If you have a loan through a payment service provider that uses Froda as a partner, you are using revenue-based financing. Revenue-based financing is a type of business loan that is automatically repaid through a small, fixed percentage of your daily or weekly card sales. You continue to pay that percentage until the agreed total amount (the advance plus a fixed fee) is fully repaid.

Froda offers business loans for Nets customers up to NOK 2 000 000. You may be able to borrow more or less than the amount you applied for.

Yes. Froda only accepts deposits from personal accounts, and we may reject your deposit if it comes from, for example, a business account.

No, you cannot make withdrawals directly to other savings accounts. Your withdrawal account must be a transaction account in a Swedish bank and include the clearing number and account number.

In most cases, you can consolidate your business loans with Froda. To do this, you need to be able to pay off your previous debts with other lenders early, and the total amount of all your loans must not exceed your available credit. Contact us if you want to consolidate your business loans with us and we will help you with how to proceed.

Yes, you can be approved for a business loan from Froda even if you have payment remarks.
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Previous payment remarks may lead to a higher interest rate and shorter repayment period, but in our assessment, we focus on how your business is doing today and not how it has performed historically. However, if your company has several payment remarks, or if we believe there is a risk that you will not be able to repay the loan, we may reject your application.

Yes. You can log in to My Pages at any time and make adjustments to your loan to suit your company's current needs. You can pause your amortization, increase your loan, change the repayment, make an extra payment or pay off your entire business loan early. When you log in, your company also has a constantly updated loan amount that you can apply for. This way you can easily see what financing opportunities your company has if the need arises.

Our business loan is an annuity loan where you can choose between daily and weekly amortization. Annuity means that each repayment is the same amount, but the interest portion is higher at the beginning of the loan term, while the amortization portion is smaller. As you repay the loan, the interest portion for each repayment will decrease, while the amortization portion will increase instead. The repayment of your business loan then takes place automatically via direct debit during the loan term.

No, we don't. We provide business loans to all types of companies, regardless of their size or legal form. Whether you run your business as a limited company, partnership, limited partnership or sole trader, you can turn to us when you need financing.

If you are not satisfied with your business loan with Froda, you can repay the loan at any time without extra cost.

Froda has received extended support from the European Investment Fund (EIF) through the guarantee program for microfinance and social entrepreneurship within InvestEU. The program enables Froda to lend to small business owners to promote growth, equality, sustainable work, and social inclusion in Europe.

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The EIF's micro-guarantee means that you can get a business loan from Froda with a discounted loan cost if you have a company with a maximum of 9 full-time employees and a turnover or balance sheet total of no more than 20 million. You can apply for loans up to SEK 565,000 to be covered by the micro-guarantee. The discount is automatically activated if your company meets the criteria for the guarantee.

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Read more at the EU Commission

You can access the developer portal here.

We develop a customized credit model together with the partner, using a combination of the partner's data sources and Froda's to create the most comprehensive and accurate credit model possible. The partner has full control over the customer journey and manages all KYC and identification processes, as well as taking the credit risk. When applications are made, Froda's system evaluates and responds to them within 24 hours. After that, the API endpoints are used to activate withdrawals from Froda's financing.

Read more about Froda Embedded.

Yes, Froda's solutions are flexible and can be customized to integrate with your brand's profile and experience.

Read more about Embedded lending.

Embedded Lending is integrated into your existing platform or application, either by linking to a Froda page in your brand's design, or by using Froda's APIs to integrate the application process and the customer's platform for self-service loan management in your customer portal.

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Customers can then apply for loans or credit directly through your platform, while Froda handles credit checks, approval, disbursement, repayments and everything else related to the lending process.

Small and medium-sized enterprises across Europe have difficulty accessing financing. Froda's automated processes and financing from public deposits mean that we can offer financing on favorable terms with a high degree of approval. We help our partners expand their product offerings and increase their customer engagement, while also gaining an additional source of income. Because the product is integrated, the partner retains ownership of the customer completely.

Read more about Froda Embedded.

Froda generates interest income on the loans issued through partners. The revenue is shared with the partner.

Depending on the product, integrating Froda's APIs typically takes two weeks for a team of two developers. Froda's tech team will support and guide you through the process. For more information about our APIs, visit our developer portal.

Yes, all our solutions within Embedded are fully adapted to the partner's brand.

We would love to know what you think and appreciate feedback on your experience with our products and services so that we can develop and improve them for you. If you would like to give us feedback, please contact us at 0850131100 or mail to share your views. Your feedback will be reviewed by the person responsible for the product or service in question, and regardless of whether your suggestion can be implemented or not, we will provide feedback on your comments.

