Interest rates
The Housing Bank's fixed interest rates are updated every month, while the variable interest rate is updated every other month. The rates are market-based and are calculated using the average of the five most favourable mortgage offers available in the market.
The interest rates on this page are updated around the 6th of each month.
Interest rates for August 2026
To take advantage of the fixed interest rate offer for August, the signed agreement must be received by the Housing Bank no later than 24 July.
| Instalments | 3 y fixed | 5 y fixed | 10 y fixed | 20 y fixed | Floating |
|---|---|---|---|---|---|
| Monthly | 4,717% | 4,582% | 4,448% | 4,736% | 4,025% |
| Quarterly | 4,735% | 4,600% | 4,465% | 4,755% |
4,038% |
| Biannually | 4,763% | 4,626% | 4,490% | 4,783% | 4,059% |
*Floating interest rate until 30 October
You can enter into a fixed interest rate agreement between the 6th and the 24th of each month.
The effective interest rate will be 0.1–0.2 percentage points higher, depending on the size of the loan and its repayment terms.
The special interest rate for loans granted on special terms before 1996 is always one percentage point lower than the standard interest rate.
Please note that the interest rate on a start-up loan may be up to 0.25 percentage points higher than the Housing Bank's rates, as municipalities may add a margin to cover their administrative costs
Read more about the differences between fixed and floating interest rates
Switching from a fixed to a floating interest rate during a fixed-rate period
How the Housing Bank's interest rates are determined
The interest rates on Housing Bank loans are calculated based on changes in market interest rates, in accordance with the Regulations on Loans from the Housing Bank. Changes in market interest rates normally affect the Housing Bank's rates after two to three months.
- Fixed interest rates are updated on the 1st of every month
- Floating interest rates are updated on the 1st every other month (January, March, May, July, September and November)
Risk assessment
Customers who apply for a loan in the Housing Bank must currently at least be able to pay up to 6,25 percent interest annually. Please note that this is only one of several criteria for the assessment of loan applications.