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).
Read more about home loan interest
Example of an ASP loan and the annual percentage rate of charge (APR)
You may be granted an ASP loan after saving for a minimum period of eight calendar quarters in your ASP account by making deposits between 150 and 4,500 euros in each of those quarters. The maximum amount you can borrow is 9 times your ASP savings, but no more than 90% of the purchase price of your home. In addition, the municipality where the home is located affects the amount of the interest-subsidised ASP loan.
Example of an ASP loan:
You take out a loan of 120,000 euros. The loan period is 24 years and the interest rate is 4.10% (April 2024). The APR is 4.3%, including an opening fee of 480 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 190,863 euros. The monthly payment (annuity) is 658 euros.
The amount of the loan, the loan period and the interest are a representative example for ASP loans offered by Nordea. The example, however, is only indicative and has been calculated using certain assumptions. This example of an ASP loan does not necessarily correspond to the actual APR charged on the loan granted to you. The example does not account for any interest subsidy paid by the state.
You can check the fees and prices of our home loans from our tariff below.
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 Nordea Mobile or Netbank
(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) | 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 the 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. | |