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Loan at the end of the month

Some months are harder than others. If you are on a tight budget, we can help you make ends meet with a short-term loan at the end of the month at no cost to you. We believe that no one should have to take out an expensive loan for the last grocery basket of the month. The loan is available from the 25th of each month and since we know that there are only a few days until you get paid, we can offer you a 25,000 ISK loan free of charge. The loan is automatically repaid after the end of the month when there is enough money in the account.

How does it work?

Short free loan

Some months are more difficult than others, and sometimes it's hard to make ends meet. We believe that one should not have to take an expensive payday loan for the last grocery cart in the month - and we can offer a short, free loan if we know that it will be paid back in a few days.

Repaid automatically

You don't have to worry about repaying the money - it’ll be repaid automatically when money gets transferred to your account.

That way you don't have to postpone repaying the loan. This works just like getting a little advance on the salary a few days earlier - like in the good old days.

You can get a 25,000 ISK loan each month

You can get a 25,000 ISK loan from the 25th of each month until the beginning of the next month. You apply by clicking on the "loans" button at the top right of the homescreen.

You don't have to have a formal salary account at indó

You don't have to receive your salary directly into your indó account from your employer. We just need to see that there has been a regular deposit resembling a salary payment at the beginning of the last three months.

We really just need to trust that money will come in around the end of the month to collect the loan back.

See prepaid salary terms