BusinessFinancing.co.uk

Compare UK Business Loans

In partnership with:
Nest Business Loans & Nerdwallet

Danske Bank Business Loans & Funding Reviews


Last Updated: 8 January 2025
Reviewed By: Ian Wright (Managing Director)

Sections

Toggle
  • Danske Bank Business Loan User Reviews
    • Review Summary
    • Recent Reviews
    • Submit a Review
  • Danske Bank Loans and Funding Options
    • Business overdraft
    • Fixed-Rate Business Loan
    • Variable Rate Business Loan
    • Asset Finance
    • Trade Finance
    • Other financial products
  • Danske Bank Loans and Funding Eligibility
  • Danske Bank Loans and Funding Rates
  • Danske Bank Loans and Funding Calculator
  • Danske Bank Loans and Funding Reviews
  • How To Apply For A Danske Bank Loans and Funding?
  • Pros
  • Cons

Danske Bank Business Loan User Reviews

Review Summary

0.0
0.0 out of 5 stars (based on 0 reviews)
Excellent0%
Very good0%
Average0%
Poor0%
Terrible0%

Recent Reviews

There are no reviews yet. Be the first one to write one.

Submit a Review

​

Danske Bank UK is a subsidiary of the Danish banking provider Danske Bank, and it was first established in the UK in 1824 in Northern Ireland and was formerly called Northern Bank. There are branches throughout Northern Ireland. They offer personal and business banking services which include a range of business services such as bank accounts, credit cards, overdrafts and loan products.

Danske Bank Loans and Funding Options

Danke Bank offers a range of business finance and funding products which include:

Business overdraft

Danske Bank offers an overdraft linked to their business current account. They will review the overdraft facility every 12 months. Interest is calculated daily, and you only pay for the days that you are overdrawn. There is a setup fee to pay and a renewal fee which will be agreed at the point of application.

Fixed-Rate Business Loan

Danske Bank offers a flexible fixed-rate business loan which offers:

  • Fixed rates for 3 or 5 years
  • Repayment frequencies to suit your business
  • Borrow between £25,000 and £250,000
  • Interest-only available
  • The arrangement fee is negotiable
  • Early repayment charge is applicable
  • Requires you to have a business account or servicing account
  • Security may be required
  • Rates will be determined through an assessment of your business circumstances

Variable Rate Business Loan

Danske Bank also offers a flexible variable rate business loan which offers:

  • Option to make higher payments or lump sums and reduce the repayment term and interest payable
  • Minimum loan of £1,000
  • Interest-only option available
  • Maximum term of 25 years
  • The arrangement fee is negotiable
  • Requires you to have a business account or servicing account
  • Security may be required
  • Rates will be determined through an assessment of your business circumstances

Asset Finance

Danske Bank offers a range of asset finance products which include hire purchase, contract hire, and leasing products are available for a variety of assets, including vehicles, agricultural equipment, technology, and machinery. At the end of the agreement, there is often the option to either rent the asset or own it.

Trade Finance

Danske Bank offers a range of trade finance products that can assist businesses in minimising credit risks, managing credit terms and payment flows on domestic and international markets for both buyers and sellers. They offer import and exports products which include Letters of Credit and Collections. They also offer a range of guarantees for bids and tenders, performance bonds, retention bonds, advance payment bonds and payment guarantees.

Other financial products

Danske Bank also offers credit cards, invoice financing and commercial mortgages and other products, interest rates and specific terms vary depending on the product.

Danske Bank Loans and Funding Eligibility

Danske Bank’s financial products are only available to those over 18 and individual terms and conditions apply. No other eligibility criteria is available.

Danske Bank Loans and Funding Rates

There are no rates or fees available for Danske Bank products as these are agreed on at the application.

Danske Bank Loans and Funding Calculator

Danske Bank has no loans or funding calculators.

Danske Bank Loans and Funding Reviews

There are very few reviews for Danske Bank and they only feature on 2 of the leading customer review sites. Trustpilot reviews are fairly critical with 70% of reviewers scoring them as bad. Negative comments include that they are dissatisfied with high fees, service in-branch and the banking app. Positive comments include good customer service in-branch, the convenience of online banking and helpful business support.

Smart Money People reviews are more positive and tend to be written by personal customers rather than business customers. Comments include supportive staff, good customer service, easy to use app, good rates and great security.

Trustpilot – 2.9/5 (based on 10 reviews)
Google Reviews – no reviews
Reviews.co.uk – no reviews
Review Centre – no reviews
Smart Money People – 4.23/5 (based on 30 reviews)

How To Apply For A Danske Bank Loans and Funding?

If you want to apply for any of Danske Bank’s loans or funding products, you should call them on the following numbers:

  • Overdrafts, fixed and variable rate loans call 0345 850 9515
  • Asset finance call 07774 155306
  • Trade finance call 07718 153904

Pros

  • Offers a variety of loan products to suit a range of needs
  • Provides flexible loan products
  • Supports importers and exporters with international trading

Cons

  • Details about rates and eligibility are not transparent on their site
  • Mixed reviews on customer review sites
  • Reviews highlight that the app is dated

Website: Danske Bank Business Finance

Disclaimer: Businessfinancing.co.uk is a business finance and lending research and information website publisher. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. We can't recommend any of the products and/or services featured on the site. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.



Compare 50 UK Small Business Loans

Top 31 Unsecured Business Loans & UK Finance Options

Top 19 Start-Up Loans For New Businesses

Top 14 UK Business Accounts With Overdraft

Best Business Bank Accounts · Free Business Bank Accounts · Business Savings Accounts · Business Credit Cards
Blog · About Us · Contact US · Privacy Policy · Terms of Use
Copyright © 2025 BusinessFinancing.co.uk

Registered Office Address:
3rd Floor Great Titchfield House, 14-18 Great Titchfield Street, London, United Kingdom, W1W 8BD
Company number 10490224