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New construction loans

Applying for a new construction loan

Loan terms

  • A base fixed-rate loan for the entire term of the loan is up to 80%.

  • Base loan with interest rate revision is up to 70%.

  • An additional loan up to 80% is possible.

Based on market value or construction cost (the lower amount applies).

A base loan is called primary mortgage and a supplementary loan is called second mortgage. Additional loans generally have higher interest rates.

See Table of interest

See List of tariffs

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%.

Applying for a new construction loan

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