What is responsible lending?

Comparable interest rate and clear terms and conditions

The interest rate on our consumer loan is based on your individual circumstances and your overall banking volume with us. The final rate is also influenced by market conditions, which is why it’s worth comparing the costs of your loans to see whether a single loan with your own bank would be cheaper than several smaller ones.

We explain all fees, rates and terms and conditions clearly in advance. There are no hidden charges and no surprises.
We work out a loan amount you can comfortably afford to borrow.
You can adjust your repayment plan yourself to reflect changes in your life. If your circumstances change, you’re also always welcome to speak with us – we’re here for you.

How we ensure responsible lending

Your loan is tailored to your repayment ability, so you can sleep easy knowing you haven’t borrowed more than you can afford.
Fixed monthly instalments make it easier to plan your finances.
We are available to support you throughout the loan period.
You can apply for a loan conveniently in Nordea Mobile or Netbank whenever it suits you.
We offer comparable interest rates and terms and conditions.

How can I make sure a loan is right for me?

We always start with a thorough review of your financial situation. We look at your income and expenses to make sure that the loan amount you apply for and the loan period are right for you. We also check the positive credit register for any loans you may have with other providers.

Your loan amount should reflect your genuine needs. It’s also important to find the right balance in the loan period: a shorter period means higher monthly payments, while a longer period increases the total cost of the loan.

With our loans, you can usually adjust your repayment schedule later if your needs change.

Do you want to combine your loans?

Nordea customers can transfer debts into one consolidation loan with our debt consolidation service. Read more!

Frequently asked questions about consumer loans

What is the difference between secured and unsecured loans?

You always need collateral for a secured loan. Assets that can serve as collateral include your home, an investment property or other assets, such as deposits. If you apply for a secured loan with us, the minimum amount you can borrow is 15,000 euros and the loan period is 1 to 20 years.

An unsecured loan doesn’t require any collateral from you. Nordea FlexiCredit is an unsecured loan available from 2,000 euros to 50,000 euros. FlexiCredit is granted for a period of 1 to 8 years.

What can a consumer loan be used for?

A consumer loan can be used for a wide range of purposes, such as home improvements, buying a car, study-related expenses or unexpected costs. The most important thing is that the loan meets a genuine need and is not taken out on a whim.

Can I pay off my consumer loan early?

Yes, you can. Early repayment is always possible with no additional charges. You’re free to pay off your loan in full or in part at any time.

FlexiCredit is a flexible loan without security