Tax returns and income information are obtained from the Directorate of Internal Revenue. Information on debt owed to credit institutions other than Landsbankinn is collected from CreditInfo along with a credit assessment, if the customer has not had a business relationship with Landsbankinn.
It's easy to complete your credit assessment online
Log in with your electronic ID to authorise the Bank to collect the data required for the credit assessment. Married and cohabiting couples are assessed together, so both parties must have electronic ID.
Results of the credit assessment
When you've completed the credit assessment, you can calculate your maximum price for an apartment or car, depending on the type of loan and how much you can pay as a down payment.
Keep in mind that you should not necessarily use all the credit available according to the credit assessment. You will probably want to be able to do more than buy groceries and pay instalments on loans.
Note that this plan does not include the real property’s expected operating expenses or the Central Bank of Iceland’s debt service-to-income ratio.
Your path to a new home starts here. We finance up to 80% of the purchase price of housing and 85% for first-time buyers. Lower debt service or the option to speed up asset formation. It’ is important to begin by looking at the advantages of indexed and non-indexed loans or combining the advantages of both with a mixed loan.
We finance up to 80% of the purchase price for a term of up to 7 years and offer better terms when purchasing electric cars.