What can we do for you?

Please look through our database of frequent asked questions!
Here you can find various documents related to your business loan.

What is the interest rate on a business loan?

The business loan is interest-free. You pay a fixed monthly fee for the months you use the loan. This means that you pay a monthly fee for each month or part thereof. There are no additional fees on top of this.

The monthly fee is based on an individual credit assessment of the company and its owners. The company's credit rating is based on several different parameters, and we assess and analyze each individual application.

Do I have to pay a fee to receive an invoice?

No, you don't. You do not pay a fee to receive an invoice as a PDF file on your email. If you want to receive an invoice by post, it costs 45 DKK

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.

See all questions

What is an interest-free period?

With a amortiziation free month, you only pay the monthly commission. This means you do not pay off your on the outstanding principal.

This will extend your loan by another month and ultimately mean that the loan will be one month more expensive than the original agreement. Unless, of course, you pay more in the other months and make up for it.

When will I get an answer?

Once you have submitted your application, we will attempt to contact you within an hour. You will then be sent an offer to be signed with MitID. We will pay out the money quickly after signing.

How much does it cost to take out a business loan?

There are no upfront costs for a business loan with Qred. When you sign a loan agreement, the first payment is due 30 days later. Here you pay an installment and a monthly fee for the month you have had the loan. This will continue until the entire loan is repaid.

Do I have to pay VAT?

No, it is not. The monthly commission is exempt from VAT. We recommend that you contact your own accountant for further accounting questions.

When should the loan be repaid?

You pay once a month.

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

If you can pay more than a regular invoice, you always have the option to do so and thus pay off the loan early.

How do I contact Qred?

You can call us on 8987 1006 or send an email to support@qred.dk. You are also welcome to contact us via chat on weekdays between 08:00 and 17:00.

Who controls Qred?

Qred is registered with the Danish FSA under the Danish Anti-Money Laundering and Terrorist Financing Act, and our activities are reviewed by an authorised auditor.

Are you keeping my passwords?

No, we do not store passwords. At Qred, you only log in with MitID.

Are there any hidden charges or fees?

No. At Qred, transparency is one of our core values. We take pride in the fact that our services and conditions are easy to understand for everyone. You can read more about our terms and conditions here.

What is Qred?

Qred is a new way to borrow money. All Danish companies can apply to borrow up to DKK 2,000,000 from Qred, bypassing traditional banks. Usually, you will be notified within an hour and we pay out the money the same day. You pay a fixed amount every month and there are no hidden fees. You can repay the entire loan at any time without any additional costs. At Qred, you only pay for the loan during the months you actually have it. The monthly fee is individual and depends on your credit rating. After each month, you pay a monthly fee and principal repayments. There are no interest or fees.

What is required to get a business loan?

We make a holistic assessment of each application. The most important criteria are the company's ability to handle future payments and that the loan amount is reasonable in relation to the company's size and turnover. Unfortunately, there are some cases where we cannot approve a loan application. This may be the case, for example, if the business owners have not managed the company's finances properly, have too much debt or too many payment defaults. We always require that the business owners are personally liable for the business loan as a guarantor.

What does Qred mean?

Qred (pronounced 'kred') is a word game between the word credit and the English term "to give someone credit for something", which is comparable to giving someone pondus, or that one recognizes someone for something.

How is the money paid out?

The loan is paid out 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.

How do I apply for a business loan?

Applying for a business loan is easy.

Here's how to do it:

- Fill in the application on Qred.dk (desired amount, CVR number, e-mail and mobile number).

The application is free of charge and non-binding. You can send additional information if necessary. You will usually receive a reply to your application within one hour during our opening hours. It is up to you to decide whether to accept the offer once you have received a reply to your loan application. If you approve the loan, the money will be paid out quickly.