The credit is an overdraft facility which means that you can convert one or several transactions to part pay them over a number of months.

This means the ceiling of  the total sums made  available under the credit  agreement.

The credit limit is 10 000 SEK.

This means how and when you will obtain the money.

You use the credit when you have made a transaction from you P.F.C. account and wish to convert the transaction to part pay it over a number of months instead. You must actively choose to convert a transaction to part pay.

The credit is valid until further notice.

Instalments are made in accordance with the payment plan chosen by you when you convert the  transaction to part payments.  The number of part payments and the size of them is demonstrated to you in the process of  converting a specific transaction to part payments.

In the regular payment plan, amortization and standard fees are included. The credit is repaid as an  annuity in equal repayments monthly. The size of the monthly amount is dependent on the original  amount of the transaction converted and the number of months of which you choose to repay over.

The deduction is made in the following order: capital, monthly fee, reminder fee and thereafter  interest on overdue payment.

This means the amount of  borrowed capital plus  interest and possible  costs related to your  credit.

The total amount to be paid is demonstrated to you in the process of converting a specific  transaction to part payments. Interest and fees will be included in the total amount.

The size of the  total amount is dependent on the original amount of the transaction converted and the number of  months of which you choose to repay over.

At a fully used credit of 10 000 SEK repaid during 12 months, the total amount to be paid is  10 960 SEK.

No interest is charged for Part Payments, instead you will be charged a monthly fixed fee. The size  of the fee depends on the size of the transaction that you convert to part payments.

These are the  applicable fees: 

This is the total cost  expressed as an annual  percentage of the total  amount of credit. The APR is there to help you compare different offers.


A fully used credit of 10 000 SEK used to covert a transaction to a repayment over 12 months, gives  the annual percentage rate of charge of 18,71%.

Other ways of using the credit may result in a higher annual percentage rate of charge. 

Examples of annual percentage rate of charge based on different sizes of transactions converted  and repayment period.

— an insurance policy securing the credit, or
No, we do not require any specific insurance.

If the costs of these  services are not known by  the creditor, they are not  included in the APR.

– Another ancillary  service contract?
Yes, you have to enter into an agreement with us for use of the P.F.C. App. You also need to enter into an agreement with us and Svea Bank AB regarding use of the P.F.C. card. These contracts do not come with any direct extra cost at a normal use and can only cause costs if you do an unarranged overdraft.

No.

You must have a P.F.C. account (payment account) to be able to use the credit and to be able to amortize and repay the credit.

Missing payments could  have severe  consequences for you  (e.g. forced sale) and  make obtaining credit  more difficult.

If payment is not made in time, we will send you a reminder and you will be charged a statuary  reminder fee, currently 60 SEK. If the debt is sent for debt collection you will be charged statutory  collection fees and other costs that we have in order for us to be able to make collections and get  paid. The standard monthly fees we charge you is capitalized after Interest on overdue payment is  charged based on the capital.

In addition to the costs mentioned above, we will charge you interest rate on late payment of the  reference rate (Sw. referensräntan) with a surcharge of 24 percentage points.

You have the right to withdrawal within 14 calendar days.

You have the right to repay your credit at any time. You can do that in the App when you do your regular monthly payment. You can always contact our customer support at hello@getpfc.com if you want to fully repay the credit and haven’t received any invoice in the App.agreement within a period of 14 calendar days.

The creditor is entitled to compensation in the case of early repayment
–No. You only have to pay for costs and interest up until the full repayment of the credit.

The creditor must inform  you immediately and  without charge of the  result of a consultation of  a database, if a credit  application is rejected on  the basis of such a  consultation. This does  not apply if the provision  of such information is  prohibited by European  Community law or is  contrary to objectives of  public policy or public  security.

If your application is rejected based on the results of a search of an external database the creditor will, without any cost, inform you of the result of the search.

You have the right, upon  request, to obtain a copy  of the draft credit  agreement free of charge.  This provision does not  apply if the creditor is at  the time of the request  unwilling to proceed to  the conclusion of the  credit agreement with  you.

Contact our customer support at hello@getpfc.com for more information.

The period of time during  which the creditor is  bound by the pre contractual information

‍This form does not constitute any legally binding offer.

Registration: The creditor is registered in the Swedish Companies Registration Office’s Trade Register (Bolagsverket) 851 81 Sundsvall under reg. no. 556851-3112. The Creditor is a payment institution registered by the Swedish the Financial Supervisory Authority (Finansinspektionen).

The supervisory authority: As a financial company, we are under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). They can be contacted at the visiting address Brunnsgatan 3 in Stockholm and postal address Box 7821, SE-103 97 Stockholm. The phone number is 08-787 80 00 and the email address is finansinspektionen@fi.se. Our business with credits to consumers is under the supervision of the Swedish Consumer Agency with address Konsumentverket/KO, Box 48, SE-651 02 Karlstad. The phone number is +46 (0)771-42 33 00.

As a financial company, we are under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). They can be contacted at the visiting address Brunnsgatan 3 in Stockholm and postal address Box 7821, SE-103 97 Stockholm. The phone number is 08-787 80 00 and the email address is finansinspektionen@fi.se. Our business with credits to consumers is under the supervision of the Swedish Consumer Agency with address Konsumentverket/KO, Box 48, SE-651 02 Karlstad. The phone number is +46 (0)771-42 33 00.

Right of withdrawal: Yes.

Exercise of the right of withdrawal: You have a right to withdraw from a credit agreement. The period of withdrawal is 14 days from the  day of the conclusion of the credit agreement, however not until you have received the agreement  and the terms and conditions. The right of withdrawal can be exercised by sending us a message  about your request, preferably by contact with our customer support.

If you do not use the right of withdrawal within the period stated above, you lose the right to  withdraw from the credit agreement. If you use your right of withdrawal, you shall within 30 days of  the message about withdrawal to us, pay the amount you have received from us and interest and  fees for the period of which you have had the credit. For avoidance of doubt, the right to withdrawal  refers to the credit agreement and not the service or product that you have used the credit for. If  the credit is not fully repaid within 30 days, you will be obligated to pay default interest and  possible extra costs/fees.

Swedish law.

The Credit Agreement shall be governed by the substantive law of Sweden. Any dispute arising in connection to the Credit Agreement shall be settled in Swedish general court.

Swedish.

Many of our terms and conditions are available in English as a service to the customers. The  creditor is however not obligated to provide any information in English.