A base loan with interest rate revision is up to 70% of the property price.
An additional loan up to 80% of the property price is possible.
Fixed rate base loan for the entire term of the loan, is up to 80% of the property price.
Property price is based on the lower amount of the two, purchase price or market value.
Base loan is Primary mortgage and additional loan is Second mortgage. Additional loans generally have higher interest rates.
Non-indexed loans
Non-indexed loans have higher monthly payments than indexed loans. Non-indexed loans do not increase with inflation, so asset growth is faster.
Fixed interest rate for 3 years at a time.
Loan period up to 25 years.
Base loan for up to 70%.
Additional loan for 71–80%.
Additional loan to a loan from another credit institution for 50–80%.
Indexed loans
Indexed loans have lower monthly payments than non-indexed loans. They are linked to inflation so the principal amount can increase initially. This makes the asset growth slower.
Fixed interest rate for 5 years at a time.
Loan period up to 40 years.
Base loan for up to 70%.
Additional loan for 71–80%.
Additional loan to a loan from another credit institution for 50–80%.
Fixed interest rate over the term of the loan.
Loan period up to 35 years.
Base loan for up to 80%.
Additional loan to a loan from another credit institution for up to 80%.
Mixed loans
You can also mix loan types. For example, you can have half of the loan indexed and half of the loan non-indexed, or you can take out an indexed base loan and then a non-indexed additional loan.
Service provider
Housing & Construction Authority