Early closure fee charged on loans other than fixed interest loans drawn down from KOP bank prior to 1 January 1994

No early closure fee is charged on the premature repayment or payment of a loan tied to the base rate, the Euribor rate of the bank’s Prime rate.

An early closure fee is charged on a loan tied to a long market rate for a payment exceeding the repayment schedule during a loan interest determination period as follows:

  • If the long market rate has fallen by more than 1.0 percentage points, the fee is 0.75% for each full year calculated from the payment date until the end of the current interest determination period; however, not more than 3%.

An early closure fee is also charged when the reference rate of a loan tied to a long market rate is changed in the middle of an interest determination period. The value of the long market rate is compared to the value of the new selected reference rate.

An early closure fee is charged only if the market rate prevailing on the payment date is over one percentage points lower than the market rate applicable to the loan.
No early closure fee is charged on loans intermediated out of government funds.

Housing loan products Interest rate hedging Housing loan products

Housing loan

Apply for a housing loan that suits your needs from Nordea

With Nordea's housing loan you can realise your dreams – buy a home, build a house or purchase an investment property.

Interest rate collar

Stability to reference rate changes

The interest rate collar is a new kind of interest rate hedging product with which you ensure that the reference rate on your loan stays within the agreed limits and will not exceed the agreed maximum level during the validity of the hedge.

OwnGuarantee

An OwnGuarantee helps you to acquire a home with a small start capital

With an OwnGuarantee, you need less savings for financing a new home, and you may not need any other security for your housing loan.

Interest rate cap

Don't let the interest on your housing loan get out of hand

With an interest rate cap, you can make sure that the reference rate on your loan will never exceed a certain level. An interest rate cap can be taken for an old or a new loan.

ASP loan (ASP account)

Save 10% of the price of a new home in an ASP account, and we will lend you the rest

You can open an ASP account if you are aged between 18 and 39.

HomeFlex

Large purchases with a small monthly payment

Is your home in need of refurbishing or is your housing company planning to renovate its plumbing? HomeFlex will free up your home equity so that you can realise your.

FlexiPayment

FlexiPayment can be added to a new loan as well as to existing ones

When you have FlexiPayment linked to your housing loan, you can decrease or increase the monthly instalment on your loan – or even skip the instalment for a month without notifying us.

Pay your own share of a housing company loan

Does the charge for financial costs you are paying your housing company seem too high?

If you take your share of the housing company loan in your own name, you get two advantages: you can tailor the monthly payment to suit your finances and you get a tax benefit.

Interest rate hedging

Interest rate collar

Stability to reference rate changes without a separate fee

The interest rate collar is a new kind of interest rate hedging product with which you ensure that the reference rate on your loan stays within the agreed limits and will not exceed the agreed maximum level during the validity of the hedge. You can link the interest rate collar either to a new loan or your existing loan.

Interest rate cap

Don't let the interest on your housing loan get out of hand

With an interest rate cap, you can make sure that the reference rate on your loan will never exceed the agreed maximum level. An interest rate cap can be taken for an old or a new loan.

Fixed interest rate

When your loan has a fixed interest rate,

you will know the exact amount of your monthly instalments during the fixed interest period.

Advice on housing

Man sitting thinking by house 

Interest rate hedging makes life secure

With the right interest hedging products, you can protect your finances even when market interest rates change drastically.

Woman looking out of window 

Two alternatives

FlexiPayment gives you leeway for your monthly loan repayment. Another alternative is to extend your instalment-free period. See which one suits you better.