Piirroskuva talosta

Take advantage of FlexiPayment

Most housing loans with Nordea include a feature that allows you to reduce or increase the monthly instalments on your loan or skip some of them altogether. Check your repayment schedule to see if you have FlexiPayment and adjust your monthly instalments conveniently in Nordea Mobile or Netbank without having to consult the bank!

FlexiPayment brings flexibility to loan repayment

Coffee cup and document - Small

You can decrease or increase the amount of your next instalment or take a payment holiday for a month without asking our permission for it.

Make changes to your loan instalment with FlexiPayment

Computer and mobile phone - Small

You can easily change the instalment amount in mobile bank or Netbank every month when the instalment appears in your upcoming payments.

Start using FlexiPayment whenever you like

Open book - Small

You can add FlexiPayment to a new loan as well as to an existing one. If you want to add FlexiPayment to your housing loan, you can easily apply for it online.

FlexiPayment provides flexibility in both directions

Building blocks - Small

If you pay a higher-than-normal instalment, it will increase your FlexiPayment capacity for your future needs.

Watch a video to see how FlexiPayment works

Oops! Accept Marketing cookies to view contents like this from Nordea

Using the free-of-charge FlexiPayment is the easiest way to take an instalment-free period.

  1. Check in Nordea Mobile or Netbank if FlexiPayment is attached to your loan. FlexiPayment allows you to have an instalment-free period right away. This information is included in your housing loan details, which you can view in Nordea Mobile or Netbank.
  2. If FlexiPayment is not attached to your loan, you can add it by applying for a change to your loan. 
  3. If neither of the above-mentioned options is suitable for you, you can apply for an instalment-free period for your loan. The easiest way to apply is to do it in Nordea Mobile or Netbank. We apply normal credit-granting procedures to FlexiPayment and instalment-free periods.

See more detailed instructions for instalment-free periods.

How to use FlexiPayment in mobile bank

  • You can see the next monthly payment of your loan in mobile bank 14 days before the due date, at the latest.
  • You can change the instalment by selecting ‘Payments’ and then ‘Upcoming’. You need to make the change by 23.00 on the day preceding the original due date of the repayment, at the latest. If the original due date of the repayment is on a Saturday and the debiting is automatically postponed until Monday, please note that you need to make the change by 23.00 on Friday. If the original due date of the repayment is on a Sunday and the debiting is automatically postponed until Monday, you need to make the change by 23.00 on Saturday.
  • Select the instalment you want to change and tap ‘Edit’.
  • Change the repayment amount and tap ‘Continue’. The app will tell you if the repayment amount is too small, after which you can edit the repayment amount.
  • To check the smallest possible repayment, select ‘Overview’ and then ‘Loans’ – from there you can select the loan you wish to edit this month. In the ‘Next payment’ details of the loan, ‘Minimum Flexipayment’ displays the mandatory minimum repayment amount.
  • Finally, please confirm the change. If you do not confirm the change, the monthly payment will not be paid.

How to use FlexiPayment in Netbank

  • You can see the next monthly payment in Netbank 14 days prior to the due date, at the latest.
  • You can change the instalment by choosing ‘Payments’ from the drop-down menu and then ‘Due payments and transfers’. You need to make the change by 23.00 on the day preceding the due date, at the latest.
  • Choose the instalment you want to edit and press the ‘Edit’ button.
  • Unconfirmed changes are shown in Netbank until the due date.
  • If you have entered the payment via the 'Change' link, but then decided to leave the payment as is, return by clicking the 'Cancel' button.
  • If you have clicked 'OK', remember to give the confirmation code - whether you changed the amount or not. Otherwise, the payment will not be paid at all.

How to use FlexiPayment in the new Nordea Netbank

  • You can see the next monthly payment of your loan in Nordea Netbank 14 days prior to the due date, at the latest.
  • You can check the FlexiPayment amount available to you by choosing the loan under Finances > Loans. The available amount is shown in the details of the next payment in the ‘Minimum FlexiPayment’ field.
  • To change the repayment, click ‘Overview’ from the top menu and then ‘Upcoming payments’ in the ‘Payment status’ box in the top right corner. You need to make the change by 23.00 on the day preceding the original due date of the repayment. If the original due date of the repayment is on a Saturday and the debiting is automatically postponed until Monday, please note that you need to make the change by 23.00 on Friday.
  • If the original due date of the repayment is on a Sunday and the debiting is automatically postponed until Monday, you need to make the change by 23.00 on Saturday.
  • Under your upcoming payments, click the three dots beside the monthly loan payment and select Edit.
  • Change the repayment amount and confirm the payment. 
  • When you are notified that the payments are confirmed, click OK.
  • If you first select Save, remember to confirm the change separately. If you do not confirm the change, the monthly payment will not be paid.

What is FlexiPayment?

  • The amount of FlexiPayment can be 5–10% of your loan amount. Example: You have a housing loan of 100,000 euros with a 10% FlexiPayment. With FlexiPayment, you can reduce or skip your instalments up to a total of 10,000 euros.
  • When you use FlexiPayment and skip an instalment, you only pay interest and a direct debiting fee or a contractual payment on your loan. In other words, with FlexiPayment you can only change the instalment amount.
  • The condition for adding FlexiPayment to your loan is that you have handled your banking well.
  • FlexiPayment is not available for loans that have a state guarantee (eg an ASP loan) or fixed interest.
  • If you have already used a part of your FlexiPayment and pay a higher-than-normal instalment, it will release more FlexiPayment for your future needs.
  • You can choose whether to only pay the interest and monthly fees or also the part of installment. You can also pay a higher-than-normal instalment.

FlexiPayment brings flexibility to loan repayment

  • You can decrease or increase the amount of your next instalment without asking the bank’s permission for it.
  • FlexiPayment is suitable for both long-term and temporary changes of monthly payments eg for the duration of your parental leave or summer holiday. 
  • You can easily change the instalment amount in mobile bank or Netbank every month when the instalment appears in your upcoming payments. 
  • You can add FlexiPayment to a new loan as well as to an existing one. 
    • If you want to add FlexiPayment to your housing loan, you can easily apply for it online.
    • If you want to add FlexiPayment to your secured consumer credti, olease call Nordea Customer Service.
  • If you are not sure if you already have FlexiPayment linked to your loan, you can check it in your loan details in mobile bank or Netbank.

Questions and answers about FlexiPayment and instalment-free periods