How can I change the repayment schedule of my loan?

Let us know if your situation has changed

If your situation in life has changed so that you cannot pay your invoice or credit, contact us or your other creditors in good time. This way you will avoid high default and collection costs. Usually you can agree on a revised repayment schedule.

Companies and banks value customers who will contact them in time if they need payment arrangements. This way you can also avoid negative entries in your credit history.

Collection and execution proceedings

When a borrower fails to pay, the creditors will first send reminders. If the borrower does not react to them, the creditor can transfer the matter to a collection agency, which will send collection letters to the borrower.

The total sum of the invoice will increase because the borrower also has to pay the default and collection expenses. If the parties cannot reach an agreement on payment, the next stage will be execution proceedings based on a district court's judgement.

Payment default to credit history

If you fail to pay a debt or an invoice, the default will be registered in your credit history. The entry will remain there for 2-5 years. A bad credit history will make your life more difficult in various ways.

Your credit history will usually be checked when you apply for a bank loan, a credit card, a hire purchase contract and even a new job or a rental flat.

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Travel credit

Travel fever?

A beach vacation or why not travel around the world? Apply for a loan that suits your need and book a trip!

Car loan

Car fever?

Buying a new or a used car? Apply for a loan that suits your need and go to the car dealer!

Holiday home loan

You already have a barbecue. Only the holiday home is missing.

Looking for a holiday home? Apply for a loan that suits your need and make your holiday home dream come true!

Student loan

A student loan allows you to focus on studies.

A student loan will make your life easier. After getting a loan decision, you can focus all your energy on studies.

Garden loan

Barbecue fever?

Need a new terrace, lawnmower or paving slabs for your garden? Apply for a loan that suits your needs and make your dream garden come true!

Renovation credit

Renovation fever?

Interior decoration, a new kitchen or a room for your child? Apply for a loan that suits your need and make your home look better!

Home decoration loan

Decoration fever?

Are you decorating your home or updating the entertainment electronics? Apply for a loan that suits your need and make your home look better!

Boat loan

Boat fever?

Are you thinking of buying a new boat or trading in your old one? Apply for a loan that suits your need and make your boat dream come true.

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HomeFlex

Large purchases with a small monthly payment

Is your home in need of refurbishing or is your housing company planning to renovate its plumbing? HomeFlex will free up your home equity so that you can realise your.

FlexiCredit

Realise your plans with FlexiCredit

The credit amount can be from 2,000 euros up to 25,000 euros, so it suits both small and larger purchases. You can use the money any way you like: for a car, a boat, home improvement, furniture or a trip abroad.

Credit cards

Credit card for everyday purchases

Credit card for everyday purchases in Finland and abroad. A credit card allows you to adjust your monthly expenses. Read more about our wide range of cards!

Secured consumer credit

Planning large purchases?

A secured consumer credit is a flexible and inexpensive solution when you are planning to buy a car, a boat or a caravan or to make some other larger one-off purchase.

Student loan

A student loan allows you to focus on studies.

A student loan will make your life easier. After getting a loan decision, you can focus all your energy on studies.

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Insurance

You always get an appropriate insurance.

Nordea If Insurance helps handle surprising situation in everyday life.

Advice on loans and credits

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A consumer credit gives flexibility to your finances

Choosing Nordea for all your banking will be worth your while.

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Draw up a financial plan

You can balance your finances by calculating your regular income and expenses.