Nordea review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Nordea suits people already banking in Finland who want a cheap mortgage or a fast personal loan from their own bank. Its mortgage APRC is 3.4% against a site median of 4.9%, and FlexiCredit lands money the same day with an origination fee of 0 EUR.

Key facts

Best for
Existing Nordea customers in Finland covering a home purchase, a remortgage or home improvement.
Initial rate
3.21% (Source, checked September 26, 2026)
APRC
3.4% (Source, checked September 26, 2026)
Maximum loan to value
95% (Source, checked September 26, 2026)
Product fee
€300 to €640 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer, Home-equity (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Nordea Bank Oyj (Source, checked September 26, 2026)
Headquarters
Finland (Source, checked September 26, 2026)
Support channels
Chat, Phone, Help-centre (Source, checked September 26, 2026)
Official website
nordea.com

Loans

APR
8.7% to 15% (Source, checked September 26, 2026)
Loan amount
€2,000 to €50,000 (Source, checked September 26, 2026)
Term
12 to 96 months (Source, checked September 26, 2026)
Arrangement fee
0 EUR (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Paid to your account immediately after approval (daily 07:00-22:30) (Source, checked September 26, 2026)
Representative example
FlexiCredit 8,000 euros, margin 8.9%, 76 months: APR 15.0%, total 12,143.07 euros, 76 payments (April 2026) (Source, checked September 26, 2026)
Rate type
Variable (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Nordea customer with Nordea access codes, at least 18 years old, regular income, clean credit record, living permanently in Finland (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Nordea Bank Oyj (Source, checked September 26, 2026)
Headquarters
Finland (Source, checked September 26, 2026)
Support channels
Chat, Phone, Help-centre (Source, checked September 26, 2026)
Features
Same-day funding

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInXyoutube.com

Pros and cons

Pros

  • No origination fee on FlexiCredit, at 0 EUR.
  • Same-day funding: money reaches your account right after approval.
  • Free early repayment, so clearing the balance early costs nothing.
  • Support runs through chat, phone and help centre.

Cons

  • Hard credit check, and the credit needed is good.
  • FlexiCredit is variable, so the rate can move.
  • The mortgage product fee runs €300 to €640.
Nordea

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Scored 9.3 / 10 by BorrowCue.

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Who it suits

  • Nordea customers in Finland who can hold a clean credit record
  • Homebuyers or remortgagers wanting a low APRC
  • Borrowers funding home improvement who need money quickly

Who should look elsewhere

  • Sofkredit or Prestalo if you want a lower initial rate
  • Creditilia ES if you are not a Finnish resident, since Nordea covers Finland only
  • Anyone without a regular income or with a marked credit record

Where it sits among rivals

On APRC, Nordea sits at 19 of 145 brands, and its 3.4% reads well against the site median of 4.9%. The initial rate of 3.21% ranks lower, at 65 of 297. Maximum loan to value of 95% places it at 47 of 293.

Who runs it

The lender is Nordea Bank Oyj, based in Finland and lending directly rather than through a broker. It offers personal loans, so you deal with the bank itself. Help runs through chat, phone and help centre, so questions can go to chat, phone or the help centre.

How Nordea compares

Where Nordea is available

Available
Denmark, Finland, Norway, Sweden

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Nordea charge on a FlexiCredit personal loan?+

The APR runs 8.7% to 15%, and the rate is variable rather than fixed. The published example is priced on a margin basis over a set term, with monthly repayments and a total repayable quoted alongside it, and it sits at the top of the 8.7% to 15% range. Treat 8.7% to 15% as a range rather than a single quote.

How much can I borrow and for how long?+

FlexiCredit lends €2,000 to €50,000 over 12 to 96. The lender lists home improvement as its use case, so this is aimed at renovation spending rather than general borrowing. Larger sums go through the mortgage side instead.

Are there fees to arrange a Nordea personal loan?+

The origination fee is 0 EUR on FlexiCredit, so nothing to pay upfront for that loan. The mortgage is different: its product fee runs €300 to €640. Early repayment is free, which means clearing the loan sooner costs no extra.

How quickly will I get the money?+

FlexiCredit carries same day funding, so the money lands in your account as soon as an approval comes through, on a daily decision window that runs into the evening. That speed is the main reason to pick this lender over a slower one, and it suits repairs that cannot wait.

What credit check does Nordea run?+

The check is hard and the credit you need is good. You also have to be a Nordea customer who can sign in with access codes, hold a regular income, keep a clean credit record and live permanently in Finland.

What does Nordea offer on mortgages?+

The mortgage covers purchase, remortgage and first time buyer, with an initial rate of 3.21% and an APRC of 3.4%. Borrowing reaches a maximum loan to value of 95%, and the product fee runs €300 to €640.

How do I contact Nordea about a loan?+

Support runs through chat, phone and help centre, so you can start with chat, call by phone or work through the help centre. Nordea Bank Oyj operates from FI, and the lending is direct, meaning you speak to the bank rather than a broker.

Sources

  • nordea.fi checked September 26, 2026

    Backs: Headquarters, Legal entity, Support channels

    “Nordea Bank Oyj, Satamaradankatu 5, 00020 NORDEA, Helsinki”

  • nordea.fi/en/personal/our-services/loans/consumer-credit/... checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Credit needed, Eligibility, Features, Free early repayment, Funding time, Lender type, Loan types, Arrangement fee, Rate type, Representative example, Term, Use cases

    “FlexiCredit is an unsecured loan available from 2,000 euros to 50,000 euros”

  • nordea.fi/henkiloasiakkaat/palvelumme/lainat/asuntolainat... checked September 26, 2026

    Backs: APRC, Initial rate, Maximum loan to value, Product fee, Purpose

    “Todellinen vuosikorko on 3,4 %, ja siihen sisältyy 640 euron avausmaksu”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Fixed period.

Nordea

Nordea

Existing Nordea customers in Finland covering a home purchase, a remortgage or home improvement.

9.3/10See alternatives

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