Renovation loan - unsecured credit

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

Margin of the credit 2,9 – 8,9% is defined by the customer segment.  

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 8.0%.

General information

• You can have 2,000 - 50,000 euros of FlexiCredit.
• You can apply for a loan conveniently online or by calling us whenever it suits you best.
• You can apply for a loan online with Nordea's access codes or with other banks' online banking codes. The money will be paid to your account after you have been granted the loan (Mon - Sun 7.00 - 22.30).
• When you apply for a loan online, you can get a loan decision immediately after you have filled in the loan application. At a branch, you will get a loan decision during your visit, and if you call Nordea Customer Service, you will get a loan decision during the call.
• The interest consists of the reference rate (3 month Euribor) and margin. In addition, the account management fee is charged monthly.
• As FlexiCredit is an unsecured one-off loan, you do not need any separate security.
• The repayment schedule can be adjusted according to your life situation.
• You will find detailed information on the credit on the Standard European Consumer Credit Information form.
• The credit is granted by Nordea Finance Finland Ltd.

Existing customer  – Apply for a loan in Netbank 

1. Log into Netbank with the code app.
2. If you are on the Netbank home page, go the Loans tab.
3. Fill in the loan application and send it.
4. You will receive the credit decision quickly, and after a favourable decision the money will be paid right away to the Nordea account you have indicated to us.

New customers – Become a customer online 

1. Become a Nordea customer by filling in an application online.
2. As soon as your application is approved, you will be given access to the code app and a bank account. Now you can fill in a loan application in Nordea's Netbank.
3. You will receive the credit decision quickly, and after a favourable decision the money will be paid right away to the Nordea account you have indicated to us.

Repayment of FlexiCredit

• The repayment schedule of FlexiCredit is flexible and you can adjust the monthly payment to your payment capacity. 
• You can choose to receive paperless e-invoices.
  
• Nordea Customer Service will assist you in invoicing matters Mon-Fri 8.00 - 18.00.
• You can also view your FlexiCredit details in Netbank.
• You will repay the credit monthly in equal payments.
  
• There is an option for two instalment-free months per year. You can choose any month to be instalment-free as long as they are not successive.
• The minimum loan period for FlexiCredit is 1 year and the maximum 5.5 years. You can, however, pay extra instalments or repay the entire credit any time.
• You can also apply for a credit raise if you need more credit later. We will draw up a new repayment schedule for the raised amount.

Terms and conditions

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

Further information in the agreement terms and conditions of FlexiCredit

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