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Flexible credit – obtain competitive offers from banks and choose the best-value credit in the comparison

Flexible credit is an unsecured loan that provides you with €1,000–€70,000 of credit in your account straight away, without any collateral. Use the flexible credit calculator to compare the effects of the loan sum and the loan period on your monthly payment.

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€10,000

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5 years
€201/kk
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The loan period can be 1–20 years, the loan sum can be €1,000–€60,000, and the interest rate can be 4–20%. Example: If the loan sum is €10,000, the interest rate is 6,5 %, and the repayment period is 5 years, the setup fee is €0, the account management fee is €5/month, the monthly repayment is €201, the sum repayable is €12,040, and the annual percentage rate of interest is 7,83 %.
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The loan period can be 1–20 years, the loan sum can be €1,000–€60,000, and the interest rate can be 4–20%. Example: If the loan sum is €10,000, the interest rate is 6,5 %, and the repayment period is 5 years, the setup fee is €0, the account management fee is €5/month, the monthly repayment is €201, the sum repayable is €12,040, and the annual percentage rate of interest is 7,83 %.

Flexible credit is an unsecured loan that provides you with €1,000–€70,000 of credit in your account straight away, without any collateral. Use the flexible credit calculator to compare the effects of the loan sum and the loan period on your monthly payment.

What does flexible credit mean?

Flexible credit is an unsecured credit account allowing you to withdraw money up to the agreed credit limit. Flexible credit is paid off monthly. You can also repay the loan early to reduce the credit costs. Flexible credit may also be referred to as a flexible loan or a flexible overdraft.

Flexible credit from Sortter

The Sortter comparison service makes it easy to find the most affordable flexible credit. Try the flexible credit calculator to see what kind of monthly instalment is suitable for your life circumstances, and then send an application.

We can help you identify the most competitive flexible credit offered by banks and financial institutions free of charge. With a single application, you will receive several personal loan offers, which we rank for you in order of affordability. However, you decide which flexible credit offer to accept. 

Applying for flexible credit via Sortter is

  • Free of charge – it is always free for you to apply for loan offers
  • Quick – you will receive the first loan offers immediately
  • Easy – apply online and reach dozens of lenders with a single application
  • Secure – we only work with reliable banks and financial institutions

Our customers' interest is the most important thing to us. Sortter follows the principles of fair loan comparison. We make sure that you get the most affordable loan offers in our comparison.

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Flexible credit works like a credit card – apply and borrow as much as you need

Flexible credit is an unsecured loan with features resembling a credit card. You will have access to the agreed credit limit or a credit account, enabling you to withdraw as much money as you need. Credit will be released to be withdrawn again when you repay it. Many banks and financial institutions such as Nordea, Säästöpankki and Osuuspankki (OP) grant flexible credit in addition to general-purpose credit such as consumer credit.

A new flexible credit facility without collateral and money in your account in no time

Flexible credit adapts well to your personal finances and life circumstances. Flexible credit is ideal for smaller purchases or as a backup fund when you need money quickly.

Whether you are facing an unexpected car repair or need new furniture for your home, flexible credit is a good solution. A bank or financial institution will pay the flexible credit into your account as soon as the credit is granted, so in the best case, you will have the loan sum in your account on the same day.

It is quick and easy to sign a loan agreement with the bank using your online banking ID. The bank will process your agreement as quickly as it can and pay the credit into your account.

How to compare flexible loans?

Send an application easily online

Send an application easily online

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Compare loan offers

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Choose the best loan from the comparison

Choose the best loan from the comparison

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You will receive the money

Obtain competitive offers free of charge from banks offering flexible credit

Sortter is a secure way of applying for flexible credit and obtaining competitive offers from banks. In order to make a lending decision, banks and financial institutions need information about your income and expenses, as well as your employment, personal details and bank account. We process all the information requested on the application in an encrypted environment, and we only use the information to find you the cheapest flexible loan from banks and financial institutions. 

Our loan service enables you to apply for the most affordable flexible loan as securely as in your online bank, but you will receive up to dozens of tailored financing offers to compare from various banks and lenders – with just one credit application. 

Using Sortter to obtain competitive offers from banks, you will find the best flexible credit quickly and securely, and always without any hidden costs or other unpleasant surprises.

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The cheapest flexible credit is found by comparing offers

If you want the best conditions and lowest interest rate of your flexible credit, you should compare offers from banks using Sortter. 

