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How to use Finom Credit Line

This article describes a feature currently available only for the clients with the business activity registered in the Netherlands

Elena avatar
Written by Elena
Updated over a week ago

Once your credit line is approved, you can start using it right away to support your business needs. Managing it is simple and fully digital – from withdrawing funds to tracking repayments.

Here’s everything you need to know.

Access your credit line

You can always see your available credit limit on the left-hand side of your Finom dashboard. This widget displays:

  • Your available credit limit

  • A progress bar showing how much of your credit has been used

  • Button “Transfer to wallet” to transfer funds directly

To manage your credit line, click on the widget and go to your Credit dashboard – your central hub for everything related to your credit line:

  • Payment schedule

  • Credit line details

  • History of credit transactions

  • Credit line settings

  • Documents

Withdrawal of funds

You can transfer funds from your credit line to your wallet in a few clicks:

1. Click “Transfer to wallet” on the credit widget or the Credit Dashboard.

2. Enter the amount you want to withdraw

3. Confirm with the code sent via SMS or in the mobile app

4. Your funds will be transferred instantly to your Finom wallet

Track your repayment schedule

Every time you withdraw from your credit line, your repayment plan updates automatically. Here's how to check it:

  1. Go to the Credit Dashboard and click on “Payment schedule”

  2. View your payment schedule – it’s split over 26 weekly annuity payments (6 months), including both principal and interest

All withdrawals and credit repayments will appear in your credit transactions (tab “History”).

How does the repayment work?

  • Automatic Repayment: You don’t need to worry about paying manually – Finom will deduct your weekly repayment automatically from the wallet you selected for repayments. Just ensure that your wallet balance is sufficient before the payment date.

  • Stay Informed: We’ll notify you in advance of upcoming payments.

  • Insufficient Funds: If there isn’t enough money in your wallet to cover a repayment:

    • You’ll receive a notification

    • An alert will also appear on your Credit widget and dashboard.

What Happens If You Miss a Payment?

If a weekly repayment fails, here’s what you need to know:

  • The debt will be marked as overdue, and you will see an overdue alert in the widget and on the dashboard.

  • Your credit line will be frozen immediately – you won’t be able to withdraw more funds until the missed payment is resolved

  • Late fees or penalties may be applied, depending on your agreement

  • Interest continues to accrue on the outstanding balance

  • Future credit eligibility may be impacted

To avoid this, make sure your wallet has enough funds to cover weekly payments.

If you have more questions, you can check our FAQ page or contact our Customer Care team in the in-app chat or by email at [email protected]

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