Home News Nordax Bank Launches A Collateral Free Borrowing Program That Will Extend Up...

Nordax Bank has announced the launch of a collateral free lending program that is looking to extend up to 500,000 Kr in loans. The Scandinavian bank noted in a statement that the provision of easily accessible unsecured consumer loans was one its immediate goals and urged customers in Norway and all Scandinavian countries to take advantage of this opportunity.

Nordax Bank also confirmed that the unsecured loans will be offered at very flexible terms in order to ensure a stress free loan experience for each client. Morten Falch, the Bank’s CEO, noted that providing flexible loans has always been one of the drivers of success for the bank over the years and even for the unsecured consumer loans it will be no different.

Mr. Falch also added that Nordax Bank had already built a strong reputation in the market as a sincere and honest lender in Scandinavia. He said “We all work in the same building in Stockholm, no bureaucracy. Nordax is a humble, efficient niche bank. We are clear in our pricing with easy to understand conditions – no small prints and no surprises. We started from scratch and work from one core platform – we have no legacy issues”

The dominance of Nordax Bank in Scandinavian banking is all too clear. According to 2015 audited reports the amount of loans extended to customers as of June 30th the same year had reached up to 10.4 Billion SEK. On the other hand, customer deposits during the same period reached 6.4 Billion SEK, one of the highest in the market. The commitment the bank has shown to serve with excellence in all Scandinavian nations and also Germany has never wavered and even in the Future, Nordax is expected to remain a major force in Scandinavian banking and lending.

The launch of this new collateral free lending program will surely come as a huge relief to clients looking to access credit solutions without any form of security. Nordax agrees that while unsecured loans have their own risks, the lender has set in place a data driven strategy in assessing loan requests with the sole aim of offering flexible credit products that work for each client. Getting an unsecured loan has never been this easy and Nordax is making it happen. For more information feel free to visit the bank anytime.

About Nordax

Nordax is a leading bank serving customers in Sweden, Norway, Denmark, Finland and Germany. The bank has nearly 100,000 customers and prides itself as one of the most ideal banks to get flexible secured and unsecured loans. Nordax bank is regulated by the Swedish Financial authorities and operates under financial regulations set forth in the country. Feel free to visit its website today for more information.