B Secure is a customer portal-based convenience service that gives Bondora customers greater flexibility and added peace of mind. With B Secure, you receive repayment support that can help cover your loan repayments if you unexpectedly lose your job, become unable to work due to an accident, or pass away (subject to the applicable terms and conditions).
In addition, B Secure gives you the flexibility to manage your loan through the customer portal. You can choose your repayment date, change your loan term, or take a principal repayment holiday (interest-only period), all in just a few clicks.
All of this is available for just €19.99 per month, regardless of how many active loans you have.
B Secure costs:
The service fee for B Secure is €19.99 per month, regardless of the number of active loans or whether you use them.
- The B Secure fee is added to your monthly payment. The service fee is automatically deducted from your Bondora account balance once a month on the payment date following the payment schedule. Ensure that you have sufficient funds in your Bondora account to pay both the monthly loan payment and the B Secure fee.
- After activation of the B Secure service, the first invoice must be paid with the next monthly payment, regardless of whether the payment schedule has been changed.
- B Secure may apply to all your existing and future loan agreements and ends with your last loan agreement or when you cancel the additional service.
With the B Secure service you can:
- Set an interest-only period of 1-12 months on the principal (NB! During this period, you still have to pay interest and the B Secure service fee).
- Change the length of the loan schedule from 1-60 months.
- Change the monthly payment date to any date between 1-27.
Note: You do not need to select all options at once. If you do not select anything, the previous terms will continue to apply. For example, if you do not select a new payment date, the previous payment date will be used for the new payment arrangement.
How do you qualify for B Secure:
At B Secure, you can request a new payment schedule if you meet these conditions:
- If there is a single loan agreement, you must have made at least one full monthly payment within the applicable payment arrangement.
- If you have more than one loan, you can use B Secure only after you have fully made at least the first monthly payment under the new agreement.
- If you recently changed your arrangement using B Secure, you can use the service again if you have paid at least the full amount of one new scheduled monthly payment.
- B Secure can be used as long as the contract is not terminated and you have an active loan contract.
Please note that B Secure is not intended and cannot be used for situations where you are experiencing payment difficulties. In such cases, please contact customer service for assistance. All debt relief and repayment support measures offered by Bondora are provided free of charge
How do I cancel B Secure
You can cancel it at any time. Contact our Support team using the following LINK.