What does it mean to transfer your debt?

When you use our debt consolidation service we combine your previous debt from elsewhere and transfer it into one loan at Nordea. Read more about how the debt consolidation service works

Is the debt consolidation loan a non-collateral loan?

Yes. The loan is granted as Nordea's FlexiCredit, which is a non-collateral consumer loan. Read more about FlexiCredit

Who can use the debt consolidation service?

In order to use the debt consolidation service you have to be a Nordea customer, live permanently in Finland, be permanently employed or retired and have no registered payment defaults.

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Calculate an unsecured debt consolidation loan

When you take out a debt consolidation loan, we pay off your existing loans and replace them with a single new loan. Our debt consolidation loan is granted as Nordea FlexiCredit. This loan is available only to Nordea customers. Interest rate and margin:

3-month Euribor + 2.90% for Premium Customers
3-month Euribor + 5.90% for home loan customers
3-month Euribor + 8.90% for other Nordea customers

How the calculator works

The calculator combines the loan details you enter and calculates an indicative monthly payment.
You can select “I’m a Nordea home loan customer” or “I’m a Nordea Premium customer” under “Are you a Nordea customer?”.
You’ll see the total cost of your loan on the loan application.

Fees for the consolidation loan

Our debt consolidation loan is granted as FlexiCredit, which is an unsecured loan.
Opening fee 0 euros.
Account management fee 12.50 euros at maximum.
Interest rate for Premium Customers 3-month Euribor + 2.90%.
Interest rate for home loan customers 3-month Euribor + 5.90%.
Interest rate for other Nordea customers 3-month Euribor + 8.90%.

Consolidation loan

What does it mean to transfer your debt?: When you use our debt consolidation service we combine your previous debt from elsewhere and transfer it into one loan at Nordea. Read more about how the debt consolidation service works
Who can use the debt consolidation service?: In order to use the debt consolidation service you have to be a Nordea customer, live permanently in Finland, be permanently employed or retired and have no registered payment defaults.
Is the debt consolidation loan a non-collateral loan?: Yes. The loan is granted as Nordea's FlexiCredit, which is a non-collateral consumer loan. Read more about FlexiCredit

Example calculation

Calculation for consumer credits issued after 1.9.2019.

Nordea's FlexiCredit is a one-off loan and its interest is the 3-month Euribor quoted on the first banking day of the month in which the credit application is signed + a margin of 8.9%. With a nominal interest of 10.917% and a 76-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 15.0% (October 2025). The total sum of the credit and credit costs is 12,104.73 euros and the number of loan payments is 76. The opening fee for the loan is 0 euros. The calculation includes a monthly account management fee of 12.50 euros in the case of automatic debiting.

For Nordea's mortgage customers:

Nordea's FlexiCredit is a one-off loan and its interest is the 3-month Euribor quoted on the first banking day of the month in which the credit application is signed + a margin of 5.9%. With a nominal interest of 7.917% and a 68-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 11.8% (October 2025). The total sum of the credit and credit costs is 10,826.70 euros and the number of loan payments is 68. The opening fee for the loan is 0 euros. The calculation includes a monthly account management fee of 12.50 euros in the case of automatic debiting.

For Nordea's Premium customers:

Nordea's FlexiCredit is a one-off loan and its interest is the 3-month Euribor quoted on the first banking day of the month in which the credit application is signed + a margin of 2.9%. With a nominal interest of 4.917% and a 62-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 8.7% (October 2025). The total sum of the credit and credit costs is 9,861.49 euros and the number of loan payments is 62. The opening fee for the loan is 0 euros. The calculation includes a monthly account management fee of 12.50 euros in the case of automatic debiting.

FlexiCredit is provided under the normal credit terms and conditions by Nordea Finance Finland Ltd, Aleksis Kiven katu 9, Helsinki, FI-00020 NORDEA.

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