The bank for the new normal.

We drive change and challenge the inflexible mainstream banks.

A specialist bank with a clear focus

Nordax is a nordic specialist bank focused on financial inclusion and responsible lending. The company was established in 2003 and has over the years developed an unrivalled competence within underwriting which is the core of what we do. Nordax offers mortgages, equity release, consumer loans, and savings products and currently serve some 200 000 customers. We help people make informed decisions for a life they can afford.

Nordax employs approximately 300 professionals , all working in one office in Stockholm.  Nordax is owned by Nordic Capital Fund VIII and Sampo. Since January 2018 Svensk Hypotekspension (SHP), specialists in equity-release mortgages, is a fully-owned susbidiary to Nordax Bank. Read more about Svensk Hypotekspension here.

What we aspire to be and what we do every day

The go-to bank for the new normal.

We think differently, solve problems and embrace new perspectives. This way we drive financial inclusion and create opportunities for all.

We respect people, pitch in and think differently

We respect people.

We pitch in.

We think differently.

Responsible lending

Times are changing. Permanent employment is in decline and more people struggle to get at mortgage with the traditional banks. At Nordax we keep the door open but without compromising the requirements for our customers’ financial stability.

Our underwriting process is our core competency; it's thorough, sound and data driven. We pride ourselves in not taking any shortcuts. Consequently, our customers can always feel confident they will be offered a loan they can afford. Our customers can always make well-informed decisions in their own time, based on transparent and clear pricing models. This is how we earn their trust.

A successful business going forward

Sustainable business is central for our success. We are convinced that it generates long-term value for us and our stakeholders. If we take responsibility today we increase our conditions to run a successful business going forward. Our sustainability focus areas are Financial inclusion & responsible lending and Sustainable organisation.

Nordax is a member of Global Compact, and our ambition is to support Global Compacts 10 principles as well as UN’s 17 goals for Sustainable Development.

Governance, internal control and risk management

In order to achieve a robust governance, internal control and risk management framework, Nordax has adopted the three lines of defence model. The three lines of defence model is the primary means to structure roles, responsibilities and accountabilities for decision-making and risk management.