Familie leker i stue

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. After you have filled in a loan application, we will contact you, and after a loan negotiation we will provide you with a loan offer. With the loan promise, you can submit a tender for the home you prefer and have a possible edge over the other tenderers in a competitive bidding process.

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. Even if the rates were low when you obtain a loan offer, you must still prepare for a rise in the interest rate level. Therefore it is important that your housing 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 interest rate hedging 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 housing loan repayment methods

What if life surprises you?

You never know in advance what is going to happen, but luckily you can be prepared for unexpected things. If you become unemployed or fall seriously ill, how would your economy handle these surprising events? Nordea MyLife is a flexible personal insurance for your own and your family’s finances in the event of unemployment, serious illness, accident and death. You can take out one type of insurance cover or compile a cover package that suits your personal circumstances.

Read more about Nordea MyLife insurances.

Home purchase transactions

Ask us about buying your first home

Nordea Customer Service provides you with information and advice on banking matters. When you call us, it is a good idea to identify yourself with your access codes for faster service.

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Go through the steps of the buyer's guide