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Consolidation of debt

Nordea customer, have you taken out one or more consumer loans from another financial institution? It might be a good idea to combine your separate loans into a single loan, namely a consolidation loan.

Fill in the loan application
Debt consolidation calculator

Why it pays off to consolidate your debt

  1. Our competitive price will save you money. As a Nordea customer, you can combine all of your consumer loans and instalment and credit card debt from other providers into a single loan, namely a consolidation loan. When you consolidate your loans you will save on ongoing costs, as you only pay the expenses for one loan. Try the debt consolidation calculator, and it will tell you if you could save money in total cost or monthly payments.
  2. Consolidating your loans is easy. Are you interested in this service? Fill in the loan application. If we can grant you the loan, we will consolidate the loans for you!
  3. Flexibility for your finances. You can manage your new credit easily in Nordea’s Netbank and mobile bank. You can change your repayments and you have the possibility of taking two instalment-free months a year.

See how easy it is to transfer your debts

Kitchen renovation with consumer credit, new phone paid for in instalments. Many of us take out credit almost without noticing it when we shop for new items, even though it’s obvious we could get a more flexible and more sensible loan from our own bank. That’s why we have made it easy for you to transfer all your debt to Nordea.

1. Fill in the loan application

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Fill in the loan application, select debt consolidation and we will contact you.

2. Information on your credit

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Please send us an image of the invoice for your credit or instalment debt.

3. Credit decision

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If we can grant you a loan, we will pay off your old debt.

4. More flexible finances

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One sensible and flexible loan with your own bank. 

Debt consolidation - FAQ

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 11,95% and a 139-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 15,7% (April 2023). The total sum of the credit and credit costs is 16 671,54 euros and the number of loan payments is 139. 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 8.95% and a 110-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 12,6% (April 2023). The total sum of the credit and credit costs is 13 196,54 euros and the number of loan payments is 110. 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 5.95% and a 94-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 9.6% (April 2023). The total sum of the credit and credit costs is 11 228,50 euros and the number of loan payments is 94. 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.

I want to consolidate my debts!

Fill in the loan application and we will contact you about debt consolidation.

Fill in loan application

Personal customers

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