Our home loan gives you flexibility when you need it

1. Fill in our loan application online. On the application, we will ask about your monthly income, savings, loans and collateral and details about the home. 
2. Once you have submitted the application, we will get back to you in 1–2 days. 
3. If we need to discuss the loan with you in further detail, we will book you for an online or phone meeting.
4. If your application is accepted, you will get a loan promise from us after the loan negotiation.
   
   Read more about requesting a loan offer

How to speed up the handling process of your home loan application if you’re a customer of another bank

If you’re not a Nordea customer, we need to have your salary certificate from the past three months. If you’re applying for a loan together with your spouse, for example, we need to have salary certificates, account transactions and details on existing loans from both applicants. You can get the salary certificate from your employer.

After you have submitted your home loan application, you can send us your salary certificates and other documents by logging in to Nordea Omaposti with your bank’s online banking codes. In OmaPosti, choose ‘Loans and credit’ as the topic of the message and write ‘Home loan application/salary certificate’ in the message field. Add documents from your computer as attachments to the message.

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). 

Example of a home loan and the annual percentage rate of charge

Example calculation: You take out a loan of 150,000 euros. The loan period is 24 years and the interest rate is 4.20% (April 2024). The APR is 4.4%, including an opening fee of 600 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 240,582 euros. The monthly payment (annuity) is 830 euros.

The amount of the loan, the loan period and the interest are a representative example for the home loans offered by Nordea. Please note that the example calculation above is indicative and does not necessarily correspond to the actual annual percentage rate of charge on the loan to be granted to you. You can check the fees and prices of our home loans from our tariff below.

Read more about home loan interest

Common fees on home loans

Charges related to unsecured home loans drawn down after 1 September 2019

Personal customer´s foreign currency credits

Prices related to security for loans

Early closure fees of premature repayments of loans

Terms and conditions of the loanOpens new window

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Consumers are not granted loans in any other currency than euro.

A housing loan is considered to be currency credit if the loan is granted in a foreign currency other than that of the EU Members State or the state of belonging to the European Economic Area where the consumer resides. Furthermore, a housing loan is considered to be foreign currency credit if the consumer receives his or her income in another currency of a state of the European Economic Area or in currency of a state of European Economic Area. 

A foreign exchange risk occurs when the borrower's income or assets to be used to repay the credit are not in the same currency as the credit or the credit is not in the currency of borrower's country of residence. A foreign exchange risk refers to the change in price of one currency in relation to another. During the loan period, the value of the credit or the monthly payment may increase in relation to the borrower's income or assets or the currency of the borrower's country of residence. 

If the foreign currency of the borrower's country of residence, income or assets falls by 20 per cent in relation to the euro, the borrower receives a warning that the borrower's loan amount will increase in borrower's national currency.