Non-indexed housing mortgage

Non-indexed housing mortgage

The principal of non-indexed loans is not linked to inflation, meaning that the loan never increases; rather, it decreases evenly throughout the loan term which results in faster asset formation than in the case of inflation-indexed loans.

Non-indexed rates
Our inflation-indexed housing mortgages carry either variable or fixed interest rates.
Variable interest rate
Fixed interest rate

How do non-indexed housing mortgages work?

Your debt service is higher early on but asset formation is speedier than with an inflation-indexed loan.
Interest rates are higher but no indexation is added to the principal.
The term of non-indexed loans can be up to 40 years.
The loan can cover up to 70% of the purchase price and up to 80% with a supplementary loan.
Borrowers can choose between a variable rate or a 3 or 5-year fixed rate period.
Borrowers can choose either equal instalments or annuity payments.

Want a mixed loan, both non-indexed and indexed?

By selecting a mixed housing mortgage, you combine the qualities of both inflation-indexed and non-indexed loan forms. You can have part of your housing mortgage inflation-indexed and part non-indexed, selecting the proportions that best suit your needs. Use the calculator to compare inflation-indexed, non-indexed and mixed housing mortgage.

What is the difference between a fixed and variable interest rate?

Variable rates can increase and decrease in line with market fluctuations and the economic environment and are based on the current interest rate tariff at each time. This may be favourable or not, depending on how the rates fluctuate.

With fixed rates, you tie your rates for a specified period and hedge against interest rate fluctuations. Rates can be fixed for a period of 36 or 60 months. If the loan-to-value ratio is lower than 60% of registered real estate value, you pay lower interest. Fixed interest is even lower if the loan-to-value ratio is below 50% of registered real estate value. Fixed-rate loans carry a pre-payment charge.

Variable interest rate

Up to 70% mortgage %interest143%
Up to 70% to 85% mortgage* %interest144%

Fixed rate

36-Month fixed rate 60-Month fixed rate
Up to 50% mortgage based on real estate value %interest1125% %interest1126%
Up to 60% mortgage based on real estate value %interest1185% %interest1186%
Up to 70% mortgage %interest273% %interest274%
Up to 70% to 85% mortgage* %interest275% %interest276%

*85% mortgage is for first-time buyers.


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