STANDARD EUROPEAN CONSUMER CREDIT INFORMATION

1. Creditor’s name and contact details

Creditor
Adresse

Arvato Finance A/S
Østbanegade 55, 2. tv.
2100 København Ø
Phone
E-mail
Fax
Website
+45 70272795
finans.dk@arvato.com
+45 70272796
https://www.afterpay.dk

2. Description of the main features of the credit product

Type of credit Running credit; annuity loan
Total credit amount Depends on the individual agreement
Terms of use The credit is made available upon entering an instalment payment agreement and is used for payment of purchased goods by agreement.
Credit agreement maturity For account credit until further notice.
For instalment-payment credit until the credit is repaid.
Payments and the order in which they are settled For an Afterpay Flex Payment of DKK 5000, which is to be paid over 12 months, you will pay DKK 500,84 for 12 months. The amount is including the monthly administration fee of DKK 25.
For an AfterPay Part Payment solution of DKK 5.000, which is to be paid over 12 months, you will pay DKK 495,75 for 12 months. The amount is including the monthly administration fee of DKK 25.
Each payment will be distributed as follows:
  1. Duties/fees
  2. Interests
  3. Principal amount
The total amount you will pay when selecting Flex Payment

The total amount you will pay when selecting Part Payment
DKK 7.500 – 12 måneder – i alt at betale DKK 8.781,90
DKK 5.000 – 12 måneder – i alt at betale DKK 6.010,03

DKK 7.500 – 12 måneder – i alt at betale DKK 8.720,91
DKK 5.000 – 12 måneder – i alt at betale DKK 5.949,05
Name of the goods/service and cash price In accordance with the purchase agreement underlying the credit agreement.

3. Credit Costs

Credit interest rate for accounts and instalment-payments. 1,63% i rente om måneden.
Effective annual costs on Flex Payment

For an AfterPay Flex Payment of DKK 7.500, which is to be paid over 12 months with a monthly administration fee of DKK 25, the effective annual costs will be 34,73 %

For an AfterPay Flex Payment of DKK 5.000, which is to be paid over 12 months with a monthly administration fee of DKK 25, the effective annual costs will be 41,77 %

Effective annual costs on Part Payment:

For an AfterPay Part Payment of DKK 7.500, which is to be paid over 12 months with a monthly administration fee of DKK 25, the effective annual costs will be 32,93 %

For an AfterPay Part Payment of DKK 5.000, which is to be paid over 12 months with a monthly administration fee of DKK 25, the effective annual costs will be 38,97 %

Is there a requirement to have an insurance policy There is no requirement to have an insurance policy or other additional services to enter into the credit agreement.
Requirements for any other additional service  
Costs of the credit You pay a cost at the opening of the credit agreement that will cover AfterPay's costs of arranging the credit. This fee is called "Arrangement Cost" and amounts to DKK 95.
A monthly administration fee of DKK 25 will be charged
Costs associated with late payment If AfterPay has sent a written reminder, you will also be charged a statutory reminder fee of DKK 100. Interest on late payment in Flex and Part Payment agreements will be 19.5% per year. In addition, statutory collection costs may be incurred in cases where the case is handed over to a debt collection agency.

4. Other important legal aspects

Right of withdrawal You can always withdraw from the credit agreement within 14 days from the date of the agreement by notifying AfterPay and indicating that you want to cancel it. It costs you nothing except the interest that has arisen while you have the credit.
Early redemption of all or part of the credit You can always redeem your credit in whole or in part at no additional cost. Contact customer support by phone on +45 7027 2795 or mail kundeservice@afterpay.dk for information about exactly what amount you need pay to end the credit.
Searching in a database A credit assessment is made by checking in AfterPay's internal registry and/or by checking with external credit reporting companies. If AfterPay conducts credit checks using external credit reporting companies, you will receive information about which company has provided the credit information and what credit information has been issued. This applies regardless of whether the credit has been granted or denied.
Right to contract draft You are entitled to receive a draft agreement free of charge. If you so require it, contact Customer Service +45 7027 2795 or mail kundeservice@afterpay.dk.

5. Further information regarding distance selling of financial services

Registration AfterPay is registered with Arvato Finance A/S, CVR-nr.: 34207291.
Supervisory authorities In Denmark the Ombudsman conducts supervision on marketing and other consumer protective laws. See also www.forbrugerombudsmanden.dk.
Language Terms and conditions and the Privacy Statement can be found in Danish and English.
Right of withdrawal The agreement can be terminated by sending a message to AfterPay at kundeservice@afterpay.dk, within 14 days from the start of the agreement. In the event of failure to terminate the agreement as set forth herein, you are bound by the agreement and its terms and conditions.
Existence of and access to the mechanism for complaints and judicial review. In case of a complaint, please contact AfterPay at the following address:

Arvato Finance A/S
Østbanegade 55, 2. tv.
2100 København Ø

Phone: 70 27 27 95
E-mail: kundeservice@afterpay.dk
You can also contact: Forbrugerklagenævnet. See www.forbrug.dk or 70 13 13 30 Monday-Friday 9-12.
Applicable legislation The agreements shal be construed in accordance to Danish law. Disputes must be settled by the court of Copenhagen.