Housing loan

Buying a home is a responsible and flexible investment. Get a well-thought-out loan decision even within an hour. Nordea’s quick housing loan is an alternative designed to endure life's challenges and always fit your and your household's needs. The loan period can be 35 years.

Basic characteristics of a housing loan

  • You can get a loan for buying a house or a flat and for renovating it. Your housing loan may amount to around 75% of the price of the house or the flat. The loan will be secured by the house or the flat.
  • With an OwnGuarantee, you may be able to buy a home without any initial capital.
  • With help of a State guarantee you can buy additional security for you loan up to 85 % of purchase price of the home.
  • The loan period can be 35 years. If your loan has a State guarantee, the maximum loan period is 25 years.
  • Part of the interest on loans taken for buying a new home or for renovating your existing home is tax-deductible.
  • You can choose your housing loan to have a fixed interest rate or you can draw down your loan with variable interest in which case the interest on your loan tracks the changes to the reference rate agreed on. A change to the reference rate will decrease or raise the payable interest rate. In housing loan agreements, the value of the reference rate is always at least zero. Read more about the interest alternatives.
  • Interest on loans taken for buying a new home or for renovating your existing home is tax-deductible.

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Change to the instalments of your existing housing loan?

Making changes to your housing loan has been made easy at Nordea. If you want to make changes to your loan, you can apply for them conveniently online with access codes.

You can change the features of your loan by applying for a change to the repayment schedule, if, for instance, your life situation changes. You can apply for a change to the loan's due date, amount of the monthly instalment, repayment method or reference rate. 

In addition, you can apply for FlexiPayment or choose to have an instalment-free period. 


How are you prepared for an increase in your monthly repayments?

Protect yourself against a rise in interest rates and unexpected changes to your loan in advance.

Read more about interest rate hedging

How do you manage unexpected expenses?

Pay what you can if you end up with extra expenses in a certain month.

Read more about FlexiPayment

What kind of cover do you need for your home and belongings?

It takes more than good luck to protect your new home. An insurance policy is a good start.

Read more about home insurance

Get a loan promise in advance

Get a loan promise before you start looking for a home. This way you will know exactly what kind of a home you can afford. In addition, you will have an upper hand as a buyer. The best homes are sold quickly, but as you have already agreed on a housing loan, you can make decisions quickly.

Getting a preliminary housing loan proposal is easy. The proposal preliminarily states the maximum amount of loan, along with the loan period and interest of the loan. The loan proposal does not bind you or the bank, but this way you will get an idea of the price level that suits you best.

For a loan promise, we need a more detailed report on your income and expenses, information on the property to be bought and on any additional security. With a loan promise, the bank commits to finance the purchase of the home under the agreed terms and conditions. The loan promise will be in force for one month and you can renew it easily.

Example of a loan and the annual percentage rate of charge (APR)

Your current rent could be used to pay for your own home.

Read more


Security secures the repayment of a loan to the bank. The standard security value is 75% of the value of the home.

Read more

Repayment methods

There are three different methods for repaying a housing loan: equal payments, equal instalments and fixed equal payments.

Read more

Most common prices for housing loans and secured consumer credits
Arrangement fee *0,4 %; 300 € minimum
Arrangement fee, Check-in Customer *200 €
Arrangement fee on the loan amount of a loan guaranteed by Takuusäätiö (Guarantee Foundation)2,00 %

Increased arrangement fee when a loan is secured by a third-party pledge or a guarantee
The increase does not apply to interest-subsidised ASP loans

100,00 €
Partial drawdown30,00 €
Automatic debiting of a loan payment / per withdraw2,30 €
FlexiPayment for a housing loan. Including in FlexiPayment to an existing housing loan always requires automatic debiting of loan payments, which is subject to a fee in accordance with the bank's tariff.0,00 €
Advance notice of loan debiting by letter or through Netbank0,00 €
Loan payment, paper invoice6,00 €
Payment reminder to borrower, guarantor or third-party pledger (per reminder)5,00 €

Change in repayment schedule

200,00 €  
Change of the due date or loan servicing account (Minor change of the repayment schedule)40,00 €
Change of debtor or one of the debtors assumes liability for the loan alone**200,00 €
Change of the applied interest or margin200,00 €
Obtaining a guarantor’s or pledge owner’s consent to amend the loan terms, such as the repayment schedule or reference rate35,00 €
Transfer of a loan to another bank upon customer’s request. Charged to the receiving bank**120,00 €
Changing from electronic advance notifications, loan itemisations and invoices to printed ones (change to an earlier agreement on Netbank use)25,00 €
When a credit document is sent to another bank for getting a guarantee or a signature, the debtor is charged, per sending. Does not apply to loans intermediated from government funds. 30,00 €
Certificates requested by the customer stating the amount of debt and paid interest (incl. postage)10,00 €
*) 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.
Foreign currency credit

Apply for a housing loan online

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