Terms and conditions
Terms and conditions of the loanOpens new window
Terms and conditions of pledgeOpens new window
Terms and conditions of guaranteeOpens new window
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What is a green housing loan?
You can get a green housing loan if you live in an eco-friendly home or are buying such a home. As a bonus, we offer interest rate hedging to your loan at a discount price and do not charge an arrangement fee – which means your finances will also benefit from the environmentally friendly choice.
Why do we offer green housing loans?
According to WWF, 30% of the greenhouse gas emissions of Finnish households are caused by housing. Most emissions arise from heating but also from water and electricity consumption. Nordea wants to reward its customers for making eco-friendly choices and encourage people to consider the environmental impact of housing.
Eligibility
Am I eligible for a green housing loan?
You are eligible for a green housing loan if your home or the property you are buying meets at least one of the following requirements:
- energy class AOpens new window * (read more in Finnish)
- Nordic Swan ecolabelOpens new window (read more in Finnish)
- At least two stars in RTS's classificationOpens new window.
*Class A in accordance with the 2018 act on energy performance on buildings or Class A or B in accordance with the 2013 act on energy performance certificates on buildings.
Terms and conditions of a home loan
Terms and conditions
Fees and prices of a home loan
Interest and fees on a home loan
The biggest expenses in a home loan consist of the loan margin you have negotiated and the reference rate chosen, such as the 12-month Euribor. However, a home loan often includes other smaller expenses, including an initial opening fee or repayment fees. The total of all these costs is expressed through the annual percentage rate of charge (APR).
Example of a home loan and the annual percentage rate of charge
Example calculation: You take out a loan of 150,000 euros. The loan period is 24 years and the interest rate is 4.20% (April 2024). The APR is 4.4%, including an opening fee of 600 euros and a monthly fee of 2.50 euros for the automatic debiting of loan payments. The number of payments is 288. The total amount of the loan and loan costs is 240,582 euros. The monthly payment (annuity) is 830 euros.
The amount of the loan, the loan period and the interest are a representative example for the home loans offered by Nordea. Please note that the example calculation above is indicative and does not necessarily correspond to the actual annual percentage rate of charge on the loan to be granted to you. You can check the fees and prices of our home loans from our tariff below.
Read more about home loan interest
Common fees on home loans
| Item | Price |
|---|---|
Arrangement fee* | 0,4% but at least 300 € |
| Increased arrangement fee for a loan with a third-party pledge or guarantee
The increase is not applied to interest-subsidised ASP loans | 100,00 € |
| Partial drawdown | 30,00 € |
| Automatic debiting of repayments of loans drawn down before 1 February 2021, per debit | 2,30 € |
| Automatic debiting of repayments of loans drawn down after 31 January 2021, per debit
| 2,50 €
|
Adding FlexiPayment to a home loan in Norden Mobile or Netbank
| 0,00 € |
Adding FlexiPayment to a new home loan by an employee at a branch or by phone/with a message through Nordea Customer Service | 0,00 € |
| Adding FlexiPayment to an existing home loan by an employee at a branch or by phone/with a message through Nordea Customer Service
(Adding FlexiPayment to an existing home loan always requires automatic debiting of loan payments, which is subject to a fee in accordance with our tariff) | 250,00 € |
| Advance notice of loan debiting by letter or through Netbank | 0,00 € |
| Loan payment, paper invoice | 4,10 € |
| Payment reminder to the borrower, guarantor or third-party pledger (per reminder) | 5,00 € |
| Change to repayment schedule in Nordea Mobile or Netbank | 150,00 €
|
| Change to repayment schedule by an employee at a branch or by phone/with a message through Nordea Customer Service | 250,00 € |
| Change to due date or loan servicing account in Nordea Mobile or Netbank (minor change to repayment schedule)
| 0,00 € |
| Change to due date or loan servicing account at a branch or by phone/with a message through Nordea Customer Service (minor change to repayment schedule)
| 50,00 € |
| Change of borrower or a situation where one of the borrowers assumes liability for the loan alone. ** | 200,00 € |
| Change to interest rate in Nordea Mobile or Netbank | 250,00 € |
| Change to interest rate by an employee at a branch or by phone/with a message through Nordea Customer Service | 300,00 € |
| Change to margin by an employee at a branch or by phone/with a message through Nordea Customer Service | 250,00 € |
| Obtaining a guarantor’s or pledge owner’s consent to change the loan terms and conditions, such as the repayment schedule or reference rate | 35,00 € |
| Transfer of a loan to another bank upon the customer’s request. Charged to the receiving bank. ** | 150,00 € |
| Sending loan documents. Charge from the borrower for sending a loan document to another bank for obtaining a guarantee or a signature, per sending (incl. VAT 24%). Does not apply to loans intermediated from government funds. | 30,00 € |
| Sending collateral to another bank | 30,00 € |
| Certificate requested by the customer stating the amount of debt and paid interest | 10,00 € |
Charges related to unsecured home loans drawn down after 1 September 2019
| Item | Price |
|---|---|
| Payment reminder to the borrower, guarantor or third-party pledger (per reminder) | 5,00 € |
| Transfer of a loan to another bank upon the customer’s request. Charged to the receiving bank. ** | 150,00 € |
| Certificate requested by the customer stating the amount of debt and paid interest | 10,00 € |
| *) An arrangement fee is charged in connection with the first drawdown and with a raise or renewal of a loan. | |
| **) Does not apply to loans intermediated from government funds. |
Interested?
Interested in taking out a green housing loan?
Fill in the housing loan application and enter the word “green” in the campaign code field, and we will contact you.