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.
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.
There are no upfront costs for a business loan with Qred. When you sign a loan, the first payments deadline will be 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.
No, it is not. The monthly commission is exempt from VAT. We recommend that you contact your own accountant for further accounting questions.
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.
You can call us on 8987 1006 or send an email to email@example.com. You are also welcome to contact us via chat on weekdays between 08:00 and 17:00.
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.
No, we do not store passwords. At Qred, you only log in with MitID.
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.
We make a credit 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 business's finances properly, the owner has too much debt or too many payment remarks. We always require that the owners of the business are personally liable for the loan as guarantors.
Qred (pronounced Picky) 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.
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.
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.