FlexiCredit – apply for a loan without collateral

As a Nordea customer, you can apply for a FlexiCredit of 2,000–50,000 euros to meet your various needs. FlexiCredit is a convenient solution when you want to realise your plans and need unsecured credit right away. You don’t need any collateral for the credit, applying for it is easy and you will get the credit decision quickly.

Three reasons to apply for FlexiCredit from Nordea

  1. Applying is easy. FlexiCredit is easy to apply for and your application will be handled swiftly. You can apply for the credit directly online using your Nordea access codes, and once it’s granted, it will be paid immediately to your bank account (Mon–Sun 7.00–22.30). You don’t need any collateral for FlexiCredit and it will be granted to you without an opening fee.
  2. Nordea FlexiCredit is fair. The price and terms and conditions of FlexiCredit are competitive. We will only grant you a loan that you can manage to pay back. The loan period for FlexiCredit is 1–5.5 years and it is repaid monthly in equal instalments on the due date of your choice. The loan period can be adjusted to your repayment ability. However, you can pay extra instalments or repay the entire credit at any time without any additional fees.
  3. The credit is flexible. You can easily adjust the repayment schedule for FlexiCredit in Nordea Mobile at any time. In addition, you are allowed two instalment-free months a year. The instructions for adjusting FlexiCredit are available here.

Get the benefits of FlexiCredit!

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Pricing of FlexiCredit

Premium CustomersHome loan customersOther Nordea customers
Opening feeEUR 0.00EUR 0.00EUR 0.00
Account management feemax. EUR 12.50 per monthmax. EUR 12.50 per monthmax. EUR 12.50 per month
Interest rate margin2.90 %5.90 %8.90 %
Reference rateEuribor 3 kkEuribor 3 kkEuribor 3 kk
Annual percentage rate of charge, example calculationExample calculation for Premium CustomersExample calculation for home loan customersExample calculation for other customers
Calculations for FlexiCredit drawn down after 1 September 2019.

Your price for FlexiCredit

You will see your price on the FlexiCredit application. Before sending us the credit application, we will show you the itemised costs of FlexiCredit based on the details you have filled in. Filling in the application does not commit you to anything – you can send it if you feel FlexiCredit is suitable for you.

Check your price

You will see your price on the FlexiCredit application.

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Unsecured FlexiCredit – Frequently asked questions

Do you have any questions about FlexiCredit? See our FAQ page for more information about unsecured FlexiCredit.

Frequently asked questions about FlexiCredit

Prices

Reference rate and prices

Most common prices for consumer credits from 1.9.2019.

Benchmark interest rate 3-month Euribor (quoted on the first banking day of the month in which the credit application is signed)

The credit margin is 2.9–8.9%, depending on the customer’s total banking volume. 

Reference rate and prices
ItemisationPrice

Margin, normal price

Margin, mortgage customers

Margin, Premium customers

8,90 %

5,90 %

2,90 %

Opening fee0,00 €
Raising fee0,00 €
Account management fee0,01% per day calculated from granted credit, max. 12,50 € per month
Costs for written statements17 €/every beginning hour
Copies of receipts and invoices per copy10,00 €
One-time change of due date after billing5,00 €
Permanent change of due date5,00 €
Balance or interest statement on request10,00 €
Payment reminder5,00 €
Prices before 1.9.2019
Terms and conditions
Consumer credit
Example calculation

Reference rate and prices

Most common prices for consumer credits from 1.9.2019.

Benchmark interest rate 3-month Euribor (quoted on the first banking day of the month in which the credit application is signed)

The credit margin is 2.9–8.9%, depending on the customer’s total banking volume. 

Reference rate and prices
ItemisationPrice

Margin, normal price

Margin, mortgage customers

Margin, Premium customers

8,90 %

5,90 %

2,90 %

Opening fee0,00 €
Raising fee0,00 €
Account management fee0,01% per day calculated from granted credit, max. 12,50 € per month
Costs for written statements17 €/every beginning hour
Copies of receipts and invoices per copy10,00 €
One-time change of due date after billing5,00 €
Permanent change of due date5,00 €
Balance or interest statement on request10,00 €
Payment reminder5,00 €

Reference rate and prices before 1.9.2019

Reference rate and prices for loans issued before 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).

Prices before 1.9.2019
ItemisationPrice
Opening fee, credit amount EUR 2,000–5,000125,00 €
Opening fee, credit amount EUR 5,001–12,000175,00 €
Opening fee, credit amount over EUR 12,000200,00 €
Opening fee, credit amount over EUR 25,000300,00 €
Account management fee per month, automatic debiting4,50 €
Account management fee per month, e-invoice4,50 €
Account management fee per month, without automatic debiting7,00 €
Copies of receipts and invoices per copy10,00 €
Raising fee100,00 €
Lengthening of repayment time, over 14 days5,00 €
Balance or interest statement on request10,00 €
Payment reminder5,00 €

Standard European Consumer Credit Information

To make comparing easier, the applicant has the right to receive the key information on the credit on a Standard European Consumer Credit Information form before signing the credit agreement. The information on the form may be calculated with the details given by the customer or on typical values. The form on this page is calculated with typical values, which means that a typical euro amount for this credit type is applied.

The form specifies the lender's contact information, the main features of the credit product, the costs, other important legal aspects and, if needed, the additional information required for distance selling. The information on the form may be binding or unbinding on the lender. A binding form requires a positive credit decision. 

You will find detailed information on the credit on the Standard European Consumer Credit Information form (pdf, 142 KB)Opens new window

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 8.5% and a 74-month loan period, the annual percentage rate of charge on a FlexiCredit of 5,000 euros is 14.2% (December 2019). The total sum of the credit and credit costs is 7,366,66 euros and the number of loan payments is 74. 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 5.5% and a 67-month loan period, the annual percentage rate of charge on a FlexiCredit of 5,000 euros is 11.3% (December 2019). The total sum of the credit and credit costs is 6,664,76 euros and the number of loan payments is 67. 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 2.5% and a 61-month loan period, the annual percentage rate of charge on a FlexiCredit of 5,000 euros is 8.3% (December 2019). The total sum of the credit and credit costs is 6,097,56 euros and the number of loan payments is 61. 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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