Long processing time for housing loans

This page is updated weekly with the time period from which we process received applications, so you can keep track on when to expect a response from us. However, we cannot give you an estimated time for when exactly your loan application will be processed. 

Extraordinary attendance 

Due to the rise in interest rates in the market over the last couple of years, we have received a great many applications for refinancing mortgages. Unfortunately, it has not been possible to increase our treatment capacity in line with this extraordinary demand. 

Changed application process 

Due to the long processing time, we have changed how we receive applications for moving loans / refinancing. 

If you want to move the loan / refinance, or apply for a loan for renovation, click on the link to our housing loan application, where you will be given the opportunity to leave your e-mail. We will contact you when you can continue the application process. 

Prioritizes loans for the purchase of housing 

While the waiting time is long for refinancing and loans for renovations, we always prioritize loan applications for the purchase of a home. These applications now have a processing time of two weeks. 

The interest rate changes six times a year 

The interest rate on mortgages in SPK changes up to six times a year - in January, March, May, July, September and November. Before the interest rate adjustments, there is an observation period of two months, plus a two-month notification period before the new interest rate takes effect. 

"Delay" on the interest rate in SPK 

The interest rate development in the state banks, such as SPK, thus has a "lag" of four months compared to the interest rates in most ordinary banks. This applies to both rising and falling interest rates. 

It is the Ministry of Finance that handles the rules for setting interest rates in the state banks, which include Lånekassen and Husbanken, in addition to SPK. 

Thank you for your patience!