Restart loan
– Refinance payment reminders secured by property
Loans up to 90% of the property’s value
Combine several loans into one loan
Avoid forced sale
This is how we help you:
Fill in the application form
It only takes a few minutes and is completely
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you for a
no-obligation quote.
Restart loans - pay down loans with remarks
Restart loans can be suitable for those with payment reminders and debt collection. This can be a solution if you’ve been turned down by traditional banks.
The loan is used to pay off loans with payment remarks, debt collection and other debts. It is thus to be regarded as a type of refinancing.
A restart loan allows you to restart your finances with a good chance of being able to repay the loan.
- You can get debt refinanced up to NOK 10 million
- You may have payment notices, debt collection or other types of debt
- You can collect and settle the same debt up to 90% of the home’s value (in central areas)
- You get many small loans combined into one loan
Restart loans are a different type of refinancing.
The bank takes a mortgage on your home and gives you a new loan. Even if you’re struggling financially, you can start afresh and get a fresh start with a restart loan.
→ You must be able to offer security for the loan in a property.
→ It doesn’t have to be a property you own.
Eiendomsfinans has worked with restart loans for many years.
We work with all the leading banks on this type of loan.
Feel free to contact us for more information and offers.
What is the interest rate on restart loans?
The interest rate on restart loans is usually 2-3% higher than normal mortgage rates. In addition, the establishment fee is from 1-4% of the loan amount.
Payment remarks can be a disadvantage when borrowing money. This means that you have to provide some form of security to get the loan granted, a mortgage.
A payment remark indicates that you have had problems paying bills or loans in the past. This increases the risk for the lender. Therefore, they will often charge a higher interest rate on a restart loan.
Norwegian households have seen an increase in debt in recent years, and debt collection has become more common. That’s why there are banks that specialize in offering restart loans to customers with payment remarks or debt collection. These banks can offer alternative solutions for you, but it is wise to compare offers from different banks to find the best start-up loan for you.
Advantages of restart loans
In some cases you have received payment remarks or debt collection on loans or bills. This can be anything from consumer loans to VAT bills, electricity and telephony.
If you have a mortgage without remarks, this loan can be left as it is in the current bank. We can then help you collect other expensive debts with payment remarks. This debt and these bills are replaced with one single restart loan.
This loan is used to pay off the debt and will then be secured in your home after the mortgage. It is called a 2nd priority mortgage. The bank that holds the mortgage will be able to continue to have a first mortgage on the property.
You therefore do not need to submit your mortgage if it has no objections. Then you keep the low mortgage rate on your current loan, but combine all your other debts into one loan without any remarks.
We help you with this as we work with all the banks in Norway that offer start-up loans.
Loan calculator restart loan
Remember that the set-up fee is between 1-4% of the loan amount. In other words, 10,000 – 40,000 per million in loans.
Totalbeløp
Kostnad
Etabl.gebyr
Termingebyr
Effektiv rente
This is how we help you:
Fill in the application form
It only takes a few minutes and is completely
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you for a
no-obligation quote.
We can help you apply for a restart loan
Eiendomsfinans has worked with restart loans for many years.
We work with all the leading banks on this type of loan.
Feel free to contact us for more information and offers.
Free and fast case management
With us, you will be assigned a dedicated advisor who will help you every step of the way. After
a pleasant conversation with you, we map out your financial situation.
FAQ - Frequently asked questions about restart loans
What is a restart loan?
Restart loans are a type of loan that can help you get back on your feet after a financial crisis. It’s a loan to cover your financial needs, for example to pay bills or accumulate expensive debt. Restart loans are often intended as a temporary solution to help you get ahead. So that you can rebuild your finances over time and have payment reminders deleted.
How do you apply for a restart loan?
Use one of the forms on the We’ll find a lender that offers this product page. There are several banks and financial institutions that offer this. Together we fill in an application that contains information about your financial situation, your income and your expenses. You must also be able to provide documentation of your financial situation, such as payslips or bills. Once the application has been submitted, the lender will assess your application and decide whether you can get a restart loan.
Who can apply for a restart loan?
In most cases, anyone who needs financial help can apply for a restart loan. These can be people who have gone through a divorce, a bankruptcy or another form of financial crisis. It can also be people who have gone through a transition. You are required to have collateral for the loan, such as a property owned by you or your heirs.
What does a restart loan cost?
The price of a restart loan will vary depending on the lender and your financial situation. Normally, the interest rate is 2-3% higher than a normal mortgage. The establishment fee ranges from 1-4% of the loan amount.
It is therefore important that we help you compare offers from different lenders and assess what suits you best. There is a higher interest rate and establishment fee on a restart loan because the bank’s risk of loss is higher than with a normal mortgage.
What should you consider before applying for a restart loan?
It is important to consider a number of things before taking out a restart loan. Firstly, you should consider whether you can afford to repay the loan according to the agreed repayment period.
You should also consider whether you can afford to pay the interest and any fees that come with the loan. We help you compare offers from different lenders to find the best deal for you.
It may also be a good idea to consider alternative solutions, such as saving money or applying for another loan with a lower interest rate.
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