It varies how long the bank, or another loan provider, needs to credit you. It will take longer at the bank than at, for example, an online loan provider, since a credit rating with an online loan provider is done automatically.

The amount of time you have to wait to get a credit rating is often stated on the loan provider’s website. If you would like to borrow money somewhere where the credit rating is done quickly, you may want to borrow money online. Here it often only takes a few minutes.

What matters when you need to be rated?



There are several factors that can affect your credit rating. It is your income, your fixed expenses, your availability amount, your age and level of education and whether you are registered in RKI. Below we have described how the various factors affect your credit rating.

Your income has a bearing on your credit rating

Your income is very important for the credit rating your bank or another loan provider makes of you. Your income can give a clue to the loan provider about what your personal finances look like. The higher your income, the more you usually have the opportunity to borrow. In addition, some loan providers also offer lower interest rates to high-income people because they can provide greater financial security for the loan they take. Therefore, be aware that the money paid each month will automatically form the basis for the credit rating you receive.

The credit rating is affected by your fixed expenses

The credit rating is affected by your fixed expenses


It is especially when you have to borrow money in the bank that you have to show what fixed expenses you have. That way they can see what expenses you have and how much they are in relation to your income. At other loan providers, they will estimate what your expenses are and, based on that, assess what they can lend you.

Your availability amount has an impact on your credit rating

When your fixed expenses are offset against your income, the loan provider can see what your available amount is. With your availability, they can assess how creditworthy you are. In other words: how much you have the option to repay on the loan a month. So they can assess whether you can very likely pay back the loan within the time limit.

Your age and education level can also be crucial to your credit rating

Your age and education level can also be crucial to your credit rating


If you are interested in borrowing money, you should be aware of whether the loan provider has an age limit. Most loan providers have age limits on their loans. For example, it may be an age limit of 21 years, which more and more loan providers choose. This is partly because they want to lend money to people who are responsible and have a fairly stable economy. The interest rate on the loan you are offered may be affected by your age.

If a young person is applying for a loan, the interest rate on the loan is often higher as young people do not have the same pay ratio. Statistics also show that young people are poorer payers. It may cause the loan providers to offer less attractive loans to young people, in fear that they will not be able to repay the loan. Your level of education also has an impact on your credit rating. If you are highly educated, you will be more likely to find a good job with a higher income. That will mean you can borrow more money.

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