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Loans for businesses up to 2 million

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Does your company need
financing for growth?
new equipment?
to renovate premises?
working capital?
to invest in marketing?
project financing?
to invest in stock?
capital for new employees?
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Frequently asked questions

What is the interest rate on a loan with Qred?

What is interest?

When you think of 'loan', you probably also think of 'interest rate'. Interest is the price you pay for borrowing money. It is usually expressed as a percentage and corresponds to a percentage of the amount borrowed. The interest rate can be either fixed or variable and depends on factors such as:

  • Borrower's creditworthiness
  • Borrower's finances
  • Loan term
  • The current loan market

What is the interest rate on a Qred loan?

At Qred bank, we don't operate with interest, but instead with a fixed monthly fee.

The monthly fee for a loan is highly individual for each borrower and depends on a Q-score based on factors such as

  • Borrower's creditworthiness
  • Borrower's finances
  • Company turnover
  • Loan term
  • The loan amount

The monthly fee is the only cost of taking out a business loan with Qred and is only paid for as long as the loan is active.

Pay off your loan early and save money

The way we determine your monthly fee is by looking at the above factors, among others. From this, we calculate a total amount for what it will cost to borrow the money. The total amount is then evenly distributed over the number of months the loan will run for.

However, since you only pay a monthly fee for the months that the loan is active, early repayment allows you to save the monthly fee for each month that you no longer have your loan.

Let's look at an example:

If the loan amount is 120,000 DKK with a term of 18 months and a total cost of the loan of 27,000 DKK, this corresponds to a monthly fee of 1,500 DKK

Redemption after 18 months:

18 months x 1,500 DKK = 27,000 DKK

Redemption after 12 months:

12 months x 1,500 DKK = 18,000 kr

By repaying the loan early, you will have saved 9,000 DKK

What's the difference between traditional banks and Qred?

There is a wealth of options when you enter the loan market. That's why it's good to know what the differences are when choosing a lender.

The traditional banks

Traditional banks are often able to offer favorable interest rates on your loans, and it can be nice to take out a loan with a bank you already have a relationship with. On the other hand, it can be difficult for small and medium-sized businesses to get approved for a loan, and if you do manage to get the bank to talk to you, the application process is often a lengthy affair. This is partly due to the fact that traditional banks have strict requirements and guidelines that must be met before they can approve a loan.

The process can be a taboo and disheartening experience, especially for new and small businesses, which are particularly vulnerable to financial challenges.

Qred bank

Qred Bank is an alternative loan provider that, despite having a banking license, is not subject to the same strict guidelines and requirements as traditional banks. This means that there is generally a higher cost of taking out a loan. On the other hand, the application process is short, which can make the difference between a business being able to take on new customers, increase its turnover or even just stay in business.

Qred's customer service specializes in loans for small and medium-sized businesses, which means we can meet our applicants and customers with a completely different understanding and guidance.

In short, a loan from Qred Bank can be a crucial factor in a company's existence.

If you want to know more, read our FAQ.

If you need money for cash flow or the holiday season, you can apply today and have the money as early as tomorrow.

If you're still considering whether a loan is the right solution for you, feel free to contact us at support@qred.dk or 89 87 10 06.

What happens if I can't repay the loan?

You will first receive a reminder that we need your payment. On an ongoing basis, you will receive further reminders. We encourage you to contact us as soon as you realize you have a problem with a payment so that we can work together to find a solution that suits both parties.

If no agreement is reached, we will have to refer the case to debt collection via our legal liaison.

How does Qred differ from other business loans?

Qred offers an alternative and flexible solution for businesses. Using modern technology and algorithms, we can analyze data from hundreds of sources to make a solid assessment of the applicant's business. Quickly and efficiently. For Danish businesses, this means that it now takes just one minute to apply for a business loan and the money is disbursed quickly after signing. No other company approves and disburses business loans faster than Qred. In addition, Qred offers a new repayment solution, which means that you only pay for the loan for the time you actually have it. This means that you are never tied to a loan with us and can repay the loan at any time at no extra cost.

Who can apply for a loan?

All Danish limited liability companies, private limited companies, sole proprietorships, personally owned small businesses and partnerships can apply for a loan. It doesn't matter whether your business is new or old, large or small - we have helped businesses in all industries. We carry out an individual credit assessment of each business. The most important thing for us is that there is a good and sound business concept and skilled entrepreneurs behind the business.

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