Frequently asked questions

Here are answers to the most common questions.
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How do I apply?
It's easy to apply and takes about 60 seconds, and there's no cost to apply. There are 3 easy steps:
  1. Fill in a short form (desired amount, organisational number, e-mail och mobile phone).
  2. Additional information can be sent to improve your offer. During normal work hours you can expect an offer within an hour.
  3. You decide if you want to go forward after you get our offer. Upon approval with BankID we will pay out the loan the same day, normally the same day.
Who can apply?
All limited liability business, partnerships, sole proprietorships / traders, and more can apply and be approved a loan. It can be a proud, old business, or a brand new startup, large or small. We work with businesses in virtually every industry, from north to south - even businesses with a checkered credit history can qualify. We evaulate each business individually - the key for us is that there is a solid business idea and qualified business owners behind the company.
When will the loan be paid out?
The loan is paid out the same day after you accept our offer, as long as that happens by 16:30. Depending on holidays and weekends, there can be a couple of days before the funds reach your business account.
Whad does Qred mean?
Qred (pronounced ”cred”) is a play on words with the word credit and the expression cred, that is to show someone respect or honor.
What does it take to qualify?
We do a comprehensive evaluation of every application. The critical element is your company's ability to handle the loan and manage repayment, and generate enough return on investment to justify your loan - that the loan's size is in proportion to your business. Sometimes we have to say no to applications, or approve a lower amount than you request. This might be because the company or owners have incurred debts they cannot repay or have a long history of payment remarks. That said, small or uncommon payment remarks need not be a hinder, and we always look at the big picture. You've provided incorrect information. The company's ability to repay is in doubt or impossible to demonstrate. Read more under security and borrowing responsibly.
What is Qred?
Qred business loans are the new way to finance investments in your company. All businesses that are active can apply for up to 1 000 000 SEK or 100 000 € without going to a bank. Your application is handled within an hour, and your funds are paid out the same day. You pay a fixed fee for every month you hold the loan, there are no hidden fees, and you can pre-pay when you want to (you only pay for the months you keep the loan). The monthly fee is set individually based on your company's qred-score. Each month you pay a fixed fee and a fraction of the amount you borrowed as amortisation. No interest or other fees. Convenient, right? Looking for inspiration, and how other companies have worked with Qred? Have a look at some of the company's we highlight and interview in our blog!
How is Qred different?
We've invested heavily in a modern, digital solution, with no expensive branch network. By automating data extraction and through smart analysis of hundreds of data points we are able to quickly get to an evalution of most businesses. As far as we know, nobody else in Northern Europe can approve and pay out a business loan faster than Qred. What's also unique is you only pay for each month you have the loan. Simple and straightforward.
Come on, there must be hidden fees?
Nope. At Qred, transparency is at the heart of our values and where we think we raised the standard in the market. Read more in our General Terms and Conditions.
Do you save my password?
Yes, in encrypted form, for maximum security. This is why you have to create a new one if you forget your password. Please choose a password that nobody else knows or can easily guess, with letters, numbers and special symbols.
Who requlates Qred?
Qred AB is registered as a financial instition with the Financial Supervisory Authority of Sweden, and our company and operations are regularly reviewed and monitored by an authorized auditor.
How do I get in touch?
You can call 09-42450399 or send an email to asiakaspalvelu@qred.com.
When should I repay the loan?
You pay a fixed amount each month. If you took a loan on the 10th, then your first invoice will have due date on the 11th of the following month. We send invoices 10 days before the payment deadline.
What happens if I can't pay on time?
You'll get a reminder, and we will reach out. It's important to pay on time to avoid late fees, and eventualy debt collections. Moreover, if you pay according to play you can typically apply for additional funds in the future.
What happens if I do not repay the loan?
After you've been reminded and contacted, eventually the loan will be sent to a debt collections company. If your company still cannot pay, you can become personally responsible for the remaining debt.
Is there an invoice charge?
No, as long as you choose the default option of PDF-invoice via e-mail. If you prefer a mailed paper invoice there is a 20€ charge for postage and handling.
What's the interest rate?
Our loans do not have a separate interest rate. Instead, we charge a fixed amount each month you have the loan - there are no other fees. The monthly fee is individual and based on your company's qred-score, which is based on many dozens of data points and parameters and gives an overall evaluation of each application. As the loan has no lock-in period, you can pre-pay at any time and only pay for the months you keep the loan. That is, you can save significantly if you choose to pre-pay your loan.
Do I have to pay VAT?
No, the fees are exempt from VAT.
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