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For financing larger purchases
A secured consumer credit is flexible and inexpensive solution when you are planning to buy a car, a boat or a caravan or to make some other larger one-off purchase.
Features
As security for your loan, you can use your home equity or other available security. We will negotiate the repayment schedule, monthly payment and due date together - according to your wishes and life situation.
Application
You can apply for a secured loan by calling Nordea Customer Service. We will go through your loan application together, so please allow time for this. You will need to provide information about your job and income as well as security in your application.
Security
Any security for your loan must be accepted by the bank. You can place your home or holiday home as security, for instance. If you are looking to borrow money without security, read more about our unsecured FlexiCredit.
Loan features
Secured consumer credit is a great choice for you if you need to borrow more than 10,000 euros. The loan period may be 20 years at maximum. If you have the FlexiPayment feature connected to your loan, you can change the amount of your next loan repayment no questions asked. Your loan costs will comprise loan interest, which consists of a reference rate and a margin, and a monthly contractual payment. To secure the repayment of your secured loan, you can opt for interest rate hedging or take out a MyLife insurance policy. With Nordea MyLife personal insurance, you can secure the repayment of your loan even if your income level decreased due to unemployment, disability or a serious illness, for example.
Read more
Most common prices for secured consumer credits
Prices for loans issued after 1 September 2019.
| ITEMISATION | PRICE |
|---|---|
| Advance notice of loan debiting by letter or through Netbank | |
| Monthly agreement fee
| |
| Payment reminder to borrower, guarantor or third-party pledger (per reminder) | |
| Transfer of a loan to another bank upon customer's request. Charged to the receiving bank.* | |
| Certificates requested by the customer stating the amount of debt and paid interest (incl. postage) | |
| *) Does not apply to loans intermediated from government funds.
|
Most common prices for secured consumer credits which are issued before 1.9.2019.
| ITEMISATION | Price |
|---|---|
| Arrangement fee* | 0,4 % minimum 300 € |
| Arrangement fee, Check-in-Customer* | 200 € |
| Arrangement fee on the loan guaranteed by Takuusäätiö (Guarantee Foundation)
| 2,00 % |
| Increased arrangement fee when a loan is secured by third-party pledge or a guarantee. | 100,00 € |
| Partial drawdown | 30,00 € |
| Automatic debiting of a loan payment / per withdraw | 2,30 € |
| FlexiPayment for consumer credit. Including in FlexiPayment to an existing credit always requires automatic debiting of loan payment, which is subject to a fee in accordance with the bank's tariff. | 0,00 € |
| Advance notice of loan debiting by letter or through Netbank | 0,00 € |
| Loan payment, paper invoice | 4,10 € |
| Payment reminder to borrower, guarantor or third-party pledger (per reminder) | 5,00 € |
| Change in repayment schedule, if loan is secured by an apartment | 200,00 €
|
| Change of due date or loan servicing account (Minor change of the repayment schedule) | 40,00 € |
| Change of debtor or one of the debtors assumes liability for the loan alone. ** | 200,00 € |
| Change of the applied interest or margin, change in repayment schedule if loan is secured by a home. | 200,00 € |
| Obtaining a guarantor's or pledge owner's consent to amend the loan terms, such as the repayment schedule or reference rate | 35,00 € |
| Transfer of a loan to another bank upon customer's request. Charged to the receiving bank. ** | 120,00 € |
| When a credit document is sent to another bank for getting a guarantee or a signature, the debtor is charged, per sending. (incl. moms 24 %). ** | 30,00 € |
| Certificates requested by the customer stating the amount of debt and paid interest (incl. postage) | 10,00 € |
| *) Arrangement fee is charged in connection with the first drawdown and with a raise or renewal of a loan.
| |
| **) Does not apply to loans intermediated from government funds..
|
Terms and conditions
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 .
