Fixed interest rates
Fixed interest rates of loans are determined on the basis of the loan period and the current interest rate level prevailing in the money and capital markets. They can be fixed during the whole loan period or a shorter period agreed on separately. Fixed interest rates are applied both to mortgage loans of personal customers and corporate financing.
Fixed interest rates applied to mortgage loans
You can select a callable fixed interest rate to mortgage loan.
Callable long term fixed interest rate mortgage
You can also select a longer-term fixed interest rate period of up to 15 years for a callable mortgage loan (LTFR). Then the loan period is 30 years and after the fixed rate period the interest rate will be changed to Nordea Prime rate + margin.
The longer-term fixed rate on a callable mortgage loan differs from the ordinary interest rate in relation to premature repayment of the loan. You can repay your callable fixed-rate mortgage loan prematurely anytime, and you will not have to pay any compensation for this to the bank. In certain cases the bank may even credit you for premature repayment of your loan. Due to these features, the callable fixed-rate mortgage loan is somewhat more expensive than the ordinary fixed interest rate.
Interest on a fixed-term investment account
The interest rate is determined according to the period and sum of the deposit.
