan repayment period can be between 12-60 months.

Example

Here’s the representative example that they give on their website:

5.5% APR Representative. Based on a loan amount of £7,000 over 36 months at an interest rate of 5.5% p.a. (fixed). Monthly repayment £210.95. Total amount payable £7,594.12.

Information correct as of 01/04/21 (Dasnke)

How do I apply for a Danske Bank loan?

You can apply for a Danske Bank loan online through eBanking – you will need to register. You can also apply on the phone or through an in-person appointment.

Danske Bank reviews

It’s important to see how other customers have rated their experience with Danske Bank. Take a look at their up-to-date reviews here.

Trustpilot review

Information correct as of 14/06/21 (Trustpilot)

How to complain about Danske Bank?

Should you need to make a complaint about Danske Bank, then you can use the details below to either write to them or call them.

Robin Hamilton
Danske Bank
Donegall Square West
Belfast
BT1 6JS
UNITED KINGDOM
4408456002882
[email protected]

If Danske Bank does not respond to your complaint then you should contact the Financial Ombudsman Service. They might be able to handle your complaint.

Information correct as of 01/04/21 (FCA)

Loan interest and other charges – government cap

There are also price caps which the Financial Conduct Authority have introduced to protect borrowers from being subject to excessive charges. These include:

  • A cost cap of 0.8% per day – this cap is on the amount borrowed, and includes interest and fees.
  • A cap on default fees of £15 – interest may still be charged after the default interest, but it should not be more than the rate of 0.8% per day.
  • A complete cost cap of 100% – you should not be asked to pay more than 100% of the money borrowed.

The limits apply are relevant to credit agreements which have an interest rate of 100% or more each year and these must be due to either be fully or substantially repaid within a year.

Other regulations came into force in May 2017. According to these other regulations, lenders should give details of their products on a price comparison site, which should be authorised by the FCA. Borrowers should receive the total summary of the cost of borrowing.

Continuous Payment Authority – The New Rules

In most cases, loan companies will request that you repay your debt using the Continuous Payment Authority. This means that the lending company can take payment from your account for loan repayments.

There are new regulations regarding the CPA which have been introduced, which state that the lending company can’t attempt to take the payment on more than two occasions.

Other rules around the CPA state that the lender must only take the full payment. If there is not enough money to cover the full payment, they are not permitted to take anything. If you agree that they can take a partial payment, they will be permitted to do so, but you must give them permission.

I Can’t Afford to Pay the Loan Back – What Now?

These are some rules that lenders must adhere to if you’re struggling to make repayments:

  • Provide details to debtors on where they can obtain free debt help and advice.
  • Allow time for a repayment plan to be reached, and hold of chasing payments for a period of time.
  • Allow a reasonable time to pay back the dept, freezing interest and additional charges where possible.

Company information:

After researching Companies House and their website, we found the following information about Northern Bank Limited, of which Danske Bank is a trading name:

Date of incorporation: 1 September 1883
Company status: Active
Company number: R0000568
Company type: Private limited Company
Website: https://danskebank.co.uk/personal
Address: Donegall Square West, Belfast, BT1 6JS
Opening Hours: Monday -Friday : 8 A.M – 6 P.M / Sat & Sun: 9 A.M – 5 P.M
Phone number: +442890048592

Information correct as of 01/04/21 (Companies House)

FCA registration:

The Financial Conduct Authority (FCA) is the conduct regulator for financial services firms and financial markets in the UK. 

FCA regulated: Yes
FCA status: Authorised
FCA reference number: 122261
Trading names: 
Danske Bank
Place of business: 
Danske Bank
Donegall Square West
Belfast
County Antrim
BT1 6JS
UNITED KINGDOM

Information correct as of 01/04/21 (FCA)

Data protection registration:

Data protection registration means that this company is registered with ICO, the UK’s independent authority set up to uphold information rights in the public interest. The privacy of your data will be protected.

Registration No: Z5808949
Data controller: Northern Bank Ltd
Address:
Donegall Square West
Belfast
Country Antrim
BT1 6JS

Information correct as of 01/04/21 (ICO register)

Where are Danske Bank located?

You may want to speak with the loan company in person. If you do, it’s important to find a company whose offices are near your own address. Take a look at their office location on a map.

Address:
Donegall Square W, Belfast BT1 6JS

How to Get Debt Help

If you want help with your debt issues, there are organisations who offer free independent advice. These are some of the most popular organisations.

About the author

Scott Nelson

Scott Nelson is a financial services expert, with over 10 years’ experience in the industry, including 6 years in FCA regulated companies. Read more
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