If you are dissatisfied, please contact Froda's customer service in the first instance. We would like to clarify any problems or misunderstandings that have arisen in order to pass on your views.

We do everything we can to ensure that you as a customer are satisfied with our services. However, should a dispute arise between you and Froda that cannot be resolved by our customer service, you can submit your case to the National Board for Consumer Disputes (ARN). Froda participates in ARN's dispute resolution procedure and follows their recommendations for cases that are tried.

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You can reach the National Board for Consumer Disputes via:

Website: www.arn.se

Address: Postbox 174, 101 23 Stockholm, Sweden

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The EU Commission offers an online platform for resolving disputes arising from cross-border e-commerce transactions out of court. You can report your case in any official EU language via this platform. You can find the platform here.

You can download your commitment statement under "documents" in the left column on My Pages.

You can download your annual statement under "documents" in the left column on My Pages.

Log in to My Pages and select the account for which you want an account statement. Then select "transactions" in the menu and enter the desired time interval for the account statement.

Your personal data is processed in accordance with Froda's Privacy Policy. Read more about it here.

If you do not have mobile BankID to verify your withdrawal account, you can send a message while logged in with proof of account from your bank that includes clearing number, account number, name and social security number.

When someone passes away, a statement of holdings is automatically sent to the deceased's registered address with information about the assets the estate has with Froda. Only when the estate inventory is complete can the deceased's holdings with Froda be closed and the money paid out. In order for the money to be paid out to the estate, we need to receive the following documents:

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– Closing form for deceased estates; you can find the form here.

– Power of attorney, if one person represents all the heirs or a lawyer is assisting with the closure. You can find the power of attorney here.

– Copy of ID for all heirs.

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Post the completed and signed form, any powers of attorney, and copies of ID documents to us at the address:

Froda AB

Katarinavägen 9

116 45 Stockholm

To verify withdrawal accounts, Froda uses a solution from Finshark where bank accounts are verified via mobile BankID. Finshark is a Swedish company supervised by the Swedish Financial Supervisory Authority.

No, we only offer savings accounts for individuals.

No, we only offer savings accounts for private individuals who are 18 years or older.

No, you must be a resident of Sweden.

No, you need to have a Swedish bank account to make deposits to your Froda savings account.

Private individuals over 18 years of age who reside in Sweden and have a Swedish bank account.

For savings accounts with variable interest rates, there is no time limit for when you can make your first withdrawal. If you want to make a withdrawal from a fixed-rate savings account, it is possible for a fee of 1% of the withdrawal amount.

No, but you can never withdraw more money than what is available in your savings account.

Yes, you can make withdrawals from a fixed-rate savings account, but it is possible with a fee of 1% of the withdrawal amount. The same applies if you want to close the account during its term.

This normally occurs within 2-3 business days.

Log in to My Pages and select "withdrawal" in the left column.

You can change your withdrawal account on My Pages. Click on your name in the menu, select "my details" and click on "retrieve my account number". Select the bank where you have your desired withdrawal account, identify yourself with mobile BankID and select which account you want as your withdrawal account. If you have problems changing your withdrawal account, you can send a message while logged in to get help with it.

Your withdrawal account must be a transaction account in a Swedish bank and include clearing and account numbers. Bankgiro or Plusgiro cannot be used as a withdrawal account.

The minimum amount you can deposit is SEK 1.

It depends on whether you have a savings account with variable or fixed interest. Savings accounts with variable interest have unlimited deposits. For savings accounts with fixed interest, you can only make one deposit when the account is opened. If you want to make multiple deposits to a fixed-interest account after you have opened an account, you can open a new account with the desired term. If you try to make additional deposits to an account with fixed interest, the money will either be placed in a savings account with variable interest or paid back to your registered withdrawal account.

Yes, the maximum amount you can deposit is SEK 1,050,000.

You can normally see the deposit in your account within 1-2 banking days.

The first deposit must be made within 14 days from the day the account was opened.

No, you can only make deposits in SEK to our savings accounts.

The maximum amount, including earned interest, that can be in the account is limited to SEK 1,050,000. If your balance exceeds that amount, the excess will be automatically paid out to your registered withdrawal account.

Make deposits via bankgiro to 652-5125 using your Froda account number as the OCR/reference.

Yes. Read more about the government deposit insurance here.

The money will be manually deposited by us into your savings account. If you cannot see the deposit in your account 3 days after the deposit, you can contact us via the message function on My Pages.

Interest for the money in the account is calculated for all calendar days of the year, taking leap years into account. For deposits, interest is calculated from the first banking day after Froda has received the amount. The interest is an effective annual interest rate, which means that for accounts with a term of less than 12 months, you will receive the portion of the annual interest rate that reflects the term of your savings account.

