Flexibility for your home loan instalments
Using the free-of-charge FlexiPayment included in Nordea’s loans is the easiest way to add flexibility to loan repayment. You can also apply for a payment holiday, which is a one-off change to your loan repayment schedule.
What is the difference between FlexiPayment and a payment holiday?
FlexiPayment is a free-of-charge feature included in Nordea’s loans with which you can reduce the amount of your loan instalment or skip it entirely. For example, you can halve the instalment, in which case you will continue to repay your loan, or alternatively pay only interest and fees.
A payment holiday is a one-off change to your loan repayment schedule. You will have to agree with us on the duration of a payment holiday, during which you will only pay interest and fees. The amount of your loan will not be reduced during a payment holiday.
In both cases, the instalments you leave unpaid now will be postponed until the future, usually by extending your loan period.
We apply normal credit-granting procedures to FlexiPayment and payment holidays.