Changes to in­terest rates and avail­ab­il­ity of in­fla­tion-in­dexed hous­ing mort­gages

Deposit rates

• Variable interest rates on inflation-indexed deposit accounts increase by 0.25 percentage points (pp).
• Interest rates on foreign currency accounts change in accordance with rates on the currency of denomination.

Lending rates

• Fixed rates on new 36 and 60-month non-indexed housing mortgages decrease by 0.20 pp.
• Fixed rates on non-indexed vehicle and equipment financing loans decrease by 0.20 pp.
• Variable rates on inflation-indexed housing mortgages increase by 0.25 pp.
• Fixed rates on new 60-month inflation-indexed housing mortgages increase by 0.50 pp.
• Prime rates on inflation-indexed loans increase by 0.50 pp.

Changed availability of inflation-indexed housing mortgages

Alongside these interest rate changes, the availability of inflation-indexed housing mortgages also changes so that indexed housing mortgages with equal payments (annuity) are now only available to first-time buyers. No changes will be made to the availability of inflation-indexed mortgages with equal payments.

The maximum loan term of new inflation-indexed mortgages remains 30 years and the maximum loan term of new non-indexed mortgages remains 40 years. The maximum loan-to-value ratios of new mortgages remain unchanged.

The changes enter into effect on 23 September 2024. Changes to interest on loans governed by the Act on Consumer Loans or the Act on Mortgage Lending to Consumers enter into effect in accordance with notifications sent to customers in online banking.