Loan calculator - what does a loan cost?
Apply quickly and easily
Payout within one working day
Redeem the loan ahead of time and save money
Apply for a loan for your business
At Qred Bank we operate exclusively with a fixed monthly fee. Our mission is to provide entrepreneurs with a banking experience that is different from the one they often get at traditional banks. Traders build the future and we support theirs.
How to apply for a loan
Qred Bank offers loans up to DKK 3,000,000 for businesses. It is always free and without obligation to apply.
- Apply in minutes
- Payout within one working day
- Redeem the loan ahead of time and save money
We also offer...
- No start-up fee
- Fixed monthly fee
- Personalized service
"Qred er en forretningspartner for din virksomhed."
Rajissimo
Is, vafler, churros og kager
What does a loan cost?
OOP
APR is short for annual cost as a percentage. It includes all costs related to a loan such as interest, fees, creation fees, etc.
The APR is determined, among other things, by the term of the loan. A short maturity results in a higher APR, while a long maturity results in a lower APR.
The APR tells you what a loan will actually cost.
Loan calculator
At first glance, the offer of an interest-free loan may seem like a good deal. However, when using a loan calculator, you may be very disappointed to find that the total cost of an interest-free loan can be lower than that of an interest-only loan. Precisely because a loan calculator takes all the related costs into account in the calculation.
An interest-free loan, for example, may have a much higher creation fee, management fee or other fees. A loan calculator can therefore be a valuable aid to compare different loan offers.
How much does a loan from Qred Bank cost?
At Qred Bank we have chosen to operate with a fixed monthly fee. This means that you are content to pay installments on your business loan and a fixed monthly fee. In addition, you will avoid unpredictable interest rates or hidden fees.
At Qred, all applications are processed individually through a credit assessment and an overall assessment of your and the company's financial health. The overall assessment determines how much you can borrow, as well as your monthly fee. Since we have both customers with loans of DKK 50,000 and DKK 1,500,000, it is therefore not possible to give an estimate of what a monthly fee may be for you.
With a loan offer from Qred, you cannot calculate APR. But with our fixed monthly fee, you still have the opportunity to see what the total cost of a loan will be.
If you want to get an estimate, please feel free to call us. From a number of control questions, we will often be able to help you with an estimate.
Qred Bank has been supporting entrepreneurs since 2015
Founded in 2015 with the mission to help other entrepreneurs, Qred has never been afraid to challenge the traditional banks. Today, we offer fast and simple financing solutions in seven countries and are a leader in business finance in Scandinavia.
We opened our Danish branch in 2017 and have already helped thousands of Danish companies. What makes us stand out is that we work exclusively with business finance, and therefore are able to meet entrepreneurs at eye level. That's why we're also incredibly proud to be one of the top rated banks on Trustpilot.
2015
2015
the foundation of Qred
50
000
50
entrepreneurs supported
7
7
markets
Contact Us
We will assist you every weekday between 8 am and 4 pm.
Siden er skrevet og faktatjekket af
Emil Sunvisson
CEO
Qred Bank
Emil Sunvisson is CEO and co-founder of Qred Bank. Emil holds an M.Sc. from the Royal Institute of Technology and an MBA from the Stockholm School of Economics. Emil is a serial entrepreneur and has previously been CEO of Cherry and co-founder of Yggdrasil, among others. In addition to being a popular speaker at conferences and events, Emil has been a frequent guest on podcasts to talk about corporate finance and entrepreneurship. Since its inception in 2015, Qred has been launched in 6 different countries and has been recognized by the Financial Times as one of Europe's fastest growing companies for 5 years.
