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.
*The credit product itself is provided by our trusted lending partner Montold Asset Management, who reviews your application and makes the final decision on the offer. Finom acts as a loan broker and communication provider in this process – we’re here to support you, but we’re not the lender.
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, then read and accept the Credit agreement. You can find your weekly payment amount and full repayment schedule in the agreement. Please note that this agreement is between you and our lending partner, not Finom.
3. Confirm with the code sent via SMS or in the mobile app
4. Your request will be processed, and after the partner approval, funds will be transferred to your Finom wallet
Track your repayment schedule
Every time you withdraw funds from your credit line, your repayment schedule updates automatically, combining all active tranches into one weekly repayment. Here's how to check it:
Go to the Credit Dashboard and click on “Payment schedule”
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 terms and conditions
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.
*The indicated credit limit is not binding, and any credit application is subject to the approval of the credit-issuing entity. The credit facilities are issued by SME Lending Fund MTDA GmbH & Co. KG, which is registered with BaFin (ID 70173539) and managed by Montold Asset Management GmbH (BaFin ID 10156973), with Finom Growth GmbH acting as the loan broker (§ 34c GewO). This fund addresses investors in Germany who are professional or semi-professional investors as defined in the German Capital Investment Act (KAGB).