indó

1.36.0

indó

0.00

0 reviews

50,000+
Downloads

Free

indó is a savings bank!

50,000+ downloads

About indó

indó is a finance app developed by indó.

Download Statistics

indó has been downloaded 51 thousand times. In the last 30 days, the app was downloaded 610 times.

User Ratings

The app has no ratings yet.

App Information

indó is FREE to download. The APK download size is 51.83 MB. The latest version available is 1.36.0. The last update was on June 17, 2026.

Technical Requirements

The app has a content rating of Everyone. The app has been available on Google Play August 2023.

Description

indó is a savings bank and a new place for your money!

You shouldn’t have to pay to use your own money, and we don’t need to build glass palaces from your interest.

* Free transactions
* Better exchange rates
* No nonsense

It takes about one minute to sign up for indó. You’ll get a debit account and a debit card, which you can add to your digital wallet right away and start using indó.

In indó you can also:
* Pay bills and make transfers
* Save with savings jars
* Manage shared finances in “duet”
* See where your salary goes in your Spending overview
* Get loans

At indó, the following three loans are available:

A) Overdraft

A personal line of credit that is attached to your current account.

* Term: 12 months
* Interest rate: 14.25%
* Maximum APR: 15.45% ACT/365
* Loan setup fee: 0 ISK
* Other loan fees: 0 ISK

Example of loan and total cost:
You take an overdraft of 100,000 ISK for 12 months at 14.25% interest. There are no setup or additional fees. The APR is 15.45%. (Interest vs APR difference driven by ACT/360 vs ACT/365 calculation). You repay 100,000 ISK in principal and 14,250 ISK in interest.

B) The Last Grocery Basket

A small personal loan because some months are just tougher than others.

* Amount: 25,000 ISK
* Term: 61 days
* Interest rate: 0%
* Collection fee: 500 ISK. Fee issued on the 6th day of the coming month. Fee waived if paid prior to the 6th business day.
* Maximum APR: 12.6% ACT/365

Example of loan and total cost:
You take the loan of 25,000 ISK for 61 days at 0% interest. If the loan is not repaid by the 6th day of the coming month, a collection fee of ISK 500 is issued. The APR given the collection fee is 12.6%. You repay in 61 days 25,000 ISK in principal and a 500 ISK collection fee for a total repayment of 25,500.

C) indó loan
A traditional loan for whatever you need, whether it’s home renovations, a used car, a new bathroom, or those pesky unexpected expenses.

* Loan term: 12-60 months.
* Interest rate: 11.75%
* Maximum APR: 14.74%
* Loan setup fee: 1% of the loan amount
* Other loan fees: 0 ISK

Example of loan and total cost:
You take a loan of 500,000 ISK for 12 months. The interest rate is 11.75% according to ACT/360, and the legally defined Icelandic Annual Percentage Rate (APR) is 14.74% using ACT/365 calculation. The loan is repaid as follows:
* Month 1: 47,029 ISK (42,084 ISK principal, 4,945 ISK interest)
* Month 2: 47,220 ISK (42,083 ISK principal, 5,137 ISK interest)
* Month 3: 45,929 ISK (42,083 ISK principal, 3,846 ISK interest)
* Month 4: 45,792 ISK (42,083 ISK principal, 3,709 ISK interest)
* Month 5: 45,599 ISK (42,083 ISK principal, 3,516 ISK interest)
* Month 6: 44,871 ISK (42,083 ISK principal, 2,788 ISK interest)
* Month 7: 44,886 ISK (42,084 ISK principal, 2,802 ISK interest)
* Month 8: 44,006 ISK (42,083 ISK principal, 1,923 ISK interest)
* Month 9: 43,622 ISK (42,084 ISK principal, 1,528 ISK interest)
* Month 10: 43,360 ISK (42,083 ISK principal, 1,277 ISK interest)
* Month 11: 42,963 ISK (42,084 ISK principal, 879 ISK interest)
* Month 12: 42,029481 ISK (42,083 ISK principal, 398 ISK interest)

Total repayment is 537,758 ISK: 500,000 ISK principal + 32,758 ISK interest + 5,000 ISK (1%) setup fee.

----

indó sparisjóður hf. is a savings bank, licensed entity, supervised by the Central Bank of Iceland (https://cb.is/financial-supervision/regulated-activities/supervised-entities/) and a Visa card issuer

Recent changes:
Almennar betrumbætingar og lagfæringar

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More data about indó

Price	Free to download
Total downloads	51 thousand
Recent downloads	610
Rating	No ratings
Ranking	Not ranked
Version	1.36.0
APK size	51.8 MB
Number of libraries	?
Suitable for	Everyone
Ads	NO ads

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Common keywords of similar apps

Isk Act Savings Setup Collection Term Maximum Cost Day Debit Overdraft Calculation Repay Issued Coming Repaid Supervised Interest Loan Principal Month Fee Apr Months Rate Total Bank Fees Days Money Pay Account Card Loans Personal Amount Repayment

Keywords missing from this app

App Business Credit Instant Digital Tenure Processing Online Financial Cash Rs Quick Process Customer Lending Service Approval Offers Mobile Finance Payments Customers Kissht Kredivo Limited Toss Contact Rates Payment Emi

Downloads over time

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indó has been downloaded 51 thousand times. Over the past 30 days, it averaged 20 downloads per day.

Changelog of indó

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Developer information for indó

indó

hjalp@indo.is

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Comments on indó for Android

★★★★★ Héðinn Máni Sigurðsson · Dec 24, 2025

This app is absolutely very good and explains things in a clear and detailed manner, making it impossible not to understand what everything is and sometimes why it is. For example, I found the Capital Gains Tax information very useful. For the first time ever, I understood why, and this happens every time. This is something I didn't know and didn't bother to find out at my last bank.

★★★★★ Eduard-Andrei Teodorescu · Jul 28, 2025

Best banking app of Iceland, the equivalent to Revolut. Very nice design, law fees and super interactive ✌🏻

★☆☆☆☆ Ratthaphon Parasri · Mar 29, 2025

Bad I Count'snt get connect transfer coin at application Discreeter Coin Trade

Google Play Rankings for indó

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Technologies used by indó

13 permissions

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indó

indó is a savings bank!

About indó

Download Statistics

User Ratings

App Information

Technical Requirements

More data about indó

Alternative downloads for the indó app

indó compared with similar apps

Common keywords of similar apps

Keywords missing from this app

Downloads over time

Changelog of indó

Developer information for indó

Share indó

Comments on indó for Android

Google Play Rankings for indó

Technologies used by indó