Preliminary loan offer and loan promise

Frequently asked questions about loan offers and loan promises

What does it mean that the loan offer is preliminary?

With a preliminary loan offer, you have no obligation to take out the loan from us and we have no obligation to grant you the loan. The preliminary loan offer will tell you how much you could borrow from us.

How should I compare loan offers from different banks?

When you compare competing loan offers, don’t just look at the margin – also consider how flexible the home loan is and what the bank offers you as a whole.  

Read more about comparing home loan offers  

How do I accept my preliminary loan offer?

Once you’ve found the home you want to buy, please complete our online form “I have found my new home”. We will contact you and ask you to provide more information about the home so that we can update the preliminary loan offer into a loan promise. 

You can make a binding offer on the home after you have received the loan promise.

Let us know that you have found your new home

Is a loan promise binding in nature and can the bank withdraw from a loan promise?

A loan promise is binding on us, but you have no obligation to take out the loan. We can, however, change or withdraw from a loan promise if your financial situation changes after we have given you one.

Can I get a loan from Nordea if I haven’t sold my old home yet?

You can apply for a home loan even if you haven’t sold your old home. When we meet to negotiate on the loan, we will discuss the financing options and how you should proceed once you have found your new home. 

One temporary financing option is a bullet loan where you will repay the entire principal in one go but make monthly interest payments until that.