Contents
Monthly billing
Defacto bills interest monthly, based on the outstanding balance from the previous month.
Invoice posting: On the 1st of each month, we will post the invoice for all outstanding loan amounts of the previous month.
Invoice-based loans
Interest collection: Within the first three days of the month, we collect interest by SEPA Direct Debit.
Here is a diagram to help you visualise the monthly interest payments.
Treasury Flex
No monthly collection: Treasury Flex fees are deducted upfront when the loan is issued (see "Upfront fee deduction" section below). The monthly invoice is issued for information purposes only, for your accounting records.
Your invoices
At the beginning of the month, we send you an invoice by email.
You can find all your interest invoices in the "Fees" tab of your customer account. From this page, you can view and download your invoices for your accounting records.
⚠️ Any interest invoice unpaid 7 calendar days after the payment date will result in the suspension of your account.
Our fees explained
When you take out a loan with Defacto, we charge interest, which is not subject to VAT.
Invoice-based loans
For greater flexibility, Defacto applies a daily interest rate on the amount financed, on a "pay what you use" basis: as soon as the loan is repaid, interest stops accruing.
Interest is calculated based on the amount borrowed and the number of days of the loan:
Interest = Daily interest rate x Amount borrowed x Number of days borrowed
💡 Example: you want to finance a €500 invoice over 30 days and your rate is 0.05%. Here's the calculation: 0.05% × 30 × 500 = €7.50 (or 0.0005 × 30 × 500).
Treasury Flex
Treasury Flex is charged at 1% per month on the outstanding balance.
As you repay part of the loan each month, the amount on which fees are calculated decreases progressively.
Upfront fee deduction
Unlike invoice-based loans, Treasury Flex fees are deducted directly from the amount paid out when you accept the offer.
| Amount |
Amount requested | €20,000 |
Estimated fees over 6 months | €700 |
Amount credited to your account | €19,300 |
Principal to repay (in 6 instalments) | €20,000 |
You receive €19,300 and repay €20,000 in 6 monthly instalments of ~€3,333.
Early repayment: refund of overpaid fees
If you settle your Treasury Flex loan before the end of the scheduled term, Defacto refunds the fees you overpaid.
| Amount |
Initial loan | €20,000 over 6 months |
Fees deducted upfront | €700 |
Full repayment at month 3 |
|
Actual fees (3 months) | ~€400 |
Defacto refunds you | ~€300 |
The refund of overpaid fees is processed automatically after your loan is settled.
Late Repayment and Penalty Fees
In the event of late payment, Defacto applies penalties comprising daily late interest and Direct Debit rejection fees, both of which are not subject to VAT.
These penalties are added to your next invoice, accessible from the "Fees" tab of your customer account.
Daily Late Interest
⚠️ The increased daily interest rate applies after your selected repayment date, except for SEPA processing delays due to weekends and bank holidays.
⚠️ If you changed your payment date, we take the new date into account, so your payment is only considered late after that date.
Calculation
A daily late interest rate of 0.1% is applied to the overdue loan amount until it is repaid in full.
Formula: Late Interest = 0.1% × overdue amount × days late
Direct Debit Rejection Fees
A €40 fee applies for each rejected Direct Debit.
Example
💡 A €1,000 Direct Debit is rejected and repaid 10 days later:
(€1,000 × 0.1% × 10) + €40 = €50
To understand more about our fees: