A housing loan to suit your needs

Read our guide for first-time home buyers - Step 3

Apply for a housing loan online

You can easily fill in a housing loan application online. The bank needs information on your spending, income and expenses for the application. The application also helps you to understand what kind of a monthly loan payment you can afford.

If you are not yet a Nordea customer

Fill in the housing loan application on our website

Make an appointment

Call 0200 70 000

How is the loan's interest rate determined?

The interest rate on a housing loan comprises a reference rate and a margin. The reference rate is a publicly quoted interest rate. You and the bank will agree on the margin. You can choose the 12-month Euribor, Nordea Prime, or a fixed interest rate as the reference rate. During the loan negotiation, we can find out which interest alternative suits you best.

How to hedge against rising interest rates?

A low interest rate level is the housing loan borrower's friend. When the interest rates are low, you can amortise your loan quicker. However, you should always be prepared for the possibility that interest rates may rise. Therefore it is important that your loan is sized so that your repayment ability can tolerate a possible increase in interest rates. If you take out an ASP loan, the state’s interest subsidy will hedge you against rising interest rates for 10 years. If you do not have an ASP loan, you can also buy a hedge against rising interest rates. Read more about the alternatives offered by Nordea

Determining a suitable repayment plan

When you take out a housing loan, a repayment plan will be drawn up for the loan. You must consider how long you want the repayment period to be and the size of monthly payments you are prepared to commit to. Select a suitable repayment method for your loan: fixed equal payments, equal payments, or equal instalments. Read more about the repayment methods

What if life surprises you?

You never know in advance what is going to happen, but luckily you can be prepared for surprises. If you become unemployed or fall seriously ill, it is comforting to know that you will not have to leave your home. Loan cover is an insurance policy to guarantee your own and your family’s finances in the event of unemployment, serious illness, accident and death. Talk to your banking adviser or read more about the loan coverOpens new window (in Finnish).

Home purchase transactions

Ask us about buying your first home

Call Nordea’s Customer Service

0200 70 000

Go through the steps of the buyer's guide