Nordic Revolving Credit Line - Overview
The Nordic Revolving Credit Line is a flexible credit offering designed to serve consumers with ongoing borrowing needs. Unlike a traditional loan that provides a one-time lump sum, this hybrid product allows customers to draw funds as needed within an approved limit, and pay them back over time in structured installments.
This isn’t a standard overdraft or fixed-term loan. It’s a modern, hybrid credit facility tailored to Nordic banking use cases and regulations, blending the accessibility of credit lines with the predictability of installment repayments.
What Can Banks Do With This Offering?
Offer tiered credit limits and multiple sub-contracts under a single main facility
Apply custom repayment rules, including interest-only periods, partial repayments, and forbearance options
Use for margin lending, high-cost credit, or promotional credit campaigns
Enable fee flexibility, such as up-front contract fees or tiered payout fees
Automate consolidated billing and repayment schedules across linked contracts
Key Highlights
Parent-child structure: Main contract with linked sub-contracts (withdrawals)
Terms flexibility: Change schedules mid-contract, apply promotional terms
Unified visibility: One view for all activity under a customer’s credit facility
Auto-generated schedules: Consolidated view of all repayments and fees
Real-time disbursements: Funds paid out immediately to designated accounts
How It Works (Flow Summary)
Product manager creates the Nordic Revolving Credit product in the Product Configuration module. Learn how to do that.
Credit contract is created for a customer (e.g. Eva Jensen). Learn more
Customer draws funds, creating sub-contracts (amortized loans) under the main facility
Consolidated repayment schedule and invoicing managed through the system
Payments are tracked and updated live, including additional withdrawals
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