Credit limit

Screenshot from Landsbankinn's app

Use your credit lim­it as you see fit

How does the credit limit work?

Your credit limit allows you to take out a short-term loan or set authorisations at your convenience. You can divide it between overdraft, credit cards and Aukalán loans as you see fit.

What affects my credit limit?

The credit limit is calculated separately for each customer. It is based on an automated assessment that takes your financial and business history into account and can change from one month to the next.

Savings and moderate debts have a positive effect on the rating while defaulted payments have a negative effect. To maintain a positive rating, it is important that liabilities are in line with payment capacity and that instalments on loans are paid on time.

You can apply for a temporary credit limit increase in the app.

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Applying for access to online banking and the app, creating an account and getting a debit card is a matter of minutes.


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