Boliglån Ung Fastrente (Home Mortgage Young People Fixed rate)

You can apply for an interest-only period on a fixed-rate loan that is within 60% of the home value. You can apply for an interest-only period either in the online bank or in the mobile banking app. A change like this may result in a premium or discount on the loan. If we see that the change will incur costs for you, we will contact you before making the change.

In the online bank, do the following:

• Log in to the online bank
• Go to “Everyday banking and loans”
• Click on “My loans and credit cards”
• From the shortcut next to your loan, select "Change loan"

If you are on a mobile:

• Log in to the mobile banking app
• Go to Loans, select Home Mortgage and Change mortgage

A premium or discount may arise if you make changes to the loan - redeem the loan, make an extra payment, get an interest-only period or extend/shorten the payment period - before the interest rate commitment period is over.

Premium (loss of interest): If the interest rate on new fixed-rate loans is lower than the interest rate on your fixed-rate loan, the difference constitutes a loss for the bank. In this comparison, we will look at new fixed-rate loans with interest rate lock-in periods that correspond to the remaining lock-in period you have on your loan. If you break the fixed-rate agreement before the interest rate lock-in period is over, you’ll have to pay the interest rate loss. The same applies if you make additional payments against the fixed-rate loan, or make changes to the repayment plan.

Discount (gain of interest): If the interest rate on new fixed-rate loans is higher than the interest rate on your fixed-rate loan, the difference will constitute an interest rate gain. In this comparison, we will look at new fixed-rate loans with interest rate lock-in periods that correspond to the remaining lock-in period you have on your loan. The main rule is that you will get an interest rate gain if it has been more than one year since you fixed the interest rate.

You can deduct any interest loss/premium from your tax return, while any interest gain/discount is taxable.

Yes, it’s possible to take the fixed-rate loan with you if you move homes. You do not need to redeem the loan.

If you want to make extra payments against the fixed-rate loan during the agreement period, you should contact us first to check whether there is a premium or discount on the loan.

About 6 weeks before the expiry date, you’ll receive an online reminder, with an indication of our prices for a new fixed rate and a variable rate.

Three weeks before the expiry date, you will then receive a binding offer from us. We’ll send this to you by regular post and to the online bank. The offer has a deadline for a response. You must answer us by the deadline if you want a new fixed rate at the price specified in the offer. If you don’t do anything, the loan will be switched to a variable rate on the expiry date. You can of course fix the interest rate at any time later.

When the expiry date has passed, we will send you a confirmation of the new terms and conditions.