ASP loan

By saving you can get a home of your own at a fair price

If you start saving right away, you can have the necessary 8 deposit lots saved and buy a home before the payment period of the state home saving bonus of 3,000 euros ends on 31 December 2011.

When you save at least ten per cent for the price of your home, we will lend you the rest. You can open an ASP Account if you are between 18 and 30 years of age. An ASP loan is composed of an ASP interest-subsidised loan and a possible additional loan. You may obtain additional loan when the interest-subsidised loan is not enough for buying a home. An interest-subsidised loan has a maximum limit depending on the locality. The home you buy and the partial state quarantee will serve as security for the ASP loan.

Benefits of an ASP to you 

• If you fulfil the ASP requirements and if you buy a home during 1 July 2009 and 31 December 2011, you receive an extra home saving bonus of 3,000 euros from the State.
• In addition to annual 1% VAT-free deposit interest, Nordea pays 4% of additional interest on an ASP account for the account opening year and the next five years as of 1 September 2009.
• The interest on the interest-subsidised ASP loan is lower than on corresponding new housing loans.
• If the loan interest rate rises over 3.8 per cent, the State pays part of the loan interest as interest subsidy during the first ten loan years.
• You can take out an inexpensive ASP loan from Nordea even if your ASP Account was in some other bank.