Home equity credit lines

A home equity line of credit provides a flexible option to a traditional home mortgage. You are free to choose whether you wish to use all or a portion of the credit line.

Offers flexibility:

  • You can increase the loan amount within your agreed  limit or make repayments as and when you want
  • You pay interest only on the amount drawn on the credit line
  • You do not have to apply for a new loan and pay a front-end fee every time you need additional funds
  • You service the loan in the internet bank
  • You have an updated repayment schedule at all times

Indicative price

2.60% nominal interest rate
2.69% effective interest rate

Loan amount NOK 2 million
Repayment period 25 years

Total cost: NOK 2 739 375

Apply for a home equity line

All you need to do is to complete an ordinary loan application. If you already have a home mortgage in DNB, it can easily be converted to a home equity credit line. In both cases, you should apply for a home equity credit line here. Existing customers can also apply for a home equity credit line in the Internet bank.