When you take out the loan, you pay a fee for the interest rate cap depending on the amount of loan, the validity and level of the cap and the market interest rates. The fee charged for the interest rate cap can also be included in the loan principal.
The fee charged on the interest rate cap changes daily according to the market fluctuation of the interest rates. You can find out the daily rate for the fee by calling Nordea Customer Service or visiting one of our branches.
Interest rate caps available at the moment
|Reference rate||Length||Cap level|
|12 month euribor||5 years||1,00 %|
|12 month euribor||7 years||1,50 %|
|12 month euribor||7 years||2,00 %|
|12 month euribor||10 years||2,00 %|
|12 month euribor||10 years||3,00 %|