Standardized European Consumer Credit Information (SECCI)
Valid from 2023-11-23
Version 1.0.2
1. Identity and contact details of the creditor/credit intermediary
Creditor: Banq AB (559093-4534)
Address: Kommendörsgatan 30, SE-114 48 Stockholm
Telephone number (*)
Email (*): hello@pjum.com
Fax number (*)
Web address (*): www.pjum.com
If applicable
Credit Intermediary
Address
Telephone number (*)
Email (*)
Fax number (*)
Web address (*)
Not applicable.
(*) This information is optional for the creditor
Wherever ‘if applicable’ is indicated, the creditor must fill in the box if the information is relevant to the credit product or delete the respective information or the entire row if the information is not relevant for the type of credit considered.
Indications between square brackets provide explanations for the creditor and must be replaced with the corresponding information.
2. Description of the main features of the credit product
Type of Credit:
Credit Account.
The total amount of credit
This means the ceiling or the total sums made available under the credit agreement:
Individual amount approved after credit assessment (5.000 – 15.000 SEK).
The conditions governing the drawdown
This means how and when you will obtain the money:
Within 1 banking day through a bank transfer.
The duration of the credit agreement:
The agreement is valid until further notice.
Installments and, where appropriate, the order in which installments will be allocated:
Payment of utilized credit and fees shall be made every month by a direct debit deduction from The Account Holder's bank account or other offered payment options. The account holder must pay at least the minimum amount which is announced monthly on the account statement, an amount that is always at least SEK 300 per month.
If the account debt is less than SEK 300, however, the entire debt must be paid.
The total amount you have to pay
This means the amount of borrowed capital plus interest and possible costs related to your credit:
The total amount you have to pay
The total amount to be paid is stated in the monthly invoices. The total amount depends on the amount of credit used, the size of the installments and the repayment period. When utilizing a credit of SEK 10.000 for 24 months with a set-up fee of SEK 195 and an administration fee of SEK 60, the effective interest rate will be 33,40%. The total amount to be paid during the period will be SEK 12.989.
If applicable
The credit is granted in the form of a deferred payment for a good or service or is linked to the supply of specific goods or the provision of a service
Name of good/service
Cash price
Not applicable.
If applicable
Sureties
This is a description of the security to be provided by you in relation to the credit agreement.
Not applicable.
If applicable
Repayments do not give rise to immediate amortization of the capital.
Not applicable.
3. Costs of the credit
The borrowing rate
Month 1: 0% fixed interest rate.
From month 2: 25,25% floating interest rate.
Annual Percentage Rate of Charge (APR)
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 credit of SEK 10000 for 24 months with a set-up fee of SEK 195 and an administration fee of SEK 60 if credit isn’t re-payed as a whole month 1, the effective interest rate will be 33,40%. The total amount to be paid during the period will be SEK 12.989.
Is it compulsory, in order to obtain the credit or to obtain it on the terms and conditions marketed, to take out
- an insurance policy securing the credit?
No.
- another ancillary service contract?
No.
Related Costs
If applicable
Maintaining one or more accounts is required for recording both payment transactions and drawdowns
No.
If applicable
Amount of costs for using a specific means of payment (e.g. a credit card)
No.
If applicable
Any other costs deriving from the credit agreement
Administration fee of 60 SEK if credit rolls over.
If applicable
Conditions under which the abovementioned costs related to the credit agreement can be changed
The monthly fee may be changed to the extent that it is justified by credit policy decisions, changed borrowing costs for the bank or other cost changes. Banq has the right to change the interest rate at any time during the term of the credit.
If applicable
Obligation to pay notarial fees
Not applicable.
Costs in the case of late payments
Late payment fee of 60 SEK.
Late interest fee of +10% on overdue amount.
Missing payments could have severe consequences for you (e.g. forced sale) and make obtaining credit more difficult.
Additional fees will apply accordingly to Swedish regulations for debt collections.
4. Other important legal aspects
Right of withdrawal
You have the right to withdraw from the credit agreement within a period of 14 days.
Yes.
Early repayment
You have the right to repay the credit early at any time in full or partially.
Yes.
If applicable
The creditor is entitled to compensation in the case of early repayment
No
Consultation of a database
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.
Yes.
Right to a draft credit agreement
You have the right, upon request, to obtain a copy of the draft agreement free of charge. This provision does not apply if the creditor is at the time of request unwilling to proceed to the conclusion of the credit agreement with you.
Yes.
If applicable
The period of time during which the creditor is bound by the pre-contractual information
This information is valid 30 days from application date.
5. Additional information in the case of distance marketing of financial services
(a) concerning the creditor
If applicable
Representatives of the creditor in your Member State of residence
Address
Telephone number (*)
Email (*)
Fax number (*)
Web address (*)
Not applicable.
If applicable
Registration
Not applicable.
The supervisory authority
Organization ID 516406-0807
Finansinspektionen, Box 7821, 103 97 Stockholm
(b) concerning the credit agreement
If applicable
The law taken by the creditor as a basis for the establishment of relations with you before the conclusion of the credit contract
Not applicable.
If applicable
Clause stipulating the governing law applicable to the credit agreement and/or the competent court
You have the right to withdraw from the credit agreement by leaving or sending a notice to this effect to Banq within 14 days from the date on which the credit agreement was entered into. If you exercise your right of withdrawal, you must repay the entire credit amount with the addition of accrued interest as soon as possible and no later than within 30 days. Interest is based on the day the borrower gained access to the credit up to and including the day it was repaid to the creditor. The bank shall, as soon as possible and no later than 30 days from the day when the bank received the borrower's notice of exercise of the right of withdrawal, repay the fees that the borrower has paid in connection with the credit, with the exception of the expenses that the bank may have paid to the public. Swedish law shall apply to the credit agreement. Disputes arising from the credit agreement shall be tried in a Swedish court.
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If applicable
Language regime
Information and contractual terms will be supplied in English. With your consent, we intend to communicate in English during the duration of the credit agreement.
(c) concerning redress
Complaints regarding Banq's products and services should be notified immediately to Banq´s complaints officer via e-mail: hello@pjum.com with 'Complaint' as a title. In case of dispute with Banq, the borrower has opportunity to turn to the Allmänna Reklamationsnämnden (ARN), Box 174, 101 23 Stockholm. For that ARN must try the case, there are, among other things, certain value and time limits. A report to the board must be in writing. The bank undertakes to participate in the General Complaints Board's processing of the dispute.
Existence of and access to out-of-court complaint and redress mechanism
(*) This information is optional for the creditor.