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Unsecured loan

No collateral, such as a property or savings, needed

Flexible features

Use our self-service tools to top up your loan or apply for a payment holiday

Customer benefits

A lower margin for our home loan customers and Premium Customers

FlexiCredit – an unsecured loan for many purposes

An unsecured loan is a loan for which you don’t need collateral. You can apply for a loan without collateral to make a single major purchase or many smaller ones. What is great about unsecured loans and consumer credit is that you can easily apply for them online and adjust them to your specific needs and financial situation.

With FlexiCredit, you can borrow between 2,000 and 50,000 euros with a repayment period of 1–8 years. 

You can easily adjust your repayment schedule in Nordea Mobile or Netbank. If you, for example, need a payment holiday, you have two instalment-free months available to you per year.

Here’s how you can manage your FlexiCredit

Time to upgrade your sauna?

Man is walking to the beach with girl and boy - small

Nu ska vi bada bastu! FlexiCredit is also a good option if you want to borrow money for a sauna upgrade. Since you already have a home loan with us, you get FlexiCredit at a lower margin of 5.9% (regular margin 8.9%).

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Secured loans also available

If you have a home or other assets to put up as collateral, you might also consider taking out a secured loan. Secured loans are ideal for making major purchases of over 15,000 euros.

Read more about secured loans

How to apply for an unsecured loan alone or together with another person

You can easily apply for FlexiCredit in Nordea Mobile or Netbank. If you apply for FlexiCredit together with another person, we will always contact your co-applicant as well.

We will process your FlexiCredit application quickly. In most cases, you will get the decision instantly or in a few days at the latest. If we need additional information, we will contact you.

Apply for FlexiCredit online

Am I eligible for FlexiCredit?

You can apply for FlexiCredit if you:

  • are a Nordea customer and have Nordea access codes
  • are at least 18 years old
  • have a regular income
  • have a clean credit record
  • live permanently in Finland.

Need to top up your FlexiCredit?

Top up your existing loan easily in Nordea Mobile or Netbank

How do you identify a good loan?

Read how you can compare the costs and features of different loans

Try our debt consolidation loan calculator

Can I save money by consolidating my debts?

FlexiCredit interest rate and pricing

The interest rate on FlexiCredit consists of the reference rate (3-month Euribor) and a margin. The margin is 2.9–8.9% depending on the range of your services with us.

You can see the interest rate, including your margin and the reference rate (3-month Euribor), on the FlexiCredit application. Before you submit the application, we will show you a breakdown of the costs of FlexiCredit based on the details you have filled in. Filling in the application does not commit you to anything – you can submit it if you feel FlexiCredit is suitable for you.

FlexiCredit interest rate and pricing
Premium CustomersHome loan customersOther Nordea customers
Interest rate margin2,90 %5,90 %8,90 %
Reference rate3-month Euribor3-month Euribor3-month Euribor
Opening fee0,00 €0,00 €0,00 €
Annual percentage rate, example calculationExample calculation for Premium CustomersExample calculation for home loan customersExample calculation for other customers

Calculations for FlexiCredit drawn down after 1 September 2019.

The account management fee is no more than 12.50 euros a month. We don’t charge an opening fee, and you can also apply to top up your loan and make changes to your repayment schedule free of charge.

See our full tariff for FlexiCredit

Frequently asked questions about FlexiCredit

Check your price

You will see your price on the FlexiCredit application.

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Prices
Prices before 1.9.2019
Terms and conditions
Consumer credit
Example calculation

FlexiCredit – Rates and prices

Most common fees related to consumer loans drawn down after 1 September 2019

The reference rate is the 3-month Euribor (when the credit relationship is established, the value of the reference rate is determined according to the quotation 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 (margins valid as of 16 January 2020).

0,01% per day calculated from granted credit, max. 12,50 € per month17 €/every beginning hour
Rates and prices
ItemPrice

FlexiCredit margin, normal price

FlexiCredit margin, home loan customers

FlexiCredit margin, Premium Customers

8.90 % 

5.90 %

2.90 %

Opening fee0,00 €
Raising fee
0,00 € 
Account management fee0,01% per day calculated from granted credit, max. 12,50 € per month
Costs of written investigations17 €/every beginning hour
Copies of receipts and invoices, per copy
10,00 €
Change of due date if the invoice has already been generated0,00 €
Change in repayment schedule
0,00 €
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 days0 €
Balance or interest statement on request10,00 €
Payment reminder5,00 €

Terms and conditions

FlexiCredit is granted on normal credit terms. You are eligible for FlexiCredit if you are 18 years or older, live permanently in Finland, have regular income and a clean credit report.

Further information in the agreement:

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

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 11.36% and a 78-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 15.5% (March 2025). The total sum of the credit and credit costs is 12,354.70 euros and the number of loan payments is 78. 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 8.36% and a 69-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 12.2% (March 2025). The total sum of the credit and credit costs is 11,001.46 euros and the number of loan payments is 69. 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 5.36% and a 63-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 9.1% (March 2025). The total sum of the credit and credit costs is 9,997.47 euros and the number of loan payments is 63. 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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