Question 1

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

Accepted Answer

If you want to switch to a fixed-rate loan, you can apply for that here.

When we receive a signed agreement from you, we register the new interest rate and lock-in period you want. We will send you a confirmation of the new terms and conditions.

When we register the fixed rate agreement for your loan, we will use the price that applies for fixed rate loans that day. For your peace of mind, we will contact you if the price has increased by 0.10 percentage points or more relative to that stated in the agreement. You will then have the opportunity to decide whether you still want to fix the interest rate. If our price is lower than stated in the agreement you sent in, you will of course get the lower price.

Question 2

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

Accepted Answer

For a fixed-rate loan, the interest rate is fixed until a specific expiry date (3, 5 or 10 years in the future). When the fixed rate agreement ends, the loan automatically reverts to a variable interest rate, unless you decide to fix the interest rate again.

If you are considering switching from a fixed rate to a variable rate before the expiry date, you may incur additional costs if a share premium arises. Contact us and we’ll look at your loan together.

Question 3

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

Accepted Answer

You can apply for an interest-only period on a fixed-rate loan that is within 60% of the home value. You can apply for an interest-only period either in the online bank or in the mobile banking app. A change like this may result in a premium or discount on the loan. If we see that the change will incur costs for you, we will contact you before making 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 next to your loan, select "Change loan"

If you are on a mobile:

Log in to the mobile banking app.
Go to Loans, select Home mortgage and Change home mortgage

Question 4

What happens if I make extra payments against the loan?

Accepted Answer

If you want to make extra payments against the 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 premiums and discounts?

Accepted Answer

A premium or discount may arise if you make changes to the loan - redeem the loan, make an extra payment, get an interest-only period or extend/shorten the payment period - before the interest rate commitment period is over.

Premium (loss of interest): If the interest rate on new fixed-rate loans is lower than the interest rate on your fixed-rate loan, the difference constitutes a loss for the bank. In this comparison, we will look at new fixed-rate loans with interest rate lock-in periods that correspond to the remaining lock-in period you have on your loan. If you break the fixed-rate agreement before the interest rate lock-in period is over, you’ll have to pay the interest rate loss. The same applies if you make additional payments against the fixed-rate loan, or make changes to the repayment plan.

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

You can deduct any interest loss/premium from your tax return, while any interest gain/discount is taxable.

Question 6

What happens when the fixed-rate period on the loan is over?

Accepted Answer

About 6 weeks before the expiry date, you’ll receive an online reminder, with an indication of our prices for a new fixed rate and a variable rate.

Three weeks before the expiry date, you will then receive a binding offer from us. We’ll send this to you by regular post and to the online bank. The offer has a deadline for a response. You must answer us by the deadline if you want a new fixed rate at the price specified in the offer. If you don’t do anything, the loan will be switched to a variable rate on the expiry date. You can of course fix the interest rate at any time later.

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

Question 7

Can I keep the loan if I move homes?

Accepted Answer

Yes, it’s possible to take the fixed-rate loan with you if you move homes. You do not need to redeem the loan.

Question 8

Can I keep the loan if I move homes?

Accepted Answer

If you sell your home without buying a new one, you must redeem the fixed-rate loan. Contact us to find out whether this will incur additional costs.

Question 9

Processing of personal data for loans

Accepted Answer

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

From our systems, we gather information about applications, payments and transaction history for loans, credit and accounts that you have with us. We can connect your to Altinn so the Norwegian Tax Administration gets your consent to provide details about income, debt and assets.

We can also obtain a summary from the Norwegian Debt Register of your unsecured debt, details of properties from the Norwegian Mapping and Cadastre Authority, as well as taxable income from previous years and payment remarks from credit information agencies. You are informed by credit information companies when details are obtained from there. Our processing of this data follows an automated risk assessment process.

This process is necessary in order to follow both the authorities’ requirements and to safeguard our own legitimate interest in managing our own risk and securing healthy finances and an ability to pay among our customers. We are also obliged to protect ourselves against money laundering and financial crime. If you do not agree with our process, we will not be able to handle your loan application, but you always have the right to correct any details that are incorrect.

When we approve a loan, DNB takes on a duty to report to the authorities. When we reject a loan application, we register this so that we can report the rejection, and potentially document the process afterwards. Registered details of a rejection can have an impact on your future applications.

DNB Bank ASA (the Bank) and DNB Boligkreditt AS (Boligkreditt) are jointly responsible for processing personal data. This means that your data will be available to both the Bank and Boligkreditt in both the application process and once the loan has been accepted.

The Bank and Boligkreditt are obliged to meet requirements to correct any errors and, at their own initiative, delete information that is no longer necessary. The bank is obliged to consider objections to the processing of personal data and must always comply with reservations against direct marketing. For Boligkreditt, marketing is not the purpose of processing personal data.

Read about how you can exercise your privacy rights in our personal privacy statement / “What are your rights” and contact details under “Questions and complaints”.

DNB’s Data Protection Officer (DPO) can be contacted by email at personvernombudet@dnb.no or by regular post at: DNB, c/o Data Protection Officer (DPO), PO Box 1600 Sentrum, 21 Oslo

Fixed-rate loans

What is a Fixed-rate loan?

Price example 5 years with a fixed rate

Benefits for Ung (Young Adults)

Fixed or variable interest?

Questions and answers about fixed-rate loans

See also

Home mortgages

Boliglån Ung Fastrente (Home Mortgage Young People Fixed rate)

Green fixed-rate loan

Combination loan

Contents insurance

Home insurance