Green mortgage
A mortgage interest discount for KLP pension members whose home has energy rating A or B, or who have received Enova support for energy improvements to their primary home.
Această oportunitate este disponibilă momentan în limba engleză.
KLP Banken reduces the interest rate by 0.05 percentage points on its usual floating-rate repayment mortgages and mortgage credit lines. A repayment mortgage is paid back over an agreed term; a credit line lets you borrow against the value of your home as needed. Both remain loans secured on property in Norway.
The discount covers both qualifying energy-efficient homes and homes where Enova has already paid support for energy improvements within the last two years. The loan price also depends on the mortgage product and borrower; check KLP Banken’s price list for rates and fees.
Eligibility
- You must have pension membership through KLP.
- Qualify through either route: your home has energy rating A or B, shown on its energy certificate; or you have received Enova support for energy measures in your primary home during the last two years. Support for energy advice alone does not qualify. For existing mortgage customers using the A/B route, KLP’s instructions specify a primary home.
- To register as a bank customer, you need a Norwegian national identity number and a Norwegian address registered in Folkeregisteret, Norway’s population register. The loan requires security in real estate in Norway.
- KLP assesses your income, debt and own funds. Its ordinary mortgage rules limit total debt to five times annual income before tax, require you to withstand a 3 percentage-point interest increase, and allow up to 30 years for repayment. Buying a primary home normally requires at least 10% of the price from your own funds; buying a secondary home requires at least 25%. Members under 35 may borrow up to 100% of the home’s value if their parents provide additional security in property.
- Mortgage credit lines are limited to 60% of the property’s market value. Joint borrowers must be spouses or cohabiting partners, with no more than two borrowers per loan.
- KLP does not offer construction loans, loans secured on undeveloped land, or commercial property loans. It may consider agricultural property below 100 mål (10 hectares), up to 75% of documented market value, if your income comes from employment rather than farming operations.
- KLP expects mortgage customers to receive their salary into an account with the bank. Without salary payments, a higher monthly fee applies.
How to apply
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If you are a new customer, submit a mortgage application to KLP Banken through the green mortgage page. In the comment field, say that you are applying for the green mortgage and which qualifying route you meet. Include documentation of the home’s energy rating or confirmation of payment from Enova. You and any joint borrower must register as bank customers before KLP can process the application. Choose the Lån product package when registering.
If you already have a KLP mortgage, log in to Min Side and send a message with the energy certificate for your primary home rated A or B, or confirmation that Enova has paid the support.