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 8.0%. With a nominal interest of 7.67% and a 60-month loan period, the annual percentage rate of charge on a FlexiCredit of 5,000 euros is 11.3% (February 2019).
The total sum of the credit and credit costs is 6,436 euros and the number of loan payments is 60. The calculation includes an opening fee of 125 euros and a monthly account management fee of 4.50 euros in the case of automatic debiting.
The annual percentage rate of charge depends on the loan amount, the repayment method and the loan period. The annual percentage rate of charge on FlexiCredit may be 8,5 % at minimum and 32.8% at maximum.
FlexiCredit is provided under the normal credit terms and conditions by Nordea Finance Finland Ltd, Aleksis Kiven katu 9, Helsinki, FI-00020 NORDEA.