NOBA offers tailored personal financial solutions and incorporates strong, responsible lending practices into our operations and throughout the customer journey. Along with promoting financial health, responsible lending is our most important process and a prerequisite for practicing what we preach. Our digital services make it easy for customers to contact the bank and do their banking whenever and however they want.
NOBA is a leading specialist in the Nordic market for credit assessment, considering multiple areas in the credit approval process. Each loan application undergoes a correct and satisfactory credit assessment using a tried and tested lending process. The assessment is conducted in accordance with good lending practices and NOBA's General Credit Policy, which aligns with external regulatory requirements. Customers must have a financial buffer, verified through methods such as a left-to-live-on analysis. The credit assessment process combines policies, assessment regulations, internal credit assessment models, and an estimate of the applicant's ability to pay. This ensures that loans are only offered to creditworthy individuals and households, and customers are never offered loans they cannot afford, to avoid contributing to over-indebtedness.