If you find yourself in a situation where you need an extra funding and you have regular income then the Consumer Loan is the most suitable solution. You may receive up to EUR 12 000 with repayment period up to 3 years.
- Largest available short-term loan.
- Fast and simple application process.
- Low commission fee if application submitted via Netbank or by calling the Contact Centre.
- Fixed monthly payment.
- Choose the repayment schedule most suitable to your budget. The longer the repayment period, the smaller the monthly payment. The loan is transferred to your bank account after signing the contract.
- You may choose to spend the funds in parts at your own discretion.
- You can transfer the received consumer credit to any of your Nordea credit cards. Making purchases on the internet or in shops in the value over EUR 7 you will receive bonus points that can be later exchanged for gift cards. See here.
Apply for the Consumer Loan:
- Fill in the online application form in Nordea Netbank section Applications - Application for credit.
- Call the Contact Centre at +371 67 096 096.
- At any Nordea Customer Service Unit.
- Applications submitted via Netbank or by calling the Contact Centre are subject to reduced commission fee for document handling.
The example which depicts the total cost of your loan:
Assuming that the bank grants you a loan in the amount of EUR 1500 at the annual interest rate of 16%, the agreement is concluded for the period of 3 years by monthly repayment and the costs of drawing up the loan documents comprise the amount of EUR 45: the annual interest rate is 19.78 % (the total cost of the loan expressed in percent), the total sum of the loan including the interest and other costs shall be EUR 1 943.64, and the monthly payment shall be EUR 53.91. The calculation mentioned in the example was made on 26.10.15.
General Terms for Consumer Loan with Payment Schedule