Nykredit review

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

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Our verdict

Nykredit suits Danish borrowers who already bank with the group and want a secured car loan or a home loan on the same relationship. The offer rests on a rate type of variable, an origination fee of 0 DKK and a maximum loan to value of 75%.

Key facts

Best for
Existing Nykredit banking customers funding a car, a home or home improvement work.
Fixed period
1 to 30 years (Source, checked September 26, 2026)
Maximum loan to value
75% (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, Equity-release (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Nykredit Bank A/S (Source, checked September 26, 2026)
Headquarters
Denmark (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Phone, Chat, Help-centre, Community (Source, checked September 26, 2026)
Official website
nykredit.dk

Loans

Term
120 months (Source, checked September 26, 2026)
Arrangement fee
0 DKK (Source, checked September 26, 2026)
Credit check
Hard (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
Must already be a BoligBank 360, BoligBank 365, Private Banking or Private Banking Elite customer and fund at least 20% of the price (Source, checked September 26, 2026)
Loan types
Car, Secured (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Nykredit Bank A/S (Source, checked September 26, 2026)
Headquarters
Denmark (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Phone, Chat, Help-centre, Community (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
Wikidata

Pros and cons

Pros

  • Car and secured lending under car and secured, with free early repayment on the basic car loan
  • Origination fee of 0 DKK on the electric car loan, with a term of 120
  • A direct lender rather than a broker, so pricing comes from direct lender itself
  • Support runs on phone, chat and help centre, covering phone and chat alongside self-service

Cons

  • Maximum loan to value of 75% ranks 246 of 293
  • The stated purpose is purchase, remortgage and equity release, so lending centres on the home rather than general borrowing
  • Eligibility starts with an existing BoligBank or Private Banking relationship, so an applicant has to move banking first
Nykredit

Ready to try Nykredit?

Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Drivers who already hold a BoligBank or a Private Banking account and want a car loan
  • Homebuyers and movers who fund a deposit themselves and want one bank for the mortgage and the car
  • Households planning home improvement work who want a secured loan against the property

Who should look elsewhere

  • Borrowers with thin deposits, since lending stops at 75%
  • Applicants with poor credit, as the check is hard
  • Readers wanting a fixed rate, since the stated rate type is variable

How Nykredit compares

Where Nykredit is available

Available
Denmark, Greenland

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

Frequently asked questions

Who can apply for the Nykredit electric car loan?+

Eligibility is limited to people who already bank with the group as a BoligBank, Private Banking or Private Banking Elite customer, and who put up a deposit themselves before the rest of the price. The group dates back to 1985 and is based in Denmark.

What does the car loan cost?+

The origination fee is 0 DKK on the electric car loan, with a term of 120. The rate is variable rather than fixed, so the rate type listed is variable and the balance can move with market rates.

How much can I borrow against my home?+

Lending reaches a maximum loan to value of 75%, which places it well down the field on this measure. That means the deposit stays large for most buyers, and the stated purpose is purchase, remortgage and equity release rather than wider borrowing.

What credit check does Nykredit run?+

The check on the electric car loan is hard, so an application is recorded on the credit file and the decision rests on the bank's own assessment. Applicants with a thin or damaged credit history can expect that assessment to count against them.

What kinds of loan does Nykredit make?+

The stated loan types are car and secured, covering car and secured borrowing. Home improvement is the listed use case, and the stated purpose is purchase, remortgage and equity release. Borrowing sits with the group as Nykredit Bank A/S, which has run since 1985.

Can I repay the car loan early?+

Free early repayment applies, so you can settle the basic car loan ahead of schedule without an exit charge. That makes it easier to clear the balance if you sell the car, change home or your income changes.

How do I reach Nykredit if something goes wrong?+

Support runs on phone, chat and help centre, so phone and chat are both available alongside a help centre and a community. The bank operates in Denmark and lends as Nykredit Bank A/S rather than through an intermediary.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Initial rate, APRC.

Nykredit

Nykredit

Existing Nykredit banking customers funding a car, a home or home improvement work.

9.1/10See alternatives

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