It is easy to apply for a new flexible credit facility

  1. Use the flexible credit calculator to work out the most suitable loan sum for your personal finances.
  2. Fill in the flexible loan application on the Sortter website.
  3. Check your details and send your application.
  4. You will immediately receive credit applications from dozens of banks and financial institutions on your loan comparison service.
  5. Compare the loan offers you received. We present offers in order of affordability with the cheapest flexible credit at the top of the list.
  6. When you find a suitable flexible credit facility, it is easy to accept the offer and sign a credit agreement using your online banking ID via our online service. 

Our service always compares flexible credit facilities on the basis of the annual percentage rate of interest, and you can be sure that the cheapest flexible credit in our comparison really is the best value for you.

We follow the principles of fair loan comparison. We make sure that you get the most affordable loan offers in our comparison.

How to compare flexible credit facilities

When you compare flexible credit, it is a good idea to pay attention to the following:

  • Credit limit
  • Number of monthly repayments
  • Annual percentage rate
  • Option for interest-only months
  • Option to increase the credit limit if necessary
  • Fixed annual fees

Flexible financing provides balance for everyday life

Many banks offer flexible credit under different names, such as flexible loans, flexible overdrafts, or flexible financing. Nordea flexible financing is an example of this type of branded flexible credit.

Whether you are considering flexible credit or consumer credit, it is worth obtaining competitive offers before signing a credit agreement.

Find the best flexible loan from the comparison

Repaying flexible loans – compare the options for interest-only periods

Flexible credit is paid back to the lender in the agreed monthly instalments. The repayments release money back into the credit account so it can be withdrawn again, up to the agreed credit limit. The repayment instalment is usually calculated as a percentage of the total credit or of the agreed credit limit. The loan offers you receive will always show precise details of the amount of the instalment. 

You can often apply for interest-only months for flexible credit. During such periods, you will only pay interest and any account management fees the bank charges. Interest-only months enable you to balance out your financial outgoings without needing to renegotiate your credit agreement. After an interest-only period, the flexible credit is again repaid in the monthly instalments stated in the credit agreement.

Our service shows you which lenders offer interest-only periods or repayment holidays.

If you wish, you can also repay your flexible credit more quickly or pay it all off in one go. Loans that are repaid more quickly accrue less interest and expenses, so the loan costs are lower.

The interest rate on flexible credit starts at 4%

The interest rates on flexible credit vary from one bank to another. This is why it is important to obtain competitive interest rate offers before you choose a credit facility.

The interest rate on flexible credit starts at about 4% and can vary up to 20%. The rate of interest on flexible credit also varies according to the bank’s credit assessment, which is an estimate of the applicant’s solvency. The better the applicant’s solvency, the lower the banks can price their credit.

The interest on the credit is only calculated for the amount of the flexible loan you are actually using. Therefore, it is no problem to have a higher credit limit than you need at the present moment. The amount of interest in each repayment of flexible credit decreases as more of the loan is repaid. 

You can save money on credit interest, setup fees, and handling fees by getting competitive offers for flexible credit.

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Flexible loans are suitable for many needs – up to €70,000

Flexible credit adapts to your personal finances and different life circumstances. You can apply for a flexible loan to cover the amount you need, all the way up to €70,000, and choose a suitable repayment period between 1 and 15 years. 

Typical uses for flexible loans include: 

Consolidating loans or credit card debts

If you have several loans or credit cards, you can get better loan conditions and smaller monthly payments by consolidating your existing loans into a more affordable payment agreement. This helps you to save money every month in the form of lower interest, as well as less expensive account management or invoicing fees. 

Financing renovations

When it is time to renovate your home or holiday home, flexible credit is a sensible way of financing purchases of materials and labour. The interest rates and costs of flexible credit are often lower than with credit cards, and the payment period can adapt more flexibly to your budget. 

Purchasing a vehicle or boat

Car or boat financing can also be handled conveniently using a flexible loan. Unsecured flexible credit can help you to purchase a vehicle from a private seller or dealer and register the vehicle in your name directly. Flexible credit puts you in the same position as a cash buyer, which is often a strong position from which to negotiate the sale price with the seller.

Flexible credit account management fees

The fees charged for flexible credit vary between banks and lenders. One feature that all banks have in common is charging interest on the amount of credit you are using. In addition to interest, some banks charge an account management fee for flexible credit. This fee can be no more than €150 per year. 

The account management fee has a direct impact on the costs accruing from the credit. The amount of the account management fee may be tied to the amount of flexible credit, or it may be a fixed fee charged throughout the term of the credit agreement. Account management fees and all other credit costs are included in the annual percentage rate of interest, which is the best figure for comparing flexible credit facilities. 

The Sortter comparison service breaks down the costs of new flexible credit in a clear way. You will see the annual percentage rate and the account management fee clearly itemised for every credit offer you receive. 

