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The market's best housing loan

As a member of the Norwegian Public Service Pension Fund you can apply for a loan of up to 1.7 million – or 3.4 million if two in your household are members. The interest rate is on average approximately one percent under the market rate. This can save you many thousands of kroner each year.

When should you consider a housing loan?

  • When you plan to buy a new house
  • When you consider refinancing a housing loan to get better terms and save money
  • When you are planning to renovate your house
  • When you consider starting a new job

What is The Norwegian Public Service Pension Fund's housing loan?

The Norwegian Public Service Pension Fund's housing loan is a membership benefit which provides one of the market's lowest interest rates. The current maximum loan is NOK 1,700,000 per member. The loan can be used to buy a house or for refinancing, renovation and estate settlement.

 

Who does it apply to?

  • All members can apply for the loan, whether they are employed or are pensioners.
  • You lose the right to the favourable loan terms if you move to a job that does not provide membership in the Norwegian Public Service Pension Fund. 

How to apply for a housing loan

  • You can loan up to 80 percent of the house's market value, and the Norwegian Public Service Pension Fund does not require first mortgage security.
  • You must provide a property valuation for the house from a property appraiser or a value appraisal from an estate agent.
  • You can only loan for home purchase, not for holiday homes or interim financing.
  • You apply by simply sending in an electronic loan application.

Calculation and amount

Recent figures from Statistics Norway show that interest on housing loans from the Norwegian Public Service Pension Fund is on average approximately one percent lower than equivalent loans from the major banks. This is a saving of many thousand krone.

Find out more about the housing loan

Take a careful look at how much you can save by using the loan possibilities offered by the Norwegian Public Service Pension Fund.

  • Calculator and online application (in Norwegian): At our website you can easily make a loan application. You can also check how much you can save by moving your loan to the Norwegian Public Service Pension Fund.
  • Employer: Contact your immediate superior or the pensions officer at your place of employment.  They can advise you if you need help.