Loan costs
OPR-Företagslån Flex
OPR-Företagslån Flex is a flexible business credit for companies that occasionally need an extra buffer to cover expenses or investments. The loan costs for the business credit OPR-Företagslån Flex are clear and transparent. You pay interest and fees only for the used credit and we do not charge account fees or any start-up fees. By only paying for what you use, you always know when the loan cost affects the company.
- Monthly interest: 5 percent of the amount withdrawn
- Withdrawal fee: 3 percent of the amount withdrawn
- Account fee: SEK 0 per month
- Start fee: SEK 0
- Late payment interest 24.9 percent of the invoiced amount
More information about loan costs of our company credit
The company credit has loan costs that consist of interest and withdrawal fees. You always pay only for your withdrawals. The monthly installment consists of amortization of the capital and the interest. The monthly minimum amortization is 4 percent of the borrowed capital, but at least SEK 2,000. In this way, it reduces the monthly amount every month when the capital is amortized. A monthly interest of 5 percent is calculated on the capital. For withdrawals, we charge a withdrawal fee of 3 percent in connection with the next invoice. You can always repay the entire used credit at once or pay a lump sum that is greater than the minimum amount, to save on the costs of the total interest.
No start-up or account fees
Up to SEK 200,000 in credit
Withdraw easily through online portal
Pay only for what you use
Repay the entire used credit at once or pay a lump sum
Interest for the time the credit has been used
Loan costs – You can repay it all at once
The business credit adapts to the company’s situation and you can always repay the entire open credit at once. You pay interest and fees only on the amount withdrawn. The next time you need greater financial flexibility in the company, just make another withdrawal up to the credit limit.
Flexible repayment in installments
The monthly minimum amortization is 4 percent of the utilized loan capital (but at least SEK 2,000). In addition, you pay interest and withdrawal fees for the credit. The more you amortize, the lower the loan cost will be. The billing date is the 10th of each month and the invoice due date is the 28th of the same month. Repayment of the credit starts the first calendar month after the credit is granted. You can always pay a lump sum larger than the minimum amortization for faster repayment and to reduce the total interest cost.
FAQs about our business credit
- Who can apply for business credit?
OPR-Företagslån Flex can be applied for by a person who has company coverage rights either alone or together with another person in the company applying for the credit. The credit is applied for and granted to the company.
- What kinds of companies do you grant?
All Swedish limited companies, sole proprietorships, trading companies and limited partnerships can apply for a loan with us.
- How quickly is the OPR-Företagslån Flex granted?
How quickly is the OPR-Företagslån Flex granted?
- How do you apply for business credit?
The first person who has signature rights applies for the flex credit and fills in the information required for the credit application. If we need the other signatory’s approval, we will send an email with a link through which the other signatory can approve and sign the credit application. Please note that this only applies to joint-stock and trading companies, as individual companies and limited partnerships only require a signature from one person.
- What is required to apply for the business credit
In order to get business credit, it is required that the company’s responsible person is a surety. The applicant is also a guarantor for the credit, so the applicant must be creditworthy. No other collateral is required for the application.
- As a Flex customer, can I apply for a credit increase?
Yes, as a customer with us, you can always apply to have your credit limit increased. The easiest way to do this is to go to my pages and request a credit increase. Our credit officers will get back to you with a decision.
Withdrawal and loan costs of the business credit
- How is the credit OPR-Företagslån Flex paid off?
The invoice is sent once a month approximately two weeks before the due date, which is always the 28th of each month. On the invoice, we have collected the previous month’s transactions for the business credit and any remaining amount from the previous invoice. You can pay the entire invoice amount at once or in parts. A monthly interest of 5 percent is calculated on the remaining capital. If you want to make a final payment, you must ask for the current final amount to be repaid from OPR-Företagslån Flex customer service on phone 08-501 006 60 or by e-mail at flex.kundservice@opr-foretagslan.se. You can always pay back the entire used credit at once or pay in a lump sum that is greater than the minimum amount.
- What is the minimum amount I can pay on the invoice?
If you pay the invoice in parts, the monthly minimum amortization is 4 percent of the drawn credit capital, but at least SEK 2,000.
- What fees are charged for the business cedit?
The credit agreement itself is free of charge. The business credit has no fixed annual or monthly account fees, but you only pay for your withdrawals.
- Can I repay the credit before the due date?
If you wish, you can repay the credit before the due date. You can check the current amount to be paid back via my pages.
Do you have more questions about our loan costs? Contact customer service.