Mortgages
Are you looking to buy a new home or refinance? We offer various mortgage options.
A wide range of options
Our mortgages
Explore the diverse range of loan options we offer.
- Indexed, non-Indexed or hybrid
- Fixed or variable interest rate
- Equal payments or equal instalments
Services to suit you
It's easy to get caught up in the daily grind and forget what we truly want or need. Let us help you explore your options, shape your future, and achieve your goals.
Those with a private pension can choose an extra pension that can be applied to their current mortgage or used to purchase a new home. More information is provided here.
Payment problems
Everyone can experience temporary financial difficulties during their lifetime. The most important thing is to take action immediately.
If you are experiencing temporary financial difficulties, such as unemployment, illness, or accidents, you may be eligible to defer payments for some time.
Mortgage protection cover
We offer our customers mortgage insurance to protect their loved ones after they are gone.
Are you taking maternity/paternity leave?
You can delay mortgage payments for up to 12 months during your maternity/paternity leave.
You can request a payment delay by sending us your payment schedule from the Maternity/Paternity Fund (Fæðingarorlofssjóður). We will review your payment schedule and request your signature for any changes to the mortgage's Terms and Conditions. The prices for these changes can be found in the price list provided by Íslandsbanki.
Can I apply for a mortgage?
- Individuals looking to purchase or refinance a home for personal use can apply for a mortgage.
- Islandsbanki will have either the first lien position or an equal lien on the property.
- Loan applications are evaluated based on the applicant's credit rating and property value. Loans exceeding ISK 75 million are subject to special terms.
- Loan applicants must pass a credit evaluation. Debt service is limited to 30% of paid income.
- Mortgages are only issued for properties that have reached construction stage 7.
Green mortgages
We're adding green mortgages to our financial products. These mortgages will help those interested in buying eco-friendly properties with environmental certification.
There is no lending fee, and we provide a 0.10% interest discount on eco-certified properties.
Book an appointment
Need advice? Book an appointment with one of our advisors. Pick a date and time that works for you.
Calculate
What kind of property can you afford, and which loan is most suitable?
Quick credit score evaluation
A quick credit evaluation calculator is an online tool to assess your creditworthiness.
Q&A
Here are some helpful mortgage FAQs.
Want to now more?
This information might help. If you need more help, feel free to chat with us online or call us.