Prime is the bank’s own reference rate

Prime rates are reference rates issued by banks, and they are used as reference rates in home loans and other long-term loans. The level of a Prime rate is decided by the bank issuing the rate.

Nordea Prime is adjusted in line with market rates, albeit less frequently, which makes it more stable than the Euribor rates. The value of the Prime rate is affected by the current level of short and long-term market rates as well as by interest rate expectations, the inflation outlook and the general economic outlook.

We will announce any revisions to the Nordea Prime rate at least 14 days before the new rate enters into force. You can find these announcements in the news section of nordea.comOpens new window (in Finnish).

Prime or Euribor?
Historical data on the Nordea Prime rate

Should I choose Nordea Prime or a Euribor rate for my home loan?

Nordea Prime is usually adjusted less frequently than the Euribor rates, and any changes to it are decided by us as the rate issuer. Euribor rates are reference rates applied in the entire eurozone, and they are adjusted every 3, 6 or 12 months depending on the rate you have chosen. We will assess your circumstances in a home loan negotiation and help you choose the solution that is the best for you.

Read more about Euribor rates

How to switch from an Euribor rate to Nordea Prime

You can switch from the 12-month Euribor to Nordea Prime easily by applying for this in Nordea Netbank or Mobile. Please note that we charge a fee for changing the reference rate.

Learn more about changes to home loans

Nordea Prime

Changes in the Nordea Prime rate
Change effectiveInterest rate
03.10.20233,50 %
01.06.20233,20 %
05.04.20232,70 %
01.12.20222,20 %
01.10.20221,70 %
01.06.20220,80 %
01.07.20210,50 %
01.12.20200,55 %
01.07.20200,70 %
01.11.20190,60 %
01.08.20190,70 %
01.04.20160,80 %
01.01.20160,95 %
01.06.20151,05 %
01.04.20151,15 %
10.11.20141,25 %
01.01.20141,35 %
24.06.20131,40 %
02.01.20131,45 %
01.10.20121,55 %
01.08.20121,70 %
01.11.20091,80 %
03.08.20092,00 %
20.04.20092,30 %
16.03.2009

2,60 %

02.02.20092,90 %
12.01.2009 3,50 %
15.12.20084,25 %
08.07.20084,90 %
01.06.20084,50 %
01.07.20074,25 %
01.05.20074,00 %
01.02.20073,75 %
01.12.2006 3,50 %
01.09.20063,25 %
01.07.20063,00 %
01.05.20062,75 %
30.06.20032,50 %
10.03.20032,85 %
07.01.2003 3,15 %
01.11.2002 3,45 %
05.11.20013,75 %
01.10.20014,25 %
17.04.20014,75 %
18.09.2000 5,00 %
06.06.20004,50 %
08.03.20004,00 %
25.11.19993,50 %
15.06.1999 3,00 %
01.03.19993,40 %
01.11.19983,70 %
01.05.19984,00 %
01.12.1997 4,25 %
01.12.1996 3,75 %
01.10.19964,25 %
01.04.19964,75 %
01.01.19965,25 %
01.12.1995 6,00 %
01.10.19956,50 %
01.06.19956,75 %

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