What Are the Requirements for Using Pay & Split?

The minimum amount for a transaction to be split is 20,000 ISK, and you can split multiple transactions up to a maximum of 250,000 ISK.

To be eligible for Pay & Split, you must:

• Be 25 years old or older.
• Have an Icelandic national ID (kennitala) that is at least three years old.
• Be a resident of Iceland.
• Have a credit rating of A1-B2 (or C1 if you're sharing additional data) according to Credit Info.
• Be in good standing with other loans you have taken with indó.
• Have been employed for three months
• Have a salary higher than 325,000 ISK after tax