Example 3 months: You deposit SEK 1,000 into a fixed-term savings account with a 3-month term and an annual interest rate of 2%. Since the savings account has a term of 90 days, the interest is calculated as follows: (2% / 365 days) * 90 days, which gives an interest of SEK 4.93 for the period.

Example 6 months: You deposit SEK 1,000 into a fixed-term savings account with a 6-month term and an annual interest rate of 2%. Since Froda Fixed Savings Account 6 months has a term of 180 days, the interest is calculated as follows: (2% / 365 days) * 180 days, which gives an interest of SEK 9.86 for the period.

The current interest rate and terms for the savings account can be found on the website or on My Pages.

Interest on money held in the account is calculated for all calendar days of the year, taking into account leap years. For deposits, interest is calculated from the first banking day after Froda receives the amount. For withdrawals, interest is calculated up to and including the day before the withdrawal date. The interest is an effective annual rate and is calculated according to the interest rate that Froda applies to the savings account at any given time. The current interest rate and conditions for the savings account can be seen on the website or on My Pages.

The savings interest rate depends on the type of savings account you have and will be displayed when you open the account. For savings accounts with variable interest rates, the interest rate can be adjusted both upwards and downwards. For fixed-rate savings accounts, the interest rate remains the same throughout the term. You can view the current interest rate on our website or on the My Pages section.

On our website and via My Pages.

Your earned interest is deposited into your account on December 31st each year, as well as when the account is closed if you have a savings account with a variable interest rate. For fixed-rate savings accounts, the earned interest is paid out when the account's term expires or when the account is closed.

Yes, you can open multiple savings accounts.

No, there is no cost to open a savings account.

No, there is no annual fee for any of our savings accounts.

No, Froda only allows one account holder per savings account.

You can log in to your savings account by identifying yourself with BankID here.

No, you need to have BankID to open a savings account. Read about how to get a BankID here.

We need to verify your identity when you open an account, and we use BankID as a solution to do so.

The funds in a Savings Account + Froda that are distributed through Avanza Bank are held with Froda, just like our other savings accounts. If you have savings accounts with Froda both directly and through Avanza, the total amount in your accounts is combined, and the combined amount is covered by the deposit guarantee limit of SEK 1,050,000.

Go to My Pages and open your account overview. From there, you can click on your account and then close your account.

You can open a savings account by logging in with BankID here.

Yes, if you log in to My Pages, you can select “show closed accounts” and then click on the account you want to see transactions for.

Yes, when the interest is capitalized, a withholding tax of 30% is deducted, which Froda reports to the Swedish Tax Agency. You don't need to do anything.

At the end of the term, your savings account will switch to a variable interest rate. Your money, including earned interest, will then be available for withdrawal. If you want to continue with a fixed-rate savings account, you need to create a new savings account with the desired term and transfer the money to the new account.

If you are still dissatisfied with the response you have received, you can send a written request to klagomal@froda.se to be dealt with by the Frodas Customer Ombudsman, who is the complaints officer at Frodas. The Customer Ombudsman will then, in an impartial manner, review your case carefully and make a new assessment. Read more about how we handle complaints and what the written request should contain here.

If you are dissatisfied, please contact Frodas support@froda.se customer service in the first instance. We would like to clarify any problems or misunderstandings that have arisen in order to take your comments further.

We do everything we can to ensure that you as a customer are satisfied with our services. However, should a dispute arise between you and Froda that cannot be resolved by our customer service, you can submit your case to the National Board for Consumer Disputes (ARN). Froda participates in ARN's dispute resolution procedure and follows their recommendations for cases that are tried.

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You can reach the National Board for Consumer Disputes via:

Website: www.arn.se

Address: Postbox 174, 101 23 Stockholm, Sweden

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The EU Commission offers an online platform for resolving disputes arising from cross-border e-commerce transactions out of court. You can report your case in any official EU language via this platform.

We would love to know what you think, and appreciate feedback on your experience with our products and services so we can develop and improve them for you. If you would like to give us feedback, you can read more here to share your views. Your feedback will be reviewed by the person responsible for the product or service in question, and regardless of whether your suggestion can be implemented or not, we will respond to your feedback.

If a withdrawal has not gone through, it is because there were not enough funds in the account when the amount was to be reserved. The repayment of your loan is done automatically via direct debit, and in order for this to happen, there needs to be enough money in the account.

Log in to My Pages. Go to "manage bank accounts" under "my company". There you can add a new bank account and remove old account numbers. You must always have an account number that is linked to the company.

