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.

Why choose FlexiPayment?

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  • Add the free-of-charge FlexiPayment feature to your loan. If you don’t yet have FlexiPayment attached to your home loan, you can add it free of charge.
  • The amount of FlexiPayment can be 5–10% of your loan amount.
  • You can change your monthly home loan instalments yourself
  • one at a time in Nordea Mobile or Netbank to suit your particular needs.
  • It is possible to change the monthly instalments when they appear in your due payments before the due date.
  • If you’re not sure if you already have FlexiPayment linked to your home loan, you can check this in your loan details in Nordea Mobile or Netbank.
  • We apply normal credit-granting procedures to FlexiPayment.

Read more about FlexiPayment and get flexibility for your loan repayment.

When to choose a payment holiday?

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  • You can submit an application for changing the repayment schedule. You also need to agree with us on the duration of a payment holiday. You can apply for a payment holiday ranging from 1 to 24 months.
  • During the payment holiday, you only pay interest and expenses monthly.
  • Payment holidays are subject to a fee for changing the repayment schedule, as set in our tariff. 
  • You can apply for a payment holiday for nearly all home loans. The easiest way to apply is to do it in Nordea Mobile or Netbank. 
  • We apply normal credit-granting procedures to payment holidays.

Applying for a payment holiday for your current loan? Go to the application formOpens new window and identify yourself with your access codes.

Use the FlexiPayment feature in your loan

Using the FlexiPayment feature is the easiest way to add flexibility to loan repayment. FlexiPayment is designed for customers who want to decrease or increase the monthly instalment of their home loan according to their needs.

Check if FlexiPayment is attached to your loan:

  1. Log in to Nordea Mobile or Netbank. Go to your home loan details to see if you have FlexiPayment.
  2. If FlexiPayment is not attached to your loan, you can add it by applying for a change to your loan. 
  3. If neither of the above-mentioned options is suitable for you, you can apply for a payment holiday for your loan. The easiest way to apply is to do it in Nordea Mobile or Netbank. 

Apply for a change to your loan repayment schedule to take a payment holiday or make other changes to your loan

If you don’t have FlexiPayment in your loan or if it isn't sufficient for your needs, you can apply for a change to your loan repayment schedule. Fill in the application in Nordea Mobile or Netbank or on our Apply for a change to current loanOpens new window form.

Change to loan repayment schedule: Which changes can you apply for by filling in the form?

  • Payment date*
  • Debiting account
  • Repayment method
  • Monthly payment
  • Servicing account*
  • Reference rate type
  • Instalment-free months. You can apply for an instalment-free period ranging from 1 to 24 months.
  • Add FlexiPayment to your loan. FlexiPayment allows you to reduce or increase your monthly payment in Netbank within the agreed limits.

*Free of charge when you make the change yourself in Nordea Mobile or Netbank

Apply for changes to your loan in Nordea Netbank

  1. Log in to Nordea Netbank
  2. Go to “Loans” under the Finances tab
  3. Select the relevant loan
  4. Click “Apply for changes”

Apply for changes to your loan in Nordea Mobile

  1. Log in to Nordea Mobile
  2. Go to the Overview tab
  3. Select the relevant loan
  4. Tap “Apply for changes”

Check and submit your application

  • Check that your personal details and loan number are correct.
  • Select which changes you want to apply for under “Changes applied for”.
  • Fill in all mandatory fields marked with a red asterisk.
  • Click “Next” to see an overview of the information you entered on the form. Check that the changes you are applying for are correct.
  • Accept the processing of your credit information by selecting “I am aware that Nordea will check my personal data and credit information when they receive and process my application. A customer adviser will then contact me.” Click “Send” to submit your application.

Housing loan

Nordea will give you an affordable housing loan that suits your needs. Get a loan promise beforehand, so you can make a bid right away when you find the home of your choice.

Read more about housing loan

Flexibility with consumer credit

Take advantage of the opportunities Nordea FlexiCredit offers to give yourself more leeway with your finances.

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What if you cannot repay your loan?

We will help you to put your finances in order. You can take out instalment-free months or reduce the amount of your monthly payment, for example.

Read more