Green mortgages

We are expanding our green financial products to include green mortgages, designed to provide finance for those interested in purchasing eco-friendly property that has received approved environmental certification.

There is no lending fee and we provide an 0.10% interest discount on eco-certified properties.

Our mortgages

Here you can find everything about the nature and characteristics of loans

  • Indexed, Non-Indexed or hybrid
  • Fixed or variable interest rate
  • Equal payments or equal installments

Services that suit you

Most of us are so busy with our daily lives that we forget to think about what we really want or need. Take a moment to look at our options to see how we can help you create the future you want.

One of our options is an extra pension can be used towards your current mortgage or buying a new home. The option is only available to those who have a private pension. 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 unable to make payments due to temporary difficulties, e.g. due to unemployment, illness, accidents or other unforeseen circumstances, then you may be eligible to defer your payments for a period of time.

Read more about payment problems

Mort­gage pro­tec­tion cover

We offer a mortgage insurance plan, to our mortgage customers, so that they can look after their loved ones after they are gone.

More on Mortgage protection cover

Are you taking a maternity leave?

You can delay your mortgage payments by anything up to nine months, if baby is on the way and you are about to start your maternity/paternity leave.

You can apply for a delay to your payments by sending us the payment schedule from the maternity/paternity fund (Fæðingarorlofssjóður). We will review your payment schedule and subsequently ask you to sign- off on any changes to the Terms and Conditions of your mortgage. The costs associated with these changes can be found in Íslandsbanki's price list.

Can I apply for a mort­gage?

  • Individuals intending to buy or refinance a home for own use can apply for a mortgage with us.
  • Íslandsbanki will have first lien position or equal lien on the property.
  • Each application is evaluated with regards to the credit rating of the applicant and the value of the property.
  • Before a loan application is accepted each applicant must successfully complete a credit evaluation.
  • Mortgages are issued against a complete property. The house has to have reached stage 7 of building.

Book an appointment with our advisor

Sometimes it's good to talk to someone and get advice. Choose the date and time that suits you

Book an appointment

You can book a telephone call with one of our advisors or an appointment at a branch.

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How expensive property can you buy and which loan is best suited for you?

Quick credit score evaluation

A quick credit score evaluation is an online calculator designed to assess your payment ability.

Open Quick credit score evaluation

Mort­gage cal­cu­lator

Here you can calculate the payment burden, installments or costs of different types of mortgages.

Open Morgage caluclator


It's normal to have questions when you are deciding on a mortgage that suits you . Here we answer frequently asked questions.

Open Q&A