Via our collaboration with Ecster, we are able to offer private individuals an account credit facility allowing you to pay for your purchases in instalments. At the checkout, you choose to pay in instalments and select the number of months over which you want to divide up the amount to be paid. At any time, you can choose to pay the entire amount due.
At the time of purchase, a credit assessment is made which may involve credit information being obtained. A copy of the credit information is sent to your home address. The lender is Ecster AB. Ecster is a registered credit market company with a license to conduct banking operations pursuant to the Swedish Banking and Financing Business Act (2004:297). Ecster is under the supervision of the Swedish Financial Supervisory Authority and is registered with the Swedish Companies Registration Office.
In order to apply to pay in instalments, you must be over 18 years of age and not have any records for non-payment of debt.
If you have previously paid for something by instalments through Ecster, you can use the same account and new credit information does not need to be obtained. If the credit limit on the account is too low for your purchase, you simply apply for the limit to be increased.
Example: For a purchase of SEK 10,000 the arrangement fee is SEK 0 and the administration fee is SEK 29. The annual interest rate is 13.82% which corresponds to an effective annual percentage rate (APR) of 18.74%. The total amount you will have to pay is SEK 10,981. There would be 12 instalments and each instalment repayment would be SEK 915. The example is calculated on an assumed repayment period of 12 months and based on fully utilised credit.
Standard european consumer credit information
When you pay by instalments you have the opportunity to receive a credit card. The card is linked to the credit on the account and it is connected to the Mastercard network. You can use the card to pay for purchases and withdraw cash from ATMs – all over the world. You receive a bonus on all your purchases and each month you get details of advantageous offers and card benefits.