FlexiCredit

FlexiCredit is a convenient solution when you want to realise your plans and need unsecured credit without any hassle. FlexiCredit is an unsecured loan that you can adjust to your current circumstances. You will get a credit decision quickly and the money will be paid to your account right after the credit is granted.

FlexiCredit – unsecured credit for life’s ups and downs

  • You can get credit from 2,000 euros up to 50,000 euros without a separate opening fee.
  • You can apply for FlexiCredit directly online, using your Nordea online access codes.
  • The FlexiCredit will be paid to your account right after your credit application is approved (Mon–Sun 7.00–22.30).
  • FlexiCredit is granted for a period of 1–5.5 years. You can, however, pay extra instalments or repay the entire credit at any time without any additional fees. 
  • You will repay the loan monthly in equal payments on the due date of your choice. The loan period can be adjusted to your repayment ability. 
  • There is an option for two instalment-free months per year.
  • FlexiCredit can be granted to one or jointly to two applicants aged 18 or over. If the credit is applied for by two persons, please call Nordea Customer Service, tel. 0200 70 000, in order to make a credit application.

FlexiCredit enables you to consolidate your consumer loans from other financing companies and to make Nordea your main financer. You can apply for the consolidation with our FlexiCredit application.

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Apply for FlexiCredit online

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Applying for FlexiCredit, raising the credit limit or consolidating consumer loans

Applying for FlexiCredit or raising the credit limit is easy online. With the online application, you can also apply for the consolidation of your consumer loans.

Applying for a new FlexiCredit

You can apply for FlexiCredit without any hassle through Nordea’s self-service channels..

  1. Use our FlexiCredit calculator to find out the most suitable credit amount for your finances.
  2. Sign in to the credit application with your online banking codes at Nordea.fi or in Nordea Netbank or Nordea Mobile.
  3. Fill in the FlexiCredit application and send it.
  4. You will receive the credit decision quickly, and the money will be paid right away to your account.

Raising an existing FlexiCredit limit

You can apply for a raise to your FlexiCredit through Nordea’s self-service channels if you can see the ‘Raise credit’ link in connection with your current FlexiCredit. If the link is not shown, you can apply for a raise by calling Nordea Customer Service.

Flexible repayment schedule

FlexiCredit, like its name implies, is a flexible form of credit. You can always keep track of your credit in Nordea Netbank and Nordea Mobile.

  • The repayment schedule is flexible and you can change the monthly payment according to your repayment capacity.
  • You will repay the credit monthly in equal payments. You can choose the monthly due date that is best for you.
  • There is an option for two instalment-free months per year. You can choose any two months to be instalment-free as long as they are not consecutive months. 
  • The minimum loan period for FlexiCredit is 1 year and the maximum is 5.5 years. If you wish, you can pay extra instalments or pay back the entire credit in one go. You will incur no additional fees for repaying the credit early.
  • You can also apply for a credit raise if you need more FlexiCredit later on. We will set a new repayment schedule for the raised amount.

Changes to FlexiCredit

  • Raising your existing FlexiCredit
    Tap or click the ‘Raise credit’ button in Nordea Netbank or Nordea Mobile.
  • Instalment-free months for a new loan 
    Select the months when applying for credit.
  • Instalment-free months and a change of the monthly payments* and due date** for an existing credit - make the changes easily in Nordea Mobile or by calling Nordea Customer Service
  • Extra repayment
    You can make an extra repayment by using the account number and reference number on your invoice.

These changes are free of charge.

*Reductions of the monthly payment are subject to a fee set in our tariff ( 5.00 euros).

** Subject to a fee (EUR 5.00) if your next invoice has already been created.

Further details, terms and conditions and our tariff are available hereOpens new window.

Apply for FlexiCredit online

Apply now for FlexiCredit 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.

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

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, 63 KB)Opens new window

What will FlexiCredit cost for you?

Make your own loan calculation