Question 1

How do I switch from a variable to a fixed interest rate?

Accepted Answer

If you wish to switch to a fixed-rate loan, you can apply for it here.

When we receive the signed agreement from you, we register the new interest rate and the length of the fixed-rate period you have chosen. We will send you a confirmation of the new terms.

When we register the fixed-rate agreement on your loan, we will use the price that applies for the fixed-rate loan on that day. As peace of mind for you, we will contact you if the price has increased by 0.10 percentage points or more compared to what is stated in the agreement. You will then have the opportunity to decide whether you still wish to fix the interest rate. If our price is lower than what is stated in the agreement you submitted, you will of course receive the lower price.

Question 2

How do I switch from a fixed to a variable interest rate?

Accepted Answer

On a fixed-rate loan, the interest rate is fixed until a specific expiry date (3, 5 or 10 years ahead). When the fixed-rate agreement expires, the loan automatically switches to a variable interest rate, unless you have chosen to fix the rate again.

If you are considering switching from a fixed to a variable interest rate before the expiry date, this may result in additional costs for you if a premium arises. Contact us, and we will review your loan together.

Question 3

Can I apply for an interest-only period on my fixed-rate loan?

Accepted Answer

You can apply for an interest-only period on a fixed-rate loan that is within 60% of the property value. You can apply for an interest-only period both in the online bank and in the mobile bank. Such a change may result in a premium or discount on the loan. If we see that the change will result in costs for you, we will contact you before we make the change.

In the online bank, do the following:

Log in to the online bank
Go to "Everyday banking and loans"
Click on "My loans and credit cards"
From the shortcut by your loan, select "Loan amendment"

If you are on mobile:

Log in to the mobile bank.
Go to Loans, select mortgage and Amend mortgage

Question 4

What happens if I make extra payments on my loan?

Accepted Answer

If you wish to make extra repayments on your fixed-rate loan during the agreement period, you should contact us first to check whether there is a premium or discount on the loan.

Question 5

What are premium and discount?

Accepted Answer

A premium or discount may arise if you make changes to the loan – settle the loan, make an extraordinary payment, obtain an interest-only period, or extend/shorten the repayment term – before the fixed interest rate period has ended.

Premium (interest loss): If the interest rate on new fixed-rate loans is lower than the rate on your fixed-rate loan, the difference represents a loss for the bank. In the comparison, we look at new fixed-rate loans with a fixed-rate period corresponding to the remaining lock-in period on your loan. If you break the fixed-rate agreement before the fixed interest rate period expires, you must pay the interest loss. The same applies if you make extra repayments on the fixed-rate loan or make changes to the repayment plan.

Discount (interest gain): If the interest rate on new fixed-rate loans is higher than the interest rate on your fixed-rate loan, the difference represents an interest gain. In the comparison, we look at new fixed-rate loans with a fixed-rate period that corresponds to the remaining lock-in period you have on your loan. The main rule is that you receive an interest gain payment if it has been more than one year since you fixed the interest rate.

You can deduct interest loss/premium from your tax return, whilst interest gain/discount is subject to tax.

Question 6

What happens when the fixed-rate period on the loan ends?

Accepted Answer

Approximately six weeks before the expiry date, you will receive a reminder in the online bank, with an indication of our prices for a new fixed rate and for a variable rate.

Three weeks before the expiry date, you will then receive a binding offer from us. We send this to you both by post and to the online bank. The offer has a response deadline. You must respond to us within the deadline if you wish to have a new fixed rate at the price stated in the offer. If you do nothing, the loan will convert to a variable rate on the expiry date. You can, of course, fix the interest rate at any time later.

Once the expiry date has passed, we will send you a confirmation of the new terms.

Question 7

Can I keep the loan if I change property?

Accepted Answer

Yes, it is possible to take the fixed-rate loan with you if you change property. You therefore do not need to repay the loan.

Question 8

Can I keep the loan if I sell the property?

Accepted Answer

If you sell the property without buying a new one, you must repay the fixed-rate loan. Contact us so that you can get an overview of whether this will entail additional costs for you.

Question 9

Processing of personal data in connection with loans

Accepted Answer

When you apply for a mortgage, we process information about your income, debt and assets. We obtain information directly from you, from our internal systems and from public registers.

From our systems we retrieve information about application, payment and transaction history for loans, credit and accounts that you have with us. We can connect you to Altinn (the Norwegian digital portal for dialogue with public agencies) so that the Norwegian Tax Administration receives your consent to disclose information about income, debt and assets.

We may also obtain an overview from the Debt Register of your unsecured debt, information about property details from the Norwegian Mapping Authority, as well as taxable income from the previous year and payment remarks from credit reference agencies. You will receive information from credit reference agencies when the information has been obtained from them. Our processing of the aforementioned information forms part of an automated risk assessment process.

The processing is necessary to comply with both regulatory requirements and safeguards our own legitimate interest in managing our own risk and ensuring sound finances and payment capacity among our customers. In addition, we are legally obliged to protect ourselves against money laundering and financial crime. If you object to our processing, we cannot process your loan application, but you always have the right to correct information that is incorrect.

When we grant a loan, DNB is an obliged entity to the authorities. When we decline a loan, we register this with us in order to be able to notify you of the rejection and possibly document the matter at a later date. Registered information about a rejection may affect your future applications.

DNB Bank ASA (the Bank) and DNB Boligkreditt AS (Boligkreditt) have joint responsibility for processing personal data. This means that your information will be available to both the Bank and Boligkreditt during both the application process and after the loan has been established.

The Bank and Boligkreditt are obliged to comply with requests for correction of any errors and to delete information that is no longer necessary on their own initiative. The Bank is obliged to consider objections to the processing of personal data and must always comply with reservations against direct marketing. Boligkreditt does not have marketing as a purpose when processing personal data.

Read about how you can exercise your data protection rights in our privacy notice /What are your rights" and contact information under "Questions and complaints".

DNB's Data Protection Officer (DPO) can be contacted at email address personvernombudet@dnb.no or as at regular post: DNB, c/o Data Protection Officer (DPO), PO Box 1600 Sentrum, 0021 Oslo

Interest rates for 3, 5 and 10 years with fixed interest rate
Loans for Ung (Young Adults) and SAGA customers:
3 years: Nominal interest from 5.49 %, operating interest rate 5.70 %.
5 years: Nominal interest from 5.39 %, operating interest rate 5.60 %.
10 years: Nominal interest from 5.29 %, operating interest rate 5.49 %.
Ordinary fixed-rate loan:
3 years: Nominal interest from 5.54 %, operating interest rate 5.76 %.
5 years: Nominal interest from 5.44 %, operating interest rate 5.65 %.
10 years: Nominal interest from 5.34 %, operating interest rate 5,55 %.
Price example 5 years with Green fixed rate Nominal interest from 5,29 %, operating interest rate 5,48 %. Kr 2 000 000 o/25 year. Instalment amount NOK 12097 per month. Cost NOK 1 629 100, total NOK 3 629 100. Price list

Fixed-rate loan

Are you not a customer of DNB?

What is a fixed-rate loan?

Benefits for Ung (Young Adults)

Fixed or Variable Rate?

Did you know that a fixed interest rate can increase your home buying power?

Questions about mortgages? – Talk to us

Questions and answers about fixed-rate loans

See also

Mortgage

Mortgage Ung (Young Adults) Fixed Rate

Green Fixed-Rate Loan

Combination Loan

Contents insurance

Home insurance