What information must be included in a SECCI form?

A SECCI form must include the key credit information required for comparison, including the amount of credit, the interest rate, applicable fees and the annual percentage rate of charge (APR), alongside other standardised consumer credit terms.

SECCI form

Q: What is a SECCI form?

A SECCI form is the Standard European Consumer Credit Information a lender must provide before a consumer credit agreement is concluded, presenting key terms and costs in a standardised format so offers can be compared.

Q: When does the SECCI form become relevant?

The SECCI form becomes relevant whenever a consumer is offered credit and must be provided in good time before signing, including scenarios such as personal loans, credit cards, overdraft facilities and instalment purchases.

We review and quality-assure SECCI forms and ensure correct credit information and compliance

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Explained – what is a SECCI form?

SECCI form is an abbreviation of Standardiserad Europeisk Konsumentkreditinformation. The English equivalent is SECCI – Standard European Consumer Credit Information. The form is part of the harmonised financial regulation governed by the Consumer Credit Directive. Its purpose is to ensure consumers receive uniform, clear information before entering into a credit agreement, for example for loans, credit cards and hire purchase. If you are asking “what is secci” or looking for the “secci meaning”, the SECCI form sets out standard european consumer credit information in a comparable format.

When does the SECCI form become relevant?

The SECCI form is relevant in all situations where a consumer is offered credit. The lender must provide the form before the agreement is concluded so that the consumer can compare terms and make an informed decision. This includes, for example, personal loans, overdraft facilities and instalment purchases requiring a credit agreement. In practice, anyone researching “what is secci” will find that the SECCI form applies broadly across secci consumer credit scenarios.

Illustration of a SECCI form being approved, showing standardised European consumer credit information and borrower confirmation.

Points to consider regarding the SECCI form

There are specific points credit providers should be aware of when it comes to the SECCI form.

The lender must provide the form in good time before the agreement is signed.
Information in the form must be standardised and comparable across different credit providers.
The form must include, among other things, the amount of credit, interest rate, fees and the annual percentage rate of charge (APR).
The consumer must be able to compare offers on equal terms.
The form is a legal obligation for credit providers and may be reviewed by supervisory authorities.
Deviations or deficient information can lead to legal consequences for the credit provider.

By understanding and using the SECCI form correctly, credit decisions become more transparent and fair for consumers.

SECCI form

Why is the SECCI form important?

The SECCI form is important because it promotes transparency in the credit market. Consumers receive clear information on costs, fees and terms that may otherwise be difficult to assess.

Through standardised information, consumers can compare different credit solutions on a fair basis. This strengthens consumer protection and makes it easier to understand the actual cost of credit while clarifying the secci meaning in practice.

For lenders, correct use of the SECCI form enhances regulatory compliance and builds trust. It therefore plays a central role in financial regulation, contributing to a more predictable market for both businesses and consumers and aligning secci consumer credit disclosures across providers.

A SECCI form contains standardised information on the amount of credit, interest rate, fees, repayment period and the annual percentage rate of charge.

The lender must provide the SECCI form before the consumer enters into a credit agreement. This gives the consumer time to compare different offers.

SEKKI is the Swedish term for Standardiserad Europeisk Konsumentkreditinformation, while SECCI is the English equivalent, Standard European Consumer Credit Information. The content is identical but presented in the relevant language, helping answer both “what is secci” and the “secci meaning”.

The SECCI form is based on the EU Consumer Credit Directive, which aims to harmonise consumer protection across the Union. This means all credit providers in the EU must use the same standard. The requirements ensure consumers receive a clear and comparable presentation of credit terms.

The form makes it easier to understand the financial consequences of a credit agreement. By consolidating key information in a uniform format, consumers have a clear basis for comparing lenders. Examples include:

All costs are presented in the same way.
Credit agreements become comparable across banks and credit providers.
Consumers can decide based on accurate and transparent information.

If the lender fails to provide a correct SECCI form, this may result in sanctions or supervisory measures. In the longer term, the lender’s reputation may also be harmed.