Svensk Hypotekspension AB is a housing credit institution with a mission to contribute to a valuable and meaningful life for seniors. With the equity release product called Hypotekspension, we have since the start in 2005 helped over 16 000 homeowners, aged 60 and over, to access money from the value of their homes.
Svensk Hypotekspension has offices in Stockholm, Gothenburg and Malmö.
Svensk Hypotekspension was acquired by Nordax Bank in 2019 and was the first company to offer equity release in Sweden. Key features that make the product a good fit for seniors is the absence of monthly costs due to no amortization and running interest. Instead, the accumulated interest costs are continuously added to the loan and only paid when the home is sold.
With a diversified offering through three brands, Nordax Bank, Bank Norwegian and Svensk Hypotekspension and 2 million consumers, we have the size, skill, and scale to enable healthier finances for more. NOBA collects specialized, customer centric financial offerings that is sustainable for the individual, the bank and the society at large, today and tomorrow. NOBA Bank Group AB (publ) (“NOBA”) is owned by Nordic Capital Fund IX, Nordic Capital Fund VIII and Sampo. Today the NOBA group has approximately 650 employees and is active in 7 markets.
As of 30 June 2023, lending to the public amounted to SEK 101.5 billion and deposits to SEK 87.2 billion.