A money reserve available at any time
Choose your project!
Revolving credit is a permanent credit facility made available to you by Sodefina in the form of a cash reserve that you use freely, in whole or in part, according to your needs. Each repayment automatically replenishes your available reserve. The Decreto-Lei No. 133/2009 fundamentally reformed this product to better protect consumers: limited repayment period, enhanced information, mandatory annual contract review.
Sodefina revolving credit operates in two distinct modes. In cash mode, you use your reserve like a deferred debit card: amounts are debited the following month with no interest. In credit mode, you repay in monthly instalments at the APR specified in the contract. You choose the mode at the time of each use, giving you optimal flexibility according to your cash flow needs.
In accordance with Portuguese consumer credit law, the revolving credit agreement is subject to a mandatory annual review. Each year, Sodefina checks your financial situation and may maintain, reduce or propose an increase to your credit limit. You may cancel your contract at any time and at no cost, provided the balance is zero. The applicable APR is reviewed annually within the usury rate limits set by the Banco de Portugal.
Still not sure?
Sodefina helps you find the credit that's truly right for you.
Revolving credit
A reusable money reserve
- Between €500 and €6,000
- You only repay what you use
- The reserve automatically replenishes with each repayment
- Annual review of your contract
The personal loan
A loan suited to your projects
- Between €3,000 and €75,000
- From 6 to 180 months
- The borrowed amount is paid in one go into your bank account
- Fixed monthly payments throughout the term
Our benefits
Simplicity
Simulate and get your loan 100% online, from any device.
Speed
Instant preliminary decision and final answer within 24 business hours.
Security
Qualified electronic signature and protected data at every step.
Eligibility conditions
Required documents
Frequently asked questions — Revolving credit
Cash mode (or deferred debit) allows you to use your reserve without paying interest: amounts spent are debited from your bank account the following month, in one go. It is the most advantageous mode. Credit mode, on the other hand, allows you to repay in several monthly instalments, but interest is charged at the APR in your contract. You choose the mode each time you use your reserve. If in doubt, always prefer cash mode if you can repay the full amount the following month.
You can cancel your revolving credit agreement at any time and at no cost, provided your balance is zero (no amounts used and not yet repaid). To do so, send a written cancellation request (registered letter or secure message in your customer area) to Sodefina customer service. Cancellation takes effect within 7 working days. If your balance is not zero, you must first repay all outstanding amounts before cancelling.
Yes. At the mandatory annual review of your contract, Sodefina may propose an increase to your credit limit, subject to verification of your current solvency. You are free to accept or refuse this proposal. If you accept, the new conditions are communicated to you and you have 20 calendar days to accept or refuse, in accordance with article L.312-78 of applicable Portuguese law.