Nordax Bank AB

Nordax Launches New Payday and Personal Loans Service for Norway

Nordax will help people secure in Norway from 10,000 to 750,000 kroner to be repaid over one to twelve years, with clear up front monthly payments and no collateral required.


Oslo, Norway -- (SBWIRE) -- 12/29/2015 -- Personal loans are an essential financing option for anyone looking to make a major investment, whether it's buying a car, planning a holiday or even securing a home. These loans are essential, but that same necessity can result in punishing terms as companies take advantage of borrowers. Nordax Savings does things differently, and has just introduced clear and affordable loans both short and long term, with no need for collateral. They have published information on the service for Norway along with a calculator.

The lending service enables people to borrow between 10,000 and 750,000 kroner and repay the amount over between one and twelve years, with a floating interest rate of between 7.9% - 18.9%. All the information, including monthly repayment amounts, is provided up front before individuals even request the loan.

Thanks to their customer focused approach, the loan can be approved using electronic signatures kept secure and authenticated by BankID, while users are free to search without committing, and even large loans can be approved in just a couple of days, while payday or bridging loans can be approved even faster.

A spokesperson for Nordax explained, "We are thrilled to be able to offer people a personal lending service that responds to their needs without unnecessarily raising the stakes and repayments. We do not ask for collateral, unlike other lenders, and our experienced credit experts will always do their best to secure the very best loan agreement possible while customers are still under no obligation, so there is no reason not to give us a try and find out what we could offer. Our clean and simple loan calculator gives people accurate estimates up front that are invaluable for initial financial planning, as well as comparisons with other lenders."

About Nordax
Nordax is a leading Nordic niche bank offering competitive lending and borrowing to approximately 95,000 customers in Sweden, Norway, Finland, Denmark and Germany. They have nearly 200 employees and through their unique business model, they undertake all business from their office in Stockholm. Nordax was founded by five entrepreneurs with extensive experience in lending, and within ten years has created an organization based on knowledge, commitment and a personalized customer experience.

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