Our range of options

We offer both indexed and non-indexed loans as well as the option of mixing the two. Explore our options to see what suits you.

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Our loans

  • A mortgage covering 70% of your property value can be paid over a 40 year period and an additional mortgage covering up to 80% can be paid over a period of 25 years

  • You can either pay the same amount each month or pay less to begin with.

  • Þú getur greitt inn á lánin eða greitt lánin upp í netbanka. Sjá leiðbeiningar

  • Finding the money to pay for your first home can be tough. We offer an extra loan of up to ISK 3 million to help you take that first step. Read more about first buy.

Intexed, Non-Indexed or Hybrid Mortgage


Characteristics of different types of loans

Non-Indexed

Indexed

Hybrid Mortgage

The payments are initially higher but you can own your home sooner

Payments are initially lower because part of the financing costs are added to the principal amount but paid in full during the loan period

You can choose the indexed and non-indexed route with a hybrid mortgage. You decide the ratio and enjoy the benefits of both.

Two types of mort­gages, with variable rate or with fixed rate for a 3-5 year period

Two types of mort­gages, with variable rate or with fixed rate, the interest rate is reviewed every 5 years.

You can mix and match a Hybrid Mortgage so that part of the loan is fixed rate and part of it is variable rate.

The payments are initially higher

The payments are lower then to begin with

You can divide the loan amount into two or more loan types. This gives you the option of creating an indexed, non-indexed ratio to suit your needs.

Non-In­dexed Mort­gage


The payments are initially higher but you can own your home sooner with a Non-Indexed Mortgage.

Fixed rate

Our fixed rate mortgage offers a fixed interest rate for the first 3-5 years, which makes the payments stable. Interest rate becomes variable once fixed rate period is complete. You pay a fee if you pay off the mortgage during the fixed rate period.

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Interest rate roof

Our interest rate roof option offers our non-indexed customers a safety net when interest rates rise.

Read more about interest rate roof

Fixed rate or variable rate?


Það getur verið snúið að velja hvort lánið eigi að bera fasta vexti eða breytilega.

Fixed rate

Variable rate

Payments are stable

Payments vary according to the interest rate each time

Fixed interest rates for Non-In­dexed Mort­gage is a 3-5 year period. Interest rate becomes variable once fixed rate period is complete.

Variable interest rates for Non-In­dexed Mort­gage depend on the bank's financing costs and market conditions

Fixed interest rate for Indexed Mort­gages is reviewed every 5 years

Variable interest rate for Indexed Mort­gages Interest rates depend on the bank's financing costs and market conditions

Fixed rate mortgages charge a prepayment fee if the amount is prepaid during the fixed rate period. You can pay an additional ISK 1 million into your fixed rate mortgage each year without paying a fee

Non-indexed loans are converted to variable interest rate loans at the end of the fixed interest period, and the prepayment fee is waived. 

Lend­ing period and fees


Lending period

The mortgage lending period ranges from 5 to 40 years and you can also apply for an additional mortgage with a 25 year lending period.

You can choose between even payments on the principle amount and even payments.

Mortgage fees

  • The standard mortgage fee is ISK59,000 but there is no fee for first time buyers
  • Registration fee
  • Mortgage issuance fee
  • Credit evaluation fee
  • Lien check fee
  • Loan overview fee

Q&A


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

See Q&A

Book an appointment with an advisor


Book an appointment

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

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