Large banks, such as Nordea and Osuuspankki, charge an account management fee even if there is no outstanding balance on the loan. If a bank charges an account management fee on a credit account that is not in use, it is not worth keeping the account open. In such cases, the unused flexible credit agreed upon should be terminated, and a new agreement should be made when you need flexible credit again.

Flexible repayment – you can pay your loan off early

Like any other form of unsecured loan or credit agreement, you can pay back your flexible credit early or repay it in larger monthly instalments. When you pay back your flexible credit more quickly, you spend less because you have less to pay in interest and expenses.

Your option to pay back the loan early is a legal right, and it does not need to be expressly stated in the credit conditions. 

Looking for flexible loan? Compare offers and save money

Flexible credit – frequently asked questions

  • Flexible credit is an unsecured loan with features resembling a credit card. You have the flexibility to withdraw additional loan funds or repay the loan, according to your circumstances.

  • Flexible credit is always personalised, and the interest rate and credit limit depend on the applicant’s financial position. It is worth bearing in mind that the loan fees also affect the expenses, so it is advisable to check the annual percentage rate of interest, which includes all the costs of the loan. 

    The only way to find out how much each bank or financial institution will charge in interest is to apply for offers from them. There are many providers of flexible credit, so the best way to find the lowest interest rate is to compare loan offers from different lenders. 

    The Sortter service enables you to obtain competitive offers from several lenders with a single application, so you can access many comparable offers at a time, listed according to the annual percentage rates of interest.

  • Credit can be either secured or unsecured. A secured loan requires collateral, such as the home or car that the loan is used for. You do not need any collateral or guarantors for flexible credit, as it is an unsecured form of credit. You can apply for unsecured flexible credit of up to €70,000.

  • You will have access to a credit limit or a credit account, within which you can withdraw as much money as you need. Banks and financial institutions grant flexible credit in addition to consumer credit.

  • Use the calculator to choose a loan sum and loan period, and send a free application on the Sortter website. We send your application to dozens of banks and financial institutions to obtain competitive offers, and we show the credit offers you receive in a clear list. Our service makes it easy to compare the interest rates, monthly repayments, and payment schedules of flexible credit facilities, along with the other important terms and conditions. This makes it easy to find the best flexible credit without having to fill in several loan applications. 

    Choose the most suitable offer and sign a credit agreement using your online banking ID. After this, the loan will be transferred into your account.

  • You will receive a decision on the granting of flexible credit as soon as you have submitted your application, and the money may even be transferred into your account on the same day.

  • You can apply for flexible credit if you are at least 20 years old, you have handled your finances properly, and you have a regular income or pension.

Flexible credit online – compare right away

It is quick and easy to apply for flexible credit online. Just fill in one loan application, and banks will make you offers. The process of obtaining competitive offers and signing a credit agreement is carried out entirely online, so you can apply for credit and compare offers in the comfort of your home.

In the best cases, you could receive credit on the same day.

Tips for applying for a loan

Here are five tips that could make it easier to fill in the loan application and compare loans. Make sure your application does not get held up by filling it in carefully.

  1. Have your proof of income at hand: some lenders require a certificate of your earnings or pension income. To speed up the loan application process, it is a good idea to get this information ready before you fill in your application. You can also write down your earnings to the nearest cent during the application phase.
  2. Check your application: when you fill in the loan application, enter the latest information into the fields and complete them with care. Go through your application before you send it. This will ensure your application is processed immediately and you receive a positive loan decision as quickly as possible.
  3. A preliminary agreement may be sent immediately: you can receive a preliminary loan offer from several banks and financial institutions within just a few minutes of sending your loan application. Do not panic if you do not receive any offers at this stage – many lenders may send personal offers slightly later by email. Often, they send them on the same day.
  4. Sortter ranks loan offers according to affordability: if you use the Sortter loan comparison, you will easily see which offers have the lowest fees and interest. We rank the loan offers in order of affordability based on the annual percentage rate of interest.
  5. Read the loan conditions and sign the agreement using your online banking ID: when you receive a final loan offer, read through the loan conditions carefully before you sign the agreement. When you are satisfied with the conditions, you can sign the agreement with the bank using your online banking ID.

Choose the best flexible credit using the Sortter comparison

With Sortter’s help, it is quick to compare flexible credit facilities, and the best flexible credit is always the one ranked top in our comparison. We always recommend the most affordable flexible credit on our service. This means the interest rate and costs charged by banks are low, and you are left with more money in your pocket after each repayment.

Send an application, compare banks, and withdraw affordable flexible credit into your account.

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