Northmill 2.23.2

Join 600,000 others and enhance your personal finance with Northmill.

We are the top-rated bank in Sweden with a Trustpilot score of 4.7/5. Our primary mission is to improve your financial situation by leveraging cutting-edge technology, fostering collaboration, and maintaining a personal touch.

Through our app, you can conveniently manage your cards, savings, loans, and insurances all in one place. We are continuously evolving our services and welcome feedback and suggestions!

• Free Card & Account with Interest

  Enjoy a card without withdrawal or annual fees, with no currency exchange fee when traveling abroad. Additionally, earn 2% interest on your account from day one. Choose between a purple or green card made from recycled plastic and access it instantly with Apple Pay. Don't miss the chance to get what we believe is Sweden's most stylish bank card.

• Save Money

  Looking for a savings account with government deposit insurance? Open a savings account with us and earn up to 4.05% interest so your money can work for you. The best savings are the ones that happen, and the sooner you start, the better off you'll be. Start saving today - your future self will thank you.

• Consolidate Your Loans

  With Reduce, consolidate your loans and credits up to 300,000 SEK. If you meet the terms on our website, we guarantee a reduced interest rate. Why have multiple loans when you can have one? Why pay more than necessary each month?

• Borrow Money

  Apply for up to 50,000 SEK through our revolving credit Revolve. Benefit from personalized interest rates, seamless transfers, and flexible repayments. You only pay for the amount you withdraw - the rest can stay as a secure buffer! Unlike a credit card, there's no annual fee for the buffer if left unused.

• More to Come...

  Stay tuned - there's much in store with us as we build the bank of tomorrow together. That means more is on the way - all the time.

About Northmill:

• Northmill Group AB (publ) was founded in 2006 and owns Northmill Bank AB and Northmill Flo AB. The group has 160 employees and operates in Sweden, Norway, Finland, and Denmark. Northmill Bank AB is supervised by the Swedish Financial Supervisory Authority and complies with the Banking and Financing Operations Act (2004:297).

Terms & Guarantees for Reduce:

• The guarantee for Reduce is valid under terms & conditions specified in the document "Guarantee Terms for Reduce Consolidation Loans," available on Northmill's website under "Terms."
• The repayment period for Reduce ranges from 1 to 15 years.

Indicated Interest Rates:

• All stated interest rates are current as of September 7, 2023. Changes in rates may occur, and we will update here as soon as possible; refer to the website for real-time information.

Pricing Example - Revolve Account Credit:

• Personalized interest rate: 7.9% - 24.9% (Effective rate: 9.22% - 31.47%)
• For a credit of 25,000 SEK at an annual interest rate of 16.9% (variable) over five years with 60 repayments, a withdrawal fee of 195 SEK and a monthly administrative fee of 19 SEK, the monthly payment would be 644 SEK (totaling 38,629 SEK) with an effective rate of 20.34%.