Green mortgage
Borrow up to 90% of the value of your primary home if it has energy class A or B or was built in 2012 or later.
Deze mogelijkheid is momenteel in het Engels beschikbaar.
Flekkefjord Sparebank lends to people who own or are buying an energy-efficient home. You repay the borrowed money with interest; the repayment period can be up to 30 years.
The published nominal interest rate starts at 5.59%, and the effective rate, which includes fees, starts at 5.77%. The effective rate depends on the amount and repayment period. The bank’s example is a NOK 4 million annuity mortgage over 25 years, with monthly payments covering interest and reducing the borrowed balance. It includes a NOK 3,000 establishment fee, NOK 750 security administration fee and NOK 50 payment fee; total payments are NOK 7,451,815. This example is not a maximum loan amount.
The payment fee is NOK 50 for automatic debit without a notice, NOK 75 with a notice, or NOK 100 with a giro payment slip. Changes to security, deferred instalments, interest-only periods and other loan changes cost NOK 750. The first reminder and a collection notice each cost NOK 38. Public fees may also apply. Interest is calculated after it accrues and added at each payment due date. Published nominal rates assume monthly payments; another payment frequency changes the nominal rate to keep the same effective rate. The bank reserves the right to change prices and terms.
Eligibility
- You must own or be buying the home you live in. It must have energy class A or B, or have been built in 2012 or later.
- You can borrow up to 90% of the home’s value. The mortgage cannot be secured on a second home, someone else’s property or another type of collateral.
- The bank explains class A as better insulation and windows than building regulations require, together with heating or solar energy eligible for Enova support. For class B it describes Enova-approved heating or solar energy and/or better insulation and windows. You can register and energy-label the home through Enova to obtain documentation.
How to apply
- Status
- Doorlopend open
Contact Flekkefjord Sparebank through its loan enquiry form to discuss a green mortgage. The form accepts people who are not already customers; select the loan/credit option and provide your contact details. The current product page invites enquiries on an ongoing basis.