Yes, you can change your repayment account on My Pages.

If a payment has failed according to the payment plan, we will always try to withdraw the amount again on the next banking day.

If you have switched to a new repayment account, it takes up to two banking days before it is activated. Once activated, the direct debit and payment plan are linked to the new account, and it is shown as "active" on My Pages.

Yes, in most cases you can change your amortization rate. If you want to change your amortization rate, you can contact customer service at support@froda.se or 08-501 311 00 and we will help you.

If you want to make an extra repayment, you can do so under the "manage loan" tab. Select "extra repayment" and fill in the amount you want to pay back. The payment will then be made automatically via direct debit.

Yes, you can make an extra repayment on My Pages whenever you want.

When you make an extra repayment, the debt decreases, which leads to the total cost of the loan also decreasing. By default, the term of your loan will be recalculated and shortened to reflect the new debt. If you prefer to keep the term as it is but have your ongoing repayments reduced, you can log in and adjust the term under "manage loan" once you have logged in.

No, Froda does not charge any interest rate differential compensation, and it is completely free to repay the loan early. You only pay interest up to the day you settle the loan, the remaining interest cost for the term is written off.

By using direct debit instead of invoices, Froda can automate the repayment process so you don't have to pay invoices manually.

Yes, you can always pay off your loan early, regardless of how much time is left on your repayment period.

If you have the option to increase your loan, you can see your available loan amount when you log in to My Pages. If you want to increase your loan, just press the "borrow more" button next to your available amount, set how much you want to increase the loan by, how long you want the repayment period to be, and submit your application.

If you want to repay the entire loan early, you can do so by logging in to My Pages and clicking on "repay entire loan" under the "manage loan" tab. The amount you have left to repay will then be reserved in your account and debited via direct debit within 2 business days.

A credit market company is a company authorized by the Swedish Financial Supervisory Authority to conduct financing activities through lending and borrowing money.

You need to identify yourself with BankID when applying for a business loan so we can verify your identity and confirm you have the right to represent the company you are applying for. The credit assessment also analyzes your company's transaction data, and we need your consent to do so. BankID is the solution Froda uses for identification and to obtain consent to read transaction data.

The main difference between a bank and a credit market company is that a credit market company does not need to be connected to any payment system and therefore does not provide payments, card solutions, or transaction accounts.

We accept different types of security when you take out a business loan. The most common is that the borrower provides a personal guarantee for the loan, but you can also pledge different types of security for larger loan amounts, such as a mortgage or company mortgage. If you run a trading company or a sole proprietorship, you are always personally liable for the company's debts.

A personal guarantee means that one or more individuals take on the financial responsibility for someone else. In the context of business loans, a personal guarantee is sometimes used as security for the loan, where the owner, or someone else, acts as a guarantor for the company's loan. This means that the guarantor becomes personally liable to repay the loan if the company is unable to do so.

Interest rates and terms are individual and based on your company's sales, history, and data. Read more about our process and assessment under pricing & terms. The interest is the only cost you will pay for the loan. There are never any extra costs such as set-up, invoice, or administrative fees. The cost of the loan is affected by the loan amount, the repayment period, and your company's turnover and creditworthiness.

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To find out your price, just make a non-binding and free application. Should you get a lower price somewhere else, we will match that price through our lowest price guarantee. The guarantee otherwise requires comparable terms.

Only people with a connection to the company, such as board members or beneficial owners, can act as guarantors for the loan.

When you increase the loan, your old loan is combined with the new loan. So, you won't have separate loans; instead, you'll get a new consolidated loan with updated terms.

An annuity loan means that you pay the same amount at each payment occasion during the entire loan period. The interest portion of the repayment is higher at the beginning of the loan and then decreases over time, while the amortization itself increases.

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Read more about annuity loans in our article Find your way in the interest rate jungle

Froda's business loan is an annuity loan where you can choose between daily and weekly amortization. Annuity means that each repayment is the same size, but the interest portion is higher at the beginning of the loan term, while the amortization portion is smaller. As you repay the loan, the interest portion for each repayment will decrease, while the amortization portion will increase instead. The repayment of your business loan then takes place automatically via direct debit during the loan period.

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For loans over 1.5 million SEK, the loan is repaid monthly.

Yes, on My Pages you can add users and control which permissions users have under "manage users" in the menu.

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Read about more features.

All your monthly reports can be downloaded under "accounting material" in the menu when you log in. The reports for the previous month are generated and available for download on the 1st of each subsequent month. At the end of the year, an annual report is also generated.

You can check the status of your application by logging in to My Pages.