We've gathered what you need to know about business loans

No. The monthly fee is exempt from VAT. We recommend that you contact your own accountant for further accounting questions.

No. You do not pay a fee to receive an invoice as a PDF file on your email. If you want to receive an invoice in the mail, it costs 45 DKK.

No, we do not store passwords. At Qred, you log in with MiTid alone.

Once you have submitted your application for business loans, we endeavour to contact you within one hour. After that, you will be sent an offer to be signed with MiTid. We pay out the money quickly after signing.

You pay once per month.

For example, if you took out the loan on the 13th of a month, then the first payment must be due on the 13th of the following month. We will send an invoice approximately 10 days before the due date.

If you deposit more than one regular invoice, you always have the opportunity to repay the loan faster and thus repay the loan ahead of time.

The loan paid through Trustly, which allows us to transfer the loan amount quickly after signing the contract. This means that you will have the money in your bank account within one business day.

There are no initial costs for a business loans at Qred. When you sign a loan, the first payment will fall 30 days after. Here you pay an installment and monthly fee for the month in which you have had the loan. This will continue until the entire loan is repaid.

You will first receive a friendly reminder that we are missing your payment. On an ongoing basis, you will receive more reminders. We encourage you to contact us as soon as you see you have problems with a payment, so we can jointly find a solution that suits both parties.

If no agreement is reached, we will have to hand the case over to debt collection via our legal team.

In the case of an amortization free period, you only pay the monthly fee. Thus not paying off on your outstanding amount.

It will prolong your business loans by an additional month, and ultimately that means the loan will be a month fee more expensive than the original deal. Unless, of course, you pay more in the other months and catch up again.

Qred (pronounced Krædt) is a pun between the word credit and the English phrase “to give someone credit for something”, which can be compared to giving someone pondus, or acknowledging someone for something.