How to Apply for a Froda Loan for Business Users
Here is a step-by-step guide on how to apply for a Froda loan through Lunar Business:
Open a Lunar Business Account
If you don’t already have a Lunar Business account, apply for one via the Lunar app.
Apply for a Froda Loan
Once your Lunar Business account is active, you can apply for a Froda loan directly in the Lunar app. Press the “Search” function at the top right corner, scroll down, and select Froda.
Receive a Loan Offer Instantly
Froda will provide you with a loan offer immediately after your application, based on your last 6 months’ account activity.
Accept the Loan Offer
If you choose to accept the offer, Froda will typically get back to you with a confirmation message within 24 hours.
Approval and Disbursement
Once the loan is approved, the funds will be deposited into your account on the next weekday.
Note: This loan is offered by Lunar in partnership with Froda, and through Lunar Business, you can apply for a loan of up to DKK 1,000,000.
Good to Know
If you wish to repay the entire loan before its term ends, you can contact support, who will assist you with the process.