Changing your loan
It is possible to refinance an existing loan to another type of loan, depending on the individual's needs.
Refinancing
We lend up to 50% of the real estate valuation when you refinance.
Customers can refinance an additional loan into a basic loan with a more favourable interest rate, provided the mortgage is less than 50% of the real estate value.
Book an appointment to see what options are available and find out a property's total mortgage and real estate valuation.
The costs are in accordance with the Bank's price list at any given time.
Indexed or non-indexed?
You can convert an indexed mortgage into a non-indexed one and vice versa by refinancing and subject to a credit check. You can also change over to a hybrid loan (indexed and non-indexed).
Non-indexed loan | Indexed loan |
Non-indexed loans always have a heavier initial payment burden than indexed loans. | Indexed loans can have a lighter payment burden at the beginning. |
Non-indexed loans pay off your mortgage at a quicker rate. | Unless the loan term is shortened, asset formation on indexed loans is slower than on non-indexed loans. |
Indexation is like interest that is added to the principal of the loan. |
You can apply to convert your indexed mortgage into a non-indexed one and vice versa by clicking on the link below. We will subsequently contact you to arrange a time for you to sign the documents.
Change your payment method
Equal instalments or equal payments?
Loans have either equal payments or equal instalments.
- When a loan is paid in equal payments, roughly the same total amount is paid each month (however, indexed loans can be affected by inflation).
- Equal payments reduce the initial payment burden compared to equal instalments.
- When a loan is paid in equal instalments, the same amount is paid towards the principal each month (however, indexed loans can be affected by inflation).
- Loans paid with equal instalments have a higher payment burden at the beginning than when paying in equal instalments.
The costs are in accordance with the Bank's price list at any given time.